WorksheetsBusiness Concepts Quiz
Total questions: 15
Worksheet time: 1hrs 15mins
What is the definition of business?
A route or plan of action designed to achieve certain organizational goals and objectives.
A for-profit or non-profit organization involved in commercial, industrial, or professional commerce.
Improving existing products and developing new products in order to meet customer demands.
Collecting, organizing, storing, and securing relevant data and information.
Complete the statement with the best term. Business is about ____________ managing business functions.
information
technology
people
markets
Business means a for-profit or non-profit organization involved in commercial, industrial, or professional commerce. What is the meaning of industrial?
The pursuit of a profit margin.
Customized services provided for a fee
Collecting, organizing, and storing data.
Items that are manufactured.
Business means a for-profit or non-profit organization involved in commercial, industrial, or professional commerce. What is the meaning of commercial?
The pursuit of a profit margin.
Services provided for a fee.
The improvement of services.
Items that are manufactured.
Business means a for-profit or non-profit organization involved in commercial, industrial, or professional commerce. What is the meaning of professional?
The pursuit of a profit margin.
Customized services provided for a fee.
Recording financial transactions and records
Items that are manufactured.
Which business function is responsible for recruiting, hiring, onboarding, training, evaluating, and terminating employees?
Finance/Accounting
Strategy
Human Resources
Marketing
A company’s purpose, reason for being, and problem it is solving is its:
strategy
target market
profit margin
mission
Which business function is a route or plan of action designed to achieve certain goals and objectives?
(a)
Which business function is about collecting, organizing, storing, and securing relevant data and information in order to make informed decisions?
Human Resources
Information Management
Operations
Strategy
Which business function deals with the daily functioning of an organization, managing the inputs and outputs, and includes manufacturing, purchasing, and logistics?
Marketing
Finance/Accounting
Operations
Information Management
Which business function is the enterprise and pursuit of ideation, creation, communication, and delivery of profitable products and services to targeted customers for their benefit and the benefit of society?
Information Management
Human Resources
Operations
Marketing
What is the process of recording, maintaining, and reporting an organization’s financial transactions and records?
Accounting
Finance
Marketing
Strategy
What focuses on the management of the assets, liabilities, and cash flow of an organization, financial analysis like ROI and ROE, and financial planning of future growth?
Accounting
Finance
Information management
Human resources
Which business function helps to ensure quality control during manufacturing and distribution?
Strategy
Finance/Accounting
Human Resources
Operations
A specific procedure or action used to support strategy, in order to achieve goals and objectives, is called:
A tactic
A mission
Operations
A function
