BUSINESS MANAGEMENT AND ADMINISTRATION PREDICTED QUESTIONS AND ANSWERS .9.docx

BUSINESS MANAGEMENT AND ADMINISTRATION PREDICTED
QUESTIONS AND ANSWERS .9


Administration - correct answer the management of any office, business, or organization


Business - correct answer an occupation, profession, or trade


Business plan - correct answer a detailed plan setting out the objectives of a business, the
strategy and tactics planned to achieve them, and the expected profits, usually over a period of
three to ten years


Consumer - correct answer a person who gets or uses goods or services


Efficiency - correct answer accomplishment of completing a job with minimum use of time and
effort


Entrepreneurship - correct answer the owner or manager of a business enterprise who, by risk
and initiative, attempts to make profits


Evaluate - correct answer : to judge or determine the significance, worth, or quality of


Industry - correct answer manufacturing, producing, or providing in a particular area


Marketing - correct answer : all activities involved in transfer of goods from producer to
consumer


Producer - correct answer person who creates or provides a good or service


Profits - correct answer monetary gain through business