Business Flashcards

1
Q

What does IT stand for?

A

Information Technology

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2
Q

True or False: Business language is only relevant in corporate environments.

A

False

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3
Q

Fill in the blank: The process of planning, organizing, and managing resources is known as __________.

A

Management

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4
Q

What is the primary purpose of a business plan?

A

To outline the goals and strategies of a business.

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5
Q

Which of the following is a common software used for project management? A) Word B) Excel C) Trello D) PowerPoint

A

C) Trello

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6
Q

Define ‘stakeholder’ in a business context.

A

A stakeholder is any individual or group that has an interest in the success of a business.

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7
Q

What does ROI stand for?

A

Return on Investment

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8
Q

True or False: Agile is a methodology used in project management.

A

True

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9
Q

Fill in the blank: __________ is the practice of analyzing data to inform business decisions.

A

Data analysis

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10
Q

What is a key benefit of cloud computing for businesses?

A

Scalability and flexibility in resource management.

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11
Q

Which term refers to the overall strategy for managing a company’s resources and operations?

A

Business operations management

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12
Q

What is the purpose of a SWOT analysis?

A

To identify strengths, weaknesses, opportunities, and threats related to a business.

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13
Q

Select the correct term: A digital representation of a company’s financial performance is known as a __________. A) Dashboard B) Spreadsheet C) Report D) Presentation

A

A) Dashboard

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14
Q

True or False: Networking is an important skill in business.

A

True

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15
Q

What does CRM stand for?

A

Customer Relationship Management

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16
Q

Fill in the blank: A __________ is a structured set of data held in a computer.

A

Database

17
Q

What is the role of a business analyst?

A

To evaluate business processes and identify areas for improvement.

18
Q

Which of the following is an example of a communication tool? A) Slack B) Photoshop C) Excel D) WordPress

A

A) Slack

19
Q

True or False: Cybersecurity is irrelevant to small businesses.

A

False

20
Q

What is the main goal of digital marketing?

A

To promote products or services through digital channels.

21
Q

Fill in the blank: __________ refers to the ability of a system to handle a growing amount of work.

A

Scalability

22
Q

What is the purpose of user experience (UX) design?

A

To enhance customer satisfaction by improving the usability and accessibility of a product.

23
Q

Which of the following is NOT a type of business model? A) Subscription B) Freemium C) Linear D) E-commerce

A

C) Linear

24
Q

True or False: Data privacy is a growing concern in the IT industry.

A

True

25
Q

What does the term ‘big data’ refer to?

A

Large and complex data sets that traditional data processing applications cannot deal with.

26
Q

Fill in the blank: __________ is the practice of ensuring that information systems are secure from cyber threats.

A

Cybersecurity