A Quiz On Business Technologies

20 Questions | Total Attempts: 120

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Business Technology Quizzes & Trivia

Understanding types of businesses.


Questions and Answers
  • 1. 
    What is an advantage of a franchise over a sole proprietorship?
    • A. 

      Franchises can seel stock to start up the business.

    • B. 

      Franchises do not have to work in the business

    • C. 

      Parent company provides training and support to franshisee.

    • D. 

      Parent company will pay all of the franchises's start up costs.

  • 2. 
    Which is an example of a marketing function for a business?
    • A. 

      Hiring new employees to fill vacancies in the business.

    • B. 

      Placing products in strategic locations in the stores.

    • C. 

      Producing financial statements for the company

    • D. 

      Producing payroll checks for all employees

  • 3. 
    Which is an example of a marketing function for a business?
    • A. 

      Creating a banner ad for the company website

    • B. 

      Interviewing potential sales employees

    • C. 

      Obraining new products to replace sold stock

    • D. 

      Preparing income statements for the business

  • 4. 
    Which statement is an example of a human resources function for a business?
    • A. 

      Calling customers to ensure satisfaction

    • B. 

      Obtaining new products to replace sold stock

    • C. 

      Processing new employees' payroll paperwork

    • D. 

      Producting the annual compnay balance sheet

  • 5. 
    How is a corporation different from a sole proprietorship?
    • A. 

      Corporations are owned by only one person

    • B. 

      Corporations can sell stock to raise money for the business

    • C. 

      Sole proprietorships have limited liability for the owners

    • D. 

      Sole proprietorships require a legal charter to start the business

  • 6. 
    Goodwill industries helps poor and homeless people with the money raised by selling donated products int heir stores.  Goodwill is classified as what kind of business?
    • A. 

      Combination product and service

    • B. 

      For-profit

    • C. 

      Non-profit

    • D. 

      Service provider

  • 7. 
    Norman and Jones Septic Tank Cleaners are the best septic tank cleaners in Mount Airy.  How is Norman and Jones Septic Tank Cleaners classified?
    • A. 

      Combination product and service

    • B. 

      Non-profit

    • C. 

      Product type

    • D. 

      Service provider

  • 8. 
    What is an example of a marketing function for a business?
    • A. 

      Interviewing potential employees

    • B. 

      Preparing a new TV advertising campaign

    • C. 

      Preparing income statements for the business

    • D. 

      Processing the employee payroll

  • 9. 
    What is the difference between wants and needs?
    • A. 

      Needs are goods and wants are services

    • B. 

      Needs are necessary for survival, wants are nice to have.

    • C. 

      Needs are nice to have, wants are necessary for survival

    • D. 

      Needs are services and wants are goods

  • 10. 
    Collecting money from customers, paying taxes, and processing payroll checks are call classified as which type of function?
    • A. 

      Accounting

    • B. 

      Human Resources

    • C. 

      Information Technology

    • D. 

      Operations

  • 11. 
    How is a corporation different from a sole proprietorship or partnership?
    • A. 

      Corporation has only one or two owners

    • B. 

      Corporation is usually owned by one person

    • C. 

      Corporation requires a legal charter to start.

    • D. 

      The owners of the corporation control the business.

  • 12. 
    When comparing the four main buiness types, which allows the owner to start selling products most quickly?
    • A. 

      Corporation

    • B. 

      Franchise

    • C. 

      Partnership

    • D. 

      Sole proprietorship

  • 13. 
    When comparing the four main buisiness types, which has the most risk and rewards for an individual?
    • A. 

      Corporation

    • B. 

      Franchise

    • C. 

      Partnership

    • D. 

      Sole proprietorship

  • 14. 
    Homeless shelters, the March of Dimes and the Salvation Army are all classifed as which type of business?
    • A. 

      Combination product and service

    • B. 

      For-profit

    • C. 

      Non-profit

    • D. 

      Product type

  • 15. 
    Which is an example of a marketing function for a business?
    • A. 

      Preparing a loading dock schedule

    • B. 

      Preparing an advertisement for TV

    • C. 

      Preparing an income statement

    • D. 

      Preparing an organizational chart

  • 16. 
    Which is an example of an information technology function for a business?
    • A. 

      Determining pricing

    • B. 

      Hiring new employees

    • C. 

      Maintaining computers

    • D. 

      Paying employees

  • 17. 
    What is a difference between consumers and customers?
    • A. 

      Consumers make goods and services

    • B. 

      Consumers purchase goods and services

    • C. 

      Customers make goods and services

    • D. 

      Customers purchase goods and services

  • 18. 
    The Gap, Dell, and IBM are all classfied as which type of business?
    • A. 

      Combination product and service

    • B. 

      For-profit

    • C. 

      Non-profit

    • D. 

      Service provider

  • 19. 
    How are franchise and a sole proprietorship alike?
    • A. 

      Can sell stock to raise money

    • B. 

      Easy to start the business

    • C. 

      Owner keeps all profits

    • D. 

      Require a contract to start

  • 20. 
    Barber shops, dry cleaners, and car repairt shops are all classified as which type of business?
    • A. 

      Combination product and service

    • B. 

      Non-profit

    • C. 

      Product type

    • D. 

      Service provider

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