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Chapter 3 Business Basics
Quiz
•
Business
•
10th - 11th Grade
•
Medium
Liz Wright
Used 21+ times
FREE Resource
27 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money used in exchange for goods and services
Store of value
Medium of exchange
Unit of value
Finance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Any activity related to making a product.
Industry
Management
Contract
Production
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The process of controlling and making decisions about a business.
Industry
Management
Contract
Production
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An organization that exists to serve some public purpose.
Partnership
Corporation
Sole Proprietorship
Nonprofit organization
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business owned by one person (70% of all businesses in the US)
Partnership
Corporation
Sole Proprietorship
Nonprofit organization
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The relationship between two or more people who join to create a business.
Partnership
Corporation
Sole Proprietorship
Nonprofit organization
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business that is legally separate from its owners and has most of the legal rights of an actual person.
Partnership
Corporation
Sole Proprietorship
Nonprofit organization
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