1|Page
Nocti Business Practice Questions with 100%
Verified Answers 2026
Small businesses account for ____ of the U.S. gross domestic
product each year. - ANSWER more than half
Every business performs all of the following activities except -
ANSWER manufacturing products
Totally new products that have never been seen by customers
are often not introduced - ANSWER True
The rivalry among businesses to sell their goods and services is
known as - ANSWER competition
Joint venture - ANSWER an agreement between two or more
companies to share a business project
, 2|Page
It's an investor can earn 6% on investment approximately how
long will it take the investment to double in value - ANSWER 12
years
Workers who have good health are valuable company assets -
ANSWER True
Of all new businesses..... - 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 - ANSWER
ripple effect
Generally a lack of competition will result in lower prices for
goods and services - ANSWER False
Rules about how businesses in there employees are to behave
are called - ANSWER Business code of ethics
Nocti Business Practice Questions with 100%
Verified Answers 2026
Small businesses account for ____ of the U.S. gross domestic
product each year. - ANSWER more than half
Every business performs all of the following activities except -
ANSWER manufacturing products
Totally new products that have never been seen by customers
are often not introduced - ANSWER True
The rivalry among businesses to sell their goods and services is
known as - ANSWER competition
Joint venture - ANSWER an agreement between two or more
companies to share a business project
, 2|Page
It's an investor can earn 6% on investment approximately how
long will it take the investment to double in value - ANSWER 12
years
Workers who have good health are valuable company assets -
ANSWER True
Of all new businesses..... - 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 - ANSWER
ripple effect
Generally a lack of competition will result in lower prices for
goods and services - ANSWER False
Rules about how businesses in there employees are to behave
are called - ANSWER Business code of ethics
