Understanding Organizations and Business Functions Quiz

What is the main purpose of commercial businesses?

• To conduct research

• To support community initiatives

• To make a profit

• To provide services for free

Which of the following is an example of a not-for-profit organization?

• Manufacturing company

• Retail store

• Restaurant

• Charity

What type of product is a service considered to be?

• Tangible

• Intangible

• Physical

• Digital

Which business function is responsible for managing a company's finances?

• Marketing

• Sales

• Finance

• Operations

What is a key organizational need related to human resources?

• Financial resources

• Technology

• Employee skills

• Market share

Which function is primarily responsible for producing goods or services?

• Sales

• Finance

• Human resources

• Operations

What do goals represent in an organization?

• Short-term achievements

• Broad, long-term achievements

• Employee performance metrics

• Daily tasks

What is the relationship between business functions and organizational needs?

• They are irrelevant

• They are conflicting

• They are symbiotic

• They are independent

What is the primary role of the marketing function?

• To produce goods

• To identify customer needs

• To hire employees

• To manage finances

Which of the following is an example of a tangible product?

• Consulting service

• Software application

• Manufactured goods

• Legal advice