Business Functions Quiz

Which business function involves promoting a company's products to attract customers?

• Finance

• Marketing

• Human Resources

• Operations

What is the main responsibility of the finance function in a business?

• Recruiting employees

• Managing supply chains

• Handling financial reporting and budgeting

• Conducting market research

Which function oversees the daily production of goods or services?

• Marketing

• Operations

• Finance

• Human Resources

What is a key role of the human resources department?

• Managing compensation and benefits

• Budget forecasting

• Overseeing inventory control

• Advertising

In a business, which function is responsible for improving productivity and ensuring quality?

• Managing compensation and benefits

• Budget forecasting

• Overseeing inventory control

• Advertising

What defines an entrepreneur?

• Someone who invests in other people's businesses

• A person who works in corporate management

• A person who takes risks to start and manage a business

• A person who provides venture capital

Which of the following is NOT a reason people take the entrepreneurial challenge?

• Profit

• Independence

• Avoiding competition

• Challenge

What personality trait is critical for entrepreneurship?

• Tolerant of uncertainty

• Risk-averse

• Dependent on others

• Content with routine

Which of these is NOT an attribute of successful entrepreneurs?

What is a key factor in identifying a viable business opportunity?

• It fills a personal desire of the entrepreneur

• It meets customer needs

• It is inspired by a competitor

• It can be copied easily