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Management Quiz
1. A form of business that can have many owners and issue stock:
Corporation
Sole-proprietorship
Partnership
Cooperative
2. In this type of business, the owner is responsible for all debts:
Corporation
Sole-Proprietorship
Partnership
Cooperative
3. A business that takes natural resources and converts them into a consumer good:
Extrator
Manufacturer
Marketer
Wholesaler
4. A form of production that makes a product to fit one customer's needs:
Mass Production
Bulk Manufacturing
Custom Manufacturing
Marketing
5. The parent company of a franchise is known as:
Franchisee
Franchisor
Big Daddy
All of the Above
6. Which of the following is an activity performed by businesses?
Generating Ideas
Raising Capital
Keeping Records
All of the Above
7. A group that is in charge of making business decisions for a corporation:
Staff
Board of Directors
Management
Proprietors
8. A type of business that moves goods from the manufacturer to the consumer:
Marketer
Extractor
Manufacturer
Wholesaler
9. A mining company is an example of a(n) _______________ because they take resources from the earth.
Extractor
Marketer
Manufacturer
Wholesaler
10. A partnership usually issues stock to raise capital.
False
True
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