perform indicators (finance)

Question 1

Explain the nature of operations

Answer 1

Operations include the activities involved in the daily functions of the business to generate revenue. (Operations)

Question 2

Identify sources that provide relevant valid written materials

Answer 2

When evaluating material, determine if content is fact, opinion or marketing information. Other factors can include validity of research, relevance, timeliness, authority of the author and evidence offered to support a claim. If you are validating written material, ensure that you have cross-checked information that is provided by the source. (Communication skills)

Question 3

Identify desirable personality traits important to business

Answer 3

Your personality is a set of characteristics that relate to a person’s emotions, motivations, interpersonal interactions and attitudes. Highly desired personality traits most often include professionalism, being “high-energy”, confidence, the ability to work independently and intellectual curiosity.
(Emotional intelligence)

Question 4

Discuss the nature of info management

Answer 4

Information management is the process of collecting and analyzing data that can be used in the strategic decision making process for a business. This can support a variety of business functions including developing customer databases, managing electronic purchasing decisions and monitoring competitor information.

Information

Question 5

Explain the role of business in society

Answer 5

The role of business in society is “to innovate and deliver products and services, to use resources efficiently so that the value is created and to conduct operations so that they are performed profitability and accepted by society.” In summary, “the role of business in society is a coherent way of thinking about a company’s impact and interaction with society.” Niall Fitzgerald KBE and Mandy Cormack, The Role of Business in Society: An Agenda for Action; Harvard John F. Kennedy School of Government