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Business Quiz (25 points)

By Fifa and Pleum

Business organization
1.what is first step of Business activity?(1)
A.raising capital
B.employ and training employee
C.generating idea
D.buy goods and services
2.FaceBook is a example of a(n)(1)
A.extractor
B.producer
C.intermediary
D.service business
3.what form of ownership that owned by one person?(1)
A.Corporation
B.Proprietorship
C.Partnership
D.Franchise
4. I.the structure of an organization
II.Work relationship
III.job description
Which is not show in organization chart?(1)
A.I,II
B.II,III
C.III
D.II
5.Describe franchise(2)
Franchise is a contract granting permission to operate a business in a set way.
6.Why do we need to use Matrix Organization chart?(3)
To work with specific project,product and customer group.
7.Why do business need Mission statement and how is it different from goal?(3)
Business need to have a reason why it exists. Mission Statement is a reason why
this company exists and what it want to achieve. Goals is step to achieve Mission statement
Entrepreneurship and small business management
1.Explain about entrepreneur(3)
A person who is ready to take risk to gain profit, has real desire for ability to develop
his product from innovative thinking.

2. How many employees should have in a big business?(1)


A. 1- 19
B. 500 or more
C. 100-499
D. 20-99
3.Explain about venture capital(3)
Venture capital is the money that is provided by the sophisticated inventors to the
business to have a good chance to be very profitable in the near future.

4. What does SBA stand for? Explain(2)


Small business Administration. It is the agency who will consult to the new business
man.

5. List the types of financing(3):


- Starting-up financing
- Short-term financing
- Long-term financing
6. How long of the long term finance(1)
A. 1 year or more
B. more than a week but less than a month
C. less than a year but often for two or month month
D. Less than a week

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