Business Characteristics Exam Review

How are businesses classified?

• Number of employees
• Work Activities the business performs
• age of the company
• Profit level of the business

Which of the following is an example of a producer?

• Cotton mill
• Juice Factory
• Mine
• Landscape company

Which of the following is NOT an example of a processor? 

• Cotton mill
• automobile factory
• oil refinery
• textile mill

Which of the following is an example of a service firm? 

• Cotton mill
• juice factory
• mine
• landscape company

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

• Beauty Salon

• Good Shepard Mission

• Amazon

• Walmart

Which type of business produces processed goods by changing raw goods into a more finished form? 

• Processors

• Intermediaries

• Non-Profit Organizations

• Service Firms

Amazon would be an example of which type of business?

• Processor

• Non-Profit Organization

• Intermediaries

• Manufacturer

Lone Star Car Wash would (primarily) be an example of which type of business?

• Processors

• Intermediaries

• Non-Profit Organizations

• Service Firms

Which type of business would you be most interested in owning or working for?

• producers

• manufacturers

• intermediaries

• service firms

• non-profit organizations

What is another word for Intermediaries (type of Business)

• Mediator

• Producer

• Middleman

• Process