FREE OSU Business Questions and Answers
What is a SWOT analysis used for?
SWOT analysis helps organizations assess their internal and external environments for strategic planning.
Which financial statement reports a company's revenues and expenses over a specific period?
"An income statement summarizes a company's revenues and expenses over a period, showing net profit or loss.
What is the main objective of corporate social responsibility (CSR)?
CSR aims to promote sustainable business practices and contribute to societal welfare.
What is the primary purpose of a balance sheet?
A balance sheet provides a snapshot of a company's assets, liabilities, and equity at a specific moment.
Which of the following is a key characteristic of a monopolistic market?
In a monopolistic market, a single seller dominates, allowing them to influence prices.
Which type of business structure offers limited liability to its owners?
A corporation provides limited liability protection to its shareholders, meaning their personal assets are protected from business debts.
In marketing, what does the term "4 Ps" refer to?
The "4 Ps" are fundamental components of a marketing strategy.
What is the main goal of financial management within a company?
Financial management aims to optimize the company's financial performance and increase its value to shareholders.
What is the significance of the time value of money in financial decision-making?
The time value of money concept states that a sum of money has greater value now than the same sum will have in the future due to its potential earning capacity.
What is the primary function of human resource management (HRM)?
HRM focuses on managing people within an organization, including hiring, training, and performance management.
What is the term for the portion of a company's profit paid out to shareholders?
Dividends are payments made to shareholders from a company's earnings.