Business Lesson 1-1 and 1-2

Front

Which of the following is NOT one of the 6 Business Functions? Human Resources, Strategy, Information Management, Vision

Back

Vision

Front

Operations is...

Back

The daily functioning of an organization, managing the inputs and outputs, and includes manufacturing, purchasing, and logistics.

Front

What definition best describes the meaning of strategy?

Back

A route or plan of action designed to achieve certain goals and objectives

Front

Finance is...

Back

The management of the assets, liabilities, equity, and cash flow of an organization. Includes ROI and ROE

Front

A vision is....

Back

An aspirational view of the future, that if the company is successful in accomplishing its mission, the company and/or world might look a certain way

Front

True or False:
Management: Planning, organizing, staffing, controlling and leading people, processes, and assets in order to achieve a goal or task in the best way possible

Back

True

Front

Return on Equity (ROE) is...

Back

A measure of a company's financial performance, calculated as net income divided by total shareholder's equity

Front

Which business function has its own eight functions including the 4Ps?

Back

Marketing

Front

Which term includes communicating, motivating, guiding, encouraging, giving directions, following up, coaching, assisting, and reviewing?

Back

Leading

Front

Which of the following skills do effective managers need to have? Problem-solving skills, People Skills, Procedural Skills, All of them

Back

All of them