Unit 4 Test Business Essentials

Front

Which of the following is an example of one of a business's input? service, products, employees, goods

Back

employees

Front

Which operations activity is also referred to a procurement?

Back

purchasing

Front

Deciding how to transport goods is part of which operations activity?

Back

logistics

Front

Which of the following is the most common reason for businesses to search for ways to make their products better and cheaper?
Options: competition, publicity, e-commerce, service marketing

Back

competition

Front

Which of the following is most likely to increase a company's capital assets?
Options: purchasing land for future expansion, obtaining a loan to make payroll, reducing operational expenses, collecting accounts receivables

Back

purchasing land for future expansion

Front

In the marketing concept, whose point of view matters most?

Back

buyer's

Front

How does the finance function relate to company spending?

Back

it plans and controls spending

Front

In an overall sense, where does marketing occur?

Back

wherever customers are

Front

Which of the following business activities monitors and controls the firm's revenue and debt? finance, purchasing, human resources management, payroll

Back

finance

Front

Which financial report provides estimates of when, where, and how much money will come into and out of a business next year? Options: balance sheet, income statement, bank statement.

Back

cash flow