Business essentials test answers 16
CORRECTLY ANSWERED QUESTIONS LATEST
UPDATE
1). Business
Ans: organized effort to produce and/or distribute goods and services
2). For-profit business
Ans: A business that operates for profit makes money to fulfill financial goals
3). Nonprofit business
Ans: A nonprofit business makes money to fulfill a specific mission or undertaking.
4). Five things a business needs to accomplish.
Ans: a. Obtain necessary resources
b. Produce/Provide goods and services
c. Market/Sell those goods and services
d. Store/Retrieve information effectively
e. Plan for the future
5). Significance of the primary business activities
Ans: The primary business activities are the main things businesses do to keep
production going. Without financial analysis, human-resources management, information
management, marketing, operations, and strategic management, businesses would not
accomplish their goals.
6). Financial analysis
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CORRECTLY ANSWERED QUESTIONS LATEST
UPDATE
1). Business
Ans: organized effort to produce and/or distribute goods and services
2). For-profit business
Ans: A business that operates for profit makes money to fulfill financial goals
3). Nonprofit business
Ans: A nonprofit business makes money to fulfill a specific mission or undertaking.
4). Five things a business needs to accomplish.
Ans: a. Obtain necessary resources
b. Produce/Provide goods and services
c. Market/Sell those goods and services
d. Store/Retrieve information effectively
e. Plan for the future
5). Significance of the primary business activities
Ans: The primary business activities are the main things businesses do to keep
production going. Without financial analysis, human-resources management, information
management, marketing, operations, and strategic management, businesses would not
accomplish their goals.
6). Financial analysis
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