stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
BBI20 Unit 2. Functions of a Business Review Flashcards | StudBud
Explore
/
BBI20 Unit 2. Functions of a Business Review
BBI20 Unit 2. Functions of a Business Review
22 terms
·
StudBud Administration
·
376 plays
BBI20 Unit 2. Functions of a Business Review Chapters 5,6,7,8,9
Flashcards
22 cards
F
Practice quiz
P
Host live
L
Questions
22
Answers
1
The most important selection criteria used by human resources in the hiring process
a reference check
an application letter
an interview
a resume
2
Quickly converting an asset into cash is called
equity
liquidity
maturity
liability
3
Identify the one activity below that is not about marketing.
spreading ideas
converting raw materials
selling products
promoting services
4
The non-traditional product life cycle where a knock-off is likely to surface is called
seasonal
fad
niche
all of the above
5
Customer loyalty cards are a sales promotion technique that falls under what heading
special events
contests
premiums
samples
6
The third line of the heading of an income statement answers the following question
Where?
Who?
What?
When?
7
Demographics is the study of obvious characteristics that categorize human beings, which includ
all of the above
ethnicity
income level
age
8
connects buyers to the business that is providing the goods and/or services (distribution)
non-specialty
direct
specialty
indirect
9
highly trained person who has an educational background coupled with years of experience
professional labour
semiskilled labour
unskilled labour
skilled labour
10
Any advertising message that comes to your home, such as a flyer or catalogue is a
publicity
out-of-home advertising
promotion
direct-to-home advertisement
11
This component represents the money that is invested in a business.
labour
supplies
ingredients
capital
12
A part of the overall market that has similar characteristics is known as a
market segment
market demographic
market component
market share
13
The construction, the scent, the size, or the taste of a product is the
design of a product
features of the product
benefits of the product
quality of the product
14
The department in a business that is responsible for the hiring, training, and PD of the staff
purchasing
sales
management
human resources
15
This component represents raw materials that do not become part of a new product
supplies
ingredients
capital
labour
16
when an expense is charged in the wrong month it is know as
solvency mistake
matching principle
revenue sharing
cost overrun
17
Accounting involves analyzing and interpreting information, whereas bookkeeping involves
keeping track of buying goods
paying all employees.
recording all business transactions
hiring necessary personnel
18
The commodity that is used in the manufacturing of other goods is called
primary goods
finished goods
all of the above
raw materials
19
The level of management that is involved with setting long-term goals is called
lower-level management
upper management
middle management
management by association
20
Consumer feedback on products can help in the development of new and better products.
accounting
distributing
selling
research and development
21
The best time for a manager to practice the democratic leadership style is when
to assume control
little or no feedback
employee input
unmotivated employees
22
Liabilities are listed in a particular order when a balance sheet is prepared which is known as
liquidity
liability
maturity
equity
