Module: Role of Business
Why does the Role of Business matter?
Take this pre-test to see what you already know about the concepts in this section. The pre-test does not count toward your grade, but will help you plan where to focus your time and effort as you study. The pre-test is optional.
Define the concept of business
| Reading: Getting Down to Business | |
| Self-Check: What Is Business? |
Distinguish between for-profit and nonprofit organizations
| Reading: Making a Profit | |
| Self-Check: For-Profit vs. Non-Profit |
List the four factors of production required to sustain a business
| Reading: Factors of Production: Inputs and Outputs | |
| Reading: The Flow of Inputs and Outputs | |
| Self-Check: Factors of Production |
Identify the primary functional areas within a business and describe their contribution to the organization
| Reading: Functional Areas of Business | |
| Self-Check: Functional Areas |
Identify business stakeholders and describe their relationship with business organizations
| Reading: Business Stakeholders | |
| Self-Check: Stakeholders |
Identify the external forces that shape the business environment
| Reading: External Forces | |
| Self-Check: External Forces |
Role of Business
You can take this quiz twice. Your highest score will count as your grade. Don’t wait until the last minute to take the quiz – take the quiz early so you’ll have plenty of time to study and improve your grade on your second attempt.