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PBMF Ch 4 Review

Total questions: 13

Worksheet time: 12mins

Name
Class
Date
1.

An organization that generates revenue is known as _.

a)

a not-for-profit organization

b)

a for-profit organization

c)

revolutionary

d)

purple

2.

An organization that exists to serve some public purpose (without the goal of generating revenue) is known as _.

a)

a not-for-profit organization

b)

a for-profit organization

c)

revolutionary

d)

green

3.

Which of these is NOT one of the 3 major types of businesses in the private sector.

a)

a not-for-profit organization

b)

producers

c)

intermediaries

d)

service businesses

4.

_ are businesses that create goods and services

a)

producers

b)

intermediaries

c)

service businesses

5.

_ are people and businesses that sell the goods and services from producers to consumers.

a)

producers

b)

intermediaries

c)

service businesses

6.

_ earn a profit by providing consumers with services that meet their needs and wants.

a)

producers

b)

intermediaries

c)

service businesses

7.

_ and manufacturers are examples of producers.

a)

extractors

b)

wholesalers

c)

retailers

d)

intermediaries

8.

_ and retailers are examples of intermediary businesses.

a)

extractors

b)

wholesalers

c)

retailers

d)

intermediaries

9.

_ are producer businesses that use supplies from other producers to make products.

a)

extractors

b)

manufacturers

c)

retailers

d)

wholesalers

10.

_ are producer businesses that take natural resources from the land.

a)

extractors

b)

manufacturers

c)

retailers

d)

wholesalers

11.

_ are intermediary businesses that purchase large quantities of products directly from producers and sell the products in smaller quantities to retailers.

a)

extractors

b)

manufacturers

c)

retailers

d)

wholesalers

12.

_ are intermediary businesses that buy products from wholesalers or directly from producers and sell them to consumers to make a profit.

a)

extractors

b)

manufacturers

c)

retailers

d)

wholesalers

13.

The _ is a numeric system used to classify businesses and collect economic statistics.

a)

extractors

b)

manufacturers

c)

North American Industry Classification System (NAICS)

d)

wholesalers