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Duplicate of Exploring Business Module 1 Flashcards | StudBud
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Duplicate of Exploring Business Module 1
Duplicate of Exploring Business Module 1
35 terms
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StudBud Administration
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236 plays
Based on the North Carolina curriculum for Exploring Business Marking and Entrepreneurship-Unit 1
Flashcards
35 cards
F
Practice quiz
P
Host live
L
Questions
35
Answers
1
Easy to start, obtain capital, share different skills, risk
Sole Proprietorship
Partnership
Corporation
Franchise
2
A person who purchases goods and services to satisfy their wants and needs.
Marketing
Information Tech
Business
Consumer
3
This type of Business is an agreement to sell a company's product or services in specific area
Partnership
Sole Proprietorship
Corporations
Franchise
4
This Function of Business makes sure that the entire organization meets its goals.
Operations
Accounting
Management
Information Tech
5
Taco Bell, Blockbuster, or McDonalds are all examples of...
Corporations
Partnership
Franchise
Sole Proprietorship
6
A_____________satisfies the needs and wants of a consumer through goods and services.
Accounting
Information Tech
Business
Marketing
7
making a profit, benefit organization, cannot be run for the sole purpose of earning a profit
Corporation
Franchise
Profit business
Non-profit making business
8
An advantage of this type of Business is that it can raise money by selling stock.
Franchise
Corporation
Partnership
Sole Proprieorship
9
Which of the following is not one of the 4 P's?
Place
Privacy
Price
Product
10
This type of Business is owned by two or more people
Sole Proprietorship
Partnership
Franchise
Corporations
11
This Function of Business is based on the 4P's
Management
Marketing
Accounting
Information
12
Apple, Sony, The Gap
Service Business
Non profit-making
Profit-making business
Service Business
13
sell a product and provide a service
Non profit-making business and orgainzation
service businesses
Product Business
Combination businesses
14
Earning more revenue than expenses, on consumer demand (wants
Profit-making business
Non-Profit Business
Product business
Service business
15
Old Navy, Best Buy, Dicks
Combination Business
Product Businesses
Service businesses
Non profit-making business
16
Luxury cars, smart phones, $100 sneakers, and a private jet are all examples of_____________
Needs
Wants
Goods
Services
17
Making sure that the organization meets the goals or obligations
Information Technology
Management
Accounting
Marketing
18
This business exist to help people....
non-profit making business
Profit-making business
Neither
Both
19
Paying taxes and bills are examples of this Function of Business
Management
Accounting
Makreting
Information Tech
20
Which Function of Business uses technology to share knowledge, facts and data with others.
Operations
Information Tech
Marketing
Human Resources
21
Sell goods, retailers, and distributors
combination business
non profit-making
service business
Product business
22
This type of Business is owned by many people--stockholders
Franchise
Sole Proprietorship
Corporation
Partnership
23
This Function of Business manage people. Hires and Fires people.
Information Tech
Management
Human Resources
Operations
24
With this type of business the owner must pay everything needed to start the business.
Partnership
Corporations
Sole Proprietorship
Franchise
25
The reason or motivations to start a business
I could not find a job, make money
meet needs and wants, nothing to do
profit, make money
profit, meet needs and wants
26
This type of Business you have to share you profit with other owners
Partnership
Sole Proprietorship
Corporations
Franchise
27
The Gap clothing store is an example of...
Neither
Profit-making business
Both
non-profit making business
28
Shoes, cell phones, computers, clothing, furniture are all examples of___________
goods
needs
services
wants
29
This Function of Business is considered the "back office"
Management
Operations
Human Resources
Marketing
30
This motivation behind this business is making money
Non-profit business
Neither
Profit-making business
Both
31
This type of Business is owned by one person.
Corporations
Sole Proprietorship
Franchise
Partnership
32
Food, water, shelter, and clothing are examples of__________
Services
Wants
Goods
Needs
33
Mowing lawns, babysitting, mechanics, plumbers, teachers, are all examples of____________
Services
Goods
Watns
Needs
34
Barber shop, dry cleaners, Kinko's, car repair shops
Service Businesses
Profit-making business
Non profit-making business
Product business
35
Which Function of Business records and reports financial activity?
Management
Information Tech
Accounting
Marketing
