A Short Business Management Sample Quiz
10 Questions
| Total Attempts: 3537
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Questions and Answers
- 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:
- A.
Corporation
- B.
Sole-Proprietorship
- C.
Partnership
- D.
Cooperative
- 3.A business that takes natural resources and converts them into a consumer good:
- A.
Extrator
- B.
Manufacturer
- C.
Marketer
- D.
Wholesaler
- 4.A form of production that makes a product to fit one customer's needs:
- A.
Mass Production
- B.
Bulk Manufacturing
- C.
Custom Manufacturing
- D.
Marketing
- 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?
- 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.
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
- B.
Marketer
- C.
Manufacturer
- D.
Wholesaler
- 10.A partnership usually issues stock to raise capital.
- A.
False
- B.
True
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