1-1 What is Business?

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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

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Operations

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Business

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A for-profit or non-profit organization involved in commercial, industrial, or professional commerce.

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Complete the statement: Business is about ___________ managing business functions.

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people

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Industrial

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Items that are manufactured.

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Commercial

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The pursuit of a profit margin.

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Professional

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Customized services provided for a fee.

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Which business function is responsible for recruiting, hiring, onboarding, training, evaluating, and terminating employees? Options: Finance/Accounting, Strategy, Human Resources, Marketing

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Human Resources

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A company’s purpose, reason for being, and problem it is solving is its:

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mission

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Which business function is a route or plan of action designed to achieve certain goals and objectives?

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Strategy

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Which business function is about collecting, organizing, storing, and securing relevant data and information in order to make informed decisions?

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Information Management