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Business Quiz
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- Question 1 of 10
1. Question
When were Bond Coins introduced in Zimbabwe?
CorrectThe Reserve Bank of Zimbabwe began to release Zimbabwean bond coins in December 2014
IncorrectThe Reserve Bank of Zimbabwe began to release Zimbabwean bond coins in December 2014
- Question 2 of 10
2. Question
Who is Tawanda Mutyebere?
CorrectTawanda Mutyebere is the founder of Packers International which comprises of Chicken slice, Creamy Slice, Pizza Slice and Slice Express
IncorrectTawanda Mutyebere is the founder of Packers International which comprises of Chicken slice, Creamy Slice, Pizza Slice and Slice Express
- Question 3 of 10
3. Question
Which of the below companies does not fall under Ecocash Holdings Zimbabwe?
CorrectEconet Wireless is not part of Ecocash Holdings Zimbabwe
IncorrectEconet Wireless is not part of Ecocash Holdings Zimbabwe
- Question 4 of 10
4. Question
Kombo Moyana was RBZ governor during which period?
CorrectKombo Moyana was RBZ governor from 1983- 1993.
IncorrectKombo Moyana was RBZ governor from 1983- 1993.
- Question 5 of 10
5. Question
What period did Simba Makoni serve as the finance minister of Zimbabwe?
CorrectSimba Makoni served as finance minister from 2000-2002.
IncorrectSimba Makoni served as finance minister from 2000-2002.
- Question 6 of 10
6. Question
What is the purpose of a business plan?
CorrectA business plan is an essential tool that enables entrepreneurs to focus on the specific steps necessary to make their business succeed. It also helps one to achieve both their short-term and long-term objectives.
IncorrectA business plan is an essential tool that enables entrepreneurs to focus on the specific steps necessary to make their business succeed. It also helps one to achieve both their short-term and long-term objectives.
- Question 7 of 10
7. Question
What is comparative advantage?
CorrectComparative advantage is an economic term that refers to an economy’s ability to produce goods and services at a lower opportunity cost than that of trade partners.
IncorrectComparative advantage is an economic term that refers to an economy’s ability to produce goods and services at a lower opportunity cost than that of trade partners.
- Question 8 of 10
8. Question
What is opportunity cost?
CorrectOpportunity cost is a benefit missed when an investor, individual or business chooses one alternative over another
IncorrectOpportunity cost is a benefit missed when an investor, individual or business chooses one alternative over another
- Question 9 of 10
9. Question
What is a breakeven point?
CorrectThe break-even point (BEP) represents the sales amount—in either unit (quantity) or revenue (sales) terms—that is required to cover total costs, consisting of both fixed and variable costs to the company. It is the point at which total cost and total revenue are equal, i.e. “even”. There is no net loss or gain. Total profit at the break-even point is zero.
IncorrectThe break-even point (BEP) represents the sales amount—in either unit (quantity) or revenue (sales) terms—that is required to cover total costs, consisting of both fixed and variable costs to the company. It is the point at which total cost and total revenue are equal, i.e. “even”. There is no net loss or gain. Total profit at the break-even point is zero.
- Question 10 of 10
10. Question
What is the purpose of taxation?
CorrectTaxation is a means by which government finance their expenditure by imposing charges on citizens and corporate entities.
IncorrectTaxation is a means by which government finance their expenditure by imposing charges on citizens and corporate entities.
