Test 1- Business Mgmt

Which of the following is an example of a service firm?

• Police department

• real estate agency

• Dell computers

• Amazon

Which of the following is an example of a producer?

• Landscape company

• Farmer

• Juice factory

• Cotton mill

Which of the following is NOT a level of Maslow’s hierarchy of needs?

• Safety

• Personal interest

• Self-esteem

• Self-actualization

Which of the following is NOT a function of management?

• Planning

• Organizing

• Leading

• Analyzing

Items of value owned by a business are known as which of the following?

• Bonds

• Owner’s equity

• Liabilities

• Assets

debts or obligations of a business are known as which of the following?

• Bonds

• Owner’s equity

• Liabilities

• Assets

Which of the following is NOT a responsibility of the Finance department?

• Establishing external relations

• Creating a financial plan

• Obtaining needed funds

• Managing the use of company funds

Which of the following is NOT a component of the marketing mix?

• Perception

• Promotion

• Price

• Product

Which type of business produces processed goods by changing raw goods into a more finished form?

• Producers

• Processors

• Service firms

• Intermediaries

Which of the following is an example of a non-profit organization?

• Amazon

• ITT Technical Institute

• Salvation Army

• Beauty salon