POB Chapter 5.1 Review

About what percent of US businesses employ 100 or more workers?

• 35%

• less than 1 %

• 5%

• 20%

The largest number of U.S. businesses employ

• no employees other than the owner

• between 10 and 20 people

• between 50 and 100 people

• more than 100 people

Which of the following is not one of the common activities of all businesses?

• employing and training personnel

• marketing good and services

• maintaining business records

• producing good and services

A retailer is an example of a(n)

• intermediary

• producer

• service business

• extractor

Which of the following is not a producer?

• chicken farm

• coal mine

• appliance factory

• pharmacy

Business activities start from

• service businesses

• intermediaries

• producers

• marketers

Which major category of businesses is the fastest growing in the us economy

• producer

• service business

• manufacturer

• intermediary

All businesses make products.

• true

• false

Business that takes resources from nature for direct consumption is a specific producer called a(n)

• Manufacturer

• Corporation

• Extractor

• Intermediary

_____ refers to the activities directed at providing the goods and services wanted by a business’ customers.

• Manufacturing

• Marketing

• Accounting

• Financing