Business Management Concepts and Ethics

Front

Business ethics refer to the moral principles a company must follow. What are four components?

Back

Employee and Consumer Transparency, Workplace Diversity, Environmental Awareness, and Corporate Accountability

Front

Types of businesses include sole proprietorships, corporations, limited liability companies, and partnerships. What is the purpose?

Back

Every business is unique, varying in structure, scale, and strategy, so each entity must choose which business to establish based on taxes, control, and flexibility.

Front

What are the four Ps of marketing?

Back

Product, Place, Price, Promotion

Front

Operations management refers to the management of functions that a business needs to run effectively day-to-day. This includes everything except __________.

Back

Asset control

Front

In business finance, budgeting, cash flow analysis, and forecasting are important Because ______________________________.

Back

it provides understanding into the total health and performance of a business.

Front

Human Resources is not responsible for staying current with laws affecting the company and its employees.

Back

False

Front

Before the advancement of technology, marketing might have been geared toward interstate billboard campaigns, word-of-mouth campaigns, television commercials, and newspaper advertisements. Now, marketing includes social media, e-mail marketing, and inbound marketing to attract web trafficking.

Back

True

Front

What is the difference between microeconomics and macroeconomics?

Back

Microeconomics focuses on individuals and business decisions, and macroeconomics focuses on the decisions of countries and governments.

Front

Financial analysts analyze an organization’s __________ financial data to spot trends and assess risks, which helps them predict outcomes for business decisions, identify sale or purchase opportunities and make investment recommendations.

Back

Past