What is Business Quiz

Accounting:

• The process of recording, maintaining, and reporting an organization’s financial transactions and records.

• 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.

Business:

• ROE is a measure of a company’s financial performance, calculated as net income divided by total shareholder’s equity.

• A for-profit or non-profit organization involved in commercial, industrial, or professional commerce.

Finance:

• A business function that involves people, processes, and systems that collect, organize, store and secure relevant data and information, and makes it accessible and useful for making informed decisions.

• Focuses on the management of the assets, liabilities, equity, and cash flow of an organization, financial analysis like ROI and ROE, and financial planning of future growth.

Human Resources:

• Refers to the people assets who work for an organization, and the business function responsible for recruiting, hiring, onboarding, training, evaluating, and terminating employees.

• An aspirational view of the future, that if the company is successful in accomplishing its mission, the company and/or world might look a certain way.

Information Management:

• The daily functioning of an organization, managing the inputs and outputs, and includes manufacturing, purchasing, and logistics.

• A business function that involves people, processes, and systems that collect, organize, store and secure relevant data and information, and makes it accessible and useful for making informed decisions.

Management:

• Planning, organizing, staffing, controlling and leading people, processes, and assets in order to achieve a goal or task in the best way possible.

• ROI measures the gain or loss generated on an investment, compared to the amount of money invested; ROI is usually expressed as a percentage.

Marketing:

• 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.

• A for-profit or non-profit organization involved in commercial, industrial, or professional commerce.

Mission:

• Planning, organizing, staffing, controlling and leading people, processes, and assets in order to achieve a goal or task in the best way possible.

• A company's purpose; its reason for being; the problem it is solving.

Operations:

• An aspirational view of the future, that if the company is successful in accomplishing its mission, the company and/or world might look a certain way.

• The daily functioning of an organization, managing the inputs and outputs, and includes manufacturing, purchasing, and logistics.

Return on Equity (ROE):

• ROE is a measure of a company’s financial performance, calculated as net income divided by total shareholder’s equity.

• ROI measures the gain or loss generated on an investment, compared to the amount of money invested; ROI is usually expressed as a percentage.