Introduction to Business 2023 Unit 1 Review

Business is about ___________ managing business functions.

• information

• technology

• people

• markets

Which business function is responsible for recruiting, hiring, onboarding, training, evaluating, and terminating employees?

• 
  Finance/Accounting

• Strategy

• Human Resources

• Marketing

A company’s purpose, reason for being, and problem it is solving is its:

• strategy

• target market

• 
  profit margin

• mission

Which business function is a route or plan of action designed to achieve certain goals and objectives?

• Strategy

• Finance/Accounting

• Human Resources

• Marketing

Which business function is about collecting, organizing, storing, and securing relevant data and information in order to make informed decisions?

• 
  Human Resources

• Information Management

• Operations

• Strategy

Which business function deals with the daily functioning of an organization, managing the inputs and outputs, and includes manufacturing, purchasing, and logistics?

• Marketing

• Finance/Accounting

• Operations

• 
  Information Management

Which business function is 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?

• Information Management

• Human Resources

• Operations

• Marketing

What is the process of recording, maintaining, and reporting an organization’s financial transactions and records?

• Accounting

• Finance

• Marketing

• Strategy

What focuses on the management of the assets, liabilities, and cash flow of an organization, financial analysis like ROI and ROE, and financial planning of future growth?

• Accounting

• Finance

• 
  Information management

• 
  Human resources

Which business function has its own eight functions including the 4Ps?

• Strategy

• Human Resources

• Marketing

• Information Management