Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
1.01-1.02 Principles, Purposes, And Types Of Business
Test Description: This is a Business Review for 1.01-1.03
Instructions: Answer all questions to get your test result.
1) What do wants and needs have in common?
A
Both are services.
B
Both are products or tangible items.
C
We need both to survive.
D
Both are costly
2) Hiring and Firing employees is an example of which business function?
A
Information Technology
B
Operations
C
Accounting
D
Human Resource
3) Goodwill industries helps poor and homeless people with the money raised by selling donated products in their stores. Goodwill is classified as what kind of business?
A
Combination product and service
B
Service provider
C
Non-profit
D
For profit
4) Collecting money from customers, paying taxes, and processing payroll checks are which type of function?
A
Human Resource
B
Operation
C
Information Technology
D
Accounting
5) When comparing the four main types of business organizations, which type protects investors the MOST from personal financial liability due to being sued by a customer? (Think about stocks)
A
Corporation
B
Franchise
C
Sole Proprietorship
D
Partnership
6) Ensuring that the organization meets goals, and working with employees to accomplish organizational goals are both classified as which type of function?
A
Human Resource
B
Management
C
Marketing
D
Accounting
7) How is a corporation different from a sole proprietorship or partnership?
A
Corporation is usually owned by one person.
B
Corporation requires a legal charter to start
C
The owners of the corporation control the business
D
Corporation has only one or two owners.
8) The Gap, Dell, IBM, are all classified as which type of business? (They make money)
A
Combination product and service
B
For Profit
C
Non Profit
D
Service Provider
9) Maintaining email accounts and installing software applications is classified in which business function?
A
Operations
B
Accounting
C
Human Resource
D
Information Technology
10) What is the difference between wants and needs?
A
Needs are services and wants are goods.
B
Needs are goods and wants are services
C
Needs are nice to have, wants are necessary for survival
D
Needs are necessary for survival, wants are nice to have.
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?