Business Management Vocab Practice (1.01)

Match the following

• Process of having the right goods in the right place at the right time in order to make a profit

• Merchandising

• The process of obtaining funds and using them to achieve the goals of the business

• Finance

• Reliability; the quality of deserving others’ confidence

• Creativity

• The ability to generate unique ideas, approaches, and solutions

• Trustworthiness

• The process of keeping and interpreting financial records

• Accounting

Define enthusiasm by reordering the following

• intense

• excitement

• or

• interest

__________________________ is a career area in which employees focus on the staffing activities that involve planning, recruitment, selection, orientation, training, performance appraisal, compensation, and safety of employees.

An ​ (a)   is a career area in which ​ (b)   facilitate ​ (c)   through a variety of administrative and ​ (d)   , including information and communication management, ​ (e)   and collection, and project tracking.

• administrative service
• employees
• business operations
• clerical duties
• data processing

_____________________ is a function in a company that manages policy and strategy for (and the implementation of) capital structure, budgeting, acquisition and investment, financial modeling and planning, funding, dividends, and taxation.

True or False: Marketing Management is career area in which employees are primarily concerned with accepting deposits, lending funds, and extending credit to bank customers

Answer explanation

False: A banking service is a career area in which employees are primarily concerned with accepting deposits, lending funds, and extending credit to bank customers.

​ (a)   is a​ (b)   in which employees focus on planning, organizing, directing, and ​ (c)   part or all of a business organization through the ​ (d)   and use of financial, human, and material resources

• General Management
• career area
• evaluating
• allocation

_____________ is an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relations in ways that benefit the organization and its stakeholders.

_______________ is a marketing function that involves determining client needs and wants and responding through planned, personalized communication that influences purchase decisions and enhances future business opportunities.

• Selling

• Marketing Management

• Marketing Communication

• Marketing Research

____________________ is a career area in which employees focus on all marketing functions, including channel management, marketing-information management, pricing, product/service management, promotion, and selling.

• Operations Management

• Marketing Communication

• Marketing Management

• Human Resource Management