Intro to Business - Chapter 5

Intro to Business - Chapter 5

9th - 12th Grade

25 Qs

quiz-placeholder

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Intro to Business - Chapter 5

Intro to Business - Chapter 5

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Easy

Created by

Lucas Grossnicklaus

Used 2K+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Every business performs all of the following activities EXCEPT:

maintaining business records

manufacturing products

raising capital

buying goods and services

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which major category of business is the fastest-growing in the U.S. economy?

producer

manufacturer

intermediary

service business

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Proprietorships:

are owned and controlled by two or more people

account for the largest % of business revenues in the U.S.

are the easiest form of business to start

protect the liability of business owners for investment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Of the MAJOR forms of business ownership in the U.S., the most difficult to form is a:

Partnership

Franchise

Corporation

Proprietorship

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would typically NOT be specified in a partnership agreement?

the business name

the number of hours per week the business will operate

the amount of investment of each partner

the level of authority each partner has

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A written legal document defining ownership and operating procedures for a corporation are:

corporate code of ethics

partnership agreement

articles of confederation

articles of incorporation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A precise statement of results a business expects to achieve is a:

mission statement

goal

policy

procedure

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