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Business Structure: True or False?

Yes or No

Played 17

About this activity

Guess true statements about business basics.

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Business Structure: True or False?
 

Business Structure: True or False?Online version

Guess true statements about business basics.

by Tammie Davis
1

Policies & Procedures are unimportant in a business.

2

The operations plan focuses only on long-term goals, not day-to-day activities.

3

The management team are the leaders who run the business.

4

An entrepreneur is a person who starts and runs a business.

5

Suppliers are mainly responsible for selling products to customers.

6

Innovation involves creating something new or improving something.

7

The organizational structure defines roles and responsibilities.

8

Innovation is about copying existing products.

9

Distribution describes how products get to customers.

10

Location means the business operates only from a single fixed address and never remotely.

11

A plan for how money will be spent.

12

Predictions of future income and expenses.

13

When revenue equals expenses.

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