A Short Business Management Sample Quiz

10 Questions | By Samrufener | Updated: Dec 1, 2022 | Attempts: 7996

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A Short Business Management Sample Quiz - Quiz

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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 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
- B.
  
  Marketer
- C.
  
  Manufacturer
- D.
  
  Wholesaler
10.

A partnership usually issues stock to raise capital.
- A.
  
  False
- B.
  
  True