WorksheetsWhat is a Business?
Total questions: 15
Worksheet time: 8mins
Name
Class
Date
1.
This refers to a code of behavior that a business will adopt in order to guide how the organization will operate and how it will seek to influence the perception and view of internal and external stakeholders.
a)
Culture
b)
Strategy
c)
Change
d)
Ethics
2.
Growing integration, interdependence and general connectedness of the world through markets, labor mobility and capital transfer.
a)
Innovation
b)
Globalization
c)
Strategy
d)
Culture
3.
This occurs when an invention (or new idea) becomes successful in the market-place. The product attracts customers and is economically sustainable.
a)
Culture
b)
Globalization
c)
Innovation
d)
Ethics
4.
Coordinated plan developed by senior managers involving all aspects of the business such as marketing, finance, operations, and human resources (HR) to move a business towards a new goal or objective.
a)
Strategy
b)
Innovation
c)
Change
d)
Culture
5.
Which of the statements is NOT true about what is a business?
a)
It is an entity that tries to combine all the major business functions
b)
It is possible to create an online business with no additional Human Resources
c)
All businesses must have a physical location.
d)
The majority of business in the developed and developing world are small businesses
6.
This function is responsible for ensuring that employees are organized to allow a business to achieve its objectives and determine the appropriate culture for an organization.
a)
Finance and Accounts
b)
Human Resources
c)
Production/ Operations Management
d)
Marketing
7.
It is concerned with the manufacturing of the product in the case of goods, or with the delivery and execution of a service.
a)
Marketing
b)
Finance and Accounts
c)
Human Resources
d)
Production/ Operations Management
8.
It is designed to manage and report on the economic sustainability of a business
a)
Finance and accounts
b)
Marketing
c)
Productions/ Operations Management
d)
Human Resources
9.
This means to contract (work) out or abroad.
a)
Offshoring
b)
Outsourcing
c)
Human Resources
d)
Marketing
10.
The practice of basing some of a company's processes or services overseas, so as to take advantage of lower costs.
a)
Offshoring
b)
Outsourcing
c)
Production/Operations Management
d)
Marketing
11.
A person with an interest or concern in something, especially a business.
a)
Manager
b)
Stakeholder
c)
Customer
d)
Stockholder
12.
Refers to environmental factors, economic factors, cultural factors and social factors as it relates to increasing economic scarcity, population and social change
a)
Cultural Intelligence
b)
Enterprise
c)
Sustainability
d)
Transparency
13.
Given globalization, the need for a business to undertake activities that helps it discover customs, values, consumers' backgrounds and preferences about potential new markets it may wish to enter.
a)
Sustainability
b)
Enterprise
c)
Cultural Intelligence (CQ)
d)
Transparency
14.
Due to the openess and availability of information rapidly through social networking, businesses need to practice this more often to demonstrate ethical and open business practies.
a)
Cultural Intelligence
b)
Stakeholders
c)
Sustainability
d)
Transparency
15.
Factors that are outside of an organization and can be best described through an acronym STEEPLE: Social, Technological, Economic, Ethical, Political, Legal and Environmental
a)
Transparency
b)
Cultural Intelligence
c)
External Factors
d)
Globalization
100 %
