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Business areas Flashcards | StudBud
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Business areas
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1
What does the Human Resources department take care of?
It takes care that all employees come from the same university.
It ensures that all of the employees are friends
That employees have all the skills and capabilities they need
That everyone's happiness is ensured over their work
2
How many areas did we talk about?
6
9
5
4
3
Can two or more business areas in a company work together/collaborate?
True
False
4
What does the management department take care of?
Supervise other people's/area's performances
Supervise the usage of resources and report to the finance department
Control how other areas work
Take care of other areas' schedules
5
What does the operation department take care of?
It takes care of the production and delivery of either goods or services
Does the mathematical operations in collaboration with finance.
It takes care of the delivery of goods and services
It takes care of the delivery of services
6
What does the marketing/ sales department take care of?
It sueprvises the market and opportunities
It ensures that revenues are being generated
Identifies needs, promotes products/services and the generation of revenue
Studies the market to ensure that offered products will be sold
7
How does separating business operations help a company?
Increases efficiency and effectivenes in the company
It reduces de cost of operations
Decreases efficiency and effectiveness
It takes responsibility grom the manager, making it easier for them
8
Who is in charge of designating the areas/departments?
High-level management
The management department
The founder of the company
The most important investors
9
What does the accounting department take care of?
Only to advise other areas or managers
Budgeting, accounting and investment
Only measure expenses and give advice from time to time.
Measure, summarize, and communicate both information and advice
10
What does the finance department take care of?
Advising other areas on how they could spend their resources
Budgeting, accounting and investment
Measure and management of people
Supervising expenses in other areas