Exploring Business Activities final

Paying taxes, purchasing inventory, preparing payroll checks are all part of 

• management
• accounting
• marketing
• operations

Hospital CEO, nursing home manager, and medical clinic manager are all classified as which business management career

• Health service manager

• Administrative service manger

• Human resource manger

• Public relation manager

Helping to resolve a dispute between two workers in the department is an example of which business management function?

• Controlling

• Organizing

• Leading

• Planning

Caitlin is doing a walk-through to be sure that all the employees are on target to complete the company goals.

• Leading

• Controllng

• Planning

• Organizing

James is creating a list of monthly job duties for the managers in his section. Which business management function is he performing?

• Organizing

• Planning

• Leading

• Controlling

The basic accounting equation is Assets=Liabilities + _______________________.

• Income
• Owner's Equity
• Expenses
• Profit

Anything of value that is owned by the company (such as cash, accounts receivables, vehicles, etc.) are reported on the balance sheet and are referred to as _______________.

• assets
• liabilities
• profit
• income

Paul owns a small sandwich shop. He has been so successful that he is going to open a second shop. He is trying to decide where the shop should be located. Under which marketing function would his action fall?

• product

• place

• pricing

• promotion

When customers rushed to Old Navy to buy jeans for $19.99, the Gap decided to offer customers a similar discount. Under which marketing function does this action fall?

• product

• price

• place

• promotion

A cell phone manufacturing company is working to improve its least popular cell phone. Under which marketing function does this action fall?

• product

• price

• place

• promotion