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Introduction to Business

Total questions: 27

Worksheet time: 5mins

Name
Class
Date
1.

Money earned after expenses

a)

Cold Hard Cash

b)

Profit

c)

Money

d)

Investment

2.

Participant that creates a business

a)

Entrepreneur

b)

Owner

c)

Manager

d)

Employee

3.

A physical, tangible item provided by business

a)

Service

b)

Good

c)

Product

d)

Item

4.

Participant needed in an established business to make ultimately make money

a)

Employees

b)

Owners

c)

Consumers

d)

Investor

5.

Getting your hair cut or lawn mowed

a)

Work

b)

Assistance

c)

Labor

d)

Service

6.

Any activity that is intended to produce a profit

a)

Commerce

b)

Industry

c)

Occupation

d)

Business

7.

Money put into a business to help it succeed

a)

Investment

b)

Loan

c)

Expenditure

d)

Asset

8.

No formal protection other than contractually

a)

Patent

b)

Trade Secret

c)

Copyright

9.

Protects inventions

a)

Patent

b)

Trademark

c)

Copyright

d)

Trade Secret

10.

Inventions are protected for how many years?

a)

10

b)

30

c)

20

d)

Indefinitely

11.

Protects names, logos, slogans

a)

Copyright

b)

Patent

c)

Trade Secret

d)

Trademark

12.

Protects original works of authorship

a)

Trademark

b)

Copyright

c)

Trade Secret

d)

Patent

13.

Original works of authorship are protected for how long?

a)

Life of Author + 30 Years

b)

Life of Author + 50 Years

c)

Life of Author + 70 Years

d)

Life of Author + 100 Years

14.

We can use Beethoven's work freely because it has now become what?

a)

Free to Use

b)

Public Domain

c)

Open Property

d)

Public Property

15.

Names, logos, slogans are protected for how long?

a)

10 Years +

b)

15 Years +

c)

20 Years +

d)

70 Years +

16.

A violation of intellectual property means...

a)

Infringement

b)

Infraction

c)

Invasion

d)

Transgression

17.

In order to use the protected work of others, this is often required...

a)

Payment

b)

Royalty

c)

Reimbursement

d)

Restitution

18.

A decision of right versus wrong...

a)

Integrity

b)

Morals

c)

Beliefs

d)

Ethics

19.

CSR affects which of the following...

a)

Community

b)

Company

c)

Schools

d)

Environment

e)

Consumers

20.

CSR stands for...

a)

Company Social Responsibility

b)

Corporate Social Responsiblity

c)

Company Societal Responsibility

d)

Corporate Societal Responsibility

21.

The most logical consumer for a business to focus on that has the willingness and ability to purchase an item...

a)

Focal Market

b)

Intended Market

c)

Focused Market

d)

Target Market

22.

Creating a ad on YouTube is associated with this P...

a)

Place

b)

Price

c)

Product

d)

Promotion

23.

Four P's are known as the...

a)

Marketing Options

b)

Marketing Blend

c)

Marketing Mix

d)

Marketing Decisions

24.

The colors of the items are associated with this P...

a)

Place

b)

Product

c)

Price

d)

Promotion

25.

A rivalry among sellers for business is

a)

Contention

b)

Competition

c)

Opposition

d)

Contest

26.

Selling an item in Meijer is associated with this P...

a)

Product

b)

Price

c)

Place

d)

Promotion

27.

$34.99 for an item is associated with this P...

a)

Price

b)

Place

c)

Promotion

d)

Product