Business Activities Study Guide

1. Every business must accomplish which of the following:

• Produce or provide goods/services
• Obtain venture capita
• Issue corporate bonds
• Trade or sell business assets/property

2. Which of the following is the main purpose of management:

• To obtain the needed resources
• To accomplish the business’s goals
• To reach a specific level of productivity
• To create a pleasant working atmosphere

3. What management function is being described in the following situation: David Thomas, a top-level manager, identifies jobs to be performed, assigns responsibility for them, establishes departments to handle the jobs, and determines how many and which employees mid-level managers will supervise.

• Directing
• Planning
• Controlling
• Organizing

4. Which management function is described in the following situation: Christy Chen determines the type of workers she needs, locates qualified applicants, selects those to be hired, and assigns the new hires to a work area.

• Staffing
• Planning
• Controlling
• Organizing

5. A manager evaluates the production output of a department by checking it against the production goals for that time period. This is an example of the ______________ function of management.

• Staffing
• Planning
• Controlling
• Organizing

6. Which of the following are examples of top-level management job titles:

• District manager, department head, and regional sales manager
• Collections supervisor, crew chief, and production supervisor
• President, senior vice president, and chief executive officer
• Floor supervisor, area supervisor, and section manager

7. Who is normally responsible for purchasing the proper material resources for workers to use in doing their jobs?

• Supervisory managers
• Top-level managers
• First-line workers
• Middle managers

8. The people who work to produce goods and services are known as

• raw materials
• facilities
• human resources
• capital

9. Which of the following activities demonstrates human resources management:

• The business gives its preferred customers a special discount.
• The business takes care of the responsibilities associated with having employees.
• The business acts on new information about a competitor.
• The business includes top-level managers in long-term planning.

10. The first task in the HR management activity of staffing is

• determining job descriptions
• recruiting
• screening and selecting employees
• determining need