Can You Answer These Business Basics Questions?

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  • 1/9 Questions

    A single - unit business is also called a(n)

    • Unibusiness
    • Independent business
    • All-in-one business
    • Location limited business
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About This Quiz

This quiz will test your knowledge about the content of Chapter 15

Can You Answer These Business Basics Questions? - Quiz

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  • 2. 

    A sole proprietor is the sole owner and operator of the business

    • True

    • False

    Correct Answer
    A. True
    Explanation
    A sole proprietor is a type of business ownership where a single individual owns and operates the business. This means that the individual has complete control over the business and is solely responsible for its operations, profits, and losses. There are no partners or shareholders involved in the business, making the sole proprietor the sole owner. Therefore, the given statement that a sole proprietor is the sole owner and operator of the business is true.

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  • 3. 

    The people who are responsible for the running of the ENTIRE company.

    • Upper Management

    • Supervisory Management

    • Middle Management

    • Crooks (see AIG)

    Correct Answer
    A. Upper Management
    Explanation
    Upper management refers to the individuals who hold the highest positions within a company and are responsible for making important strategic decisions that impact the entire organization. They oversee the overall operations, set goals, and define the company's vision and mission. Upper management includes top-level executives such as CEOs, presidents, and vice presidents. They have the authority to make final decisions and are accountable for the success or failure of the company.

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  • 4. 

    Hotels are typically divided between the rooms division and the Food and Beverage division. However, there may be other divisions in the hotel. What are they?

    • Security

    • Accounting

    • Sales

    • Human Resources

    • ALL OF THE ABOVE

    Correct Answer
    A. ALL OF THE ABOVE
    Explanation
    The correct answer is ALL OF THE ABOVE. In addition to the rooms division and the Food and Beverage division, hotels may have other divisions such as Security, Accounting, Sales, and Human Resources. These divisions are essential for the smooth functioning of the hotel and to ensure that all aspects of the business are properly managed and maintained.

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  • 5. 

    A division that sells a product that brings a business money is called a revenue center.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    A division that sells a product that brings a business money is called a revenue center because it generates revenue for the business through its sales activities. This division is responsible for generating income and contributing to the overall financial success of the company.

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  • 6. 

    True or False : Restaurants have two main divsions, Front of the house and Back of the house.

    • True

    • False

    • I slept through this class when they taught this

    Correct Answer
    A. True
    Explanation
    Restaurants typically have two main divisions, the front of the house and the back of the house. The front of the house refers to the areas that are visible to the customers, such as the dining area, host stand, and bar. This is where guests are greeted, seated, and served. On the other hand, the back of the house includes the kitchen, storage areas, and offices, where food is prepared, cooked, and stored. These two divisions work together to ensure the smooth operation of a restaurant.

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  • 7. 

    The five management functions are: Planning, Leading, Staffing, Firing and Controlling.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    The given statement is false because the correct five management functions are: Planning, Organizing, Leading, Staffing, and Controlling. Firing is not considered as one of the management functions.

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  • 8. 

    There are three management levels. Which one is closest to the workers?

    • Upper Management

    • Supervisory Management

    • Middle Management

    • Divisional Management

    Correct Answer
    A. Supervisory Management
    Explanation
    Supervisory management is closest to the workers because they directly oversee and guide the day-to-day activities of employees. They are responsible for ensuring that tasks are completed efficiently and effectively, providing feedback and support to workers, and addressing any issues or concerns that may arise. Supervisory managers typically have a direct line of communication with workers and play a crucial role in maintaining a productive and harmonious work environment.

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  • 9. 

    Explain in one paragraph the three types of business ownership (sole proprietorship, partnership, corporation).

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  • Current Version
  • Nov 16, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Mar 24, 2009
    Quiz Created by
    Justinktadlock

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