Organizations
A group of individuals working towards a common goal is called:
Organization
What type of business is: Sam's Club
Intermediary
What level of business would the following be:
Waller Tire Shop
Single Unit
What is the business equation?
Assets-Liability=Equity
What department of business is a CEO or Owner?
Management
The leadership style that is laid-back and uninvolved is called:
(be sure to SPELL CHECK)
Laissez-faire Leadership
What type of business turns raw goods into a more finished form?
Processors
What level of business includes more than one location, but each of them offers different services?
Multi Unit
The net ownership of a business is called:
Equity
What department of business would the following position be: Chick-Fil-A Fry Cook
Production
Employees having only one supervisor to report to is called....
Chain of Command
What type of business raises cattle that will be sent for meat production?
Producer
If a business wants to expand, but they want to offer a package for others to open a location using their branding and methods, this is called...
Franchise
Items of value that a business or person owns are called:
Assets
Which department of business would the following position be: Amazon Driver
Distribution
When looking at levels of leadership, what level of leadership would a McDonald's fry cook be?
Operational Worker
What type of business is:
Ford Assembly Plant
List one franchise operation:
Chick-Fil-A
Cane's
or Similar
A business owes money to its supplier, this is called:
Liability
Which department of business deals with ethics, laws, and training new employees?
Human Resources
When looking at leadership styles, what type of leader do you believe HITLER was?
Autocratic, one leader
What type of business is:
American Society for the Protection of Cruelty of Animals (ASPCA)
Non-Profit
What level of business would the following be:
Apple
(iPhones, iPads, etc.)
Chain
(non-franchise, they own and operate all of their locations)
A clothing business is currently renting a building worth $20,000. They owe $6,000 to their supplier and need to pay $2,000 to employees for their paychecks. What is the business's current equity?
-$8,000
(negative!)
Which two departments of business deal with money within a business?
Finance & Accounting