1) What are the 4 Ps of Marketing? a) Place b) Prey c) Price d) Promotion e) People f) Product 2) What are the 4 stages of the business cycle? a) Peak b) Trough c) Expansion d) Product e) Growth f) Contraction 3) What is a business asset? a) Items your business owns b) Items your business doesn't own c) Debt d) Chair 4) What is a business liability? a) Loans b) Money a company has c) Debts a company owes d) You 5) What is a producer? a) People who buy goods b) People who don't do anything c) People who sell goods d) People who make or grow goods 6) What is an intermediary? a) Owner of business b) Negotiator between Businesses c) Regular Person d) Buyer 7) _________________ = Assets + Owner’s Equity a) That one b) Liability c) This one d) That one over there 8) When Revenue - Expenses = (A positive number), it is Net ___________ a) Income b) Work c) Worth d) Slide 9) What is an example of a good? a) Technology b) Groceries c) Food d) Clothes 10) What is an example of a service? a) Haircut b) Driving your car c) Oil Change d) Opening door 11) ​​Each employee has one person they report to and does not jump ahead of this person. This is called a: a) Clown b) Boss c) Your mom d) Manager 12) Are all unethical decisions illegal? a) No b) Maybe c) Yes d) Idk 13) When should you arrive before an interview? a) Never b) As soon as it starts c) 5 minutes early d) Whenever you get there 14) What is internal business communication? a) Communication with your mom b) Communication within the business c) All of the above d) Communication with other businesses 15) What are the 4 communication styles? a) Passive b) Annoyed c) Passive - Aggressive d) Assertive e) Aggressive f) Mad 16) What communication style do teenagers often use towards their parents to get their way? a) Passive b) Assertive c) Aggressive d) Passive Aggressive

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