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Exploring Business Unit 1 Flashcards | StudBud
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Exploring Business Unit 1
Exploring Business Unit 1
25 terms
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StudBud Administration
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Based on the North Carolina curriculum for Exploring Business Marking and Entrepreneurship-Unit 1
Flashcards
25 cards
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Practice quiz
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Questions
25
Answers
1
This Function of Business makes sure that the entire organization meets its goals.
Operations
Information Tech
Management
Accounting
2
Paying taxes and bills are examples of this Function of Business
Information Tech
Accounting
Makreting
Management
3
A_____________satisfies the needs and wants of a consumer through goods and services.
Information Tech
Business
Accounting
Marketing
4
This type of Business you have to share you profit with other owners
Franchise
Sole Proprietorship
Partnership
Corporations
5
This motivation behind this business is making money
Non-profit business
Both
Neither
Profit-making business
6
An advantage of this type of Business is that it can raise money by selling stock.
Sole Proprieorship
Franchise
Partnership
Corporation
7
This type of Business is an agreement to sell a company's product or services in specific area
Franchise
Sole Proprietorship
Partnership
Corporations
8
Food, water, shelter, and clothing are examples of__________
Needs
Wants
Goods
Services
9
The Gap clothing store is an example of...
Both
non-profit making business
Neither
Profit-making business
10
This type of Business is owned by many people--stockholders
Partnership
Sole Proprietorship
Franchise
Corporation
11
This type of Business is owned by two or more people
Corporations
Partnership
Franchise
Sole Proprietorship
12
Shoes, cell phones, computers, clothing, furniture are all examples of___________
wants
goods
needs
services
13
Luxury cars, smart phones, $100 sneakers, and a private jet are all examples of_____________
Needs
Goods
Services
Wants
14
Which of the following is not one of the 4 P's?
Price
Product
Place
Privacy
15
This type of Business is owned by one person.
Partnership
Franchise
Sole Proprietorship
Corporations
16
Taco Bell, Blockbuster, or McDonalds are all examples of...
Sole Proprietorship
Partnership
Franchise
Corporations
17
This business exist to help people....
non-profit making business
Neither
Profit-making business
Both
18
With this type of business the owner must pay everything needed to start the business.
Franchise
Sole Proprietorship
Partnership
Corporations
19
Which Function of Business uses technology to share knowledge, facts and data with others.
Human Resources
Marketing
Information Tech
Operations
20
This Function of Business manage people. Hires and Fires people.
Human Resources
Management
Operations
Information Tech
21
Mowing lawns, babysitting, mechanics, plumbers, teachers, are all examples of____________
Watns
Needs
Services
Goods
22
Which Function of Business records and reports financial activity?
Marketing
Information Tech
Management
Accounting
23
This Function of Business is considered the "back office"
Management
Human Resources
Operations
Marketing
24
A person who purchases goods and services to satisfy their wants and needs.
Consumer
Marketing
Business
Information Tech
25
This Function of Business is based on the 4P's
Management
Marketing
Accounting
Information
