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BUS CH 1 REVIEW GAME

Quiz by Pamala Smith

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15 questions
Show answers
  • Q1
    16 such external factors as the economy, government, and other forces external to the business.
    Businesses are influenced by
    30s
  • Q2
    14 Product, Price, Place, Promotion
    What are the four P's of Marketing?
    30s
  • Q3
    13 management, operations, marketing, accounting, and finance.
    The activities needed to operate a business can be divided into a number of functional areas. Examples include:
    30s
  • Q4
    12 Management, Operations, Marketing, Accounting, Finance, Information Technology, Human Resources
    According to the text, which of the following is a valid list of functional areas of a business?
    30s
  • Q5
    11 involves planning for, obtaining, and managing a company's funds.
    Finance
    30s
  • Q6
    10 false
    Marketing consists of everything that a company does to identify customers' needs (i.e. market research) but does not design products to meet those needs.
    30s
  • Q7
    9 wealth
    A business is any activity that provides products or services to consumers for the purpose of increasing __________ for the owners.
    30s
  • Q8
    9 measures, summarizes, and communicates
    Accounting __________ financial and managerial information.
    30s
  • Q9
    9 investor
    A business participant is not
    30s
  • Q10
    9 true
    The business functions correspond fairly closely to many majors found within a typical college of business.
    30s
  • Q11
    9 labor, materials, money, and information
    All companies must convert resources into goods or services. Resources are:
    30s
  • Q12
    8 designs and oversees
    Operations __________ the transformation of resources into quality goods or services.
    30s
  • Q13
    7 Marketing
    __________ consists of everything that a company does to identify customers' needs and design products to meet those needs.
    30s
  • Q14
    7 Cash Flow
    Which of the following is not an external force that influences business activities?
    30s
  • Q15
    7 essentially the big picture world outside over which the business exerts very little if any control.
    macro environment" -
    30s

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