{"id":79,"date":"2015-04-20T18:16:39","date_gmt":"2015-04-20T18:16:39","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterybusiness1xngcxmaster\/?post_type=part&p=79"},"modified":"2018-02-11T02:33:53","modified_gmt":"2018-02-11T02:33:53","slug":"role-of-business","status":"web-only","type":"part","link":"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/part\/role-of-business\/","title":{"raw":"Module: Role of Business","rendered":"Module: Role of Business"},"content":{"raw":"
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Module: Role of Business<\/h1>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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\"icon\"<\/div>\r\n
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Why It Matters: Role of Business<\/div>\r\n
\r\n\r\nWhy does the Role of Business matter?\r\n\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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\"icon\"<\/div>\r\n
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Show What You Know<\/div>\r\n
\r\n\r\nTake 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.\r\n\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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\"icon\"<\/div>\r\n<\/div>\r\n
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What Is Business?<\/div>\r\n
\r\n\r\nDefine the concept of business\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n
Reading: Getting Down to Business<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: What Is Business?<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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\"icon\"<\/div>\r\n<\/div>\r\n
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For-Profit vs. Non-Profit<\/div>\r\n
\r\n\r\nDistinguish between for-profit and nonprofit organizations\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n
Reading: Making a Profit<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: For-Profit vs. Non-Profit<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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\"icon\"<\/div>\r\n<\/div>\r\n
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Factors of Production<\/div>\r\n
\r\n\r\nList the four factors of production required to sustain a business\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n\r\n
Reading: Factors of Production: Inputs and Outputs<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Reading: The Flow of Inputs and Outputs<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: Factors of Production<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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\"icon\"<\/div>\r\n<\/div>\r\n
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Functional Areas<\/div>\r\n
\r\n\r\nIdentify the primary functional areas within a business and describe their contribution to the organization\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n
Reading: Functional Areas of Business<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: Functional Areas<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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\"icon\"<\/div>\r\n<\/div>\r\n
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Stakeholders<\/div>\r\n
\r\n\r\nIdentify business stakeholders and describe their relationship with business organizations\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n
Reading: Business Stakeholders<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: Stakeholders<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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\"icon\"<\/div>\r\n<\/div>\r\n
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External Forces<\/div>\r\n
\r\n\r\nIdentify the external forces that shape the business environment\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n
Reading: External Forces<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: External Forces<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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\"icon\"<\/div>\r\n
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Putting It Together: Role of Business<\/div>\r\n
\r\n\r\nRole of Business\r\n\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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\"icon\"<\/div>\r\n
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Quiz<\/div>\r\n
\r\n\r\nYou 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.\r\n\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>","rendered":"
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Module: Role of Business<\/h1>\n<\/div>\n<\/div>\n<\/div>\n
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\"icon\"<\/div>\n
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Why It Matters: Role of Business<\/div>\n
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Why does the Role of Business matter?<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\"icon\"<\/div>\n
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Show What You Know<\/div>\n
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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.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\n
\"icon\"<\/div>\n<\/div>\n
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What Is Business?<\/div>\n
\n

Define the concept of business<\/p>\n<\/div>\n\n\n\n\n
Reading: Getting Down to Business<\/td>\n<\/td>\n<\/tr>\n
Self-Check: What Is Business?<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\n
\n
\n
\"icon\"<\/div>\n<\/div>\n
\n
For-Profit vs. Non-Profit<\/div>\n
\n

Distinguish between for-profit and nonprofit organizations<\/p>\n<\/div>\n\n\n\n\n
Reading: Making a Profit<\/td>\n<\/td>\n<\/tr>\n
Self-Check: For-Profit vs. Non-Profit<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\n
\"icon\"<\/div>\n<\/div>\n
\n
Factors of Production<\/div>\n
\n

List the four factors of production required to sustain a business<\/p>\n<\/div>\n\n\n\n\n\n
Reading: Factors of Production: Inputs and Outputs<\/td>\n<\/td>\n<\/tr>\n
Reading: The Flow of Inputs and Outputs<\/td>\n<\/td>\n<\/tr>\n
Self-Check: Factors of Production<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\"icon\"<\/div>\n<\/div>\n
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Functional Areas<\/div>\n
\n

Identify the primary functional areas within a business and describe their contribution to the organization<\/p>\n<\/div>\n\n\n\n\n
Reading: Functional Areas of Business<\/td>\n<\/td>\n<\/tr>\n
Self-Check: Functional Areas<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\"icon\"<\/div>\n<\/div>\n
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Stakeholders<\/div>\n
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Identify business stakeholders and describe their relationship with business organizations<\/p>\n<\/div>\n\n\n\n\n
Reading: Business Stakeholders<\/td>\n<\/td>\n<\/tr>\n
Self-Check: Stakeholders<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\"icon\"<\/div>\n<\/div>\n
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External Forces<\/div>\n
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Identify the external forces that shape the business environment<\/p>\n<\/div>\n\n\n\n\n
Reading: External Forces<\/td>\n<\/td>\n<\/tr>\n
Self-Check: External Forces<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\"icon\"<\/div>\n
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Putting It Together: Role of Business<\/div>\n
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Role of Business<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\"icon\"<\/div>\n
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Quiz<\/div>\n
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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.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"parent":0,"menu_order":10,"template":"","meta":{"pb_part_invisible":false,"pb_part_invisible_string":""},"contributor":[],"license":[],"class_list":["post-79","part","type-part","status-web-only","hentry"],"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-json\/pressbooks\/v2\/parts\/79","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-json\/pressbooks\/v2\/parts"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-json\/wp\/v2\/types\/part"}],"version-history":[{"count":0,"href":"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-json\/pressbooks\/v2\/parts\/79\/revisions"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-json\/wp\/v2\/media?parent=79"}],"wp:term":[{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-json\/wp\/v2\/contributor?post=79"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-json\/wp\/v2\/license?post=79"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}