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Unit 5 Review Quiz Flashcards | StudBud
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Unit 5 Review Quiz
Unit 5 Review Quiz
15 terms
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StudBud Administration
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Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
What is the primary role of human resources in a business setting?
Developing new products
Designing company logos
Increasing sales and marketing
Managing employee relations and upholding ethical standards
2
What is the primary consideration when selecting suppliers for operational needs?
Quality and reliability of products/services
The suppliers location only
Lowest price regardless of quality
Brand recognition alone
3
Principles guiding right and wrong in theworkplace.
Business Acumen
Business Morals
Business Morals
Business Ethics
4
Why is business ethics important in a company?
It ensures that the company operates within moral and legal boundaries
It develops software applications
It helps in designing company logos
It focuses solely on increasing profits
5
When a company follows ____________, it ensures compliance with external rules and laws
Regulations
Human Resources
Business Ethics
Protocol
6
What is the primary consideration when selecting suppliers for operational needs?
The supplier's location only
Quality and reliability of products/services
Brand recognition alone
Lowest price regardless of quality
7
Which of the following is a characteristic of goods?
Intangible
Cannot be returned
Tangible
Cannot be stored
8
What is the primary consideration when selecting goods for operational needs?
Cost-effectiveness
Brand reputation
Delivery speed
Quality requirements
9
What is the difference between Goods and Services?
Services can be sold and goods cannot
Goods are intangible and services are tangible
Goods can be sold and services cannot
Goods are tangible and services intangible
10
What is Product Management
selling off assets to raise money
ensuring all liabilities are paid
overseeing a product's lifecycle to ensure it meets customer needs
Controlling the means of supply and distribution
11
Provide goods or services to businesses.
Consumers
Customers
Suppliers
Sources
12
Which term best describes the actions of staff at a restaurant?
Inventory
Goods
Human Resources
Services
13
Managing the flow of goods and services from raw material to final delivery
Lifecycle Management
Initial Public Offering
Supply Chain Management
Horizontal Growth
14
How should workplace regulations be communicated to employees?
Via social media
Through informal conversations
In written policies/regulations
By word of mouth
15
Who provides the raw materials for a business to produce its products?
Banks
Customers
Clients
Suppliers
