What Are Business Functions

Question 1

What is Human Resources (HR)?

Answer 1

The relationship between humans and the workplace

Question 2

What is the role of Finance and Accounts?

Answer 2

This function is responsible for monitoring the overall finance flow within and out of the business

Question 3

What is the responsibility of Marketing?

Answer 3

Responsible for market research and understanding what the consumers want

Question 4

What does an Operations Manager do?

Answer 4

Responsible for overseeing business processes to maximize long term profitability

Question 5

What is the Primary Sector in Economics?

Answer 5

Firms that provide natural resources to be used and processed by other firms

Question 6

What is the Secondary Sector in Economics?

Answer 6

Firms that manufacture and process products from natural resources

Question 7

What is the Tertiary Sector in Economics?

Answer 7

Firms that provide services to consumers and other businesses (e.g., Shipping)

Question 8

What is the Quaternary Sector in Economics?

Answer 8

Firms that provide information based on research (e.g., programmers)