Unit 4: Types of Business and Law Study Guide

How many businesses began in a spare bedroom or garage.

• 1 out of 3

• 2 out of 3

• 50%

• 1 out of 4

A business that is on the go and operates at different locations in a specific market is known as a __________.

• Mobile Business

• Online Business

• Retail Business

• Commerce

Real estate intended for use by businesses, such as offices, shopping malls, service stations, and restaurants.

• Commercial Area

• Residential Area

• Industrial Park

• Industrial Zone

An area zoned for industrial use usually near highways, railroads, airports, and ports.

• Commercial Area

• Residential Area

• Industrial Park

• Industrial Center

Describes pedestrian visitors to a business or commercial site.

• Site Traffic

• Foot Traffic

• Shoppers

• Commercial Zone

Tenant pays a fixed agreed-upon amount per month for rent.

• Triple Net Lease

• Fixed Rate Lease

• Percentage Lease

• Calculated Interest Lease

Bob the landlord has informed Mary of the proposed lease agreement. It will be based on how much she sells per month in the store. This is known as a _______________.

• Triple Net Lease

• Fixed Rate Lease

• Percentage Lease

• Calculated Interest Lease

Tony the landlord has told Joe the tenant that he will be responsible for the rent plus 3 other costs per month. This is known as a _______________.

• Triple Net Lease

• Fixed Rate Lease

• Percentage Lease

• Calculated Interest Lease

The way in which the business arranges merchandise or service areas.

• Workstation

• Workflow

• Layout

• Planned Workstations

An area in a business that is set up with equipment for a single worker.

• Workstation

• Workflow

• Layout

• Planned Workstations