Business Management Final Exam Review (A)

The top managers in a business are involved in planning, but first-level managers such as supervisors are not.

• True
• False

Effectiveness of a work team is the responsibility of team members; managers cannot influence its success.

• True
• False

When the value of the dollar declines in relation to foreign currency, prices drop abroad on American products.

• True
• False

Firewalls are used to screen people who enter or exit a network.

• True
• False

Total receipts less the total checks written can tell a business how well it is doing.

• True
• False

Except for equipment, fixed assets tend to lose their value over time.  

• True
• False

Preferred stockholders usually have voting privileges at the stockholders’ meetings.

• True
• False

There are three levels of product design: the basic product, the enhanced product, and the extended product.

• True
• False

Companies use exit interviews to gather feedback about the company’s policies and procedures, management, and operations.  

• True
• False

Responsibilities of managers in a career development program include evaluating the performance of their employees and including career planning in evaluation conferences.  

• True
• False