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| A business can be described as a(n) | organized effort to produce goods and services |
| A business that exists to fulfill a specific mission or undertaking is called a(n) _____ business. | nonprofit |
| Every business must accomplish this: | Produce or provide goods/services |
| Which of the following represents a primary business activity: Scheduling; Designing; Marketing; Supervising | marketing |
| Financial analysis occurs when a business | keeps accurate expense records. |
| financial analysis is used to | obtain funding for supplies |
| Human resources management is demonstrated when | The business takes care of the responsibilities associated with having employees. |
| Janelle's Creative Supplies is opening an additional location on the other side of town. To operate the new location, Janelle needs | additional employees |
| An example of information management is demonstrated when a business uses a working system for | storing and retrieving information |
| TeJuan's Fishing Shack demonstrates effective information management by | accessing a list of fishing equipment appropriate for a particular customer, |
| Marketing is demonstrated in which of the following statements: | The business meets customers' needs by offering appropriate products, |
| Franco's Bread Shop is introducing a new type of sandwich bread to the community this week. Which of the following describes the business activity the bread shop is likely involved in: | Promoting the new bread through advertising |
| Operations management is demonstrated in | Producing goods and services |
| Damn's Daycare needs a reliable method for ensuring that children are released to the proper person, not to a stranger. To address this concern, the daycare needs to | eliminate process variation, |
| Strategic management is demonstrated in | Planning and organizing for the future |
| For the long-term success of the business, Stacey's Steamers has decided to add a self-serve laundro¬mat. Which of the following describes the business activity Stacey's Steamers is likely involved in: | Determining what will put it in reach of its goals |
| This demonstrates the interrelationship among primary business activities: | One business activity changes, so the others must adjust. |
| When the Pretty Pictures framing business underwent internal restructuring last year, how would its primary business activities have reacted? | They adjusted according to the internal changes. |
| When Caring Companions and Smiling Pets merged two years ago, how did the two businesses join? | Each primary business activity combined with the matching activity of the other firm, |
| An example of performing business activities in an "out of the ordinary" way is when a business | hires an outside firm to perform its marketing. |
