WorksheetsPOB Chapter 5.1 Review
Total questions: 22
Worksheet time: 12mins
About what percent of US businesses employ 100 or more workers?
35%
less than 1 %
5%
20%
The largest number of U.S. businesses employ
no employees other than the owner
between 10 and 20 people
between 50 and 100 people
more than 100 people
Which of the following is not one of the common activities of all businesses?
employing and training personnel
marketing good and services
maintaining business records
producing good and services
A retailer is an example of a(n)
intermediary
producer
service business
extractor
Which of the following is not a producer?
chicken farm
coal mine
appliance factory
pharmacy
Business activities start from
service businesses
intermediaries
producers
marketers
Which major category of businesses is the fastest growing in the us economy
producer
service business
manufacturer
intermediary
All businesses make products.
true
false
Business that takes resources from nature for direct consumption is a specific producer called a(n)
Manufacturer
Corporation
Extractor
Intermediary
_____ refers to the activities directed at providing the goods and services wanted by a business’ customers.
Manufacturing
Marketing
Accounting
Financing
A(n) ____ carries out activities that are consumed by its customers.
producer
service business
manufacturer
intermediary
Many businesses have ____ departments that work to discover new product or service ideas.
Marketing
Sales
Production
Research & Development
___ is the amount of money and things with monetary value that a business owns.
Marketing
Capital
Revenue
Expenses
The idea of money flowing from businesses to households and government and back again is known as the _______.
Research and Development
Circular Flow of Income Model
Marketing Plan
Production Plan
The largest number of U.S. businesses employ
Between 50-100 people
No employees other than the owner
Between 10-20 people
More than 100 people
Advertising would be considered a _____ business activity.
record keeping
investing
retailing
marketing
The most important role of businesses is to make and distribute products and services.
True
False
All businesses buy goods and services.
True
False
Which of the following types of businesses are producers? (Select all that apply)
Extractors
Retailers
Farmers
Manufacturers
Which of the following would be considered intermediaries? (select all that apply)
grocery store
car dealerships
social media influencer
farmer
Which of the following would be considered service businesses? (select all that apply)
law firm
plumber
hair salon
car manufacturer
More than ____ of all U.S. employment is now in service-producing businesses.
20%
35%
50%
60%
