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1. Understand Business Principles Module 1 Purpose & Functions of Business 7th Grade Flashcards | StudBud
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1. Understand Business Principles Module 1 Purpose & Functions of Business 7th Grade
1. Understand Business Principles Module 1 Purpose & Functions of Business 7th Grade
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Mod 1 (7th) Purpose and Functions of Business
Flashcards
26 cards
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Questions
26
Answers
1
In business, who plans, set goals and works to make sure goals are met?
Accounting
Company Owners
Managers
Operations
2
In business, who collects money and handles payroll?
Accounting
Budget People
Accounts Payable
Operations
3
Recording activities that deal with money, Balance Sheets, Paying Taxes, purchasing inventory
Accounting
Finance
Budgeting
Banking
4
Businesses sell goods or services or both. (True or False)
False
True
5
Which function of business handles Place, Price, Product, and Promotion of new product?
Accounting
Management
Marketing
Information Technology
6
Which business function handles employee safety?
Accounting
Operations
Management
Marketing
7
Paying bills, collecting money, paying taxes, preparing payroll, reconcile bank statements...
Marketing
Information Technology
Accounting
Management
8
_____________ are physical goods or services that can satisfy consumer needs.
Products
Profit
Pay Bills
Motives
9
Information technology maintains a group of two or more computer systems linked together.
Analyze
Network
Design
Multi media
10
The use of technology to share knowledge, facts, and data to others
Marketing
Accounting
Information Technology
Operations
11
In business, who hires, fires, manage benefits and educational opportunities?
Human Resources
Managers
Information Technologist
Accountants
12
The purpose of business is to fulfill the _________ and ___________ of consumers and customers.
needs & wants
duties & obligations
space & cabinets
13
This function of business is considered the "back office".
Management
Marketing
Operations
Human Resources
14
______________ are for pleasure and comfort to our lives, not necessary for survival.
clothing
wants
shelter
needs
15
What is one reason or motive to start a business?
Profit
Eliminiate Friends
Loose Money
16
Employees whose overall job is to make sure that goals and obligations in departments are met.
Marketing
Management
Accounting
Operations
17
What kind of business only builds websites for its' customers?
Service & Product Business
Service Business
Product oriented business
Goods & Products Business
18
Which business function resolves disputes between employees?
Management
Marketing
Accounting
Operations
19
Which business management function determines who gets hired?
Information Technology
Human Resources
Marketing
Accounting
20
Which Business Management Function handles Computer Security
Management
Marketing
Information Technology
Accounting
21
Explain the difference between need and want.
need=$5.00, want= $5.00
want < need
need = must have to survive, Want= extras
need < want
22
In business, who maintains e-Mail and software?
Computer Teachers
Information Technologist
Marketing People
Human Resources
23
In business, who promotes, distributes and price products?
Information Technologist
Managers
Operations
Marketing
24
Which Business Management Function controls Budgeting?
Operations
Accounting
Information Technology
Management
25
Manages personnel (people) relations, help develop skills & knowledge to be successful on a job
Human Resources
Operations
Management
Information Technology
26
_________________ are things that are necessary for survival. Examples are food, shelter, water
needs
wants
cars
airplanes
