Business Concepts and Terminology Quiz
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Questions and Answers

What does the verb 'predict' mean?

  • To estimate the cost of an item
  • To try to gain an advantage over others
  • To adjust to new conditions
  • To say that something will happen in the future (correct)

Which word is best described by the definition: producing a great deal of profit or wealth?

  • Encourage
  • Adapt
  • Lucrative (correct)
  • Compete

What does it mean to 'adapt' according to the provided definitions?

  • To support someone during a challenge
  • To judge the value of something
  • To strive to overcome others
  • To adjust or modify to suit new conditions (correct)

In which context is the term 'worldwide' correctly used?

<p>Having presence in multiple regions or around the globe (A)</p> Signup and view all the answers

Which of the following sentences illustrates the meaning of 'estimate'?

<p>The contractor will form an approximate judgment on the project's total cost. (C)</p> Signup and view all the answers

What does the verb 'compete' imply?

<p>To try to win by establishing superiority over others (C)</p> Signup and view all the answers

What period of time does the term 'century' refer to?

<p>A period of one hundred years (B)</p> Signup and view all the answers

How can teachers encourage students?

<p>By giving support and confidence (A)</p> Signup and view all the answers

Which adjective best fits the meaning of: extending throughout the world?

<p>Worldwide (D)</p> Signup and view all the answers

Flashcards

Predict

To say or estimate that something will happen in the future.

Estimate

To make a rough guess about the value, amount, or cost of something.

Compete

To try to win or be better than others.

Adapt

To change to fit a new situation.

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Lucrative

Making a lot of money.

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Encourage

To give someone support or confidence.

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Worldwide

Everywhere in the world.

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Century

A period of 100 years.

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What is a period of 100 years called?

A century is a period of 100 years.

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Study Notes

Predicting, Estimating, and Competing

  • Predict: To forecast future events.
  • Estimate: To roughly determine value, quantity, or cost.
  • Compete: To strive for victory against others.

Adapting and Profit

  • Adapt: To adjust to new situations.
  • Lucrative: Highly profitable.

Encouraging and Global

  • Encourage: To support and inspire.
  • Worldwide: Global in scope.

Century

  • Century: A period of one hundred years.

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Description

Test your knowledge on essential business concepts such as predicting, estimating, and competing in the market. This quiz will also explore concepts of adaptation and profitability, as well as encouraging global perspectives in business. Perfect for students and professionals looking to strengthen their understanding of vital business terms.

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