Key Terms in Business Management

The definition of Human resources is:

• The department of a business or organization that deals with the hiring, administration, and training of staff.

• A resource that is human in nature.

• The study of human behavior in organizational settings.

• A branch of anthropology focused on human societies.

The role of Information management in business is to:

• store and organize data efficiently.

• create marketing strategies.

• manage employee relations.

• design company logos.

Which of the following activities are included in the Management function?

• Planning, Organizing, Leading, Controlling

• Planning, Designing, Coding, Testing

• Researching, Developing, Marketing, Selling

• Analyzing, Synthesizing, Evaluating, Creating

Management information system (MIS) refers to:

• a system for managing information in an organization

• a type of computer hardware

• a method of personal data storage

• a programming language

The purpose of Staffing in an organization is to:

• hire and train employees

• increase product sales

• develop new products

• manage financial accounts

What is Strategic planning?

• A process for defining strategy and making decisions on allocating resources to pursue this strategy

• A method of financial accounting

• A type of marketing strategy

• A form of operational management

Tactical planning is:

• a short-term planning process that focuses on the implementation of specific aspects of a company's strategic plan

• a long-term planning process that focuses on the overall direction of a company

• a financial planning process that focuses on budgeting and forecasting

• a human resource planning process that focuses on employee development

What is the Spanish translation for 'Market analysis'?

• Análisis de mercado

• Estudio de mercado

• Investigación de mercado

• Evaluación de mercado

What is the Spanish translation for 'Advertising'?

• Publicidad

• Anuncio

• Promoción

• Difusión

The Spanish translation for 'Inflation' is:

• Inflación

• Deflación

• Recesión

• Crecimiento