IBM Final Exam Fall 2023 Offical

A business whose goal is to give back to the community or donate to a charity rather than to make a profit.

• Non-Profit Organization
• Multinational Corporation
• Corporation
• Franchise

The process of recording and reporting the financial data for a business.

• Accounting
• Management
• Marketing
• Information Technology

The process of leading and directing all people and parts of an organization.

• Management
• Marketing
• Information Technology
• Operations

The process of creating, promoting, and presenting a product to the consumers.

• Marketing
• Information Technology
• Operations
• Human Resources

What is the foundation all businesses are based from?

• Needs and Wants

• Goods and Services

• Profit and Control

• Factors of Production

The process that creates, manufactures, grows or improves a good or service.

• marketing

• management

• finance

• production

The person who purchases a product

• Customer
• B2C (Business to Customer)

• Resources are limited and wants are unlimited.

• Non-Profit Organization

The person who uses a product

• customer
• consumer
• Business Owner

• Accoutning ManagerAccounting

_________ is when a person who is actively searching for employment and is willing and able but is unable to find it​.

• Productivity

• Inflation

• Unemployment

• PPI (Producer Price Index)

Stage of the business cycle when unemployment is high, and production is low.

• Peak

• Recession

• Depression

• Recovery