Business 101 Midterm Questions and Answers | Already passed | Latest Update

What is true about businesses and profits? : earning profits contributes to society by providing employment - earning profits contribute to society by providing employment, which in turn provides money that is reinvested in the economy businesses differ from nonprofit organizations in that a business's focus is on: : profit - businesses strive to earn profits; nonprofit organizations do not. nonprofit organizations do not have the fundamental purpose of earning profits, although they may provide goods or services and engage in fundraising what is a similarity between businesses and nonprofit organizations? : both of them engage in management and finance activities 2 - nonprofit organizations engage in management, marketing, and finance activities to help reach their goals all of the groups that have interest in an organization's success and outcomes are known as the organization's _________ : stakeholders what is a force within an organization's control that has an impact on the business's daily operations? : regulatory environment _________ is an element of the management activity in a business : production what is an example of an intangible product? : a music concert what is true of the responsibilities of the people involved in a business? : the primary responsibility of providing financial resources for the operation of the business lies with the business owner