Business 101
Which of the following is an example of a service firm?
Cotton Mill
Juice Factory
Mine
Landscape Company
What is a Landscape Company
Words, Symbols, Names or devices used to specify goods and differentiate one good from another is defining which of the following?
What is a Trademark.
4 Types of Business Ownership
What is Sole Proprietorship, Corporation, Franchise, Partnership.
The two basic parts of a budget are what?
What is Income and Expenses
FMLA (Family Medical Leave Act) allows how many weeks of unpaid, job protected leave per year?
What is 12 weeks.
Items of value owned by a business are known as what?
What are Assets
The unique name which identify internet sites and businesses
What is a Domain Name
A business which is owned and operated by one individual
What is a Sole Proprietorship
Rent is an example of what kind of expense?
What is a fixed expense.
An entrusted person who converts other's assets or property for his or her own use?
What is embezzlement
Debts or Obligations of a business
What are Liabilities
Activities used to persuade consumers they need the product?
What is Promotion
A ______ is a legal agreement between two or more people and is the least common form of business.
What is a Partnership.
What is the most liquid asset?
What is Cash
All parties who interact with a business
What is a Stakeholder
A _________ is a systematic grouping of individuals which has been brought together to accomplish a goal.
What is an Organization.
Protections provided by authors of original works such as literature.
What is Copyrights
Which of the following is not a type of business ownership?
Partnership
Sole Proprietorship
Entrepreneurship
Franchise
What is an Entrepreneurship
What is an Income Statement.
What are the three branches of government?
Executive, Judicial and Legislative
Grouping of individuals into departments.
What is departmentalization.
Grants of intellectual property rights to the inventor.
What is a Patent.
Individuals who invest money in various types if companies in search of making a profit are known as what?
What is Investors.
How often should you update and modify your budget?
What is Monthly or Weekly
Federal Agency regulating and investigating workplace incidents.
What is OSHA