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Types of Business Organization Flashcards | StudBud

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Types of Business Organization

10 terms·StudBud Administration·165 plays

8th Grade Exploring Bus and Entrepreneur

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Questions 10

Answers

1
What is the purpose of a business
sure that entire organization meets goals and obligations
Consumers use goods and services
Opportunity to meet wants and needs of consumers
2
What is the function for Franchise
owned by one person
Owned by two or morepeople
is a contractual agreement to sell company’s products
stockholders, buttreated by law as one person
3
Human ResourcesManages: “people” relations within thecompany
False
True
4
Give an example for Accounting
Collecting money from customers
Maintains software applications
Maintains software applications
Investing cash
5
how many examples are for accounting?
7
5
4
9
6
Corporation-Owned by many people—stockholders, but treated by law as one person.
True
False
7
what is the function for management?
Satisfies the needs and wants ofconsumers through exchange
the entire organizationmeets its goals and obligations
Uses technology to share knowledge,facts, and data to others
8
What is the purpose of a business
Businesses fulfill the needs and wants of consumers.
Effectively works with people in theorganization
Considered the “back office”
Opportunity to increase competition inthe marketplace
9
What is the function for Information Technology?
available resources to accomplishthe organizations’ goals
Uses technology to share knowledge,facts, and data to others
needs and wants ofconsumers through exchangeBased on four
Opportunity to meet wants and needs ofconsumers
10
What is an accounting?
that the entire organizationmeets its goals and obligations
recording and reportingfinancial activity and transactions
money;see the opportunity to make money in the marketplace