Introduction to Business Post Assessment Review

What are the 3 main sources of PRIMARY data collection?

• Surveys, Interviews, Focus Groups

• Focus Groups, Government databases, surveys

• Surveys, observation, sampling

• Government database, commercial market research organizations, general media

Which type of business structure has both the benefits of a small business & a corporation?

• Car Sharing

• Franchise

• Cooperative

• Non-Profit organization

Which of the following is one of the MAIN forms of business ownership?

• Corporations

• Partner Proprietorship

• Cooperatives

• Stocks

This department is responsible for the research to support the PRICE of a product.

• Accounting

• Marketing

• Production

• Finance

Which managerial function comes FIRST when executing business goals?

• Leading

• Controlling

• Planning

• Organizing

• Staffing

The beliefs, customs and attitudes of a distinct group of people is referred to as ________.

• religion

• culture

• ethics

• habits

Which of the following plans should you prepare in order to make a new business idea a reality.

• Management Plan

• Marketing Plan

• Business Plan

• Financial Plan

Which of the following would you apply for in order to protect your creative property?

• Copyright

• Patent

• Trademark

• Music Consent

Which of the following is NOT a step in the decision-making process?

• Try all possible solutions

• Identify the problem

• Develop possible solutions

• Select the best solution

Autocratic leadership is likely to be effective when

• subordinates are highly trained professionals.

• the organization faces an emergency situation.

• workers enjoy expressing their opinions and having a say in what is done.

• the manager is uncertain about the best strategy to pursue.