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WorksheetsBusiness Basics
Total questions: 15
Worksheet time: 11mins
A single unit business is also called an independent business.
True
False
Which form of ownership is run by only one person?
Sole proprietorship
Partnership
Corporation
Which form of ownership is run by stockholders?
Sole Proprietorship
Partnership
Corporation
In a partnership there is no need to sign a contract. Partners should trust each other in business.
True
False
An owner of a chain who sells franchises is called a ____________
Chain owner
Franchisor
Franchisee
One of these is NOT a 5 major function of management.
Planning
Staffing
Scheduling
Leading
A(n) _________________ shows how tasks are organized, who performs them, and the levels of responsibility.
Operations Manual
Organizational Chart
Schedule
Contract
One of these is NOT an activity for staffing
Hiring
Evaluating
Recruiting
Listening
Which one of these is an example of upper management of a corporation?
Kitchen Manager
Serves
President
General Manager
Which one of these is an example of Supervisory Management of a small business?
CEO
General Manager
Kitchen Manager
Waiter
This is an example of a revenue center.
Housekeeping dept.
Sales Dept.
Restaurant Kitchen
This is an example of a support center.
Front-of-the-house
Catering dept.
Hotel Front desk
Housekeeping dept.
What is the profit if the revenue is $500,000 and the business costs were $125,000?
$625,000
$350,000
$375,000
$600,000
If my profit was $100,000 and my business costs were $300,000, what was the revenue?
$200,000
$500,000
$400,000
$100,000
Year 1 profit was $65,000
Year 2 profit was $95,000.
What was the difference in profit from year 1 to year 2?
$160,000
$30,000
$50,000
$100,000
