Business & Management Concepts Vocabulary Quiz

What is the process of creating, growing, manufacturing, or improving products or services?

• Production

• Marketplace

• Planning

• Organization

Where are products sold to the customers?

• Production

• Marketplace

• Planning

• Organization

What type of businesses usually have less than 100 employees and are run by a few managers?

• Small Businesses

• Big Businesses

• Public Businesses

• Electronic Commerce (E-Commerce)

What type of businesses usually have more than 100 employees and can be divided into many different departments?

• Small Businesses

• Big Businesses

• Public Businesses

• Electronic Commerce (E-Commerce)

Which type of businesses are not motivated to earn a profit?

• Small Businesses

• Big Businesses

• Public Businesses

• Electronic Commerce (E-Commerce)

What is the term for any business activity using electronic communication when goods and services are exchanged?

• Production

• Marketplace

• Electronic Commerce (E-Commerce)

• Green Marketing

What is the term for when companies put forth an effort to produce and promote environmentally friendly products?

• Production

• Marketplace

• Electronic Commerce (E-Commerce)

• Green Marketing

What is the term for when a company takes a product off the shelves and requests any purchased product be sent back to the company for the good of the consumer due to an issue with the product?

• Product Recalls

• Vertical Organization

• Horizontal Organization

• Business Plans

What is the organizational system found in traditional businesses where managers look up to supervisors or executives look down to employees?

• Product Recalls

• Vertical Organization

• Horizontal Organization

• Business Plans

What is the organizational system which involves self-management teams who set their own goals and make their own decisions?

• Product Recalls

• Vertical Organization

• Horizontal Organization

• Business Plans