POB 6/7 2017

A characteristic of a sole proprietorship is that the owner:

• has access to unlimited funds
• receives all the profit
• transfers all the risk
• delegates all functions

One reason why human resources management is important to the success of a business is because this process is responsible for:

• creating jobs for the company
• eliminating turnover
• staffing the business
• reducing compensation

A manager who helps an employee count the money in a cash drawer and prepare a bank deposit is demonstrating:

• aggressive behavior
• natural taltent
• creativity
• technical skills

Which is a characteristic of human resources management?

• evaluating supervisors
• developing leaders
• scheduling the work
• working with people

Which would probably result if a business reduced its marketing costs?

• increased costs of production
• decreased variety of consumer goods
• increased consumer awareness of goods and services
• decreased need for customer contact with businesses

According to the marketing concept, which option demonstrates customer orientation?

• finding out what a buyer wants
• researching a firm's competitors
• convincing a buyer to buy
• advertising the features ofa product

The Scott Company decided to sell stock to raise capital.  Under what form of business organization does the company operate?

• partnership
• cooperative
• corporation
• proprietorship

A type of business ownership in which one or more of the owners does NOT have full liability is called a:

• general partnership
• limited partnership
• sole proprietorship
• service organization

How frequently should the operations function, which consists mainly of activities, be performed?

• monthly
• weekly
• daily
• yearly

John says that his job duties include planning what will be done, organizing and directing workers, and solving problems related to worker productivity.  His job can BEST be described as a:

• manager
• broker
• cashier
• bookkeeper