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WorksheetsIntro to Business Chapter 6
Total questions: 30
Worksheet time: 15mins
Name
Class
Date
1.
Ocean spray is an example of a cooperative.
a)
True
b)
False
2.
What type of organization focuses on providing a service, but not to make a profit?
a)
non profit
b)
franchise
c)
cooperative
d)
corporation
3.
A firm that turns corn into vegetable oil is called a(n) __________
a)
agribusiness
b)
manufacturer
c)
intermediary
d)
processor
4.
A processor changes raw materials into a __________ product.
a)
consumer
b)
natural
c)
more finished
d)
wholesale
5.
Processed goods are turned into finished products by a _________.
a)
fabricator
b)
manufacturer
c)
finisher
d)
processor
6.
A business that moves goods from one business to another is called a(n)
a)
distributor
b)
transporter
c)
intermediary
d)
wholesaler
7.
The buying and selling of goods that have already been produced is called _________.
a)
distribution
b)
procurement
c)
marketing
d)
production
8.
The process of achieving company goals by planning, organizing, directing, controlling, and evaluating the effective use of resources is called _______.
a)
administration
b)
management
c)
leadership
d)
supervision
9.
Maintaining and checking records, handling bills, and preparing financial reports for a business is called __________.
a)
accounting
b)
finance
c)
auditing
d)
management
10.
__________ is the process of planning, pricing, promoting, selling, and distributing ideas, goods, and services.
a)
marketing
b)
management
c)
accounting
d)
finance
11.
What type of business is owned and operated by its members?
a)
nonprofit
b)
franchise
c)
cooperative
d)
sole proprietorship
12.
What is Taco Bell an example of?
a)
sole proprietorship
b)
partnership
c)
franchise
d)
cooperative
13.
Who purchases goods from a wholesaler and sells them to consumers?
a)
retailer
b)
manufacturer
c)
producer
d)
wholesaler
14.
What is the business or art of money management?
a)
accounting
b)
finance
c)
marketing
d)
production
15.
Which type of business is subject to double taxation?
a)
corporation
b)
cooperative
c)
partnership
d)
franchise
16.
Which one is not one of the three main types of business organizations?
a)
sole proprietorship
b)
partnership
c)
franchise
d)
corporation
17.
This type of business is owned by one person.
a)
partnership
b)
corporation
c)
sole proprietorship
d)
cooperative
18.
This type of business does not end if the owner dies.
a)
corporation
b)
partnership
c)
sole proprietorship
d)
none of these
19.
What type of business is owned by two or more people who share its risks and rewards?
a)
corporation
b)
partnership
c)
sole proprietorship
d)
all of these
20.
Accounting and finance are the same thing.
a)
true
b)
false
21.
It is easier for a partnership to obtain capital than a sole proprietorship.
a)
true
b)
false
22.
This type of business has the most limited access to credit.
a)
Partnership
b)
Sole proprietorship
c)
Corporation
d)
none of these
23.
A dividend is money made as a result of owning a share of stock.
a)
false
b)
true
24.
What is a contractual agreement to use the name and sell the products or services of a company in a designated geographic area?
a)
cooperative
b)
nonprofit organization
c)
franchise
d)
all of these
25.
Who is the distributor of goods?
a)
wholesaler
b)
intermediary
c)
retailer
d)
producer
26.
Which one is not an example of an industry that produces raw goods?
a)
agricultre
b)
mining
c)
fishing
d)
manufacturing
27.
What is the process of achieving company goals by planning, organizing, leading, controlling, and evaluating the effective use of resources?
a)
marketing
b)
management
c)
finance
d)
accounting
28.
What is the process of creating, expanding, manufacturing, or improving goods and services?
a)
production
b)
procurement
c)
marketing
d)
management
29.
What is the process of planning, pricing, promoting, selling, and distributing ideas, goods, and services?
a)
marketing
b)
management
c)
finance
d)
production
30.
The three main types of businesses are cooperatives, sole proprietorships, and partnerships.
a)
true
b)
false
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