WorksheetsFerg - CCHS - Biz Prin - Sept/Oct
Total questions: 50
Worksheet time: 25mins
Name
Class
Date
1.
Organizing within a business may include:
a)
Scheduling
b)
Tooling
c)
Washing
d)
Drawing
2.
A coach may be a:
a)
Leader
b)
Trainer
c)
Supervisor
d)
All of these
3.
A not-for-profit business is one which uses the money it makes to:
a)
Help the organization
b)
Become wealthy
c)
Spend at amusement parks
d)
Buy tickets to the movies
4.
A for-profit business makes money to:
a)
Increase the net worth
b)
Make the owners rich
c)
Pay employees
d)
All of these
5.
Seeing the "big picture" is called having ________ skills.
a)
Conceptual
b)
Technical
c)
Human
d)
Individual
6.
A person who passes on information to others by phone, in meetings, and by phone.
a)
Disseminator
b)
Figurehead
c)
Leader
d)
Counselor
7.
Organizations that promote certain types of businesses are:
a)
Trade associations
b)
A written document
8.
A written document that describes all the steps necessary in opening and operating a successful business is called a:
a)
Business plan
b)
Cover letter
c)
Memorandum
d)
Financial statement
9.
Financial statements based on projected revenues and expenses are:
a)
Pro forma financial statements
b)
The accountants bill
c)
Convention confirmation
d)
Scheduling error
10.
Items that a business offers to sell are:
a)
Products
b)
Services
c)
Comments
d)
Opinions
11.
Work that is performed by a business for a customer is a ______________
a)
Service
b)
Product
c)
Item
d)
Customer
12.
Weekly or monthly payments made by the owner of the franchise to the seller of the franchise are:
a)
Royalty fees
b)
Dividends
c)
Liabilities
d)
Values
13.
A business owned exclusively by one person is a:
a)
Sole proprietorship
b)
Partnership
c)
Corporation
d)
Equity
14.
Group of people who meet several times a year to make important decisions affecting the company are called the:
a)
Board of Directors
b)
Commissioners of Agency
c)
Presidential Forum
d)
Group of Investors
15.
A unit of ownership is a corporation is a:
a)
Share of stock
b)
Dollar
c)
Piece of the pie
d)
Dream
16.
A person who sells businesses for a living is a:
a)
Business broker
b)
Real estate agent
c)
Commercial buyer
d)
Agency director
17.
Fee the franchise owner pays in return for the right to run the franchise is the:
a)
Initial franchise fee
b)
Royalty fee
c)
Dividend
d)
Advertising fee
18.
A business owned by two or more people is a:
a)
Partnership
b)
S Corporation
c)
Sole Proprietorship
d)
Merchantile
19.
Distributions of profits to shareholders of corporations are:
a)
Dividends
b)
Stock
c)
Money
d)
Interest
20.
A legal agreement that gives an individual the right to market a company's products or services in a particular area is a:
a)
Franchise
b)
Business agreement
c)
Option to buy
d)
Option to sell
21.
A business with the legal rights of a person and which may be owned by many people is a:
a)
Corporation
b)
Partnership
c)
Sole Proprietorship
d)
Mom and Pop store
22.
This means "to set a business up as a corporation"..
a)
Incorporate
b)
Valuator
c)
Schedule
d)
Dividends
23.
Costs associate with beginning a business.
a)
Start-up costs
b)
Royalty fees
c)
Dividends
d)
Franchise fees
24.
An amount owed to others is a _________.
a)
Liability
b)
Equity
c)
Assets
d)
Ownership
25.
The most common form of business ownership in the United States is:
a)
Sole proprietorship
b)
Partnership
c)
Corporations
d)
Retail stores
26.
A company which makes products is a:
a)
Manufacturer
b)
Retailer
c)
Wholesaler
d)
Distributor
27.
A business which sells products to customers is a:
a)
Retail business
b)
Wholesale business
c)
Ebay business
d)
Distribution business
28.
A business which delivers products to a retail store is a:
a)
Distributor
b)
Servicer
c)
Wholesaler
d)
Seller
29.
A company which makes tires is a:
a)
Manufactuer
b)
Supplier
c)
Retailer
d)
Customer
30.
An advertising agency is a type of:
a)
Service company
b)
Wholesale company
c)
Buyer
d)
Seller
31.
A business that keeps all the money it makes is a:
a)
For-profit business
b)
Not-for-profit business
c)
Bankrupt
d)
Corporation
32.
A person who works for themselves and owns the business is called an:
a)
Entrepreneur
b)
Customer
c)
Supplier
d)
Buyer
33.
An evaluation of your strengths and weaknesses is done within a:
a)
Self assessment
b)
Self portrait
c)
Self image
d)
Self respect
34.
The ability to learn a particular job or skill is called:
a)
Aptitude
b)
Solidarity
c)
Ignorance
d)
Maturity
35.
People who work for someone else are called:
a)
Employees
b)
Employers
c)
Supervisors
d)
Managers
36.
A business which gives all proceeds back to the company in order to help others is a:
a)
Non-profit
b)
Retail store
c)
Corporation
d)
Restaurant
37.
A non-financial goal might be a goal of having:
a)
Pride in your work
b)
A million dollars
c)
A huge mansion
d)
Trouble calling someone
38.
A short written form of business communication that has a set format is a:
a)
Memorandum
b)
Business letter
c)
Personal letter
d)
Interoffice memo
39.
A message from one person in a company to another is an:
a)
Interoffice memo
b)
Business letter
c)
Personal note
d)
Email
40.
Marketing plan involving tv, radio, or any other large group of customers.
a)
Mass marketing
b)
Target market
c)
Optional market
d)
Mass media
41.
Individuals or companies that are interested in a particular product or service and are willing and able to pay for it.
a)
Target market
b)
Customer profile
c)
Secondary data
d)
Demographics
42.
This uses the needs of customers as the primary focus during planning, production, distribution, and promotion of a product or service.
a)
Marketing concept
b)
Target market
c)
Economic want
d)
Market segment
43.
People who purchase products and services.
a)
Customers
b)
Merchandisers
c)
Focus group
d)
Owners
44.
Data describing a group of people in terms of their age, marital status, family size, ethnicity, gender, profession, education and income.
a)
Demographics
b)
Psychographics
c)
Image
d)
Photo
45.
Anything a person requires to live.
a)
Economic need
b)
Economic want
c)
Gift
d)
Purchase
46.
Information collected the very first time -- usually it is released verbally.
a)
Primary data
b)
Secondary data
c)
Optional data
d)
Permanent data
47.
Groups of customer within a large market who share common characteristics.
a)
Market segment
b)
Demographics
c)
Marketing concept
d)
Mass marketing
48.
Data found in third party already published sources.
a)
Secondary data
b)
Primary data
c)
Optional data
d)
Specific data
49.
A description of the characteristics of the person or company.
a)
Customer profit
b)
Target market
c)
Focus segment
d)
Economic want
50.
An interview with groups of target customers who provide valuable ideas on products or services.
a)
Focus group
b)
Economic want
c)
Secondary data
d)
Target market
100 %
