WorksheetsEcon Lesson 1 Business in Society
Total questions: 20
Worksheet time: 7mins
A producer is someone who
sells products
is very creative
makes things
employs others
Farms, mines, and lumber companies are examples of
builders
manufacturers
trade industries
raw goods producers
A company that transforms cotton into wearable clothing is considered a
raw goods producer
manufacturer
service business
builder
Emilia works for a company that constructs houses and business facilities. Which type of producer does she work for?
a builder
a raw goods producer
a manufacturer
a trade industry
Rembert works for a grocery store that buys food from producers and sells it to customers. The grocery store is considered a
trade industry
service business
raw goods producer
builder
The two main divisions of the trade industry are
producers and retailers
manufacturers and wholesalers
wholesalers and retailers
wholesalers and producers
Determine whether the following statement is true or false: Trade industries all have the same form of ownership.
True; they all belong to a chain.
True; they all belong to a chain.
False; they may be corporations or partnerships.
False; they may be independent or belong to a chain.
Which of the following describes the services offered by trade industries:
they are always limited
they vary from day to day
they are always full line
they may be limited or full line
Businesses in trade industries that offer discount prices usually offer
full services
limited services
plush interiors
elaborate fixtures
Businesses in trade industries that offer discount prices usually offer
offered for sale
exchanged for other goods
sold to the ultimate consumer
sold in a retail establishment
Which of the following statements about wholesale trade businesses is true:
They operate from a variety of business premises.
They operate only from mail-order warehouses.
They operate only from distribution centers.
They operate in areas convenient to ultimate consumers
What do service businesses sell?
retail merchandise
raw goods
wholesale merchandise
intangible activities
A large retailer feels that it has a duty to contribute to the well-being of society, so it donates a portion of its proceeds to a charity that helps the environment. The retailer is demonstrating
social responsibility
wholesaling
voluntary chains
e-tailing
One way in which a business can show its social responsibility is by __________ its profits.
dividing
maximizing
reducing
controlling
Businesses can show their social responsibility by contributing to
pollution
non-profit agencies in their community
private fundraisers for friends
A socially responsible business will attempt to give customers
lower quality products at reduced prices.
high-quality products at high prices.
the best products at the best prices.
the best products no matter what they cost.
Social responsibility should be a priority of __________ businesses.
all
non-profit
government
specialized
A business that produces a product should be socially responsible to the __________ of the product.
endorsers
providers
users
producers
The connection between the social responsibility of a business and the community in which the business operates is that the business’s social responsibility __________ the community.
depends upon
targets only
targets the area outside
has an effect on
One way in which many businesses demonstrate their social responsibility toward employees is by providing them with
free meals
a safe, secure working environment
regular entertainment
a stress-free atmosphere
