Business 101 - Study guides, Class notes & Summaries

sole proprietorship Correct Answer-a business owned (and usually managed) by one person. (most common). unlimited liability partnership Correct Answer-2 or more people legally agree to become co-owners corporation Correct Answer-a legal entity with authority to act and have liability apart from its owners general partnership Correct Answer-all owners share in operating the business and in assuming liability for the business's debts limited partnership Correct Answer-has one or more ...

Straighterline Business Stats Final Exam Questions and Answers Rated A+ The main purpose of descriptive statistics is to Summarize data in a useful and informative manner Which word is NOT part of the definition of descriptive statistics? Predicting A marketing class of 50 students evaluated the instructor using the following scale: superior, good, average, poor, and inferior. The descriptive summary showed the following survey results: 2% superior, 8% good, 45% average, 45% poor, a...

Business 101- Ivy Tech: Questions With Correct Solutions

BUS 101 Intro To Business Exam Questions And Answers...

Business 101 Questions with Complete Solutions

Business 101 Questions and Answers | Latest Version | 2024/2025 | 100% Correct What is the definition of "Revenue"? Revenue refers to the total income generated by a business from the sale of goods or services. What is "Profit"? Profit is the financial gain that occurs when revenue exceeds expenses. Define "Market Share." Market Share is the percentage of an industry or market’s total sales earned by a particular company over a specific period. What is a "T...

What is the CBBS Fees Cap? Correct Answer-The fee is only assessed for the first 40 credit hours in CBBS classes. When do you recieve the fee? Correct Answer-The fee begins ti be assessed for any 300 or 400 level class, $100 per credit hour for Freshman and Sophomores and $1000 per semester for Juniors and Seniors. Accounting Correct Answer-the occupation of maintaining and auditing records and preparing financial reports for a business Accountant Correct Answer-someone who maintains an...

Business 101 Test #1 Questions with complete solutions

Business 101 Exam #1 questions correctly answered to pass

Business Correct Answer-Any activity that seeks to provide goods and services to others while operating at a profit. Business environment Correct Answer-the surrounding factors that either help or hinder the development of businesses Climate change Correct Answer-a change of overall temperatures and weather conditions over time Database Correct Answer-An electronic storage file for information Demographic Correct Answer-The statistical study of the human population with regard to its...