BusinessU Business Units 1-5 to 1-7

Front

A business function that involves people, processes, and systems that collect, organize, store and secure relevant data and information, and makes it accessible and useful for making informed decisions is called:

Back

information management

Front

Relevant, or important and useful, data is helpful for making:

• transactions
• assets
• inspections
• decisions

Back

decisions

Front

A practice or process not generally known outside of the company that owns it, and that has economic value is a/an:

Back

trade secret

Front

Anything that is created from the mind or intellect, like inventions, ideas, or methods, is:

Back

intellectual property

Front

Complete the statement: Strategy is responsible for 10% of a business’s success, while ___________ accounts for the other 90%.

Back

execution

Front

Which of the following is an example of an output?
Options: house, wood, concrete, wiring

Back

house

Front

Sales revenue minus Cost of Goods Sold (COGS) is:

Back

gross profit

Front

To categorize, sort, and transport goods to all their final destinations as efficiently, inexpensively, and carefully as possible is:

Back

distribution

Front

Vanilla for ice cream is obtained through:

Back

purchasing

Front

A manufacturer makes finished products from raw materials and is a type of:

Back

business model