Introduction to Business - Final Exam

The person charged with directing the businesses vision and mission is usually called the:

• CFO
• CEO
• COO
• None of the above

CEO stands for:

• Chief Executive Officer
• Chief Financial Officer
• Chief Operating Officer

Nearly 20 million businesses in the United States have only one employee.

• True
• False

An Entrepreneur is someone who takes a risk in starting a business to earn a profit

• True
• False

The characteristics of an entrepreneur include:

• a desire to be your own boss
• Have Special skills and abilities
• Canthink of a service or product not being offered by others
• All of the above

Management is:

• the people running a basketball game
• the administration of an organization whether business or not-for-profit.
• the leader of a baseball team
• None of the Above

A manager is the person who make things happen in business

• True
• False

The five roles of managers are:

• budgeting, writing, reading, teaching and supervising
• writing, reading, math, history, science and social studies
• Planning, Organizing, Staffing, Implementing and Controlling
• None of the above

Top management are the top level executives that include:

• President, CEO, COO, Vice President, and CFO
• Supervisors and managers
• Support staff
• None of the above

The CEO is the Chief Operating Officer and oversee daily operations of the company and the work of the executives

• True
• False