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9.06 Quiz: Section 8:The Business World

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

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