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WorksheetsCCUK - Introduction to Business Test
Total questions: 20
Worksheet time: 10mins
1. Which of the following is an example of a business?
A. Jack & Jill, a specialty clothing store for young children
B. Wal-Mart
C. Ford Motor Company
D. Lawson & Tyler law offices
E. all of the above
What´s the correct definition to the following word? shareholders
contratar
stockholder
alianza de 2 interesados
Which one is TRUE about management?
Transforms resources into products
Plans, organizes, controls, leads
Plans, obtains and manages company funds
Provides knowledge and ideas that help a company keep up and ahead of the competition
___________ is the amount of revenue or income that a business owner retains after paying all the expenses associated with the operation of the business.
Sale
Profit
Cost
Debt
How do you define profit?
when revenue exceeds cost
when costs exceed revenue
when revenue achieves planned target
when the bottom line is in the red
Which of the following is not an economic activity?
Production
Social service
Professional
Trading in good
In business, why it is essential to make a profit?
It provides a return to investors.
It provides funds for future extension
It increases the reputation of a company
All the above
Which option is not a business activity?
Production of goods
Transportation
Exchange of goods
Work in a factory for wages
Which one is NOT TRUE about profit business?
Incurs expenses for operations
Generates revenues from contributions
Profit is used to pay owners, partners, and shareholders
Pays salaries to employees and managers
Which one is NOT TRUE about non-profit business?
Generates revenues from sales and/or contributions
Operated by board of directors, trustees, or managers
Profits are not subject to taxation by local, state, and federal authorities
Owned by individuals, partners, or shareholders
A __________________ is an organization that exists to achieve some goal other than the usual business goal of profit.
profit organization
non-profit organization
NGO
government
What is a business?
Activity that provides goods to consumers and making profit.
Activity that focus on delivering services to consumers and making profit.
Any activity that provides goods or services to consumers for the purpose of making a profit.
Any activity that provides goods and services to consumers without generate profits.
What is one of the purposes of enterprise?
To build more shops and a bigger mall.
To satisfy customers' wants and needs.
To create an advertisement.
What´s the correct definition to the following word? shareholders
contratar
accionistas
alianza de 2 interesados
What is a business?
Activity that provides goods to consumers and making profit.
Activity that focus on delivering services to consumers and making profit.
Any activity that provides goods or services to consumers for the purpose of making a profit.
Any activity that provides goods and services to consumers without generate profits.
Which of the following is the definition of "Business enterprise"?
It is an enterprise that runs its activity to earn profit and as the main objective.
A type of enterprise that usually has profit as its main objective.
An enterprise that runs the business activity and shares its earnings with the society.
How do you define profit?
when revenue exceeds cost
when costs exceed revenue
when revenue achieves planned target
when the bottom line is in the red
What do we call the person wearing a blue t-shirt in the picture?
Manager
Entrepreneur
Stakeholder
Which of the following is not an economic activity?
Production
Social service
Professional
Trading in good
This is the set of production, trade and consumption activities carried out by a business entity:
Economic activity
sole propietorship
shareholders
