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What is a Business Warm Up

What is a Business Warm Up

Assessment

Flashcard

Business

11th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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28 questions

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1.

FLASHCARD QUESTION

Front

A business is:

Back

an organization that provides goods or services to earn a profit

2.

FLASHCARD QUESTION

Front

The different types of business structures include which of the following? Sole proprietorship, partnership, corporation, and limited liability company (LLC)

Back

Sole proprietorship, partnership, corporation, and limited liability company (LLC)

3.

FLASHCARD QUESTION

Front

Profit and non-profit organizations are distinguished by which of the following characteristics?

Back

Profit organizations aim to earn profits, while non-profit organizations aim to serve a social cause.

4.

FLASHCARD QUESTION

Front

The role of innovation in business is to:

Back

Drive growth and competitiveness

5.

FLASHCARD QUESTION

Front

The role of ethics in business is to:

Back

Guide decision-making and promote trust

6.

FLASHCARD QUESTION

Front

What is the main purpose of a business?

Back

To provide goods or services to consumers in exchange for money

7.

FLASHCARD QUESTION

Front

Fill in the blank: ______ is a type of business.

Back

Partnership

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