YE Unit 1 Test Review

sell products to people other than the final customer

• Manufacturing

• Wholesale

• Retail

• Service

Who started Standard Oil in the 19th century and became the richest man in America?

• Thomas Edison

• Henry Ford

• Jeff Bezos

• John D Rockefeller

The vast majority of businesses in the US are small businesses that employ __ or fewer people.

• 20

• 15

• 50

• 75

What is aptitude?

• an evaluation of your strengths and weaknesses

• evaluation of your interests

• your ability to learn a certain time of job

• your level of enthusiasm

A carefully researched business idea that can earn a profit

• Idea

• opportunity

• brainstorm

• Google

Which of the below are places to find business opportunities?

• Small Business Administration

• Trade Shows

• All of these

• County Business Patterns

What does the T in smart goals stand for?

• Tremendous

• Talent

• Teamwork

• Timely

The most common form of business writing

• Memo

• Business Letter

• Business Proposal

• Business Statement

What is a record of the fact that a buyer has placed an order with a company.

Blazers is going to markup their hamburgers 20%. They are currently sold for $5.00. What is their new selling price?

• $1.00

• $6.00

• $6.50

• $7.00