Chapter 5 And 6 Review: Question Preview (ID: 8940)

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The revenue you make after paying all the costs of producing a product is called?
a) gain b) profit c) capital d) loss
How does a corporation earn money?
a) sell stock b) trade goods c) apply for loans d) offer services
Ocean Spray is an example of an
a) franchise b) corporation c) non-profit d) cooperative
The job of an intermediary is to
a) inspect goods b) distribute goods c) gather goods d) trash goods
An example of a virtual business is
a) Walmart b) Home Depot c) Ebay d) Sears
The purpose of a nonprofit organization is to?
a) make money b) provide a service c) lose money d) gain customers
Who is held responsible for decisions in a corporation?
a) Board of Directors b) The president c) The owner d) stockholders
What does the term SBA stand for?
a) Short Business Association b) Small Business Association c) Small Business Administration d) Smart Business Administration
What is the main reason entrepreneurships fail?
a) No business plan b) Customers c) Bad marketing d) Money
Which of the following is true about small businesses?
a) Has fewer than 500 employees b) Generates more than half of the nation's income c) Employs more than 50% of the total work force in the US d) All of the above
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