7.01 Review

7.01 Review

9th - 12th Grade

25 Qs

quiz-placeholder

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7.01 Review

7.01 Review

Assessment

Quiz

Other

9th - 12th Grade

Medium

Created by

Donna Applewhite

Used 3+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A characteristic of a sole proprietorship is that the owner

has access to unlimited funds.

receives all of the profits.

transfers the risk.

delegates the functions.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is not a reason why human resource management is important to the success of a business:

Creating jobs for the company.

Eliminating turnover.

Staffing the business.

Reducing compensation.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which would probably result if a business reduced its marketing costs?

Increased costs of production

decreased variety of consumer goods

increased consumer awareness of goods and services

decreased need for customer contactt with businesses

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A manager who helps an employee count the money in a cash drawer and prepare a bank deposit is demonstrating:

Aggressive behavior.

Natural talent.

Creativity.

Technical skills.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Scott Company decided to sell stock to raise capital. Under what form of business organization does the company operate?

Partnership

Cooperative

Corporation

Proprietorship

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A type of business ownership in which one or more of the owners does not have full liability is called:

General partnership.

Limited partnership.

Sole proprietorship.

Service organization.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

John says that his job duties include planning what will be done, organizing and directing workers, solving problems related to worker productivity. His job can best be described as a:

Manager

Cashier

Bookkeeper

Broker

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