Principles of Business, Marketing and Finance

There are three types of business activities discussed in Chapter 1. What kind of activities make up the majority of daily activities conducted by a business?

• Operational

• Invesing

• Financial

• Promotional

What kind of activities deal with using money to create wealth over time?

• Business

• Financial

• Investing

• Operational

Which activities involve input and output of money into a business?

• Financial

• Promotional

• Investing

• Operational

Which of a company’s business functions involve all activities concerning the creation of products?

• Marketing

• Management

• Production

• Finance

Which of a company’s business functions serves to ensure the business is meeting the demand of its customers and able to compete with other companies?

• Production

• Marketing

• Management

• Finance

Which of a company’s business functions involve daily choices about the direction of business activities?

• Production

• Management

• Finance

• Marketing

Which of a company’s business functions involve daily activities that involve money, such as budgeting, paying employees, collecting money and performing accounting procedures?

• Management

• Production

• Marketing

• Finance

Which of the following crucial roles do businesses play in a society?

• Providing Products

• Creating Markets

• Increasing Economic Benefits

• All of the above

Economic resources are divided into how many categories?

• 3

• 6

• 9

• 12

Which economic resource includes all of a nation’s natural resources, or raw materials found in nature?

• Land

• Labor

• Capital

• None of the above