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Intro to Business Sem 1 part 1

Intro to Business Sem 1 part 1

Assessment

Flashcard

Life Skills

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Student preview

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19 questions

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1.

FLASHCARD QUESTION

Front

What drives the economy? Options: goods and services, competition, resources, consumers' wants and needs

Back

consumers' wants and needs

2.

FLASHCARD QUESTION

Front

Which is NOT true of business? They pay taxes and provide jobs, The wealth they create benefits the entire community, They are rewarded with profits by satisfying consumers, They can survive without profits

Back

They can survive without profits

3.

FLASHCARD QUESTION

Front

Which best describes a corporation?

Back

business registered by the state and operates apart from its owners

4.

FLASHCARD QUESTION

Front

What is unlimited liability?

Back

owner is responsible for all the company's debts

5.

FLASHCARD QUESTION

Front

Which function of management would be best described as influencing, guiding, and directing people under one’s management to carry out their assigned tasks​?

Back

leading

6.

FLASHCARD QUESTION

Front

Which function of management would be best described as setting long term and short term goals and the plans for meeting those goals?

Back

planning

7.

FLASHCARD QUESTION

Front

What is something that an ideal leader is able to do?

Back

inspire others

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