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Business Foundations Review UNIT 2-1 Flashcards | StudBud
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Business Foundations Review UNIT 2-1
Business Foundations Review UNIT 2-1
20 terms
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Review for Semester Exam
Flashcards
20 cards
F
Practice quiz
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Host live
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Questions
20
Answers
1
Promoting and selling products and/or services is
Service
Business
Marketing
Sales
2
Anti Trust Laws are in effect to eliminate
Laws
Income
Criminals
Monopolies
3
Which is an example of a service?
Sugardale
Hoover
Nurse
Timken
4
Who is the Franchisee?
Offers the right to sell
Granted the right to sell
5
Which type of business is found most often in America?
Proprietorship
Cooperative
Partnership
Corporation
6
What does the "2" represent in 2/10 Net 30?
Answer
Days
Discount Period
% of discount
7
How do you buy stock?
Use a Broker
EFT
Use Cash
Use Check
8
An example of a wholesaler is
Sams Club
Dick's Sporting Goods
K-Mart
WalMart
9
How many owners in a Proprietorship?
2
Unlimited
1
3
10
Which role is being utilized when you maintain a job at Canton Local Schools?
Citizen
Consumer
Teacher
Worker
11
How do you gain ownership in a corporation?
Buy Stock
Dividends
Profit
Buy Bonds
12
Which of the following is NOT a franchise?
McDonalds
Taco Bell
Wendy's
The Timken Company
13
Buying a doughnut at MaryAnns is an example of which role?
Consumer
Worker
Citizen
Seller
14
How many owners in a Partnership?
2 or more
3 or more
2
1 or more
15
Dick's Sporting Goods is a(n)
Manufacturer
Wholesaler
Retailer
Marketor
16
2/10 Net 30 is
Accounting Equation
Net of all sales
Terms
Algebra Equation
17
Simply put, a bond is a(n)
relationship
cash advance
form of ownership
loan
18
Complete control of a market is
Monopoly
Easy
Dominance
Anti Trust Law
19
Voting and Paying taxes is an example of which role?
Consumer
Budget
Worker
Citizen
20
When you calculate the use of your money you are
Counting
Budgeting
Working
Paying
