14 Questions
What are the primary functions of a Business Entity?
Maximize profits and minimize costs
Which of the following is a characteristic of an effective business plan?
Dynamic and adaptable
What is an advantage of using a sole proprietorship as a form of business ownership?
Ease of formation and decision-making
Which of the following best describes the concept of economies of scale?
Costs decrease as production levels increase
What is the relationship between electrical resistance and the length (L) of the conductor?
Directly proportional
Which type of resistor has a variable resistance dependent on temperature?
Thermistor
What do the first two colors in a 4-band resistor represent?
Significant figures
When resistors are connected in series, what happens to the current flowing through them?
It becomes constant
What is the equivalent resistance of resistors in a parallel connection?
$1/(1/R_1 + 1/R_2 + 1/R_3)$
Which of the following best describes a passive electronic component?
It consumes energy and limits the flow of electrons but does not amplify electrical signals
What is the primary function of a resistor in an electronic circuit?
To limit or regulate the flow of electrical current
Which type of passive component temporarily stores electrical energy in the form of magnetic field?
Inductor
What characteristic distinguishes passive components from active components?
Passive components cannot amplify signals or increase power while active components can amplify signals and increase power
What role do passive components play in a circuit?
Limiting or regulating the flow of electrical current
Test your knowledge on the primary functions of a business entity, characteristics of an effective business plan, advantages of a sole proprietorship, and the concept of economies of scale.
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