B.M. Vocab Quiz 1.01

Lorelei is setting up a system to track all her company's expenses, revenues, and profits to ensure accurate financial records. What business function is she performing?

• Marketing

• Accounting

• Human resource management

• Operations management

Answer explanation

Lorelei is performing the business function of Accounting by setting up a system to track expenses, revenues, and profits for accurate financial records.

Steve works in a department where he handles project tracking, communication management, and data processing. Steve is involved in (a)   .

• Corporate finance

• Administrative services
• Marketing management

• Insurance

Answer explanation

Steve is involved in administrative services as he handles project tracking, communication management, and data processing in his department.

MaKayla just took out a loan from her bank to buy a new car. Which banking service is she utilizing?

• Securities and investments

• Marketing communications

• Insurance

• Banking services

Answer explanation

MaKayla is utilizing banking services by taking out a loan from her bank to buy a new car.

Jeremiah coordinates between the IT team and the marketing department to ensure technology supports the company's goals. What is Jeremiah's role in the company?

• Business information management

• Marketing research

• Operations management

• Human resource management

Answer explanation

Jeremiah's role in the company is business information management as he coordinates between the IT team and marketing department to ensure technology supports the company's goals.

Mya is responsible for creating a strategy for her company’s capital investments and managing the financial planning. What area is Mya working in?

• Marketing communications

• Corporate finance

• Merchandising

• Selling

Answer explanation

Mya is working in the area of corporate finance because she is responsible for creating a strategy for capital investments and managing financial planning.

Steve has come up with a novel idea for a product that has never been seen before. What skill is Steve demonstrating?

• Flexibility

• Self-confidence

• Creativity

• Enthusiasm

Answer explanation

Steve is demonstrating creativity by coming up with a novel product idea that has never been seen before.

David’s positive energy and excitement about the new project inspire his teammates to work harder. What quality does David exhibit?

• Trustworthiness

• Creativity

• Flexibility

• Enthusiasm

Answer explanation

David exhibits enthusiasm because her positive energy and excitement inspire her teammates to work harder, showing her passion and motivation for the new project.

Dontavius is responsible for managing the funds needed to achieve his company’s financial goals. What business function is he performing?

• Marketing management

• Corporate finance

• Merchandising

• Selling

Answer explanation

Dontavius is performing the business function of corporate finance by managing the funds needed to achieve his company's financial goals.

Lucia is in charge of recruiting, training, and evaluating employees at her company. What area does Alyssa specialize in?

• Human resource management

• Insurance

• Marketing management

• Operations management

Answer explanation

Lucia specializes in Human resource management, as indicated in the correct answer choice.

Lorelei quickly adjusts her sales strategy when the market conditions change unexpectedly. What trait is she demonstrating?

• Flexibility

• Enthusiasm

• Trustworthiness

• Marketing research

Answer explanation

Lorelei is demonstrating the trait of flexibility by adjusting her sales strategy when market conditions change unexpectedly.