Worksheets1-1 What is Business?
Total questions: 15
Worksheet time: 8mins
A business function that involves people, processes, and systems that collect, organize, store and secure relevant data and information, and makes it accessible and useful for making informed decisions.
Information Management
Financial Accounting
Human Resource Planning
Marketing Analysis
Planning, organizing, staffing, controlling and leading people, processes, and assets in order to achieve a goal or task in the best way possible.
Management
Delegation
Supervision
Coordination
The enterprise and pursuit of ideation, creation, communication, and delivery of profitable products and services to targeted customers for their benefit and for the benefit of society as a whole.
Marketing
Accounting
Manufacturing
Logistics
A company's purpose; its reason for being; the problem it is solving.
Mission
Revenue
Product
Strategy
The daily functioning of an organization, managing the inputs and outputs, and includes manufacturing, purchasing, and logistics.
Operations
Marketing
Finance
Human Resources
A measure of a company’s financial performance, calculated as net income divided by total shareholder’s equity.
Return on Equity (ROE)
Earnings Per Share (EPS)
Debt to Equity Ratio
Current Ratio
The measure of gain or loss generated on an investment, compared to the amount of money invested; is usually expressed as a percentage.
Return on Investment (ROI)
Gross Domestic Product (GDP)
Net Present Value (NPV)
Liquidity Ratio
A route or plan of action designed to achieve certain goals and objectives.
Strategy
Obstacle
Routine
Distraction
A specific procedure or action used to support strategy, in order to achieve goals and objectives.
Tactic
Vision
Mission
Policy
An aspirational view of the future, that if the company is successful in accomplishing its mission, the company and/or world might look a certain way.
Vision
Strategy
Goal
Policy
The process of recording, maintaining, and reporting an organization’s financial transactions and records.
Accounting
Auditing
Budgeting
Marketing
A for-profit or non-profit organization involved in commercial, industrial, or professional commerce.
Business
Government
Charity
School
Focuses on the management of the assets, liabilities, equity, and cash flow of an organization, financial analysis like ROI and ROE, and financial planning of future growth.
Finance
Marketing
Human Resources
Operations
Refers to the people assets who work for an organization, and the business function responsible for recruiting, hiring, onboarding, training, evaluating, and terminating employees.
Human Resources
Financial Accounting
Supply Chain Management
Marketing
What is the meaning of industrial?
Customized services provided for a fee
The pursuit of a profit margin.
Items that are manufactured.
Collecting, organizing, and storing data.
