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TSA Study Guide Standard 1 Business Management

Authored by Christine Garcia

Business

11th Grade

Used 3+ times

TSA Study Guide Standard 1 Business Management
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26 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a business owned and operated by one person called?

Partnership

Corporation

Sole Proprietorship

LLC

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business owned by two or more people who share profits and responsibilities is known as a ______.

Corporation

Partnership

Nonprofit Organization

Sole Proprietorship

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the obligation of businesses to contribute positively to society?

Business Cycle

Social Responsibility

GDP

Stakeholders

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total value of goods and services produced within a country is known as ______.

CPI

GDP

Business Cycle

Board of Directors

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a business structure where two or more individuals share ownership and responsibilities?

Corporation

Partnership

Sole Proprietorship

Franchise

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

________ leadership involves employees in decision-making and encourages teamwork.

Autocratic

Democratic

Laissez-faire

Transformational

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a task related to real-world application in business?

Create a marketing plan

Develop a budget plan for a startup company, including forecasted expenses and revenue

Design a new product

Write a business proposal.

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