MGRADES
Nocti Business Practice UPDATED
ACTUAL Exam Questions and CORRECT
Answers
Small businesses account for ____ of the U.S. gross domestic product each year. - CORRECT
ANSWER - more than half
Every business performs all of the following activities except - CORRECT ANSWER -
manufacturing products
Totally new products that have never been seen by customers are often not introduced -
CORRECT ANSWER - True
The rivalry among businesses to sell their goods and services is known as - CORRECT
ANSWER - competition
Joint venture - CORRECT ANSWER - an agreement between two or more companies to
share a business project
It's an investor can earn 6% on investment approximately how long will it take the investment to
double in value - CORRECT ANSWER - 12 years
Workers who have good health are valuable company assets - CORRECT ANSWER -
True
Of all new businesses..... - CORRECT ANSWER - about one-third are profitable, one-
third do not make a profit but continue to operate, and one-third lose money
A recession often affects some groups of workers in related businesses. The drop in related
businesses is called - CORRECT ANSWER - ripple effect
Nocti Business Practice UPDATED
ACTUAL Exam Questions and CORRECT
Answers
Small businesses account for ____ of the U.S. gross domestic product each year. - CORRECT
ANSWER - more than half
Every business performs all of the following activities except - CORRECT ANSWER -
manufacturing products
Totally new products that have never been seen by customers are often not introduced -
CORRECT ANSWER - True
The rivalry among businesses to sell their goods and services is known as - CORRECT
ANSWER - competition
Joint venture - CORRECT ANSWER - an agreement between two or more companies to
share a business project
It's an investor can earn 6% on investment approximately how long will it take the investment to
double in value - CORRECT ANSWER - 12 years
Workers who have good health are valuable company assets - CORRECT ANSWER -
True
Of all new businesses..... - CORRECT ANSWER - about one-third are profitable, one-
third do not make a profit but continue to operate, and one-third lose money
A recession often affects some groups of workers in related businesses. The drop in related
businesses is called - CORRECT ANSWER - ripple effect
