WorksheetsBasic Business Vocabulary
Total questions: 20
Worksheet time: 15mins
Name
Class
Date
1.
People producing goods & services are called
a)
human resources
b)
natural resources
c)
capital resources
d)
limited resources
2.
If you start a new business, you need information about
a)
competitors
b)
government regulations
c)
customers
d)
all of these
3.
Executives spend most of their time on
a)
planning & controlling
b)
planning & organizing
c)
implementing, staffing, & controlling
d)
organizing & implementing
4.
The way a manager treats & involves employees is called
a)
entrepreneurship
b)
influence
c)
management style
d)
leadership
5.
Managers typically spend much of their time dealing with
a)
customers
b)
people from other organizations
c)
other managers in their own organizations
d)
all of these
6.
John, a customer service manager, has sent a memo to Brianne, one of his employees. This is an example of
a)
horizontal communication
b)
external communication
c)
vertical communication
d)
verbal communication
7.
The rivalry among businesses to sell their goods & services is known as
a)
competition
b)
entrepreneurship
c)
capitalism
d)
cornering the market
8.
Mission statements
a)
are the guidelines that direct employees' behavior
b)
describe the reason businesses exist & what they want to accomplish
c)
are written explanations of how specific business ideas will be carried out
d)
are the principles of conduct governing an individual or group
9.
Removing work from one company & sending it to another company that can complete it at a lower cost is called
a)
rightsizing
b)
downsizng
c)
freelancing
d)
outsourcing
10.
GDP does NOT include
a)
consumer spending for food
b)
the value of the work you do for yourself
c)
gov't spending to pay employees
d)
business spending for equipment
11.
Scrubbles laundry detergent has been on the market for years. The manufacturer recently added a new ingredient to give the detergent extra cleaning power. This is an example of an
a)
improvement
b)
invention
c)
innovation
d)
opportunity cost
12.
What you are selling is called?
a)
Product
b)
Price
c)
Place
d)
Promotion
13.
The actual cost of the product or service you are selling?
a)
Product
b)
Price
c)
Place
d)
Promotion
14.
Where the consumers can get the product?
a)
Price
b)
Place
c)
Promotion
d)
Product
15.
The activities a business uses to get consumers to buy their products or services.
a)
Product
b)
Promotion
c)
Place
d)
Price
16.
Extra incentives given to employees to keep them from working at another business.
a)
Salary
b)
Benefits
c)
Resume
d)
Interview
17.
This advertising technique uses celebrities or athletes to endorse products or services.
a)
Bandwagon
b)
Humor
c)
Celebrity Endorsement
d)
Call to Action
18.
This advertising technique uses celebrities or athletes to endorse products or services.
a)
Bandwagon
b)
Humor
c)
Celebrity Endorsement
d)
Call to Action
19.
Any paid form of nonpersonal communication that uses mass media to deliver a business's message to their target audience.
a)
Budgeting
b)
Management
c)
Marketing
d)
Advertising
20.
Any paid form of nonpersonal communication that uses mass media to deliver a business's message to their target audience.
a)
Budgeting
b)
Management
c)
Marketing
d)
Advertising
100 %
