Business Management TSA Prep

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 an example of a pro for manual accounting systems?

• Less errors are made when adding up transactions

• It takes less time to post all entries to all ledgers

• Backing up the manual system it easy

• Individual accounts can be easily reconciled

What is NOT an example of a con for a computerized system?

• The ability to analyze trends is easier

• It is difficult to access information when at another location

• It is difficult to keep accounting system up to date

• It is easier to erase transactions that are wrong

An autocratic leader

• gives orders to employees

• takes orders from employees

• asks for employees input