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Principles of business vocabulary game chapter 4

Total questions: 26

Worksheet time: 13mins

Name
Class
Date
1.

A business market is...

a)

A place where entrepreuers go to order food

b)

A place where people create music

c)

A market that is run by one or more people

d)

Consists of customers who buy products for use in a business

2.

Business to business (B2B) is...

a)

Businesses that sells primarily to other businesses

b)

Markets that sell businesses

c)

Businesses that collaborate with other businesses

d)

Businesses that sell produce and agriculture to other businesses

3.

A board of directors are...

a)

An organization that dictates a business

b)

A manufacturing company that creates business laws

c)

A corporation that directs how and why a business should be run

d)

A group of individuals who make high-level management decisions for a business and establish company policies.

4.

Business to consumer (B2C) is...

a)

Businesses that sells primarily to other individual consumers

b)

businesses that sell chicken

c)

businesses that sells mainly to other consumers for their own gain

d)

businesses that do not exist

5.

Consumer market

a)

A supermarket that Supplies capital goods

b)

A market that creates artificial consumers

c)

A msrket that sells capital goods

d)

Consists of customers who buy products for their own use

6.

Cooperative

a)

Business that is owned and operated by those using its services; co-op

b)

The state of a business economic status

c)

the feelings of how a CEO feels

d)

Buisness that is cooperative to all labor laws

7.

Corporation

a)

Businesses that segregate themselves from their consumers

b)

Business that is legally separate from its owners and has most of the legal rights of an actual person

c)

Businesses that recall their products globally

d)

Businesses that submit bankruptcy several times towards the end of the fiscal year

8.

Dividend

a)

Portion of a corporation's earnings distributed to stockholders

b)

income of a business

c)

expenses of a business

d)

Half of a company's earnings contributed towards charity

9.

Extractor

a)

A manufacturer that makes natural resources

b)

A corporation that steals work

c)

Business or person that takes natural resources from the land

d)

A business that does cross-selling

10.

For-profit business

a)

Business that destroys its money

b)

A business that works for free

c)

Organization that generates revenue

d)

Business that gives up all their money to the government

11.

Government Market

a)

A market that destroys the government

b)

A market that buys governments

c)

A market that works with the government

d)

Customers include national, state, and local government offices and agencies.

12.

Institution

a)

Non profit organization that may be either public or private

b)

profit organization that is neither public nor private

c)

Profit organization that is public

d)

Non profit organization that is private only

13.

Intermediary

a)

Business that sells stocks

b)

Person or business that sells the goods and services from producers to consumers

c)

Business that gives their money to charity

d)

businesses that keep their prices at a medium level

14.

Liability

a)

Legal responsibility

b)

Legal altercation

c)

Illegal bankruptcy

d)

Illegal cross-selling

15.

Limited Liability company (LLC)

a)

A company that takes no responsibility

b)

Form of business ownership that combines the benefits of a corporation with those of proprietorships and partnerships

c)

Form of business that combines the cons of illegally selling stocks

d)

A company that has a lot of integrity

16.

Manufacturer

a)

Businesses that utilize supplies from other producers to make products

b)

A person that takes natural resources from the earth

c)

A person that steals other products to make their own

d)

A person that makes products artificially

17.

North American Industry Classification System (NAICS)

a)

Organization that supports north American economies

b)

Numeric system used to classify businesses and collect economic statistics; pronounced as nĀkes

c)

System used to classify North American countries

d)

A form of government that dictates the functions of the North American economies

18.

Not For profit organization

a)

An organization that works for the government

b)

Organization that exists to serve some public purpose

c)

Business that works to provide for pets

d)

Organization that works for $$$$

19.

Partnership

a)

When a person works alone in a business

b)

Association of 2 or more persons who co-own a business with the objective of earning a profit

c)

Assocation of two people working togehter to cross sell

d)

When two or more people decide to stop working together

20.

Partnership agreement

a)

The decline of collaboration

b)

Written contract that established a partnership; also called the articles of partnership

c)

When one person agrees to work alone

d)

A statement that lists the terms for starting a business

21.

Producer

a)

Business that creates goods and services

b)

Businesses that burn products

c)

An organism at the top of the food chain

d)

A business that doesn't care about the well-being of their employees

22.

Proprietorship

a)

A Business that is owned by more than two people

b)

A principle that states the terms of finance in business

c)

Business that is owned and often operated by a single individual

d)

Businesses that go bankrupt

23.

Retailer

a)

Business that buys products from wholesalers or directly from producers, and sells them to consumers to make a profit

b)

Businesses that supply sugary drinks like coca cola

c)

Businesses that buy bowls for a bowling company

d)

businesses that stock up supplies for consumers

24.

Service Business

a)

Businesses that provide capital goods that are expired

b)

Business that earns profits by providing consumers with services that meet their needs and wants

c)

Businesses that file for bankruptcy

d)

Businesses that offer a service

25.

Stock

a)

Share of ownership in a corporation

b)

How much debt a company has to pay off

c)

Amount of supply a business does not have

d)

Amount of demand a business has

26.

Wholesaler

a)

A farmer that supplies partners with crops for consumers

b)

Business that purchases large quantities of products directly from producers and sells the products in smaller quantities to retailers; known as a distributor

c)

A person that does not partner with other businesses in fear of bankruptcy

d)

An organization that operates for the public good