Business Types and Functions

Business Types and Functions

9th - 11th Grade

15 Qs

quiz-placeholder

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Business Types and Functions

Business Types and Functions

Assessment

Quiz

Business

9th - 11th Grade

Practice Problem

Hard

Created by

PAUL ADAMS

Used 173+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

This type of business takes processed goods and creates finished products

Processor

Intermediary

Manufacturer

Wholesaler

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Wholesaler businesses...

Usually sell goods directly to consumers

Gather raw goods from natural resources

Make finished products from processed goods

Buy large quantities of goods and sell them in smaller amounts to retailers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Handling money, paying bills, and creating statements and reports regarding money involves the ___________ function of business.

Finance and accounting

Management

Marketing

Production and procurement

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Businesses that buy goods, store them, and resell them are...

Intermediaries

Manufacturers

Processors

Wholesalers

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

ABC Company extracts oil from the ground and sells it to other companies to be processed. It is an example of a

Manufacturer

Intermediary

Producer

Retailer

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This function of business involves creating, expanding, manufacturing, or improving goods and services.

Production

Procurement

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This business is an example of a retailer

Carrier who assembles parts to create AC units

REI who sells outdoor goods to consumers

Merry Maids who provide house cleaning services

Dunder Mifflin who buy large quantities of paper and sell it to other businesses in smaller quantities

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