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WorksheetsPBMF Ch 4 Review
Total questions: 13
Worksheet time: 12mins
An organization that generates revenue is known as _.
a not-for-profit organization
a for-profit organization
revolutionary
purple
An organization that exists to serve some public purpose (without the goal of generating revenue) is known as _.
a not-for-profit organization
a for-profit organization
revolutionary
green
Which of these is NOT one of the 3 major types of businesses in the private sector.
a not-for-profit organization
producers
intermediaries
service businesses
_ are businesses that create goods and services
producers
intermediaries
service businesses
_ are people and businesses that sell the goods and services from producers to consumers.
producers
intermediaries
service businesses
_ earn a profit by providing consumers with services that meet their needs and wants.
producers
intermediaries
service businesses
_ and manufacturers are examples of producers.
extractors
wholesalers
retailers
intermediaries
_ and retailers are examples of intermediary businesses.
extractors
wholesalers
retailers
intermediaries
_ are producer businesses that use supplies from other producers to make products.
extractors
manufacturers
retailers
wholesalers
_ are producer businesses that take natural resources from the land.
extractors
manufacturers
retailers
wholesalers
_ are intermediary businesses that purchase large quantities of products directly from producers and sell the products in smaller quantities to retailers.
extractors
manufacturers
retailers
wholesalers
_ are intermediary businesses that buy products from wholesalers or directly from producers and sell them to consumers to make a profit.
extractors
manufacturers
retailers
wholesalers
The _ is a numeric system used to classify businesses and collect economic statistics.
extractors
manufacturers
North American Industry Classification System (NAICS)
wholesalers
