IB Chapter 1.1 Introduction to Business Management

Which business function is the enterprise and pursuit of ideation, creation, communication, and delivery of profitable products and services to targeted customers for their benefit and for the benefit of society as a whole?

• Information Management

• Human Resources

• Operations

• Marketing

Recruitment of staff

• HUMAN RESOURCE MANAGEMENT

• FINANCE AND ACCOUNTS

• MARKETING

• OPERATIONS MANAGEMENT

Susan owns & runs a small art studio and she hires & trains new employees. What function is this?

• Administration function

• Human Resource function

• Marketing function

• Risk management

Mary prepared a short newspaper advert for a business. This is an example of which function?

• Marketing Function

• Purchasing function

• Administration funtion

• Public Relations function

Which of the following is NOT one of the four main economic sector?

Select one:

• a. Primary

• b. Secondary

• c. Sales

• d. Tertiary

The construction industry belongs to the ____________ sector:

Select one

• a. Tertiary

• b. Primary

• c. Secondary

• d. Quarternary

Which following businesses would you classify as being in the secondary sector of industry?

Select one:

• a. A family run farm business

• b. A taxi operating business

• c. An oil exploration company

• d. A shoe manufacturer

The primary sector of the economy includes businesses engaged in which one of the following activities?

Select one:

• a.

  manufacturing

• b. retailing

• c. farming

• d. tourism

What is ONE quality of an entrepreneur?

• flexibility

• honesty

• money

• attitude