Business Flashcards
(26 cards)
What does IT stand for?
Information Technology
True or False: Business language is only relevant in corporate environments.
False
Fill in the blank: The process of planning, organizing, and managing resources is known as __________.
Management
What is the primary purpose of a business plan?
To outline the goals and strategies of a business.
Which of the following is a common software used for project management? A) Word B) Excel C) Trello D) PowerPoint
C) Trello
Define ‘stakeholder’ in a business context.
A stakeholder is any individual or group that has an interest in the success of a business.
What does ROI stand for?
Return on Investment
True or False: Agile is a methodology used in project management.
True
Fill in the blank: __________ is the practice of analyzing data to inform business decisions.
Data analysis
What is a key benefit of cloud computing for businesses?
Scalability and flexibility in resource management.
Which term refers to the overall strategy for managing a company’s resources and operations?
Business operations management
What is the purpose of a SWOT analysis?
To identify strengths, weaknesses, opportunities, and threats related to a business.
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) Dashboard
True or False: Networking is an important skill in business.
True
What does CRM stand for?
Customer Relationship Management
Fill in the blank: A __________ is a structured set of data held in a computer.
Database
What is the role of a business analyst?
To evaluate business processes and identify areas for improvement.
Which of the following is an example of a communication tool? A) Slack B) Photoshop C) Excel D) WordPress
A) Slack
True or False: Cybersecurity is irrelevant to small businesses.
False
What is the main goal of digital marketing?
To promote products or services through digital channels.
Fill in the blank: __________ refers to the ability of a system to handle a growing amount of work.
Scalability
What is the purpose of user experience (UX) design?
To enhance customer satisfaction by improving the usability and accessibility of a product.
Which of the following is NOT a type of business model? A) Subscription B) Freemium C) Linear D) E-commerce
C) Linear
True or False: Data privacy is a growing concern in the IT industry.
True
