Business Characteristics

Which of the following is an example of a non-profit organization?

• Salvation Army

• Amazon

• Beauty Salon

• Walmart

Amount of capital invested by owners

• assets

• liabilities

• owner's equity

• financial statements

Debts or obligations of a business

• assets

• liabilities

• owner's equity

• financial statements

Which of the following is NOT a step of the employment process in Human Resources?

• assess employment needs

• recruit potential employees

• select employee who fulfills goals

• negotiate salary and benefits of new hires

Why is the Finance and Accounting department important to a business?

• controls hiring decisions

• businesses cannot exist without cash flow

• focuses on the worth of the company

• controls the human resources department

Which of the following is NOT a responsibility of the Finance department?

• establishing external relations

• creating a financial plan

• obtaining needed funds

• managing the use of the company funds

Which of the following is a source of funding?

• investors

• selling stocks

• borrowing funds

• all of these

Which of the following is NOT a role of production and distribution in a company?

• facilities

• processing

• people

• marketing

Which of the following is NOT a stage of the product life cycle?

• introduction

• growth

• evaluation

• maturity

Which of the following is NOT one of the modes of transportation distribution typically uses?

• cable

• railroads

• trucks

• waterways