MNGT 200_M1

MNGT 200_M1

Assessment

Flashcard

•

Business

•

University

•

Practice Problem

•

Hard

Created by

John Giray

Used 1+ times

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40 questions

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1.

FLASHCARD QUESTION

Front

Business

Back

A business is defined as "any activity that provides goods or services to consumers to make a profit."

2.

FLASHCARD QUESTION

Front

What is the difference between revenue and profit? Revenue is the total income generated, while profit is what remains after all ______ are paid.

Back

expenses

3.

FLASHCARD QUESTION

Front

Which of the following is an example of a business that produces tangible products? Bank, Airline, Apple selling iPhones, Education

Back

Apple selling iPhones

4.

FLASHCARD QUESTION

Front

Which type of business provides intangible services?

Back

services

5.

FLASHCARD QUESTION

Front

What is a hybrid business? Hybrid businesses provide both ______ and ______.

Back

goods; services

6.

FLASHCARD QUESTION

Front

Non-profit organizations provide social or educational services without ______ as their primary goal.

Back

profit

7.

FLASHCARD QUESTION

Front

Who invests money, develops the business idea, and gathers necessary resources in a business?

Back

Owners

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Microsoft

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Apple

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Others

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