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5 Written questions

5 Matching questions

  1. domestic goods
  2. ESOP
  3. mass production
  4. service firms
  5. total quality management (TQM)
  1. a a commitment to excellence that is accomplished by teamwork and continual improvement
  2. b businesses that provide assistance to satisfy specialized needs through skilled workers
  3. c when up-to-date equipment and assembly line mehtods are used to produce large quantities of identical goods
  4. d products made by firms in the United States
  5. e permits employees to directly own the company in which they work by allowing them to buy shares in it

5 Multiple choice questions

  1. a legal agreement between a company and a distributor to sell a product or service under special conditions
  2. the quantity, or amount, produced within a given time
  3. an employee who is given funds and freedom to create a special unit or department within a company in order to develop a new product, process, or service
  4. firms engaged in marketing, in finance, and in furnishing services
  5. when an organization produces needed goods or services quickly at a low cost

5 True/False questions

  1. small businessan organization that produces or distributes a good or service for profit

          

  2. industryrefers to the number of similar products that will be offered for sale at a particular time and at a particular price

          

  3. supplyrefers to the number of similar products that will be offered for sale at a particular time and at a particular price

          

  4. entrepreneuran employee who is given funds and freedom to create a special unit or department within a company in order to develop a new product, process, or service

          

  5. financedeals with all money matters related to running a business