Business Essentials 2.01 Quiz

Farms, mines, and lumber companies are examples of...

• builders

• manufacturers

• trade industries

• raw-goods producers

The two main divisions of the trade industry are...

• producers and retailers

• manufacturers and wholesalers

• wholesalers and retailers

• wholesalers and producers

What do service businesses sell?

• Retail merchandise

• Raw goods

• Wholesale merchandise

• Intangible activities

A socially responsible business will attempt to give customers...

• lower quality products at reduced prices

• high-quality products at high prices

• the best products at the best prices

• the best products no matter what they cost

A company that transforms cotton into wearable clothing is considered a...

• raw-goods producer

• manufacturer

• service business

• builder

The connection between the social responsibility of a business and the community in which the business operates is that the business's social responsibility __________ the community.

• depends upon

• targets only

• targets the area outside

• has an effect on

A producer is someone who...

• sells products

• is very creative

• makes things

• employs others

A large retailer feels that it has a duty to contribute to the well-being of society, so it donates a portion of its proceeds to a charity that helps the environment. The retailer is demonstrating...

• social responsibility

• wholesaling

• voluntary chains

• e-tailing

Emilia works for a company that constructs houses and business facilities. Which type of producer does she work for?

• A builder

• A raw-goods producer

• A manufacturer

• A trade industry

Social responsibility should be part of the objectives of __________ businesses.

• all

• nonprofit

• government

• specialized