The Human Resource cycle is

Acquisition, Development, Maintenance, Separation

Two examples of financial goals are

increase market share, maximise profit

The 4 Ps of marketing are

product, price, promotion, place

the four key business functions are

operations, finance, marketing, HR

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Prelim Business topic 2 Business Management

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preliminary business studies topic 2 business management

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Questions 15

Answers

1
Assets = Liabilities + Owners Equity is ...
Accounting Equation
Accounting process
Money stuff
Balance Sheet
2
Goods that can be touched are
breakable
services
tangible
intangible
3
The Human Resource cycle is
Recruitment, Training, Maintenance, Separation
Acquisition, Development, Maintenance, Separation
Separation, Development, Acquisition, Maintaining
Selection, Training, Maintaining, Separation
4
Interpersonal skills and communication are examples of
Features of management
Skills of management
Management approaches
Behavioural Management
5
Two examples of financial goals are
hire more workers, reduce waste
decrease profits, decrease market share
increase market share, maximise profit
Increase prices, increase promotion
6
COGS is
Cost of goods sold
Cool off goods soon
Collection of goods sent
Cost of gross sold
7
Stock or inventory is known as a
Non current asset
Current liability
Non current liability
Current asset
8
Sales - COGS =
Expenses
Net profit
Not much
Gross Profit
9
A narrowly selected target market is known as
Mass market
Niche market
Target market
Market segmentation
10
Ensuring products meet customer expectations is known as
Transformation
Quality control
Quality management
Quality assurance
11
The 4 Ps of marketing are
product, price, practice, place
tangible, price, promotion, place
process, price, promotion, placement
product, price, promotion, place
12
the four key business functions are
finance, production, promotion, HR
processes, finance, marketing, HR
operations, finance, marketing, HR
ER, capital, marketing, operations
13
Classical approach to management is mostly
autocratic
laissez faire
democratic
authoritative
14
A business acting in relation to a set of morals or values is known as
Profitability
Laws
Ethics
Donald Trump
15
Anyone affected by the actions of a business is known as
dividend holder
cup holder
shareholder
stakeholder

Prelim Business topic 2 Business Management Flashcards | StudBud