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WorksheetsBE Lesson 3.01
Total questions: 20
Worksheet time: 10mins
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 __________ 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
Which of the following represents a primary business activity:
Scheduling
Designing
Marketing
Supervising
Financial analysis occurs when a business
communicates with potential customers
keeps accurate expense records
plans for long-term success
effectively retrieves data
Within a local pizza shop, financial analysis is most likely used to
attract customers
oversee the baking process
obtain funding for supplies
develop the best recipe
Which of the following activities demonstrates human resources management:
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
Janelle’s Creative Supplies is opening an additional location on the other side of town. To successfully operate the new location, Janelle primarily needs
new carpet and paint
extra free time
more advertising spots
additional employees
Which of the following activities demonstrates information management:
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
Which of the following activities demonstrates the primary business activity of marketing:
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 that the bread shop will likely partake in before the release:
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
Which of the following behaviors best describes the primary business activity of operations:
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
Which of the following behaviors demonstrates the primary business activity of strategic management:
Recruiting appropriate employees
Obtaining funds for business projects
Planning and organizing for the future
Regularly updating business processes
For the long-term success of the business, Stacey’s Coffee House has decided to add a self-serve laundromat. Which of the following behaviors describes the business activity that Stacey’s Coffee House was likely engaged in before making this decision:
Determining what will put it in reach of its goals
Establishing a system for retrieving information
Promoting its new service to potential customers
Organizing itself for meeting its objectives
Which of the following demonstrates the interrelationship among primary business activities:
A business changes its goals, so its strategies and tactics change, too
A new product is introduced, so business advertisements must adjust
A business manager becomes vice president, so his/her department must adjust to the change
One business activity changes, so the others must adjust
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, what was the most likely effect on the primary business activities of both companies?
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
