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5 Written questions

5 Matching questions

  1. industry
  2. ESOP
  3. industrial businesses
  4. franchise
  5. finance
  1. a all businesses within a category
  2. b permits employees to directly own the company in which they work by allowing them to buy shares in it
  3. c a legal agreement between a company and a distributor to sell a product or service under special conditions
  4. d deals with all money matters related to running a business
  5. e firms that produce goods that are often used by other businesses or organizations to make things

5 Multiple choice questions

  1. involves making a product or providing a service
  2. the ability of profit-making organizations to compete with other businesses in other countries
  3. producing the largest quantity in the least time by using efficient methods and modern equipment
  4. firms engaged in marketing, in finance, and in furnishing services
  5. the total market value of all goods produced and services provided in a country in a year

5 True/False questions

  1. third world nationscountries that are underdeveloped, have few manufacturing firms, and have large numbers of poor people who possess few goods

          

  2. 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

          

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

          

  4. total quality management (TQM)a commitment to excellence that is accomplished by teamwork and continual improvement

          

  5. underground economyincome that escapes being recorded in the GDP