WSSC BM U1 Chapter 1: Introducing business

A __________________  is an organisation that provides goods and/or services to consumers to make a profit.

• business
• entreprenuer
• stakeholder
• market share

A business makes a _______________ when the income earned (revenue) is greater than the costs of production (expenses).

• objective
• economy
• profit
• return on investment

The Salvation Army is an example of a ________________________ organisation.

• For profit
• Not for profit

A ________________________ is a set of ethical standards by which managers and employees should abide.

• policy
• code of conduct
• objective
• business ethics

_________________________ are the people that work for the business.

• employer
• employees
• stakeholders
• customers

______________________ are those that are ready for customers to buy and use.

• Finned goods
• Finnish goods
• Finished goods
• Fried goods

A __________________________ corporation (sometimes referred to as a transnational corporation) is a company that has branches in many different countries.

• small business
• corporation
• multinational corporation
• medium business

A _____________________________  is a general guide to help employees deal with recurring situations.

• policy
• procedure

A _________________________ is any group or individual who has an interest in, or is affected by, the activities of a business.

• Shareholder
• Stakeholder
• Steakholder
• Stubbyholder

An ___________________________ is a system set up to determine what to produce, how to produce and to whom production will be distributed.

• economist
• economic
• economy