2nd Quarter Review- Intro to Busn

Most business in the United States are owned and operated by ____.

• big corporations
• partners
• one person
• foreign investors

A brief account of the key points contained in a business plan is the

• executive summary
• company description
• vision statement
• mission statement

Informal structure often works well for ____.

• small businesses
• international businesses
• service businesses
• large corporations

Many managers begin their career in a(n) _____.

• minimum wage job
• manager trainee position
• entry level position
• staff position

The study of how people interact in the workplace is called _____ relations.

• human
• labor
• workplace
• inerpersonal

What is NOT true of a business vision?

• It is to be shared by all in a company.
• It is the big picture.
• It represents a goal to strive for.
• It is for the leader alone.

A producer changes raw materials into a ___ product.

• completely finished product
• more finished product
• other raw materials
• natural

Which is NOT part of the leadership function for a manager in charge of a project?

• Resolving conflicts between workers
• overseeing time management
• hiring employees
• providing feedback on others' work

Which department in a company pays the bills for the business?

• accounting
• finance
• marketing
• management 

Which department in a company sets the price of a product?

• Marketing
• Accounting
• Procurement
• Production