A Short Business Management Sample Quiz

10 Questions | Total Attempts: 3681

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Business Management Quizzes & Trivia

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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