Business Essentials Unit 3/4 Review

Business Essentials Unit 3/4 Review

50 Qs

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Business Essentials Unit 3/4 Review

Business Essentials Unit 3/4 Review

Assessment

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50 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

A business can be described as a(n)

disorganized method of manufacturing products

organized effort to produce goods and services

reasonable way to make a profit

unreasonable means for increasing revenues

2.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

A business that exists to fulfill a specific mission or undertaking is called

a __________ business.

mission central

focused

for-profit

non profit

3.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Every business must accomplish which of the following:

Produce or provide goods/services

Obtain venture capital

Issue corporate bonds

Trade or sell business assets/property

4.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Which of the following represents a primary business activity:

scheduling

designing

marketing

supervising

5.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Financial analysis occurs when a business

communicates with potential customers.

keeps accurate expense records.

plans for long-term success.

effectively retrieves data.

6.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Within a local pizza shop, financial analysis is most likely used to

attract customers

oversees the baking process

obtain funding for the supplies

develop the best recipe

7.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Which of the following activities demonstrates human resources

management:

The business gives its preferred customers a special discount.

The business takes care of the responsibilities associated with having

employees.

The business includes top-level managers in long-term planning.

The business acts on new information about a competitor.

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