5 Written Questions

1. A business function that involves money management.
2. The business function of planning, organizing, and controlling all available resources to achieve company goals.
3. The demand for industrial goods based on the demand for consumer goods and services.
4. The process of creating, expanding, manufacturing, or improving on goods and services.
5. Channel of distribution that obtains goods from manufacturers and resells them to industrial users, other wholesalers, and retailers.

5 Multiple Choice Questions

1. A group of establishments primarily engaged in producing or handling the same product or group of products or in rendering the same services
   1. Finance
   2. Industry
   3. Production
   4. Retailers
2. A business that seeks to make a profit from its operations.
   1. Global business
   2. For--profit business
   3. Nonprofit organization
   4. Domestic business
3. The dicipline that keeps track of a company's financial situation.
   1. Industry
   2. Accounting
   3. Management
   4. Production
4. A business that sells its products only in its own country.
   1. Retailers
   2. Domestic business
   3. Global business
   4. For--profit business
5. Businesses not associated with government agencies.
   1. Public sector
   2. Private sector
   3. Production
   4. Derived demand

4 True/False Questions

1. Nonprofit organization → The process of creating, expanding, manufacturing, or improving on goods and services.

   True        False

2. Retailers → Channel of distribution that obtains goods from manufacturers and resells them to industrial users, other wholesalers, and retailers.

   True        False

3. Global business → A business that sells its products to more than one country.

   True        False

4. Public sector → Local, state, and federal government agencies and services, such as public libraries and state universities.

   True        False