
Intro Chapter 4 Review
Quiz
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
Nicole Clifford
Used 6+ times
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35 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A(n) ____ business is an organization that generates revenue.
consumer
for-profit business
collective
union
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A(n) ____ exists to serve some public purpose.
company
union
not-for-profit organization
collective
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
____ are businesses that use supplies from other producers to make products.
Assemblers
Factories
Manufacturers
Extractors
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A business that purchases large quantities of products directly from producers and sells the products in smaller quantities to retailers is a ____.
wholesaler
middle-man
store
company
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
In a private enterprise system, ____ directly provide consumers with products that meet their needs and wants.
service business
wholesaler
retailers
stores
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A ____ is the simplest and most common form of business ownership.
corporation
partnership
store
proprietorship
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A ____ is an association of two or more persons who co-own a business with the objective of earning a profit.
store
partnership
proprietorship
company
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