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WorksheetsBUSINESS MARKETING FINANCE
Total questions: 70
Worksheet time: 34mins
A person who is not necessarily the owner of the business but has a stake on how the business is performing is called __________.
stakeholder
stockholder
partners
manager
They are considered owners of the business and have voting rights, entitled to dividends which depend on their share and earnings of the corporation. They are called _________.
stockholder
stakeholder
employees
investors
If you hear the word "finance", what comes into your mind?
bank
treasurer
money
ATM
the amount of money that is in the bank account after a deposit or withdrawal
(a)
setting aside money earned or received for future use
(a)
purchasing goods and services to satisfy wants and needs
(a)
a plan for using money
(a)
a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so
(a)
Which of the following is a disadvantage of franchise?
assistance from a parent company
name recognition
shared advertising expenses
must follow parent company business structure
___________ are words, symbols, names or devices used to specify the source of the goods, and are used to differentiate them from others.
copyrights
patents
licenses
trademarks
A _____ is the right or license to sell a company's product or service at a designated location; an example would be McDonalds.
franchise
partnership
sold prprietorship
corporation
This is an example of a non-profit business.
Midtown Ford
Thai Express
Sunova Credit Union
Canadian Cancer Society
This type of business takes processed goods and creates finished products
Processor
Intermediary
Manufacturer
Wholesaler
Wholesaler businesses...
Usually sell goods directly to consumers
Gather raw goods from natural resources
Make finished products from processed goods
Buy large quantities of goods and sell them in smaller amounts to retailers
Handling money, paying bills, and creating statements and reports regarding money involves the ___________ function of business.
Finance and accounting
Management
Marketing
Production and procurement
Businesses that buy goods, store them, and resell them are...
Intermediaries
Manufacturers
Processors
Wholesalers
This function of business involves creating, expanding, manufacturing, or improving goods and services.
Production
Procurement
The ______ function of business involves planning, pricing, promoting, and selling in order to get consumers to buy a product.
Management
Production
Accounting
Marketing
BP Gas Stations are an example of a service business
True
False
When a company evaluates how to best use its resources to achieve company goals it is using the _________ function of business.
Management
Marketing
Production and Procurement
Finance and Accounting
A retail store employee puts a pair of shoes on a customer and asks the customer if the shoe fits right.
Selling
Distribution
Promotion
Pricing
A retailer decides to mark down the store's selection of swimsuits in August.
Pricing
Promotion
Distribution
Product Service Management
Name that function: Planning ways to cover cost and reach the desired profit margin.
Pricing
Promotion
Selling
Financing
Marketing Information Management
One of the financial institutions that operates by collecting premiums from clients is called ____________ .
brokerage
credit union
investment banks
insurance companies
the amount of money that is in the bank account after a deposit or withdrawal
(a)
setting aside money earned or received for future use
(a)
purchasing goods and services to satisfy wants and needs
(a)
a plan for using money
(a)
to give as a way of helping people in need
(a)
have a strong effect on someone or something.
(a)
study of materials and sources in order to establish facts and reach new conclusions
(a)
featuring new methods; advanced and original
(a)
yielding profit or financial gain.
(a)
the cost required for something; the money spent on something
(a)
Which is an example of an external source of finance?
Owners' Funds
Sale of assets
Retained profits
Bank loan
Finance is considered as science because it's governed by facts and truths .
True
False
Finance is an art because financial statement is supported of reliable basis.
True
False
The human resources department is responsible for recruiting and looking after the_______ in company
employee
staff
workforce
freelancer
What do you get when sales are higher than production costs.
loan
loss
profit
assets
Money borrowed from a person or bank.
retail
loan
refund
capital
A document that shows you've paid for something.
retail
taxes
invoice
receipt
Money that a company owes.
assets
shareholder
liabilities
taxes
