business

business

University

53 Qs

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Assessment

Quiz

Business

University

Practice Problem

Easy

Created by

Ifeoluwa Adebisi

Used 3+ times

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53 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What business function is responsible for making sure that organizational strategies and goals are aligned with staffing plans?

operations

marketing/sales

finance

management

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A function is responsible for aligning products and services to customer needs. Which function is driving this alignment?

management

operations

finance

marketing/sales

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When an entrepreneur owns and runs a business, they assume risks that are offset by the potential of:

helping the community

becoming famous

providing a service

earning profit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Resources that can be used to produce other goods and services and have been produced are:

labor

capital

human resource

natural resource

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What function is responsible for ensuring that products and services which are produced or provided meet high quality standards?

operations

management

finance

marketing

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business collects demographic information about what potential and current customers purchase, where they live, and how they spend their time. This business is responding to the:

economic environment

social environment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The equation for balance of trade is:

value of exports − value of imports.

value of imports − cost of tariffs.

assets − liabilities.

value of imports − value of exports.

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