Business Essentials 3.00-3.02 Review

1.     Which of the following is an important function of mid-level management?

• To prepare workers’ daily schedules

• To serve as a link between top-level and first-line management

• To make sure projects meet deadlines

A manager studies the business’s previous sales statistics as well as the sales forecast before making purchasing decisions. What type of resource is the manager using?

• Human

• Financial

• Information

A small-business manager who considers how a one-person reduction in office staff could impact the rest of his/her company is demonstrating

• Technical skills

• Conceptual skills

• Interpersonal skills

Which of the following do many businesses believe to be their most important resource:

• Employees

• Equipment

• Sales Revenue

A typed summary of personal, educational, and professional qualifications and experience, that is prepared by an applicant for an interview is a....

• Work History

• Resume

• Cover Letter

Which of the following represents a primary business activity:

• Designing

• Marketing

• Scheduling

A business that exists to fulfill a specific mission or undertaking is called a business.

• Nonprofit

• For-profit

• Focused

An example of performing business activities in an "out of ordinary" way is when business

• Operates as the link between customers and products

• Begins long-term planning and organization

• Hires an outside firm to perform its marketing

I am learning new (a) ____ in the area of organization, at my new job.

• Job skills

• Resumes

• References

What must managers be able to do if they want employees to understand the business’s goals and be productive?

• Listen carefully

• Obtain feedback

• Communicate clearly