Types of Businesses

Which function of business involves money?

• Accounting

• Marketing

• Operations

• Human Resources

Marketing involves.....

• Giving employee benefits

• Completing necessary paperwork

• Promoting the business

• Keeping records of business transactions

What does HR stand for?

• Human Respect

• Home Resource

• Human Robin

• Human Resources

A combination business combines which two types of business.

• profit and product

• service and non-profit

• product & non-profit

• profit & service

A basketball goal is an example of a(n)

• good

• service

• production

• need

Which type of business involves stocks?

• partnership

• sole proprietorship

• corporation

• franchise

An advantage of a sole proprietorship is...

• Owner must pay for everything

• Unlimited liability

• Owner might lack business skills

• Owner keeps all profits

Which company is an example of a franchise?

• Apple

• Burger King

• Nike

• Yesterday's Music

How should money be spent in a non-profit business?

• On yourself

• For the purpose of the business

• For unknown business expenses

• To pay your volunteers

Profit-making businesses strive to make...

• more revenue than expenses

• more expenses

• less revenue

• less revenue than expenses