WorksheetsASSESSMENT THREE
Total questions: 20
Worksheet time: 10mins
The purpose of Businesses is to fulfill the needs and wants of consumers.
TRUE
FALSE
What type of Business is McDonalds?
Partnership
Franchise
Business owned by shareholders is
Partnership
Sole proprietorship
Corporation
Franchise
A group of people who jointly oversee the activities of a corporation
Employees
Board of Directors
Volunteers
What is a need?
Something essential for survival
Something we want but can do without
Things we can touch
Activities provided business or others
A haircut is a
good
service
An iPhone is a
need
want
Lawn mowing is a
good
service
What is something we do not have to have to survive, but we would like to have it?
need
want
good
service
What is something that people do to provide goods for us or help for us?
needs
wants
goods
service
Most car dealerships, beauty salons and home improvement stores are classified as which type of business?
Combination product and service
Non-profit
Product type
Service provider
Barber shops, dry cleaners, and car repair shops are all classified as which type of business?
Combination product and service
Non-profit
Product type
Service provider
Norman and Jones Septic Tank Cleaners are the best septic tank cleaners in Raleigh. What type of business is Norman and Jones Septic Tank Cleaners?
Product Business
Service Business
The Gap, Dell, and IBM are all classified as which type of business?
Combination product and service
For-Profit Organization
Non-Profit Organization
Service provider
Homless shelters, The March of Dimes, and the Salvation Army are all classified as which type of business?
Combination Product and Service
For-Profit Organization
Non-Profit Organization
Product Business
A father who wants to take his son into the business with him should form this type of business.
Sole Proprietorship
Partnership
Corporation
Over 2 million people own stock in Apple Inc.; what type of business is it?
Sole Proprietorship
Paartnership
Corporation
Tracey and Doug's Dog Wash Boutique is probably an example of a...
Sole Proprietorship
Partnership
Corporation
Some businesses are both product and service businesses—they sell a product and provide a service.
TRUE
FALSE
