Business In The U.S. Economy: Question Preview (ID: 16986)

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People born between 1946 and 1964 are called
a) Old
b) Generation X
c) Baby Boomers
d) Generation Y

One who has no explicit or implicit contract for long-term employment.
a) long-term employee
b) Short-term employee
c) hard worker
d) contingent worker

The largest number of businesses in the U.S. are
a) Proprietorships
b) Partnerships
c) Corporation
d) Franchises

All businesses
a) make a profit
b) buy goods and services
c) expand
d) are successful

Get supplies from other producers and convert them into products
a) farmers
b) manufacturers
c) extractors
d) intermediaries

An example of an intermediary is a(n)
a) oil miner
b) Christmas Tree Farm
c) Walmart
d) Postal Service

Create the products and services used by individuals and other businesses
a) intermediaries
b) service businesses
c) Producers
d) corporation

How many business activities are performed by ALL businesses, no matter what their size?
a) 4
b) 7
c) 6
d) 8

An example of the maintaining business records business activity is
a) filing transaction receipts
b) doing taxes
c) taking an inventory
d) All of the above

The fastest growing part of the economy is
a) corporation
b) service businesses
c) franchises
d) proprietorships

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