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Business terminology

Authored by Isaac Otero

Professional Development

12th Grade

Used 7+ times

Business terminology
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7 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

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What is a business?

A decision-making organization involved in the process of generating monthly expenses.

A decision-making organization involved in the process of using outputs to produce goods or provide a service.

A decision-making organization involved in the process of using inputs to produce goods or provide a service.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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The best definition for the term "Turnover" is __________________.

The rate at which employees leave a workplace and then are replaced

The rate at which employees leave a workplace and then are not replaced

The rate at which employers leave a workplace and then are replaced

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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The best definition for the term "Customer" is__________________.

Any person or organization who uses a product and produce goods.

Any person or organization who buys a product or get a service

Any person or organization who starts a new business

4.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

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The best definition for the term "B2C" is _______________.

It is a form of legal transaction between a business and a company

It is a form of legal transaction between a business and a corporation

It is a form of legal transaction between a business and a customer

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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The best definition for the term "Brand" is _________________.

A type of product manufactured by a particular company but under an existing name

A type of product manufactured by a particular company and under a particular name

A type of product manufactured by a particular company but without a name

6.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

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Identify and choose the correct business term

Limit hour

Deadline

Deadpool

Limitless

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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Delivery

Payment

Inventory

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