Unit 3 Business Essentials

Front

A business can be described as a(n)

Back

organized effort to produce goods and services

Front

A business that exists to fulfill a specific mission or undertaking is called a __________ business.

Back

non profit

Front

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

Back

Produce or provide goods/services

Front

Which of the following represents a primary business activity: scheduling, designing, marketing, supervising?

Back

marketing

Front

Financial analysis occurs when a business keeps accurate expense records.

Back

keeps accurate expense records.

Front

Within a local pizza shop, financial analysis is most likely used to

Back

obtain funding for the supplies

Front

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.

Back

The business takes care of the responsibilities associated with having employees.

Front

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, more advertising spots, additional employees.

Back

additional employees

Front

Which of the following activities demonstrates information management: Storing and retrieving information, Researching customers’ needs, Hiring appropriate employees, Conducting employee evaluations

Back

Storing and retrieving information

Front

TeJuan’s Fishing Shack demonstrates effective information management by accessing a list of fishing equipment appropriate for a particular customer.

Back

accessing a list of fishing equipment appropriate for a particular customer.