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

To successfully operate the new location of Janelle’s Creative Supplies, 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.