WorksheetsPre Business quiz
Total questions: 10
Worksheet time: 5mins
A company that has departments for marketing, finance, human resources, and production is organized by _______
product
territory
division
geographic region
function
In which economic system do most people work for government-owned industries or farms?
libertarian
socialist
capitalist
communist
free-enterprise
A favorable balance of trade exist when a country ____
imports more than it exports
spends more than it saves
saves more than it spends
has more debt liabilities than assets
exports more than it imports
A(n) ________ exists when a country is the most efficient producer of an item.
domestic advantage
comparative advantage
absolute disadvantage
absolute advantage
comparative disadvantage
The term ________ refers to a business's obligation to maximize its positive impact and minimize its negative impact on society.
social responsibility
social philanthropy
social ethics
social citizenship
social strategy
_________ measures changes in the prices of goods and services purchase for consumption by typical urban households.
trade balance
worker productivity
GDP
consumer price index
per capita income
In the partnership form of ownership, ____________
all the partners will have limited liability
all partners need to submit quarterly financial statements to stockholders
the business will face fewer regulatory controls than a corporation
the owners will tend to have lower earning power than sole proprietors
the partners will not be held responsible for each other's actions
A person who is involved in the process of creating and managing a business to achieve his or her desired objectives is engaged in
philanthropy
economics
entrepreneurship
capitalization
intrapreneurship
__________ make decisions about the use of an organization's resources and are concerned with planning, organizing, directing, and controlling the organization's activities
consumers
suppliers
creditors
managers
shareholders
If an employee's primary function in an organization is transforming resources into goods and services, then he or she is involved in ___________
marketing
operations management
financing
staffing
customer relationship management
