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Business Essentials Unit 2 Flashcards | StudBud
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Business Essentials Unit 2
Business Essentials Unit 2
24 terms
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StudBud Administration
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Business Organization--Ch. 5/6
Flashcards
24 cards
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Practice quiz
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Questions
24
Answers
1
Diversification of a stock portfolio means
To lower risk by investing all of your savings
Buying all of one type stock
Buying all bonds and no stocks
To lower risk by spreading out your investments
2
Franchises can be operated as
Partnerships
Corporations
Sole proprietorships
All of the above
3
Which business activity do all businesses perform?
Employing and training personnel
Generating ideas
Raising Capital
All of the above
4
A business owned by its members and managed in their interest is a
Cooperative
Corporation
Service
Nonprofit
5
Marketers
Change raw materials into a form consumers can use
Move goods from producers to consumers
Take raw materials from the earth
Perform services
6
Money provided by large investors to finance new products or businesses is
Investment
Start-up Money
Profit
Venture Capital
7
How do you make money in the stock market?
Dividends
None of these
Selling stock for more than you originally paid
Both of these
8
Reasons small businesses fail include
All of the above
Lack of mangement experience
Lack of startup money
Poor location
9
Type of business that takes raw materials and creates goods consumers can use is a
Service
Manufacturer
Marketer
Extrator
10
A small business has
less than 500 employees
more than 500 employees
a single owner
a store front
11
The person who receives the franchise is the
Franchisor
Franchisee
Shareholder
Partners
12
The parent company of a franchise is the
Partners
Franchisee
Shareholders
Franchisor
13
If you buy stock at $5/share and you have 25 shares, how much did you invest?
$1
$125
$5
$200
14
A partnership can have multiple partners
True
False
15
What is an entrepreneur?
Someone who invents something that can be sold for a profit
Someone who takes a financial risk
All of the above
Someone who creates their own business
16
Who guides the operation of a corporation?
CEO
Board of Regents
Board of Directors
President
17
A business owned by one person is
Partnership
Francise
Sole proprietorship
Corporation
18
Extractors
Move goods from producer to consumer
Get products from nature
Take raw materials and change them for consumers use
Perform services
19
A written contract to sell another's product or service in a prescribed manner is a
Business Plan
Franchise Agreement
Franchise Contract
Partnership Agreement
20
The government agency that helps small business owners develop a business plans is
Small Business Association
Small Business Administration
Small Business Agency
None of the above
21
If you are part owner in a corporation you are a
Stockholder/Shareholder
On the Board of Directors
Special Owner
Partner
22
Excess money shareholders receive from their investment it is called
Surplus Profit
Gross Profit
Dividends
Excess Profit
23
A written description of the business idea and how it will be carried out is
A marketing plan
A profit plan
A floor plan
A business plan
24
Which of these is not one of the three major stock exchanges in the U.S.?
NASDAQ
AMEX
NYEX
NYSE
