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WorksheetsPRELIM in APPLIED BUSINESS
Total questions: 30
Worksheet time: 11mins
It is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities.
(a)
All the systems, applications, controls, calculating solutions, methodologies, etc. used by organizations to be able to cope with changing markets, ensure a competitive position in them and improve business performance.
(a)
refers to the applications of science, data, engineering, and information for business purposes, such as the achievement of economic and organizational goals.
(a)
A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
(a)
The activity of setting up a business or businesses, taking on financial risks in the hope of profit.
(a)
It is a business owned and operated by a single person, and requires no registration.
(a)
It is a fully independent business that's made up of multiple shareholders who are provided with stock in a the business.
(a)
WHAT ARE THE 3 MAJOR TYPES OF BUSINESS OWNERSHIP.
PARTERSHIP
SOLE PROPRIETORSHIP
CORPORATION
LIMITED PARTNERSHIP
A business ownership where the employees are tax exempted.
(a)
It is an action or business of promoting and selling products or services, including market research and advertising.
(a)
Which of these does not belong to the 4Ps' of Marketing?
PLACE
PRICE
PRIZE
PRODUCT
He is the father general of management
HENRY PAYOL
HENRI FAYOL
HENRY FAYOLL
HENRY FAYOL
Assign each employee a task that they can become proficient at.
UNITY OF COMMAND
DISIPLINE
DIVISION OF WORK
AUTHORITY
Managers must possess the authority to give orders, and recognize that with authority comes responsibility. As well as rank, Fayol argues that a manager's intelligence, experience and values should command respect.
AUTHORITY
DISCIPLINE
UNITY OF COMMAND
UNITY OF DIVISION
"An employee should receive orders from one supervisor only." Otherwise, authority, discipline, order, and stability are threatened.
COLLECTION INTEREST OVER INDIVIDUAL INTEREST
UNITY OF COMMAND
REMUNERATION
UNITY OF DIRECTION
ENTREPRENEURSHIP is a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
TRUE
FALSE
A product refers to any item that intends to satisfy the needs and wants of a target customer.
TRUE
FALSE
There are seven types of business ownership.
TRUE
FALSE
Henry Fayol is known as the father of general marketing and he created 14 principles of marketing.
TRUE
FALSE
How do 4P'S affects business marketing?
Refers to a set of steps that users have to follow in order to fall into sale.
load magnet
popups
sales funnel
A/B Test
"In medio stat virtus" is a latin saying which means...
popups
sales funnel
blog and news
budget
SWOT means?
(a)
Defined as a privately owned corporation, partnership, or sole proprietorship that has fewer employees and less annual revenue than a corporation or regular-sized business.
(a)
What are the four types of market segmentation?
(a)
A form of business ownership which is owned and controlled by one individual without forming a corporation.
LIMITED LIABILITY COMPANY (LLC)
CORPORATION
SOLE PROPRIETORSHIP
PARTNERSHIP
This form of ownership is preferable to forming a corporation for most small businesses. It has greater flexibility in handling profits and management decisions, especially if several owners are involved.
LIABILITY LIMITED COMPANY (LLC)
LIMITED LIABILITY COMPANY (LLC)
LIABILITY LIMITED CORPORATION (LLC)
LIMITED LIABILITY CORPORATION (LLC)
A business owned and operated for the benefit of the members of the organization that use its services.
PARTNERSHIP
NON-PROFIT
CORPORATION
COOPERATIVE
This is an independent form of ownership with multiple shareholders, and is appropriate for established business with employees.
PARTNERSHIP
NON-PROFIT
CORPORATION
COOPERATIVE
In this type of business ownership the business finance and legal responsibilities must be equally divided.
PARTNERSHIP
NON-PROFIT
CORPORATION
COOPERATIVE
