Unit 1 quiz

QUESTION 1

__________ is any type of firm or organization that provides goods and services in an attempt to make a profit.

Store

Restaurant

Business

School

QUESTION 2

__________ is where a person or people administer the practices of the business so that they can create the most efficient methods of operation possible.

Strategic management

Marketing

Human resource management

Operations management

QUESTION 3

Operations management is most concerned with taking the goods, services, and people of an organization and converting them into:

losses.

profits.

turnover.

costs.

QUESTION 4

__________ is the component of business that deals with the investment, financing, and dividend decisions of the organization.

Human resource management

Operations management

Strategic management

Finance and accounting

QUESTION 5

Sales is the component of business that actually receives __________ from the business's customers.

attributions

recommendations

money

donations