8th Intro to Business Unit Test Review

Which one is not one of the four main types of a business?

In order to be considered a business, an entity must:

Which function of a business allocates company resources to efficiently produce products that consumers want?

Office Place sells office equipment, such as Xerox copiers, and supplies to other businesses. It would be what type ?

The process of recording the financial transactions involving a business is completed by which function of a business?

What are the four factors of production?

The difference between the revenue and the expenses of a business is referred to as:

When the expenses of a business are greater than its revenue, the business is said to have a:

The process of promoting new products would be considered which function of a business?

An accountant prepares tax returns for their clients. What type of business would this be?

The physical contributions of everyone working within a business are considered which factor of production

The goal of a nonprofit organization is to:

This type of organization provides goods and services without seeking a profit:

This component of the external environment includes government policies and regulations:

The machines, tools, and buildings needed to produce goods and services are considered which factor of production?

Which of the following is a strategic tool used by businesses to track external factors that can impact their business?

Tasks such as budgeting and raising capital are done by which function of a business?

When a business has bills to pay for rent, wages and supplies, these are examples of :

Which of the following is NOT one of the four key components of the external environment?

A business that posesses the qualities of multiple business types is what type of business?