Introduction to Business

What is the term for all of the activities involved in developing and exchanging goods and services?

• Jobs

• Sports

• Business

• Work

What is any activity related to making a product, which can be a good, a service, or an idea?

• Finance

• Production

• Management

• Marketing

What is the function of business that includes all activities involving money?

• Marketing

• Production

• Finance

• Management

What is the dynamic activities that identify, anticipate, and satisfy customer demand while making a profit called?

• Production

• Management

• Finance

• Marketing

What is the function of business that controls and makes decisions about a business?

• Finance

• Management

• Production

• Marketing

A business owned by one person?

• corporation

• partnership

• sole proprietorship

A relationship between two or more people who join to create a business is called?

• sole proprietorship

• corporation

• partnership

A business that is legally separate from its owners and has most of the legal rights of an actual person is called?

• partnership

• corporation

• sole proprietorship

• An organization that is an entity that exists to serve some public purpose is a?

• for-profit

• non-profit