WorksheetsBusiness Functions and Concepts Quiz
Total questions: 20
Worksheet time: 10mins
Which business function is responsible for recruiting, hiring, onboarding, training, evaluating, and terminating employees?
Human Resources
Marketing
Accounting
Operations
What is the process of recording, maintaining, and reporting an organization’s financial transactions and records called?
Accounting
Strategy
Management
Marketing
Which term describes a company’s purpose, its reason for being, and the problem it is solving?
Mission
Vision
Tactic
Operations
Which business function involves planning, organizing, staffing, controlling, and leading people, processes, and assets to achieve a goal or task in the best way possible?
Management
Marketing
Information Management
Accounting
Complete the outline with the correct term. The Six Functions of Business i. Human Resources ii. Strategy iii. Information Management iv. _______ v. Marketing vi. Finance/Accounting
Operations
Logistics
Procurement
Legal
Which business function involves people, processes, and systems that collect, organize, store, and secure relevant data and information to make informed decisions?
Information Management
Operations
Strategy
Marketing
What is typically measured as the gain or loss generated on an investment, compared to the amount of money invested, and is normally expressed as a percentage?
Return on Investment (ROI)
Mission
Strategy
Operations
Which of the following best describes "strategy" in a business context?
A specific procedure or action used to support strategy, in order to achieve goals and objectives.
The enterprise and pursuit of ideation, creation, communication, and delivery of profitable products and services.
The daily functioning of an organization.
A for-profit or non-profit organization involved in commerce.
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.
A company’s purpose, reason for being, and problem it is solving is its:
strategy
mission
marketing
finance
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
Human Resources
What is the process of recording, maintaining, and reporting an organization’s financial transactions and records?
Accounting
Finance
Marketing
Strategy
A specific procedure or action used to support strategy, in order to achieve goals and objectives, is called:
A tactic
A mission
A vision
A policy
Which term describes the ability to care, empathize, and understand the needs of others?
Technical skills
Human skills
Conceptual skills
Analytical skills
A furniture store manager has been tasked with increasing the sales of higher-priced items such as couches and mattresses by 25%. So, the manager determines the necessary resources and actions that will need to be taken to reach that goal by:
organizing
planning
controlling
leading
Widgets Co. store managers have set a goal to increase their customer base by 10% over the next three months. The managers have determined that to meet their goal they will need to hire at least five new salespeople. Recruiting, interviewing, and hiring these new employees is:
planning
controlling
staffing
organizing
A clothing store manager launched a new ad campaign online to increase consumer awareness of a new clothing line the store carries. To check if the ad campaign is producing the desired results, the manager tracks customer impressions and the reach of the online ads. Tracking data against the goal to increase customer awareness is an example of:
controlling
planning
staffing
organizing
A manager’s ability to make good trade-offs with limited resources, as well as to effectively handle difficult and/or complex business challenges is:
people skills
procedural skills
front-line skills
problem-solving skills
Inspiring, motivating, influencing and maximizing the efforts of people towards a common purpose is:
membership
repetitive
leadership
procedural
The shared beliefs, values, goals, attitudes, and behaviors of a company’s employees is the:
company culture
company values
leadership style
management style
