Quiz: Can You Answer These Business Basics Questions?

9 Questions | By Justinktadlock | Last updated: Mar 21, 2022 | Total Attempts: 216

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Quiz: Can You Answer These Business Basics Questions? - Quiz

This quiz will test your knowledge about the content of Chapter 15

Questions and Answers

1.

Explain in one paragraph the three types of business ownership (sole proprietorship, partnership, corporation).
2.

A single - unit business is also called a(n)
- A.
  
  Unibusiness
- B.
  
  Independent business
- C.
  
  All-in-one business
- D.
  
  Location limited business
3.

There are three management levels. Which one is closest to the workers?
- A.
  
  Upper Management
- B.
  
  Supervisory Management
- C.
  
  Middle Management
- D.
  
  Divisional Management
4.

The five management functions are: Planning, Leading, Staffing, Firing and Controlling.
- A.
  
  True
- B.
  
  False
5.

Hotels are typically divided between the rooms division and the Food and Beverage division. However, there may be other divisions in the hotel. What are they?
- A.
  
  Security
- B.
  
  Accounting
- C.
  
  Sales
- D.
  
  Human Resources
- E.
  
  ALL OF THE ABOVE
6.

A sole proprietor is the sole owner and operator of the business
- A.
  
  True
- B.
  
  False
7.

The people who are responsible for the running of the ENTIRE company.
- A.
  
  Upper Management
- B.
  
  Supervisory Management
- C.
  
  Middle Management
- D.
  
  Crooks (see AIG)
8.

True or False : Restaurants have two main divsions, Front of the house and Back of the house.
- A.
  
  True
- B.
  
  False
- C.
  
  I slept through this class when they taught this
9.

A division that sells a product that brings a business money is called a revenue center.
- A.
  
  True
- B.
  
  False

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