Business Essentials 3.01

Front

A business can be described as a(n)

Back

Organized effort to produce goods and services

Front

A business that exists to fulfill a specific mission or undertaking is called a business.

Back

Nonprofit

Front

Every business must accomplish which of the following: Produce or provide goods/services, Obtain venture capital, Issue corporate bonds, Trade or sell business assets/property

Back

Produce or provide goods/services

Front

Which of the following represents a primary business activity: Scheduling, Designing, Marketing, Supervising?

Back

Marketing

Front

Financial analysis occurs when a business

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Keeps accurate expense records

Front

Within a local pizza shop, financial analysis is most likely used to

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Obtain funding for supplies

Front

Which of the following activities demonstrates human resources management: The business gives its preferred customers a special discount, The business takes care of the responsibilities associated with having employees, The business includes top-level managers in long-term planning, The business acts on new information about a competitor

Back

The business takes care of the responsibilities associated with having employees

Front

Janelle's Creative Supplies is opening an additional location on the other side of town. To successfully operate the new location, Janelle primarily needs

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Additional employees

Front

Which of the following activities demonstrates information management: Storing and retrieving information, Researching customers' needs, Hiring appropriate employees, Conducting employee evaluations

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Storing and retrieving information

Front

TeJuan's Fishing Shack demonstrates effective information management by

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Accessing a list of fishing equipment appropriate for a particular customer