Business Unit Test

Business Unit Test

25 Qs

quiz-placeholder

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Business Unit Test

Business Unit Test

Assessment

Quiz

others

Hard

Created by

Catherine Dyer

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is FALSE about a sole proprietorship?
the owner has unlimited liability
they are easy to start
profits are taxed once
recording keeping is costly

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A furniture factory makes its products from wood and other raw materials. It is called a:
retailer
wholesaler
manufacturer
distributor

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A momentary state or condition where the quantity of a product supplied equals the quantity demanded for the same product is known as which of the following?
surplus
demand
shortage
equilibrium

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Recruiters examine the process for filling vacancies with hiring managers in which function?
marketing
management
human resources
strategy

5.

MULTIPLE SELECT QUESTION

30 sec • 5 pts

Which of the following provisions would you expect to find in a partnership agreement?
how to resolve conflicts
how to split profits or losses
the succession plan
how to alter the ownership structure
names of the partners

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Promoting, distributing, and pricing products are all classified as which type of function?
accounting
human resources
marketing
management

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which business function involves developing a process for reporting, investigating and resolving employee complaints?
accounting
human resources
marketing
management

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