Business Activities Unit Eagles Business

A business can be described as a(n)

• Unreasonable means for increasing revenues
• Reasonable way to make a profit
• Disorganized method of manufacturing products
• Organized effort to produce goods and services

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

• Nonprofit
• Mission-central
• Focused
• For-profit

Every business must accomplish which of the following:

• Issue corporate bonds
• Trade or sell business assets/property
• Obtain venture capital
• Produce or provide goods/services

Which of the following represents a primary business activity:

• Scheduling
• Marketing
• Designing
• Supervising

Financial analysis occurs when a business

• Communicates with potential customers
• Keeps accurate expense records
• Plans for long-term success
• Effectively retrieves data

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

• Obtain funding for supplies
• Oversee the baking process
• Develop the best recipe
• Attract customers

Which of the following activities demonstrates human resources management:

• The business includes top-level managers in long-term planning
• The business acts on new information about a competitor
• The business gives its preferred customers a special discount
• The business takes care of the responsibilities associated with having employees

Janelle’s Creative Supplies is opening an additional location on the other side of town. To successfully operate the new location, Janelle primarily needs

• More advertising spots
• Extra free time
• Additional employees
• New carpet and paint

Which of the following activities demonstrates information management:

• Hiring appropriate employees
• Researching customers’ needs
• Storing and retrieving information
• Conducting employee evaluations

TeJuan’s Fishing Shack demonstrates effective information management by

• Removing wasted materials from the process of providing goods to customers
• Promoting new fishing equipment in a popular trade magazine
• Accessing a list of fishing equipment appropriate for a particular customer
• Hiring fishing experts to explain how to use the goods offered