WorksheetsBusiness Basics Quiz
Total questions: 18
Worksheet time: 9mins
A business can be either a single unit or multiple units.
True
False
The three forms of ownership are ____.
revenue centers, support centers, and cost centers
corporation, franchise, and chain
corporation, partnership, and sole proprietorship
upper management, middle management, and supervisory management
A franchise is a unit of a chain that has a different ____.
manager
owner
partner
director
Communication is one of the least important aspects of leadership.
True
False
A business ownership structure that is managed by one person, has total liability, and is easiest to start is a ____.
sole proprietorship
partnership
corporation
chain
Recruiting, hiring, training, scheduling, evaluating, and compensating are ____ functions.
staffing
organizing
planning
controlling
Decision making is part of each of the five major functions of management.
True
False
The three most common levels of management are ____.
corporation, partnership, and sole proprietorship
franchise, chain, and upper management
revenue centers, support centers, and cost centers
upper, middle, and supervisory
Which of the following is a revenue center?
(division/department that sells products that bring in revenue)
Security.
Laundry.
Front-of-the-house.
Kitchen.
Which of the following is a support center?
(division/department that does not make revenue or money directly)
Restaurant.
Accounting.
Spa.
Gift shop.
Profit is...
Record of the decisions made about the goals and the methods to meet them.
Money a business has left after all the costs of running the business are paid.
Money that a business takes in for the products and services it sells.
Revenue is....
Record of the decisions made about the goals and the methods to meet them.
Money a business has left after all the costs of running the business are paid.
Money that a business takes in for the products and services it sells.
In business planning is very important, planning is...
Setting goals and developing methods to meet those goals.
Day-to-day running of the business.
Activities involved in hiring and keeping workers.
Record of the decisions made about the goals and the methods to meet them.
The day-to-day running of the business is called....
leading
operations
stockholders
revenue
Management is basically..
a team of people who make decisions for a business.
one person who bosses everyone around.
not really needed in the hospitality industry.
Form of business ownership in which two or more people own the business.
Sole proprietorship
partnership
chain
Management has _________ which is the power to make decisions and tell other workers what to do.
a plan
stock
authority
Level of management that is closest to the workers.
upper management
supervisory management
middle management
