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</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.</p> Signup and view all the answers

    What does the verb 'compete' imply?

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

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

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

    How can teachers encourage students?

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

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

    <p>Worldwide</p> Signup and view all the answers

    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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