PBMF Econ, Business Characteristics, and Management

How are businesses classified?

• Number of employees

• Work activities the business performs

• Age of the company

• Profit level of the business

Which of the following is an example of a producer?

• Cotton mill

• Juice factory

• Mine

• Landscape company

Which of the following is an example of a service firm?

• Cotton mill

• Juice factory

• Mine

• Landscape company

Which of the following is NOT a main category: function of business?

• Management

• Finance

• Marketing

• External relations

Which of the following is NOT an example of a processor?

• Cotton mill

• Automobile factory

• Oil refinery

• Textile mill

Which of the following is NOT a step of the employment process in the Human Resources department?

• Assess employment needs

• Recruit potential employees

• Select employee who fulfills goals

• Negotiate salary and benefits of new hires

Which of the following is NOT a role the Human Resources department plays when helping orient employees?

• Introducing co-workers

• Helping fill out paperwork

• Assisting employees in their adjustment phase

• Analyzing employee morale

Which of the following is NOT a level of Maslow's hierarchy of needs?

• Self-actualization

• Self-esteem

• Personal interest

• Safety

Which of the following is NOT a function of management?

• Analyzing

• Directing

• Organizing

• Planning

According to the segment, why is the Finance and Accounting department important to a business?

• Controls hiring decisions

• Businesses cannot exist without cash flow

• Focuses on the worth of the company

• Controls the Human Resources department