Introduction to Business

Introduction to Business

9th Grade

25 Qs

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Introduction to Business

Introduction to Business

Assessment

Quiz

Social Studies

9th Grade

Practice Problem

Hard

Created by

John Robinson

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25 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

_______________ is the selling of products to another country.

Discounting

Importing

Exporting

Global exchange

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Shortly after graduating college, Roberto took his place in his family's company in Miami. Roberto's father and uncle started a company that buys bauxite, copper, and other minerals from Chile, and brings them into the U.S. Every day, Roberto brokers trades with mines in Chile. The company is in the _____________ business.

import

export

corporate

refining

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Advantages of this type of business include: selling stock to raise money, limited liability.

Sole Proprietorship

Partnership

Corporation

Franchise

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Advantages of this business type are that the owner is their own boss and gets to keep all the profits.

Partnership

Sole Proprietorship

Corporation

Franchise

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

A(n) _________ is someone who sets up a new business to make a profit.

monopoly

corporation

entrepreneur

anarchist

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What term describes a company that is authorized to operate as a legal person?

Proprietorship

Entrepreneur

Corporation

Partnership

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This type of business is a contractual agreement with a parent company to sell its products/services in an area.

Sole Proprietorship

Partnership

Corporation

Franchise

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