1) What are the 4P's of Marketing? a) Price b) Place c) Product d) Promotion 2) What are the 4 stages of the business cycle ? a) Trough b) Recession c) peak d) expansion 3) What is a business' asset? a) Something that brings value to the business b) Something that loses money to a business 4) What is a business' liability? a) Something that brings value to the business b) Something that loses a business money 5) What is a Producer? a) Produces the good b) Sells the good 6) What is an intermediary? a) Process' the good b) Sells the good 7) ______=liabillities + owners equity a) assets b) liabilities 8) When revenue- expenses = positive number it is a) net income b) net loss 9) What is an example of a good? a) Shoes b) Lawn Service 10) What is an example of a service? a) Shoes b) Lawn Service 11) Each employee has one person they report to and does not jump ahead of this person. This is called a: a) Chain of Command b) Pyramid Scheme 12) What company did we watch a video about business ethics? They were a major energy company that knowingly made accounting errors a) Peabody Energy b) Chick Fil A c) Chase d) Wells Fargo 13) Are all unethical decisions illegal? a) Yes b) No 14) When should you arrive before an interview? a) On time b) 15mWhat communication style do teenagers often use towards their parents to get their way?in early 15) What is internal business communication? a) employee to employee b) employee to customer 16) What are the 4 communication styles & How are they different? a) passive b) agressive c) passive-aggresive d) assertive 17) What communication style do teenagers often use towards their parents to get their way? a) passive b) aggressive 18) How can someone be discriminated against in the workplace? a) race b) height 19) What information is included in a resume? a) home address b) email address c) previous home address 20) Example of a correctly formatted address a) 5401 Heritage Ave, Cville b) 5401 Heritage Ave, Colleyville TX, 76034

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