Business Functions Quiz

Which function of business involves managing the organization's workforce, including recruitment and training?

• Strategy

• Information Management

• Human Resources

• Marketing

What is the primary focus of the Strategy function in business?

• Managing financial resources

• Setting goals and determining the best course of action

• Promoting and selling products

• Managing the workforce

Which business function is responsible for the collection, storage, and analysis of data to support decision-making?

• Operations

• Marketing

• Information Management

• Finance/Accounting

What activities are involved in the Marketing function of a business?

• Recruitment and training

• Promoting, selling, and delivering products

• Budgeting and financial analysis

• Data collection and analysis

Which function of business deals with the production, delivery, and quality control of goods or services?

• Operations

• Human Resources

• Finance/Accounting

• Strategy

What does the term "Operations" refer to in a business context?

• The activities involved in promoting and selling products

• The management of financial resources

• The activities involved in the production, delivery, and quality control of goods or services

• The process of setting goals and determining the best course of action

Which of the following is included in the activities of Marketing?

• Inventory management

• Market research

• Financial planning

• Goal setting

What is the primary focus of Finance in an organization?

• Promoting and selling products

• Managing financial resources

• Recording and reporting financial transactions

• Setting organizational goals

Return on Equity (ROE) measures the profitability of a company by comparing its net income to what?

• Total assets

• Total liabilities

• Shareholders' equity

• Gross revenue

What is the purpose of Return on Investment (ROI)?

• To measure the efficiency of production processes

• To evaluate the profitability of an investment

• To determine the market share of a company

• To assess the quality of customer service