POB - Chapter 5

POB - Chapter 5

10th - 12th Grade

20 Qs

quiz-placeholder

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POB - Chapter 5

POB - Chapter 5

Assessment

Quiz

Business

10th - 12th Grade

Medium

Created by

Renni Diez

Used 16+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Most U.S. businesses are quite SMALL.

True
False

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What is the MOST IMPORTANT role in that businesses play in the U.S. economy?

create jobs
create goods and services to be sold
pay taxes
make people feel important

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

________ takes resources from nature such as coal, oil.

Manufacturers
Intermediaries
Farmers
Extractors

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

__________ get supplies from other producers and convert them into products.

Extractors
Farmers
Manufacturers
Retailers/Wholesalers

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Retailers carry out activities for consumers rather than selling products.

True
False

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

All of the following are examples of specialized intermediaries, EXCEPT:

transportation companies
storage centers
advertising agencies
Walmart

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Double-taxation occurs in which type of business ownership?

proprietorship
partnership
corporation
franchise

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