Unit 3 Business Essentials

A business can be described as a(n)

A business that exists to fulfill a specific mission or undertaking is called a __________ business.

Every business must accomplish which of the following: Produce or provide goods/services, Obtain venture capital, Issue corporate bonds, Trade or sell business assets/property

Which of the following represents a primary business activity: scheduling, designing, marketing, supervising?

Financial analysis occurs when a business keeps accurate expense records.

Within a local pizza shop, financial analysis is most likely used to

Which of the following activities demonstrates human resources management: The business gives its preferred customers a special discount. The business takes care of the responsibilities associated with having employees. The business includes top-level managers in long-term planning. The business acts on new information about a competitor.

Janelle’s Creative Supplies is opening an additional location on the other side of town. To successfully operate the new location, Janelle primarily needs: new carpet and paint, extra free time, more advertising spots, additional employees.

Which of the following activities demonstrates information management: Storing and retrieving information, Researching customers’ needs, Hiring appropriate employees, Conducting employee evaluations

TeJuan’s Fishing Shack demonstrates effective information management by accessing a list of fishing equipment appropriate for a particular customer.