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Functions of Business Review Flashcards | StudBud
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Functions of Business Review
Functions of Business Review
20 terms
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StudBud Administration
Review for Functions of Business Test
Flashcards
20 cards
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Practice quiz
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Host live
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Questions
20
Answers
1
Market Planning is
understanding concepts/strategies used to develop/identify a target market
Frue
Tralse
True
False
2
What is promotion?
effort to persuade customer to buy
inflation
providing a new product
supplying a new product
3
Purchasing Dept. does what?
monitors quality and quantity
responsible for stocking and re-stocking
spend $; you can't take it with you
responsible for providing materials for production
4
The purpose of financial controlling is to embezzle as much moolah as possible.
Nope
Yep
5
Pricing
is how much to charge for goods and services in order to make a profit.
False
Tralse
True
Frue
6
Stores are responsible for doing what?
Stocking necessary tools, equipment, and raw materials
Marketing/Finance
Research and Design
Making $
7
Which is not a function of business?
Management
Production/Procurement
Finance/Accounting
Economics
8
The four purposes of management are...
Controlling, Leading, Organizing, Planning
Planning, Organizing, Scheduling, Receiving
Receiving, Organizing, Buying, Scheduling
Leading, Controlling, Planning, Buying
9
Reporting
is preparing financial reports, e.g. P&L, Balance sheets and budgets.
Frue
Tralse
False
True
10
Product/Service Management
works with improving products.
False
Tralse
Frue
True
11
Payroll is NOT part of Finance/Accounting.
Frue
Tralse
False
True
12
Marketing Information Management
is research about customers, trends, and competing products
True
False
13
Production/Planning Dept. does what?
monitors only quantity
monitors only quality
None of the Above
monitors quantity and quality and sets targets/goals
14
Works Dept. is responsible for...
All of the Above
Manufacturing the product(s)
Research and Design
Stocking necessary equipment, tools, and raw materials
15
Money Out is Accounts Receivable.
Tralse
False
True
Frue
16
Design Dept. is responsible for...
Stocking all necessary tools, equipment, and raw materials
Research, testing, and modifying new/existing products
None of the Above
Research only
17
Being able to lead is the most important aspect of management.
Some of the Above/None of the Above
All of the Above
True
False
18
Which is not a function of business?
Finance/Accounting
Marketing
Production/Procurement
Customer Satisfaction
19
Selling
provides customers with the goods and services they want.
True
Frue
Tralse
False
20
What is the process of deciding how to get goods into customer’s hands?
United States Postal Service
None of the Above
Transportation Services
Channel Management (Distribution)
