Business and Entrepreneur Study Guide

Which Function of Business deals with the 'back office' and completes ll paperwork that must be finished to keep the business running smooth

• Accounting

• Management

• Operations

• Human resources

Being open to change, negativity, and being kind are:

• attitudes

• data

• interests

• things

what is a personal characteristic of successful entrepreneur who is not afraid to ask questions to solve problems

• persistent

• creative

• responsible

• Inquisitive

What is a personal characteristic of a successful entrepreneur who constantly looks for new ways to solve

problems?

• persistent

• creative

• responsible

• inquisitive

Which is an example of a human resources function for a business?

• Calling customers to ensure satisfaction

• Obtaining new products to replace sold stock

• Processing new employees payroll paperwork

• Producing the annual company balance sheet

Which is an example of an accounting function for a business?

• Designing print advertisements

• Hiring employees

• Preparing a balance sheet

• Testing computer software

What is a difference between wants and needs?

• Needs are goods and wants are services.

• Needs are necessary for survival, wants are nice to have.

• Needs are nice to have, wants are necessary for survival.

• Needs are services and wants are goods.

Which function of a business makes sure that the organization meets its goals and obligations in every

department?

• Information Technology

• Management

• Human Resource

• Operations

What is a personal characteristic of a successful entrepreneur who is accountable for his or her actions?

• Persistent

• Creative

• Responsible

• Inquisitive

Which function of a business maintains computer hardware and software?

• Information Technology

• Operations

• Accounting

• Marketing