Purposes and Functions of Business

Entrepreneurs enter business because they desire to make money. The term that best describes this is:

• Greed

• Pricing motive

• Profit motive

• Service

Which is not a want?

• Cleaning service

• Entertainment

• Housing/shelter

• Recreational activities

Which is a need?

• Clothes

• Earrings

• Roller Blades

• Skateboard

Which business provides a good?

• Nate's Creative Haircuts

• New Wave Beauty Salon

• Wanda's Beauty Supply

• Zany Manicures

Which business provides a service?

• Microsoft Corporation

• Nike

• Oakley's Sunglasses

• Wave Beauty Salon

Ben works as an accountant for the Rusty Bucket Boutique. What duty does he perform?

• Designing print advertisements

• Hiring employees

• Preparing balance sheets

• Testing computer software

Alek works for Anna's Pizza as a marketer. What duty does he perform?

• Preparing a loading dock schedule

• Preparing where a product will be placed

• Preparing an income statement

• Preparing an organizational chart

Michelle works in the human resources department of Line Upon Line. What duty does she perform?

• Calling customers to ensure satisfaction

• Obtaining new products to replace sold stock

• Processing new employees' payroll paperwork

• Producing the annual company balance sheet

James works as an information tech for Dunkin Donuts. What duty does he perform?

• e-mailing customers to ensure satisfaction

• Processing paperwork for new employees

• Producing income statements

• Testing new computer software

Audrey is the manager at Kute Kitty Kare Animal Hospital. Her function is to:

• Make sure the organization meets goals

• Work with employees to accomplish organizational goals

• Both a and b

• Only a