6 Functions of Business

6 Functions of Business

7th Grade

11 Qs

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6 Functions of Business

6 Functions of Business

Assessment

Quiz

Computers

7th Grade

Hard

Created by

Shadava Jackson

Used 11+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Collecting money from customers, paying taxes, and processing payroll checks are all classified as which type of function?

Accounting

Human Resources

Information Technology

Operations

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Promoting, distributing, and pricing products are all classified as which type of function?

Accounting

Human Resources

Management

Marketing

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an advantage of a franchise over a sole proprietorship?

Franchisees can sell stock to start up the business.

Franchisees do not have to work in the business.

Parent company provides training and support to franchisee.

Parent company will pay all of the franchisee's start up costs.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Corporations are easier to start.

Corporations do not require a charter

Corporations provide limited owner liability.

Corporations provide lower owner taxes.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are a franchise and a sole proprietorship alike?

Can sell stock to raise money

Easy to start the business

Owner keeps all profits

Require a contract to start

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When comparing the four main business types, which has the most risk and rewards for an individual?

Corporation

Franchise

Partnership

Sole proprietorship

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When comparing the four main types of businesses, which has the BIGGEST DISADVANTAGE when it comes to paying taxes?

Corporation

Franchise

Sole Proprietorship

Partnership

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