WorksheetsPrinc. BMF-Q1-Review
Total questions: 20
Worksheet time: 10mins
A company's purpose; its reason for being; the problem it is solving.
Target
Goal
Misson
Purple
What is business?
a for-profit or non-profit organization involved in commercial, industrial, or professional commerce
A professional group
people that make money
selling stuff
Business is about people, what is the Human Resources function?
A business functionrelevant data and information
A business fuction all about connecting a business to its target market
A business function that controls the moving pieces and parts of a business
The business function responsible for recruiting, hiring, onboarding, training, evaluating, and terminating employees.
A plan of action designed to achieve certain goals and objectives is...
Target Market
Strategy
Operations
Human Resources
The business function that involves processes and systems that collect, organize, store and secure relevant data and information
Information Management
Mission Statement
Target Market
Strategy
What is the Operations function?
to gather, compile and analyze data
The daily functioning of an organization, managing the inputs and outputs, and includes manufacturing, purchasing, and logistics.
help achieve their goals and objectives.
The business function that interviews potential employees
Marketing is all about...
making informed decisions
use technology
the moving pieces and parts of a business
connecting a business to its target market
A companies inspirational view of the future is called...
Target
Mission
Vision
Strategy
The Six Functions of Business are Human Resources, Strategy, Information Management, ______________ and Marketing vi. Finance/Accounting
Operations
customer service
vision
mission statement
Complete the statement with the best term. Business is about ___________ managing business functions.
Information
Technology
People
Markets
Which business function is responsible for recruiting, hiring, onboarding, training, evaluating, and terminating employees?
Accounting
Strategy
Human Resource
Market
A company’s purpose, reason for being, and problem it is solving is its:
Strategy
Target Market
Profit Margin
Mission
What is the process of recording, maintaining, and reporting an organization’s financial transactions and records?
Accounting
Finance
Marketing
Strategy
Which business function helps to ensure quality control during manufacturing and distribution?
Strategy
HR
Finance & Accounting
Operations
A business model is how a company sells its products to customers and it’s plan for making a __________.
Expense
Invention
Profit
Sales Forecast
Selling your product directly to your end customers without third-party retailers, wholesalers, or other middlemen is called:
Wholesaler
Bricks & Clicks
Nickel & Dime
Direct to Consumer
A Freemium business model:
offers some services for free and charges for advertising space
is a non-profit and offers products for free
offers some basic services for free, and then charges money for certain additional features
offers products and services for free
A business model that charges a regularly scheduled fee, usually monthly or annually, for their products or services, is called:
Freemium
Aggregator
Subscription
SaaS
Kickstarter and GoFundMe are forms of:
Crowdsourcing
Crowdfunding
Freemium
an Aggregator
eBay is a form of:
a manufacturer
a franchise
an auction
an agency
