9.06 Quiz: Section 8:The Business World – Flashcards
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Selling mittens during the winter is an example of which type of utility? (Select the best answer.)
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Time utility
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Making an MP3 player smaller and more portable is an example of which type of utility? (Select the best answer.)
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Form utility
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Which of the following is something a business person might do during the Operate stage of a business? (Select the best answer.)
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Carry out sales, promotion, marketing, and advertising plans
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Which stage of a business is the stage when a business person might hire new employees? (Select the best answer.)
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Start stage
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Which section of a company promotes the business? (Select the best answer.)
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Marketing
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Which section of a company handles things like hiring, firing, and benefits? (Select the best answer.)
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Human resources
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An automobile company with a team who builds cars, a team who tests cars, and a team who sells cars is organized in which way? (Select the best answer.)
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By process
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Which of the following is a business that might need personal liability protection for its owner? (Select the best answer.)
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A doctor's office
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Which of the following is a disadvantage of a sole proprietorship? (Select the best answer.)
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Personal liability
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Which type of corporation is the standard, normal type of corporation? (Select the best answer.)
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C corporation
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A bakery that has high standards for its desserts is demonstrating which factor of success? (Select the best answer.)
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Quality
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Which of the following might experience a factor of failure related to expansion? (Select the best answer.)
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A hair salon that hires new employees immediately after it opens
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What is quality control? (Select the best answer.)
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Procedures to control the quality of your product
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A toy company no longer selling a bicycle with a faulty part is using which risk management strategy? (Select the best answer.)
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Avoiding risk
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Thomas has employees who frequently miss work. This is an example of which cause of risk? (Select the best answer.)
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Human
