Business Essentials Test Questions And
Correct Answers.
business - Answer organized effort to produce and/or distribute goods and services
for-profit business - Answer A business that operates for profit makes money to fulfill financial goals
nonprofit business - Answer A nonprofit business makes money to fulfill a specific mission or undertaking.
five things a business needs to accomplish. - Answer 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
significance of the primary business activities - Answer 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.
financial analysis - Answer the process of planning, maintaining, monitoring, controlling, and reporting the use of financial resources. It involves obtaining funds (the finance department) and keeping accurate and useful records (the accounting department).
Correct Answers.
business - Answer organized effort to produce and/or distribute goods and services
for-profit business - Answer A business that operates for profit makes money to fulfill financial goals
nonprofit business - Answer A nonprofit business makes money to fulfill a specific mission or undertaking.
five things a business needs to accomplish. - Answer 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
significance of the primary business activities - Answer 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.
financial analysis - Answer the process of planning, maintaining, monitoring, controlling, and reporting the use of financial resources. It involves obtaining funds (the finance department) and keeping accurate and useful records (the accounting department).
