General Management Quiz

What does the National Labors Act guarantee?

• The right of employees to receive equal pay for equal work.

• The right of employees to organize and collective bargaining with their employers.

• The right of employees to personal days and sick leave.

• The right of employees to a minimum wage.

What is the purpose of a Gantt chart?

• To help teams plan work around deadlines and properly allocate resources.

• To guarantee equal pay for men and women in the workplace.

• To help teams plan work around deadlines and properly allocate resources.

• To create a batch of personalized documents.

What is a Sole Proprietorship?

• A chart to help teams plan work around deadlines.

• A non-registered, unincorporated business run solely by one individual.

• A relationship between two or more people to do trade or business.

• A formal document created by an organization to respond to unplanned incidents.

What does "Strategic" refer to in the context of general management?

• The ability to lead ourselves, teams, and organizations to advance the organization's missions and goals.

• The act of creating a batch of documents that are personalized for each recipient.

• The relationship between two or more people to do trade or business.

• A formal document created by an organization to respond to unplanned incidents.

What is the CE Business Strength/Market Attractiveness matrix used for?

• To represent data in a pictorial form.

• To help companies decide how to prioritize their different businesses.

• To specify that 80% of consequences come from 20% of the cause.

• To create a batch of personalized documents.

What does the Market Growth/Share Matrix indicate?

• An increase in sales volume of products, services, and economic activity over time.

• A non-registered, unincorporated business run solely by one individual.

• The ability to lead ourselves, teams, and organizations to advance the organization's missions and goals.

• The relationship between two or more people to do trade or business.

What is a Partnership in the context of general management?

• A formal document created by an organization to respond to unplanned incidents.

• A relationship between two or more people to do trade or business.

• A non-registered, unincorporated business run solely by one individual.

• A chart to help teams plan work around deadlines.

What is the purpose of a Pie graph?

• To help teams plan work around deadlines and properly allocate resources.

• To represent data in a pictorial form, making it easier to visualize and understand the proportionate parts.

• To specify that 80% of consequences come from 20% of the cause.

• To create a batch of personalized documents.

What does the Pareto principle state?

• That 80% of consequences come from 20% of the cause, asserting an unequal relationship between inputs and outputs.

• That an increase in sales volume of products, services, and economic activity occurs over time.

• That a non-registered, unincorporated business is run solely by one individual.

• That a formal document is created by an organization to respond to unplanned incidents.

What was the primary purpose of the North American Free Trade Agreement (NAFTA) as described in the document?

• To establish a common currency between the US, Mexico, and Canada

• To encourage trade between the US, Mexico, and Canada by reducing tariffs

• To create a new governing body for North American countries

• To increase tax rates for imports and exports between the US, Mexico, and Canada