Business Management Quiz

Business Management Quiz - A Generating Ideas B Raising...

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Business Management Quiz 1. A form of business that can have many owners and issue stock. A. Corporation B. Sole-proprietorship C. Partnership D. Cooperative ====================================== 2. In this type of business, the owner is responsible for all debts. ====================================== 3. A business that takes natural resources and converts them into a consumer good. ====================================== 4. A form of production that makes a product to fit one customers needs. ====================================== 5. The parent company of a franchise is known as: A. Franchisee B. Franchisor C. Big Daddy D. All of the Above ====================================== 6. Which of the following is an activity performed by businesses?
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Unformatted text preview: A. Generating Ideas B. Raising Capital C. Keeping Records D. All of the Above ====================================== 7. A group that is in charge of making business decisions for a corporation. A. Staff B. Board of Directors C. Management D. Proprietors ====================================== 8. A type of business that moves goods from the manufacturer to the consumer. A. Marketer B. Extractor C. Manufacturer D. Wholesaler ====================================== 9. A mining company is an example of a(n) _______________ because they take resources from the earth A. extractor ====================================== 10. True/False. A partnership usually issues stock to raise capital._______ A. False B. True ====================================== Answer Key ====================================== 1. A 2. B 3. B 4. C 5. B 6. D 7. B 8. A 9. A 10. A...
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