7th Grade Review 1

Which function of a business makes sure that the organization meets its goals and obligations in every department?

• Information Technology
• Management
• Human Resource
• Operations

Which function of a business maintains computer hardware and software?

• Information Technology
• Operations
• Accounting
• Marketing

Which function of a business prepares advertisements for TV, Radio, Newspapers, and websites?

• Human Resources
• Accounting
• Marketing
•  Information Technology

Hiring, firing, and managing the company benefits and educational opportunities for employees are all classified as which type of function?

• Accounting
• Human Resources
• Information Technology
• Operations

How is a corporation different from a sole proprietorship or partnership?

• Corporation has only one or two owners.
• Corporation is usually owned by one person.
• Corporation requires a legal charter to start.
• The owners of the corporation control the business.

When comparing the four main types of business organizations, which type protects owners the most from personal financial liability due to being sued by a customer?

• Corporation
• Franchise
• Partnership
• Sole Proprietorship

What is a personal characteristic of a successful entrepreneur who is not afraid to ask questions to solve problems?

• Persistent
• Creative
• Responsible
• Inquistive

What type of business provides a service but does not make a profit while doing it?

• Non-profit
• For-profit
• Franchise
• Corporation

What type of business is owned by many people called stockholders and are treated by law as one person?

• Sole Proprietorship
• Partnership
• Franchise
• Corporation

What is a personal characteristic of a successful entrepreneur who is accountable for his or her actions?

• Persistent
• Creative
• Responsible
• Inquisitive