Business and Finance Quiz

What is the process of recording, maintaining, and reporting an organization’s financial transactions and records called?

• Finance

• Marketing

• Accounting

• Operations

Which term describes a for-profit or non-profit organization involved in commercial, industrial, or professional commerce?

• Finance

• Business

• Strategy

• Mission

What focuses on the management of assets, liabilities, equity, and cash flow of an organization?

• Human Resources

• Marketing

• Finance

• Operations

Which business function is responsible for recruiting, hiring, onboarding, training, evaluating, and terminating employees?

• Information Management

• Human Resources

• Marketing

• Strategy

What involves systems that collect, organize, store, and secure relevant data and information for making informed decisions?

• Management

• Finance

• Information Management

• Operations

Which term refers to planning, organizing, staffing, controlling, and leading people to achieve a goal?

• Management

• Strategy

• Tactic

• Mission

What is the enterprise and pursuit of ideation, creation, communication, and delivery of profitable products and services to targeted customers?

• Operations

• Marketing

• Finance

• Human Resources

What is a company's purpose or reason for being called?

• Strategy

• Mission

• Tactic

• Business

What term describes the daily functioning of an organization, including manufacturing, purchasing, and logistics?

• Operations

• Finance

• Marketing

• Management

How is Return on Equity (ROE) calculated?

• Net income divided by total shareholder’s equity

• Total assets divided by liabilities

• Net profit divided by total sales

• Total revenue divided by expenses