Business Revision 2

Distinguish the difference between a goal and an objective.

What is the difference between data and information?

Name the steps followed during the purchasing process.

The organizational resources consists of the following:

• mineral, natural and biological

• financial, technological, human and physical.

The secondary sector is responsible for ____

• manufacturing and production.

• extraction of raw materials.

The primary sector is responsible for ____

• manufacturing and production.

• extraction of raw materials.

When wealthy entrepreneurs invest in other business for a share in that business, it is called ___

• angel funding.

• financial grant.

_____ practice refers to how the admin staff should handle their duties.

• Official

• Office

What is an organizational structure?

Name 3 methods of public relations.