Business Terms Beginner Quiz 5

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Quiz 5
1. What is a business owned by two or more people who share profits and liabilities?
2. What is the process of planning and controlling the efficient flow of goods and services?
3. What represents the difference between the selling price and the cost of an item?
4. What is an individual or group that has an interest in a company's performance?
5. What describes companies that sell similar products or services to the same customers?
6. What is the moral principles that govern a person's or business's behavior?
7. What is a short statement describing the fundamental purpose of an organization?
8. What is an aspirational description of what an organization hopes to achieve in the future?
9. What is the process of choosing the best alternative among several options?
10. What is a measure of how efficiently an organization uses its resources to produce outputs?
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