Business Fundamentals Quiz

What is the process of organizing, controlling resources, people, and tasks in a business called?

• Operations

• Management

• Marketing

• Finance

Which term describes the core function of a business involving day-to-day activities to produce goods or deliver services?

• Marketing

• Finance

• Operations

• Human Resources

What is the management of money within a business known as?

• Finance

• Marketing

• Operations

• Management

Which department is responsible for everything related to a company's employees?

• Marketing

• Human Resources

• Operations

• Finance

What is the term for an organization that produces and sells products or services for profit or a social mission?

• Business

• Operations

• Marketing

• Finance

What are physical items that can be touched, owned, and transferred from one person to another called?

• Services

• Goods

• Operations

• Marketing

What term describes an intangible activity that satisfies a need and is purchased by a consumer?

• Goods

• Services

• Operations

• Marketing

What is a concise declaration defining an organization's fundamental purpose and reason for existence called?

• Business Plan

• Mission Statement

• Marketing Strategy

• Financial Report

What type of company allows the public to buy small parts of it on the stock market?

• Private Company

• Publicly Traded Company

• Non-Profit Organization

• Sole Proprietorship

Which term refers to the sales and promotion of goods and/or services?

• Operations

• Finance

• Marketing

• Management