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Unit 1.01 Quiz Review

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Items that are nice to have

a)

Needs

b)

Wants

c)

Services

d)

Consumer

2.

Items necessary for existence

a)

Needs

b)

Wants

c)

Services

d)

Consumer

3.

Tangible items that businesses sell

a)

Needs

b)

Services

c)

Goods

d)

Consumer

4.

Person who uses goods or services

a)

Consumer

b)

Assistant

c)

Employee

d)

Employer

5.

Money left after a business pays expenses

a)

Needs

b)

Wnats

c)

Profit

d)

Resources

6.

Business owned by two or more people

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

d)

Franchise

7.

Business owned by only one person

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

d)

Franchise

8.

Agreement to use the name and sell the goods of the parent company

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

d)

Franchise

9.

Business that is considered separate from its owners

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

d)

Franchise

10.

Process of promoting and presenting a product to customers

a)

Accounting

b)

Marketing

c)

Operations

d)

Human Resources