What is the definition of "business"? (choose one)
Business Characteristics, Mission-Vision-Values

Quiz
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Other
•
10th - 12th Grade
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Medium
Thomas Otstot
Used 47+ times
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23 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
2 mins • 5 pts
A mutually beneficial exchange
A transaction of equal value between two parties
An exchange of money for a product
A sharing of interest
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a business? (choose one)
an organization that sells goods and services in an attempt to earn a profit
An organization that sells something valuable to people
An organization that exists for the benefit of its employees
An organization that sells goods/services and receives a profit
3.
MULTIPLE SELECT QUESTION
2 mins • 5 pts
What two factors are needed to be included for an entity to qualify as a business? (choose two)
They have a Chief Executive Officer
They sell a good and/or a service
They mutually exchange equal value to another business
They attempt to earn a profit
4.
MULTIPLE SELECT QUESTION
2 mins • 5 pts
What is a mutually beneficial exchange? (choose one)
An exchange of one resource for another
An exchange of profit for product or services
A transaction involving equal value for equal value
An exchange representing value and benefit to both parties
5.
MULTIPLE CHOICE QUESTION
2 mins • 5 pts
The expectation of an accomplishment over a specific period of time is called a business ___________?
success
plan
profit
goal
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
J&J buying a private energy supplier to reduce pollution with a renewable alternative to electricity is an example of:
Corporate Social Responsibility
Financial Innovation
Profit Maximization
Economic Productivity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A computer company finding less expensive raw material to reduce cost of producing a laptop is an example of:
Innovation
Economic Productivity
Profit Maximization
Corporate Social Responsibility
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