Business #1

Which of the following is a similarity between businesses and nonprofit organizations?

Both of them engage in management and finance activities.

Businesses differ from nonprofit organizations in that a business's focus is on:

profit.

Which of the following is NOT a product?

A business profit

Which of the following is an example of an intangible product?

A music concert

Which of the following statements is true about businesses and profits?

Earning profits contributes to society by providing employment.

Which of the following is a force within an organization's control that has an impact on the business's daily operations?

Employees

Which of the following is true of the responsibilities of the people involved in a business?

It is the primary responsibility of the owners to provide financial resources for the operation of the business.

____ is the primary goal of business.

Profit

The functions of organizing, staffing, planning, and controlling are most closely associated with:

managers.

All the groups that have an interest in an organization's success and outcomes are known as the organization's ____.

stakeholders