Employee and Business Knowledge Flashcard

Front

Which employee must be at the store every Friday?

Back

Inventory Manager

Front

Which of the following characteristics represents leadership?
- Focuses solely on personal success
- Enables others to contribute towards the organization's success
- Avoids taking responsibility
- Works independently without collaboration

Back

Enables others to contribute towards the organization's success

Front

What action could a regulatory agency take to prevent goods from being imported into the country? Options: Subsidy, Embargo, Tariff reduction, Free trade agreement

Back

Embargo

Front

You work for a small business that reports the following on its balance sheet: $12,000 in assets and $2,500 in liabilities. How much is the owner's equity?

Back

$9,500

Front

What results when the Federal Reserve System increases interest rates to slow inflation?

Back

Prices will decline

Front

When a company or group has exclusive control over a product or service, it is known as a

Back

Monopoly

Front

As the personnel manager, when scheduling your employees, what should you consider?

Back

Their religious beliefs

Front

As the team leader, your supervisor asks you to gather sales figures for your sales team, complete them, and present them in a graphical format. To handle this task you should use a(n)

Back

Spreadsheet program

Front

What are the disadvantages of a market economy?

Back

Monopoly and unemployment

Front

Which of the following is the best explanation of why all businesses exist?
Options:
To create jobs for the community,
To provide goods and services to meet customer needs,
To generate profit for the government,
To compete with other businesses

Back

To provide goods and services to meet customer needs