Business Management TSA quiz AZ CTE

How is the relationship between different departments on the same organizational level described?

• Hierarchical

• Vertical

• Line

• Horizontal

What information is available on a company's income statement?

• Owner's equity

• Profit

• Assets

• Overhead

What is the concept of protecting a person’s ideas called?

• Copyright

• Trademark

• Intellectual property

• Trade secrets

What term refers to an individual who works for an organization, sometimes without pay, in order to gain work experience?

• Fulltime work

• Internship

• Contractor

• Consultant

Which element is NOT a component of SWOT analysis?

• Opportunity

• Strength

• Time

• Weakness

What type of hardware is used to generate business communications and reports?

• Copier

• Laptop

• Facsimile

• Scanner

Which item is NOT a barrier to quality business communications?

• Feedback

• Distractions

• Culture

• Emotion

What is a key principle of business ethics?

• Profit maximization at any cost

• Transparency and accountability in all operations

• Ignoring stakeholder interests

• Prioritizing short-term gains over long-term sustainability

What is the law of demand?

• As the price of a good increases, the quantity demanded decreases, ceteris paribus.

• As the price of a good increases, the quantity demanded increases.

• As the price of a good decreases, the quantity demanded remains unchanged.

• As the price of a good decreases, the supply of the good increases.

Which of the following best defines entrepreneurship?

• The process of purchasing stocks and bonds

• The act of managing and organizing any enterprise, especially a business, usually with considerable initiative and risk

• The practice of being employed by a large corporation

• The activity of working for the government