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Cards 1
Travel Agencies are Merchandising Businesses.
Yes
No
Cards 2
Entrepreneurs take risks to start their own businesses.
Yes
No
Cards 3
Department Stores provide services for a fee.
Yes
No
Cards 4
Businesses compete to attract the customers they need to continue operating.
Yes
No
Cards 5
Tire Factories are Service Businesses.
Yes
No
Cards 6
Bakeries are Service Businesses.
Yes
No
Cards 7
Entrepreneur is the person who transforms ideas for products or services into real-world business.
Yes
No
Cards 8
Manufacturing Businesses buy raw materials, use labor and machinery to transform them into finished goods.
Yes
No
Cards 9
Business success is measured normally by their Profit.
Yes
No
Cards 10
Owners & Investors depend on accountants to report the results of the operations.
Yes
No
Cards 11
Merchandising Businesses buy finished products and resell them to individuals or other businesses.
Yes
No
Cards 12
Real Estate is a Manufacturing Business.
Yes
No
Cards 13
The Accounting Systems are designed to collect, document, and report on financial transactions affecting the business.
Yes
No
Cards 14
Loss is the money earned over and above the amount spent to keep the business operating.
Yes
No
Cards 15
Service Businesses provide needed service for a fee.
Yes
No
Cards 16
Investing in technology can improve business efficiency.
Yes
No
Cards 17
Individuals are free to use their money as they wish (spend it, save it, invest it, or donate it).
Yes
No
Cards 18
Inflation can impact the economy and businesses.
Yes
No
Cards 19
Car Wash is a Manufacturing Business.
Yes
No
Cards 20
There are Manual & Computerized accounting systems.
Yes
No
Cards 21
Shipbuilders are Service Businesses.
Yes
No
Cards 22
Salons are Merchandising Businesses.
Yes
No
Cards 23
Car Dealers are Service Businesses.
Yes
No