WorksheetsPurpose of Business Quiz
Total questions: 22
Worksheet time: 11mins
What is one of the main purposes of businesses?
To fulfill the needs and wants of consumers
To create new technologies
To provide entertainment
To educate the public
Fill in the blank: Consumers use ______ and services.
goods
products
items
commodities
Which of the following is an example of a service provided by businesses?
Clothing
Cars
Hairdresser
Computers
Fill in the blank: Businesses sell goods, services, or both to ______.
consumers
producers
investors
employees
The profit motive in starting a business is:
To provide employment opportunities
To fulfill a personal passion
To generate financial gain
To create a social impact
What is one of the functions of business related to accounting? Fill in the blank: ________ bills.
Process
Manage
Ignore
Create
What is one of the functions of business related to accounting? Fill in the blank: Preparing employee ________ checks.
Preparing employee payroll checks.
Preparing employee travel checks.
Preparing employee bonus checks.
Preparing employee inventory checks.
What is one of the functions of management in a business?
Ensuring the organization meets its goals and obligations
Ignoring the organization's goals
Disregarding resources
Avoiding teamwork
What are the four P's of marketing?
Product, Price, Place, Promotion
Product, Price, People, Process
Product, Price, Position, Packaging
Product, Price, Planning, Performance
Which of the following is not one of the four P's of marketing?
Product
Price
Placement
Planning
Which of the following is a function of marketing?
Advertising
Manufacturing
Research
Development
What is one of the functions of Information Technology in business?
Maintains e-mail accounts
Manages human resources
Conducts market research
Develops new products
What is considered the 'back office' in business functions?
Marketing
Operations
Sales
Human Resources
Which business function involves behind the scenes paperwork required to complete all transactions?
Operations
Finance
Customer Service
Research and Development
What responsibility does Human Resources have regarding employees?
Hiring and recruitment
Financial planning
Product development
Sales and marketing
What benefits does Human Resources select and enroll employees in?
Health insurance and retirement plans
Travel and accommodation
Office supplies and equipment
Training and development programs
Which of the following is a type of business organization?
Non-profit
Government agency
Sole proprietorship
Cooperative
What is a key characteristic of a partnership?
Owned by two or more people
What happens to the profits in a sole proprietorship?
What must be done if one partner quits a partnership?
The partnership must be reorganized.
What is a franchise?
What Is Ms.Copeland Favorite ACC Team. Hint- They just won the championship
UNC
Duke
NC State
NC Central
