Which of the following are a good indicator of economic health and employ a significant percentage of the American workforce?

• Builders

• Manufacturers

• Traders

• Producers

Which of the following is NOT one of the modes of transportation distribution typically used?

• Waterways

• Trucks

• Railroads

• Cable

The focus of the maturity stage (stage 3) in the product life cycle is to build customer satisfaction and recognize competitors entering the market.

• True

• False

A system used to record, classify, summarize and report the financial position of a business is known as which of the following?

• Distribution

• Human resources

• Accounting

• Management

Which of the following is the goal of the finance department?

• Producing goods in the most efficient and cost-effective manner

• Determining the use of company resources and funds

• Motivating employees and focusing on cooperation within the business

• Setting prices high enough to make profit but low enough to attract customers

Intrinsic motivation occurs internally and includes enjoyment and accomplishment.

• False

• True

Which of the following is an example of a non-profit organization?

• ITT Technical Institute

• Salvation Army

• Beauty salon

• Amazon

Which type of business produces processed goods by changing raw goods into a more finished form?

• Service firms

• Processors

• Intermediaries

• Producers

According to the segment, how are businesses classified?

• Work activities the business performs

• Age of the company

• Profit level of the business

• Number of employees

Which of the following is NOT an example of a processor?

• Automobile factory

• Cotton mill

• Oil refinery

• Textile mill