Business Midterm Review Quiz

What are the four functions of business?

• Production, Marketing, Finance, Management

• Marketing, Management, Sales, Technology

• Accounting, Finance, Production, Sales

• Management, Technology, Production, Sales

What are the factors of production?

• Land, Labor, Capital, Entrepreneurship

• Land, Labor, Capital, Management

• Labor, Technology, Capital, Entrepreneurship

• Land, Management, Sales, Entrepreneurship

What are the four stages of the business cycle?

• Growth, Maturity, Decline, Renewal

• Expansion, Peak, Contraction, Trough

• Introduction, Growth, Maturity, Decline

• Boom, Recession, Depression, Recovery

Which countries make up NAFTA?

• United States, Mexico, Canada

• United States, Mexico, Spain

• United States, Canada, France

• Mexico, Canada, France

Based on the book, which countries are a trading partner of the EU?

• United States, China, Russia

• United States, Mexico, Canada

• China, India, Brazil

• Russia, India, Brazil

Define proprietorship.

Define partnership.

Define stock.

Define bond.

Define globalization.