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Purpose of Businesses Flashcards | StudBud
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Purpose of Businesses
Purpose of Businesses
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StudBud Administration
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Questions on the purposes of a business.
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
A want is something that you have to have for survival.
false
true
2
Which of the following is the management function of a business responsible for?
helps company meet its goals
invests cash
increases competition in the marketplace
responsible for payroll
3
What is the operations function of a business?
maintains software applications
records and reports financial activity
considered the "back office"
Determines the price of the product
4
What is an example of a business that sells a service?
Tom's used car dealership
Kaycee's Dog Grooming
Hollister
Finish Line
5
What does the Accounting function of a business do?
Helps manage people relations
considered the "back office"
Record and report financial activity
maintains email
6
A single business can sell both goods and services.
false
true
7
Which of the following is Human Resources function NOT responsible for?
maintains email
hires and fires employees
manages people relations
selects employee benefits
8
What does Profit Motive mean?
wanting to make money
expenses
paying bills
losing money
9
Which of the following is NOT one of the 4 P's of marketing?
Price
Placement
People
Promotion
10
What is the main reason that someone would start a business?
Future income
To make a profit
Meet the needs of consumers
All of these
