Introduction to Business Exam

To start a business you will need to create a business idea.

• TRUE

• FALSE

Small business owners are those who make business for others.

• TRUE

• FALSE

To raise capital the business can obtain a credit line through a bank.

• TRUE

• FALSE

The business idea has to do with the good and service the firm will offer.

• TRUE

• FALSE

One basic activity is buy goods and services.

• TRUE

• FALSE

One way to raise capital is by selling shares to other people.

• TRUE

• FALSE

Marketing refers to all the activities of products and service promotion.

• TRUE

• FALSE

Resale is the act of buying and then sale a product.

• TRUE

• FALSE

Employing human resources include recruiting.

• TRUE

• FALSE

Businesses keep the records to know how they are doing financially.

• TRUE

• FALSE