Business Characteristics (BMF)

Which type of business develops products for distribution from raw goods?

• Processors

• Producers

• Manufacturers

• Intermediaries

What are materials derived from natural resources called?

• Processed goods

• Raw goods

• Manufactured goods

• Finished goods

Which type of business changes raw goods into a more finished form?

• Producers

• Intermediaries

• Processors

• Service Firms

What is the role of intermediaries in business?

• Developing products from raw goods

• Changing raw goods into finished goods

• Moving finished goods from one business to another

• Providing services to consumers

Which type of business provides services to consumers and other businesses?

• Service Firms

• Producers

• Processors

• Manufacturers

What is the primary source of operation for non-profit organizations?

• Selling goods

• Donations, volunteers, and philanthropists

• Manufacturing products

• Providing raw materials

Which department is responsible for maintaining the employment process and developing staff?

• Management

• Accounting

• Human Resources

• Service Firms

What does Maslow’s Hierarchy of Needs express?

• The process of recording financial transactions

• The needs of people in levels

• The process of reaching company goals

• The process of working together in groups

What is the process of effectively working together in group settings called?

• Management

• Cooperation

• Accounting

• Processing

Which department is responsible for reaching a company’s goals and objectives by utilizing its resources?

• Human Resources

• Accounting

• Management

• Service Firms