Business Structure Unit Review

Which of the following is the simplest type of business structure?

• Partnership

• Sole Proprietorship

• LLC

• Corporation

Which business type is mission-driven and reinvests profits into its cause?

• Cooperative

• Franchise

• Non-Profit

• Independent Business

What is the main role of a CFO (Chief Financial Officer)?

• Overseeing daily operations

• Leading marketing strategies

• Managing finances and budgets

• Designing new products

Which term best describes selling directly to customers online?

• B2C

• B2B

• DTC

• Franchise

Which department manages employee hiring, training, and workplace culture?

• Operations

• Marketing

• HR

• Sales

Which department manages money, budgeting, and expenses?

• Marketing

• Finance

• Product Development

• Accounting

Which department runs the daily operations of the business?

• Finance

• Product Development

• Operations

• HR

Which department promotes the business and manages social media?

• Finance

• Operations

• Marketing

• Sales

Which department directly sells products or services to customers?

• Sales

• Operations

• HR

• Product Development

A partnership allows multiple people to share both risk and profit.

• True

• False