What is accounting?
A) Recording and organizing financial information
Which business has one owner?
A) Sole proprietorship
What does obsolete mean?
C) No longer useful
Which ownership shares responsibility?
B) Partnership
Who owns a cooperative?
C) Members
Advertising is part of which P?
D) Promotion
When prices rise demand usually?
B) Decreases
Who oversees a corporation?
C) Board of Directors
Who buys the franchise rights?
A) Franchisee
Who owns the brand?
B) Franchiser
An ethical dilemma involves?
C) A difficult moral choice
Which is part of marketing?
A) Product
Labor refers to?
B) Human effort
Capital includes?
C) Tools and equipment
Importing means?
A) Buying from another country
Exporting means?
B) Selling to another country
Outsourcing means?
C) Hiring outside services
Quality control ensures?
B) Standards are met
Productivity measures?
A) Efficiency
Initial training happens?
A) When hired
Retraining teaches?
B) New skills
Ongoing training is?
C) Continuous learning
Which leadership style gives freedom?
C) Laissez-faire
