WorksheetsUnit 3 Business Essentials
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
non profit
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
oversees the baking process
obtain funding for the 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
different take out boxes
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 lake
promoting new fishing equipment in a popular trade magazine.
changing the bait
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.
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 resource 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
Add a change machine and games to keep the kids busy
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.
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
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?
None 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 through outsourcing 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.
