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WorksheetsU2 AOS 1 Business Management Pre-Test
Total questions: 32
Worksheet time: 15mins
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
It accepts deposits from individuals and organizations that have excess funds and provide loans to those who are in need. This financial institution is called _______.
investment banks
commercial banks
credit unions
insurance companies
One of the financial institutions that operates by collecting premiums from clients is called ____________ .
brokerage
credit union
investment banks
insurance companies
It is a collection of financial products owned by a single investor, either an individual or organization is called ______.
product marketing
investment portfolio
stock contribution
product investment
_______________ is responsible in presenting or requesting budget for advertisement and promotion of products.
advertising manager
marketing officer
finance officer
accounting supervisor
The department that is responsible in requesting acquisitions and delivery of assets needed by the company is called __________ .
Cashier
finance officer
logistics
budget officer
_______ protects the name and identifying symbol of a product or company.
Trade secret
Patent
Trademark
Copyright
The exclusive right granted to an inventor to manufacture, use, or sell an invention is a(n) ____________.
Patent
Trademark
Trade secret
Copyright
Laws passed by legislatures are called ____________.
Statutory laws
Common laws
Ordinances
Precedent laws
Domain name means
the name of your business
the name you give to the Tax Department
creating an online presence
When meeting legal requirements there is only 1 level of Government involved
true
false
ASIC stands for
Australian security insurance commission
Australian secured investment commission
Australian securities investment commission
ATO stands for
Australia Tax Office
Australia's Taxation Office
Australian Tax Office
Australian Taxation Office
Progressive tax is
the lower the income the higher amount of tax paid
tax stays the same regardless of income
the higher the income the higher the amount of tax paid
Which would make a contract not legally binding?
Both parties agree to the terms/conditions
The contract is created and signed in proper form
Both parties have the mental capacity to enter into a contract
The terms/conditions agreed to break the law.
An agreements between two or more parties that create obligations enforceable by law.
Contract
Tort
Partnership
Administrative Agency
Sole proprietorship is a business that has many owners.
True
False
It is smart for partnerships to have a legal agreement.
True
False
An LLC stands for Limited Liability Company.
True
False
Our country provides small businesses with resources to help them get started and be successful. What is this government agency called?
Small business Administration
Small business association
America's Business Association
America's Small Businesses
A business owned by many people who are considered stakeholders.
Corporation
Partnership
LLC
Sole Proprietorship
A business owned by two people who share the profit.
Corporation
Partnership
LLC
Sole Proprietorship
Being legally responsible for something.
Liability
Employee
Non-profit Business
Franchise
A business that was created for expanding an original business, but opening in a new location, and where you are required to sell goods and services a certain way.
Corporation
Franchise
Non-profit
LLC
An organization created whose purpose is something other than making a profit.
LLC
Franchise
Corporation
Non-Profit
