Business Characteristics - Final Assessment

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

• Intermediaries

• Service firms

• Processors

• Producers

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

• Beauty salon

• Salvation Army

• ITT Technical Institute

• Amazon

The employment process is carried out by which department?

• Marketing

• Distribution

• Management

• Human resources

A system used to record, classify, summarize and report the financial position of a business is known as which of the following?

• Management

• Distribution

• Accounting

• Human resources

Which of the following is the goal of the finance department?

• Setting prices high enough to make profit but low enough to attract customers

• Motivating employees and focusing on cooperation within the business

• Producing goods in the most efficient and cost-effective manner

• Determining the use of company resources and funds

Which of the following is NOT one of the modes of transportation distribution typically uses?

• Cable

• Railroads

• Trucks

• Waterways