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5 Written questions

5 Matching questions

  1. industrial businesses
  2. finance
  3. output
  4. efficiency
  5. production
  1. a firms that produce goods that are often used by other businesses or organizations to make things
  2. b involves making a product or providing a service
  3. c when an organization produces needed goods or services quickly at a low cost
  4. d deals with all money matters related to running a business
  5. e the quantity, or amount, produced within a given time

5 Multiple choice questions

  1. a legal agreement between a company and a distributor to sell a product or service under special conditions
  2. when an organization makes the right decisions in deciding what products or services to offer customers or other users
  3. lets workers decide how to perform their work tasks and offer ideas on how to improve the work process
  4. an organization that produces or distributes a good or service for profit
  5. 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

5 True/False questions

  1. productivityproducing the largest quantity in the least time by using efficient methods and modern equipment

          

  2. servicesbusinesses that provide assistance to satisfy specialized needs through skilled workers

          

  3. entrepreneura person who starts, manages, and owns a business

          

  4. foreign goodsproducts made by firms in the United States

          

  5. service firmsbusinesses that provide assistance to satisfy specialized needs through skilled workers