Modified Business Terms Quiz 1

What is the Better Business Bureau?

• A group that helps people when they have problems with a business

• A group that helps people with their taxes

What is a 'C' Corporation?

• A small business owned by a single person

• A big business that's like its own person, and many people can own a piece of it

What is Acquisition in business terms?

• Getting something new, like when a business buys another business

• Merging with a competitor

What are Assets in business terms?

• Stuff that a business or person owns and is valuable

• The expenses of running a business

What is Dual/Double Taxation in business?

• When a business is taxed based on its number of employees

• When a business is taxed twice on its profits

What is Commission in business terms?

• A little bit of money you get when you help sell something

• A bonus given to employees for good performance

What is Consolidation in business?

• The process of diversifying a business

• The process of getting even bigger by acquiring smaller companies

What is a Corporation in business terms?

• A type of business that only operates online

• A big business owned by lots of people

What is Capital in business terms?

• The profits made by a business

• The important things a business owns

What is a Business-format Franchise?

• A special way a business works where one company helps another one a lot

• A type of business that only operates online