Free Exam: 2011 (Unit #1 - Business Basics Fill-In-Blanks)
Number of Questions in Test: 15
Number of Questions in Preview: 5
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A(n) ____________________ is an something that is not necessary for survival but adds pleasure and comfort to life.
| Type: | Free text |
| Points: | 1 |
| Randomize answers: | No |
Question 2
The quantity of a good or service that consumers are willing and able to buy at a particular price is referred to as ____________________.
| Type: | Free text |
| Points: | 1 |
| Randomize answers: | No |
Question 3
A resource such as equipment, a building, or money that is used to produce goods or services is called a(n) ____________________ resource.
| Type: | Free text |
| Points: | 1 |
| Randomize answers: | No |
Question 4
In a franchise operation, the ____________________ buys the rights to a name, operating procedure, designs, and business expertise from another business.
| Type: | Free text |
| Points: | 1 |
| Randomize answers: | No |
Question 5
If a sole proprietorship business does poorly, the owner is responsible for all the losses and may even lose his or her home and other personal belongings. This is called _______________ _________________.
| Type: | Free text |
| Points: | 1 |
| Randomize answers: | No |