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BUSINESS CH 3-4 TEST

Total questions: 22

Worksheet time: 22mins

Name
Class
Date
1.

Standing up for what you believe is right is called:

a)

Responsibility

b)

Integrity

c)

Honesty

2.

Being committed to certain people or groups is called:

a)

Respect

b)

Loyalty

c)

Empathy

3.

Taking care of all aspects of your job is called:

a)

Responsibility

b)

Concern

c)

Empathy

4.

Understanding another person's point of view is called:

a)

Loyalty

b)

Sympathy

c)

Empathy

5.

Keeping other people's personal information private is called:

a)

Respect

b)

Loyalty

c)

Confidentiality

6.

Considering the feelings and viewpoints of others when you act is called:

a)

The Golden Rule

b)

Emapthy

c)

Respect

7.

Treating others as you would like to be treated is called:

a)

Empathy

b)

The Golden Rule

c)

Respect

8.

Businesses that create goods and services are called:

a)

Intermediaries

b)

Service Businesses

c)

Producers

9.

People and businesses that sell the goods and services from producers to customers are called:

a)

Intermediaries

b)

Service Businesses

c)

Producers

10.

Businesses that earn profits by providing consumers with services that meet their needs and wants are called:

a)

Intermediares

b)

Service Businesses

c)

Producers

11.

Businesses that purchase large quantities of products directly from producers and sell the products in smaller quantities to retailers are called:

a)

Wholesalers

b)

Retailers

c)

Customers

12.

Businesses that buy products from wholesalers or directly from producers and sell them to consumers to make a profit is called:

a)

Wholesalers

b)

Retailers

c)

Intermediaries

13.

A business that is owned and often operated by a single individual is called:

a)

Partnership

b)

Sole Proprietorship

c)

Corporation

14.

An association of two or more persons who co-own a business with the objective of earning a profit is called:

a)

Partnership

b)

Corporation

c)

Sole Proprietorship

15.

A business that is legally separate from its owners is called:

a)

Partnership

b)

Corporation

c)

Sole Proprietorship

16.

The type of market made up of customers who buy products for their own use is called:

a)

Government

b)

Business

c)

Consumer

17.

The type of market made up of customers who buy products for use in a business is called:

a)

Business

b)

Consumer

c)

Government

18.

The type of market made up of customers who are in the national, state, and local government offices and agencies are called:

a)

Consumer

b)

Government

c)

Business

19.

A disadvantage for a sole proprietorship is that you get to set your own hours.

a)

True

b)

False

20.

An advantage of a partnership is that the skills are resources of the partners can be combined.

a)

True

b)

False

21.

A disadvantage of a corporation is there is double taxation.

a)

True

b)

False

22.

A disadvantage of a partnership is that there could be potential disagreements between the partners.

a)

True

b)

False