Unit 1 Business Characteristics Review for Unit Exam
Type your answers onto this document, don’t forget to highlight or change the color of your text so
they don’t blend into the questions. Due by the end of class Wednesday.
How are businesses classified into the 6 types?
List each of the 6 types of businesses, a definition of each, and at least one example
1.
➢ example:
2.
➢ example:
3.
➢ example:
4.
➢ example:
5.
➢ example:
6.
➢ example:
What are the human resources department’s responsibilities?
What are the steps of the employment process?
1.
2.
3.
4.
List the types of training and a brief description of each
1.
2.
3.
Why do employers evaluate employee performance? List all
What is intrinsic motivation
What is extrinsic motivation
What is the main goal of the management department?
List the 4 functions of management
1.
2.
3.
4.
Why is the accounting department so important?
Define what an accounting department is.
What are the main responsibilities of the accounting department
Define business liabilities
Define business assets
What is the main goal of the finance dept.
What are the main sources of funding of a business?
What are the most important accounting equations, write them out
What is marketing?
List 3 characteristics of successful marketing?
1.
2.
3.
List the stages of the product life cycle
1.
2.
3.
4.
What are 3 consumers needs and provide an example for each
1.
2.
3.
What is the main goal of production and distribution?
List the 4 modes distribution transportation