Unit 0 business basics
Business Basics Quiz
Test your knowledge of business fundamentals with our engaging quiz! Whether you are a student, teacher, or just curious about basic business concepts, this quiz is designed for you.
- 8 multiple-choice questions
- Learn key business definitions
- Assess your understanding of value creation and business structures
What is a business?
A building that makes goods
Organization/ economic system where goods are exchanged for money.
Food
What is not a characteristic of a business?
Result of people working together in a organized way
Satisfy societal need
Seek to make profit
Making people angry.
What is a goal of a business?
Create value
Value creation
What is an example of creating value?
Postmates
Comedians
Doctors
What is value creation?
Helps people give value to their life.
For creating goods for peoples needs
Capital is...
Filling a void
Doing something to meet a need
Anything that increases ones ability to generate value.
What is a LLC business?
Hybrid form of business; characteristics of corp. & partnership.
Owned by 2 people
Owned by group of people
What is a cooperative business?
Owned by 1 person
Business organization owned by group of people & operated for mutal benefit.
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