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Ozark - IB Business 1.1 - Cambridge Flashcards | StudBud
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Ozark - IB Business 1.1 - Cambridge
Ozark - IB Business 1.1 - Cambridge
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Business Organization -Chapter 1 of Stimpson & Smith
Flashcards
17 cards
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Practice quiz
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Questions
17
Answers
1
Which of the following are the 4 business functions?
land, labor, enterprise, capital
innovation, vision, risk-taker, leader
Primary, secondary, tertiary, quaternary
HR, Finance, Marketing, Operations Management
2
Which of following careers do NOT work in the tertiary sector?
hairdresser
waiter
fisherman
pilot
3
Business plans describe the layout of the office building where the business will be located.
True
False
4
Which traits should an entrepreneur have?
Innovative
All of the above
Risk-taker
Self-motivation
5
Who is responsible for employee training?
Finance
Operations Management
Marketing
HR
6
Which is not a business input? Pick best answer.
Capital
Labour
Land
Time
7
An entity that creates goods or services to meet the needs and wants of customers.
Business input
Business function
Enterprise
Business
8
Which company works in the tertiary sector?
Biotech Research
Chipotle
BP Oil
Hershey factory
9
Which employees work in the secondary sector?
IT Salesman
Godiva factory worker
Hairdresser
Teacher
10
Which of these businesses would be in the primary sector?
Dairy Farm
School
Restaurant
Gas station
11
Which of these jobs would be in the quaternary sector?
IT consultant
All of the above
Information & Tech Researcher
Gas research/consulting
12
Who sets prices on products?
Finance
Operations Management
Marketing
HR
13
Which one is NOT a durable consumer good?
Car
Stove
Washer
Paper towels
14
Which of the following is a common step in starting a business?
Sourcing capital
All of the above
Determining location
Identify market opportunities
15
What are the four business functions?
HR, Finance, Marketing and Customer preference
HR, Finance, Marketing and entrepreneurship
HR, Finance, Marketing and Operations
HR, Finance, Marketing and Supply
16
The main difference between entrepreneurs and intrapreneurs is?
level of intelligence
amount of risk involved
level of innovation
ability to lead
17
Goods for businesses, such as machines and commercial vehicles.
Capital goods
Consumer goods
Consumer services
Wants
