Trivia Questions Quiz On Business Terms And Keywords!

20 Questions | Total Attempts: 374

Trivia Questions Quiz On Business Terms And Keywords! - Quiz

This quiz is all about basic business terms and keywords widely used by professionals. Here, we have got you a list of such keywords, so, use the words below to fill-in-the-blanks for the following questions. Profit Profit motive Competition Needs Wants Consumer Goods Services Sole proprietorship Partnership Franchise Non-profit organization Corporation Multinational corporation Accounting Management Marketing Information Technology Operations Human Resources

Questions and Answers
  • 1. 
    Money that remains after a business has paid for the expenses of running the business. Income > Expenses
  • 2. 
    A person's incentive to work to gain something for himself or herself (that is to make money).
  • 3. 
    The contest between businesses to win customers' business and loyalty
  • 4. 
    Items are necessary for existence, such as clothing, food, and shelter.
  • 5. 
    Items that would be nice to have, but are not necessary.
  • 6. 
    A person who uses goods or services.  Many times the consumer is also the customer (purchaser).
  • 7. 
    Items businesses sell that can be physically weighed or measured, such as iPods and CDs.
  • 8. 
    Tasks that businesses perform or provide for customers, such as hair cuts and car washes.
  • 9. 
    A business owned by only one person.
  • 10. 
    A business owned by two or more people.
  • 11. 
    A contract between a parent company and a franchisee to use the name and sell the goods or services of the parent company, such as KFC.
  • 12. 
    A business whose goal is to provide a service rather than to make a profit, such as the American Red Cross.
  • 13. 
    A business considered separate from the owners of the business by law.  The owners are the stockholders.
  • 14. 
    A company that does business and has business facilities in many countries, such as Coca Cola.
  • 15. 
    The process of recording and reporting the financial data for a business.
  • 16. 
    The process of leading and directing all or part of an organization
  • 17. 
    The process of creating, promoting, and presenting a product to the consumers.
  • 18. 
    The process of developing, installing, and implementing computer information systems and applications.  
  • 19. 
    The activities involved in the day-to-day running of a business for the purpose of producing value for the stakeholders.
  • 20. 
    The activities that deal with the hiring, firing, training and other personnel (employee) issues.
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