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Business Quiz

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

what is business ?

a)

It is a transaction

b)

It is a profit

c)

it is a organisation

d)

it is a transaction of trade for profit making

2.

A business that engages in finance, sales, or reselling is a __________ business

a)

commercial

b)

service

c)

industrial

d)

financial

3.

a bank is an example of what type of business?

a)

commercial

b)

service

c)

industrial

d)

real estate

4.

In a franchise relationship, the entity who is the person leasing the rights of his/her tools of business is referred to as the __________?

a)

franchisor

b)

franchisee

c)

franchizor

d)

lessee

5.

What is a supplier?

a)

A business which sells (or supplies) products to another business.

b)

Any person or organisation which buys or is supplied with a product or by a business.

c)

The person who ultimately uses (or consumes) a product.

d)

The wants and desires of buyers of a product or the customers of a business.

6.

What is a customer?

a)

Those who provide data for a survey usually by answering questions in a questionnaire or interview.

b)

A business which sells (or supplies) products to another business.

c)

A group of similar products made by a business like a number of different soap products.

d)

Any person or organisation which buys or is supplied with a product or by a business.

7.

In a franchise agreement the payment, every year, to utilize all the tools of the franchisor, is called ___________?

a)

royalty

b)

franchise

c)

business agreement

d)

license fees

8.

A business agreement where the person who is buying into the business gets a vast array of tools but pays a fee to use them every year

a)

franchise

b)

royalty

c)

parent company

d)

sister company

9.

In a franchise relationship, the entity who is the person leasing the rights of his/her tools of business is referred to as the __________?

a)

franchisor

b)

franchisee

c)

franchizor

d)

lessee

10.

A type of business that makes goods that other businesses use to make goods or services

(a)  

11.

A business that engages in finance, sales, or reselling is a __________ business

a)

commercial

b)

service

c)

industrial

d)

financial

12.

a bank is an example of what type of business?

a)

commercial

b)

service

c)

industrial

d)

real estate