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Introduction to Business

Authored by John Robinson

Social Studies

9th Grade

Introduction to Business
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15 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Nike, Google and Apple are examples of.....

Sole Proprietorships

Partnerships

Corporations

Franchises

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Advantages of this business include: easier to get money from the bank to start, share skills and share risks.

Sole Proprietorship

Partnership

Corporation

Franchise

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When comparing the four main types of business organization, which type protects owners the MOST from personal financial liability due to being sued by a customer?

Corporation

Franchise

Partnership

Sole proprietorship

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Business that buys large quantity of goods from various producers, warehouses them and resells to retailers

social responsibility

producer

service

wholesaler

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Individual or organization that determines what products and services will be available for sale

social responsibility

producer

service

wholesaler

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Items bought to be used in a business to help create other goods or services

Consumer Good

Raw Good

Industrial Good/Capital Good

Service

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary goal of a business in a capitalist economy?

A) To provide jobs

B) To maximize profits

C) To support community projects

D) To innovate new products

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