Business Characteristics

Which of the following correctly lists the needs of consumers which should be met?

Physical, social, psychological

According to the segment, how are businesses classified?

Work activities the business performs

Which of the following are the debts or obligations of a business?

Liabilities

Which of the following is NOT a function of management?

Analyzing

Which of the following is NOT a role the Human Resources department plays when helping orient employees?

Analyzing new employee morale

Items of value owned by a business are known as which of the following?

Assets

Which of the following is NOT an example of a processor?

Automobile factory

According to the segment, why is the Finance and Accounting department important to a business?

Businesses cannot exist without cash flow

Which of the following is NOT a source of funding?

Decreasing owner contributions

Which of the following is NOT a responsibility of the Finance department?

Establishing external relations

Which of the following is NOT a stage of the product life cycle?

Evaluation

Which of the following is NOT a business department mentioned in the segment?

External relations

Which of the following is an example of a service firm?

Landscape company

Which of the following is NOT a role of production and distribution in a company?

Marketing

Which of the following is an example of a producer?

Mine

Which of the following is NOT a step of the employment process in the Human Resources department according to the segment?

Negotiate salary and benefits of new hires

Which of the following is NOT a level of Maslow's hierarchy of needs?

Personal interest

Which of the following is NOT a component of the marketing mix?

Perception

Which of the following are the activities used to persuade consumers they need the product?

Promotion

Evaluating employee performance helps with all of the following EXCEPT which of the following?

Sick leave