Which of the following is an objective related to understanding the impact of international economies on business activities?

• To explore management styles and functions.

• To understand how businesses contribute to communities.

• To be able to explain the interdependence of business activities.

• To be able to formulate a business plan.

Which of the following is NOT one of the four functions around which businesses are built?

• Production

• Finance

• Marketing

• Sales

What is the process of creating, growing, manufacturing, or improving products or services called?

• Distribution

• Production

• Consumption

• Marketing

A marketplace involves the essence of the exchange process, where customers exchange money for ______.

• goods or services

• information

• friendship

• entertainment

Which of the following is NOT a category by which businesses are categorized?

• Profit orientation

• Size

• Product

• Location

Businesses are categorized by various factors. One of these is ______.

• Color

• Profit orientation

• Weather

• Language

What is the maximum number of employees that small businesses usually have?

• 50

• 100

• 150

• 200

Small businesses employ ___ percent of all private (nongovernment) workforce.

• 47

• 53

• 60

• 75

Which of the following is a characteristic of big businesses?

• Usually have less than 50 employees

• Are usually local

• Can be divided into many different departments

• Are always privately owned.

Big businesses usually have more than ___ employees.

• 10

• 50

• 100

• 500