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WorksheetsModule 1 Review
Total questions: 22
Worksheet time: 11mins
Name
Class
Date
1.
The
activities that deal with the hiring, firing, training and other personnel
(employee) issues.
a)
Accounting
b)
Management
c)
Operations
d)
Human Resources
2.
Businesses such as barber shops, dry cleaners, and car repairs provide what?
a)
Goods
b)
Goods and Services
c)
Services
d)
Nothing
3.
The activities involved in the day-to-day running of a business for the
purpose of producing value for the stakeholders.
a)
Operations
b)
Human Resources
c)
Marketing
d)
Management
4.
The
process of developing, installing, and implementing computer information
systems and applications. IT includes
the support and maintenance of computer hardware and software.
a)
Management
b)
Marketing
c)
Information Technology
d)
Operation
5.
The
process of creating, promoting, and presenting a product to the consumers.
a)
Accounting
b)
Management
c)
Marketing
d)
Human Resources
6.
|
The
process of leading and directing all or part of an organization |
a)
Accounting
b)
Management
c)
Marketing
d)
Operations
7.
The
process of recording and reporting the financial data for a business.
a)
Accounting
b)
Management
c)
Marketing
d)
Information Technology
8.
A
business considered separate from the owners of the business by law. The owners are the stockholders.
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
9.
Hiring, firing and managing company benefits are all part of which business function?
a)
Information Technology
b)
Marketing
c)
Human Resources
d)
Operations
10.
A
business owned by two or more people.
a)
Sole Proprietorship
b)
Partnership
c)
Franchise
d)
Corporation
11.
What is the difference between wants and needs?
a)
Needs are goods, wants are services
b)
Needs are necessary for survival, wants are nice to have
c)
Needs are nice to have, wants are necessary for survival.
d)
Needs are services, wants are goods.
12.
A
business owned by only one person.
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
13.
A
person who uses goods or services.
a)
Consumer
b)
Merchant
c)
Proprietor
d)
Partners
14.
Tasks
that businesses perform or provide for customers, such as haircuts and car
washes.
a)
Needs
b)
Wants
c)
Goods
d)
Services
15.
|
Items
businesses sell that can be physically weighed or measured, such as iPods and
CDs. |
a)
Needs
b)
Wants
c)
Goods
d)
Services
16.
Which type of business protects the owner the MOST?
a)
Sole Proprietorship
b)
Partnership
c)
Franchise
d)
Corporation
17.
Items
that would be nice to have, but are not necessary.
a)
Needs
b)
Wants
c)
Goods
d)
Services
18.
Items necessary for
existence, such as clothing, food, and shelter.
a)
Needs
b)
Wants
c)
Goods
d)
Services
19.
Contest between businesses
to win customers' business and loyalty
a)
Economy
b)
Consumers
c)
Competition
d)
Services
20.
|
A person's incentive to
work to gain something for himself or herself (that is to make money). |
a)
Greed
b)
Needs
c)
Profit Motive
d)
Wants
21.
Maintaining email accounts, installing software applications, and maintaining hardware are which type of business function?
a)
Accounting
b)
Information Technology
c)
Operations
d)
Human Resources
22.
Money
that remains after a business has paid for the expenses of running the business.
a)
Profit
b)
Income
c)
Savings
d)
Cash
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