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Chapter 3-Business Basics

Authored by Linda Ciccatelli

Business

12th Grade

33 Questions

Used 34+ times

Chapter 3-Business Basics
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The difference between the income earned and expenses incurred by a business during a specific period of time.

unit of value

monopoly

profit

wage

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the five properties of money?

Stability, recognizability, divisibility, portability, visability

Stability, recognizability, divisibility, portability, and durability

Divisibility, portability, and durability, walkability, visability

Divisibility, portability, and durability, development, decline

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the four functions of business?

product, price, place, promotion

marketing, social media, advertising, promotion

finance, accounting, social media and development

production, finance, marketing, and management

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a business owned by one person

partnership

LLC

corporation

sole proprietorship

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the relationship between two or more people who join to create a business

partnership

corporation

sole proprietorship

LLC

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Activities involved in developing and exchanging goods and services.

marketing

business

finance

management

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business that is legally separate from its owners and has most of the legal rights of an actual person.

Management

LLC

Sole Proprietorship

Corporation

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