Business Quiz

What is the definition of business?

• A route or plan of action designed to achieve certain organizational goals and objectives.

• A for-profit or non-profit organization involved in commercial, industrial, or professional commerce.

• Improving existing products and developing new products in order to meet customer demands.

• Collecting, organizing, storing, and securing relevant data and information.

Business means a for-profit or non-profit organization involved in commercial, industrial, or professional commerce. What is the meaning of commercial?

• The pursuit of a profit margin.

• Services provided for a fee.

• The improvement of services.

• Items that are manufactured.

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

• Finance/Accounting

• Strategy

• Human Resources

• Marketing

A company’s purpose, reason for being, and problem it is solving is its:

• strategy

• target market

• profit margin

• mission

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

• Accounting

• Finance

• Marketing

• Strategy

Which business function has its own eight functions including the 4Ps?

• Strategy

• Human Resources

• Marketing

Look at the image. Then, answer the question. The image represents:

• entry level employees

• manager of sales

• chain of command

• front line employees

A manager’s ability to make good trade-offs with limited resources, as well as to effectively handle difficult and/or complex business challenges is:

• people skills

• procedural skills

• front-line skills

• problem-solving skills

Inspiring, motivating, influencing and maximizing the efforts of people towards a common purpose is:

• A membership

• B repetitive

• C leadership

• D procedural

The shared beliefs, values, goals, attitudes, and behaviors of a company’s employees is the:

• A company culture

• B company values

• C leadership style

• D management style