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WorksheetsChapter One Business Quiz Review
Total questions: 8
Worksheet time: 7mins
Match the following
Profit
A financial gain
Assets
Things you own
Goods
Things your own
Needs
When you do something for someone
Services
Tangible things that can be purchased
What is economics
An economic and political system in which a country's trade and industry are controlled by private owners for profit
A system in which a country's trade is controlled by public owners
A system that trades internationally
A leadership dilemma
What are the four functions of business
production, marketing, management, finance
production, publication, area, volume
planning, promotion, product, place
evidence, summary, glance, chapter
What are the three main business activities
(a)
How many owners does a sole proprietorship have
(a)
How many owners does a partnership have
(a)
A corporation is owned by who
leaders
stockholders
government
Bill Gates
How does a general and limited partner different
A general partner has more responsibility and manages the company
They are equal
This type of ownership doesn't exist
One is taller than the other
