Business
Which department is responsible for staffing the business
What is human resource management?
Record, organize, summarize
What are the steps in the accounting process?
A special promotion fails to increase sales is an example of
What is speculative business risk?
The set of computer programs that manages the hardware and software of a computer
What is operating system?
To identify trends is a way that businesses can use financial information.
What is true?
An important aspect of operations is making sure that the business is able to
What is function effectively?
Cost of utilities is what kind of expense?
What is operating expense?
To organize vendor information is one way a business would use ________ software programs
What is database software programs?
What would you use to create detailed reports, memos, and contracts
what is word processing software?
A presentation software program would be used by a business to analyze its operating expenses and level of sales
What is false?
Spreadsheet software is the correct answer
Planning, organizing, and controlling are elements of the
What is the strategic management function of business?
The basic calculation used to analyze an income statement
What is Income minus expenses?
Create a new revenue source is one reason an existing business might develop
What is company website?
The reason many businesses store information in a computerized database
What is To maintain client lists
Management information system (MIS) may be one part of a business's overall information management program.
what is true?
Information management can be a challenge because
What is many people don't understand what it is?
A factor that is most likely to have a positive effect on entrepreneurship
What is Greater pool of venture capital?
Competition among businesses that offer similar types of goods or services
What is direct competition?
Important functions of a business's information system are to help it __________ its important facts and data.
What is organize and store?
To write an annual report is one of the purposes of information management to provide businesses with the strategic information
What is false?
Correct answer: to make long-term decisions
Before businesses can effectively use relevant data, they need to determine the type of
What is determine the type of information that is needed?
A business prepares a balance sheet is to determine its
What is their current financial situation?
Computer database programs make it easier for businesses to manage
What is large amounts of related data?
What do businesses often develop to be able to store and analyze data for the purpose of making business decisions?
What is Information systems?
Chronological order is the best way to provide information to management about the impact a highway bypass will have on your business and to identify a recommended course of action.
What is false?
By cause and effect is the best way!