Unit 3.0 Exam

What is the primary goal of a business that operates for profit?

• To fulfill financial goals

• To satisfy customer needs

• To fulfill a specific mission

What is the role of the finance department in a business?

• Overseeing the use of funds

• Marketing products

• Managing human resources

What is venture capital?

• Money from bank loans

• Money from angel investors

• Money from government grants

What is the process of planning, staffing, leading, and organizing employees called?

• HR Management

• Financial Analysis

• Marketing Strategy

What does financial analysis involve besides obtaining money?

• Accounting and analyzing financial records

• Marketing products

• Designing new products

What is the primary role of human resources management?

• Managing company finances

• Employee training and policy implementation

• Developing marketing strategies

What is information management?

• The process of creating new business ideas

• The process of managing and using business data effectively

• The process of selling products to customers

What is the primary purpose of marketing?

• To create a product

• To deliver value to customers

• To handle financial transactions

What is the role of operations in a business?

• To create marketing strategies

• To manage daily business activities

• To develop new products

What is the primary goal of quality control in a business?

• Increasing production speed

• Ensuring products meet predetermined standards

• Maximizing profit margins