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WorksheetsPOBF Strictly Business 5.03B
Total questions: 15
Worksheet time: 30mins
A business can be described as a(n)
disorganized method of manufacturing products
organized effort to produce goods and services
reasonable way to make a profit
unreasonable means for increasing revenues
A business that exists to fulfill a specific mission or undertaking is called a(n) __________ business.
mission-central
focused
for-profit
nonprofit
Every business must accomplish which of the following:
Produce or provide goods/services
Obtain venture capital
Issue corporate bonds
Trade or sell business assets/property
Financial analysis occurs when a business
communicates with potential customers
keeps accurate expense records
plans for long-term success
effectively retrieves data
Human-resources management is demonstrated in which of the following statements:
The business gives its preferred customers a special discount
The business takes care of the responsibilities associated with having employees
The business includes top-level managers in long-term planning
The business acts on new information about a competitor
An example of information management is demonstrated when a business uses a working system for
storing and retrieving information
researching customers’ needs
hiring appropriate employees
conducting employee evaluations
TeJuan’s Fishing Shack demonstrates effective information management by
accessing a list of fishing equipment appropriate for a particular customer
removing wasted materials from the process of providing goods to customers
promoting new fishing equipment in a popular trade magazine
hiring fishing experts to explain how to use the goods offered.
Marketing is demonstrated in which of the following statements:
The business prepares for long-term success by planning and organizing
The business meets customers’ needs by offering appropriate products
The business expects to merge with another business in the industry
The business hires qualified employees to perform complex job duties
Franco’s Bread Shop is introducing a new type of sandwich bread to the community this week. Which of the following describes the business activity the bread shop is likely involved in:
Collecting information on last year’s new breads
Creating a system for storing new bread recipes
Planning for the long-term results of introducing new breads
Promoting the new bread through advertising
Operations is demonstrated in which of the following phrases:
Keeping accurate financial records
Planning for future success
Producing goods and services
Hiring qualified employees
Making sure that a business has enough of a product in stock without having too much on hand is the goal of
inventory management
production
quality control
human-resources management
Strategic management is demonstrated in which of the following phrases:
Recruiting appropriate employees
Obtaining funds for business projects
Planning and organizing for the future
Regularly updating business processes
When the Pretty Pictures framing business underwent internal restructuring last year, how would its primary business activities have reacted?
They stayed the same
They changed radically
They adjusted according to the internal changes
They adjusted according to the external changes
When Caring Companions and Smiling Pets merged two years ago, how did the two businesses join?
All of the primary business activities combined into one activity
Each primary business activity combined with the matching activity of the other firm
Each primary business activity became two smaller business activities
All of the primary business activities combined into two distinct activities
An example of performing business activities in an “out of the ordinary” way is when a business
operates as the link between customers and products
begins long-term planning and organization
offers a new product in a popular product line
hires an outside firm to perform its marketing
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