This quiz works best with JavaScript enabled. Home > Incentives > General > Incentives – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Incentives Quiz 4 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Concept that consumers rule and buyers ultimately determine which goods and services remain in production is referred to as A) Cromers Law. B) Consumer Demand. C) Consumer Supply. D) Consumer Soverighnty. Show Answer Correct Answer: D) Consumer Soverighnty. 2. Vince's gross monthly pay is $ 2, 150. Vince pays 2.1% of his monthly salary for Medicare. How much does he pay each month? A) $ 45.15. B) $ 451.50. C) $ 4.51. D) None of the Above. Show Answer Correct Answer: A) $ 45.15. 3. In what type of economy allocation do individuals and firms determine what will be produced? A) Government. B) Command. C) Market. D) Traditional. Show Answer Correct Answer: C) Market. 4. People outside are using umbrellas; it must be raining. A) Quantitative. B) Qualitative. C) Inference. D) Prediction. Show Answer Correct Answer: C) Inference. 5. Excused from being taxed A) Taxi Exit. B) Snoop Dog. C) Tax Pimped. D) Tax Exempt. Show Answer Correct Answer: D) Tax Exempt. 6. BONUS Question! What is Mrs. Cromers son's middle name? A) Chainsaw. B) Stihl. C) Steele. D) Steel. Show Answer Correct Answer: B) Stihl. 7. The method a country uses to answer the three economic questions A) Economic System. B) Economic Resources. C) Capitalism. D) None of above. Show Answer Correct Answer: A) Economic System. 8. Which one of these is NOT a characteristic of an entrepreneur? A) Risk taker. B) Idea person. C) Generalist. D) Specialist. Show Answer Correct Answer: D) Specialist. 9. Marielle computed her taxable income last year as $ 47, 678. Over the year, she paid $ 7, 201 in federal withholding. Use the tax table to find the amount of money Marielle will owe in additional taxes. (Use the chart on the review sheet) A) $ 843. B) $ 830. C) $ 855. D) $ 868. Show Answer Correct Answer: A) $ 843. 10. Most incentives are designed by people who want to control your ..... A) Behavior. B) Purchasing choices. C) Bank account. D) Voting habits. Show Answer Correct Answer: A) Behavior. 11. During the test, I should ..... A) Move as quickly as I can. B) Skip around the test. C) Take my time and stay focused. D) Think about what I'm going to do at recess. Show Answer Correct Answer: C) Take my time and stay focused. 12. In the early 1400's this country became a leader in world exploration (next to Spain) A) France. B) Portugal. C) Germany. D) Italy. Show Answer Correct Answer: B) Portugal. 13. ..... The actual thing you gave up to have something else. Everything has a cost A) Opportunity Cost. B) Tradeoff. C) Incentive. D) None of above. Show Answer Correct Answer: A) Opportunity Cost. 14. What is Voluntary Exchange? A) Sellers are forced to sell goods for a cheap price and can't make a profit. B) The exchange of profits between countries. C) The exchange of goods between countries. D) Trading or selling goods or services freely based on the price you want. Show Answer Correct Answer: D) Trading or selling goods or services freely based on the price you want. 15. Which of these is NOT a monetary incentive? A) Coupon. B) Rebate. C) Discount. D) Sales tax. Show Answer Correct Answer: D) Sales tax. 16. Economic incentives usually involve ..... A) Money. B) Bills. C) Laws. D) Jobs. Show Answer Correct Answer: A) Money. 17. What is a profit? A) The amount of change you get after a purchase. B) The amount of money you make after you work. C) The amount of money you make after expense. D) The amount of money you spend at the store. Show Answer Correct Answer: C) The amount of money you make after expense. 18. Autonomy, reward orientation, consideration to employees etc refers to ..... A) Organisational climate. B) Promotion. C) Transfer. D) None of the above. Show Answer Correct Answer: A) Organisational climate. 19. ..... is the chance that something could go wrong. A) Profit. B) Risk. C) Opportunity Cost. D) Incentive. Show Answer Correct Answer: B) Risk. 20. CSI is earned on.. A) Verified Customer Sales. B) Customer Sales. C) Personal Points + Verified Customer Sales. D) Team Pointa. Show Answer Correct Answer: A) Verified Customer Sales. ← PreviousNext →Related QuizzesIncentives QuizzesIncentives Quiz 1Incentives Quiz 2Incentives Quiz 3Incentives Quiz 5Incentives Quiz 6Incentives Quiz 7Incentives Quiz 8Incentives Quiz 9Incentives Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books