Purpose of Business Quiz

What is one of the main purposes of businesses?

• To fulfill the needs and wants of consumers

• To create new technologies

• To provide entertainment

• To educate the public

Fill in the blank: Consumers use ______ and services.

• goods

• products

• items

• commodities

Which of the following is an example of a service provided by businesses?

• Clothing

• Cars

• Hairdresser

• Computers

Fill in the blank: Businesses sell goods, services, or both to ______.

• consumers

• producers

• investors

• employees

The profit motive in starting a business is:

• To provide employment opportunities

• To fulfill a personal passion

• To generate financial gain

• To create a social impact

What is one of the functions of business related to accounting? Fill in the blank: ________ bills.

• Process

• Manage

• Ignore

• Create

What is one of the functions of business related to accounting? Fill in the blank: Preparing employee ________ checks.

• Preparing employee payroll checks.

• Preparing employee travel checks.

• Preparing employee bonus checks.

• Preparing employee inventory checks.

What is one of the functions of management in a business?

• Ensuring the organization meets its goals and obligations

• Ignoring the organization's goals

• Disregarding resources

• Avoiding teamwork

What are the four P's of marketing?

• Product, Price, Place, Promotion

• Product, Price, People, Process

• Product, Price, Position, Packaging

• Product, Price, Planning, Performance

Which of the following is not one of the four P's of marketing?

• Product

• Price

• Placement

• Planning