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Business Management Warm-Ups 4/10/24

Quiz by NeKeisha King Price

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10 questions
Show answers
  • Q1
    What is the process of creating a new business or company called?
    Finance
    Entrepreneurship
    Management
    Marketing
    30s
  • Q2
    What is the term used for the skill of organizing and coordinating the activities of a business in order to achieve defined objectives?
    Management
    Finance
    Marketing
    Entrepreneurship
    30s
  • Q3
    What is the process of identifying, anticipating, and satisfying customer requirements profitably known as?
    Marketing
    Management
    Entrepreneurship
    Finance
    30s
  • Q4
    What term refers to the funds and financial resources needed to start and run a business?
    Marketing
    Management
    Entrepreneurship
    Finance
    30s
  • Q5
    What is a document that outlines a business idea, the target market, and how it plans to achieve its goals called?
    Business plan
    Profit and loss statement
    Mission statement
    SWOT analysis
    30s
  • Q6
    What is the term for the financial return or reward for taking the risk of starting a business or making an investment?
    Salary
    Profit
    Revenue
    Expense
    30s
  • Q7
    What is the term used to describe the process of gaining financial resources or capital for a business or enterprise?
    Licensing
    Funding
    Franchising
    Outsourcing
    30s
  • Q8
    Which of the following is not a characteristic of a successful entrepreneur?
    Having a strong work ethic
    Avoiding taking risks
    Being innovative
    Being resilient
    30s
  • Q9
    What is the term for the process of generating, developing, and communicating new ideas and products to the market?
    Innovation
    Cost cutting
    Risk management
    Strategic planning
    30s
  • Q10
    What is the term for the process of bringing together financial, physical, and human resources to achieve organizational goals?
    Product development
    Customer service
    Quality assurance
    Resource management
    30s

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