Intro to Business Unit 2 Review

Question 1

A business that changes raw material into more finished products like sugar cane to sugar is a:

Accepted Answer

Manufacturer

Question 2

The primary function of marketing is creating advertisements.

Accepted Answer

False

Question 3

Which of the following is included in the marketing mix?

Accepted Answer

Product

Question 4

An effective leader must lead the company based on a vision.

Accepted Answer

True

Question 5

Which of the following is a function performed by all business?

Accepted Answer

All of the others

Question 6

The form of business that represents two-thirds of U.S. businesses is the

Accepted Answer

Sole Proprietorship

Question 7

A form of business based on a written agreement about how to manage and how to share profits

Accepted Answer

Partnership

Question 8

The person or group who receives a franchise is called:

Accepted Answer

Franchisee

Question 9

Autocratic leaders work with employees to make decisions

Accepted Answer

False

Question 10

A Producer is a business that sells goods to consumers

Accepted Answer

False

Questions 10