ICEV Final Assessment Business & Management Concepts

Which of the following is NOT a function of management?

• Control

• Plan

• Finance

• Organize

Which of the following describes consumerism?

• The societal effort to protect consumer rights by enforcing pressure

• The type of behavior which is truthful, fair and takes into account the well-being of all people involved

• Consumer awareness where air and water pollution is concerned

• When companies put forth an effort to produce and promote environmentally friendly products

Which of the following is NOT one of the four components of the business process?

• Production

• Marketing

• Finance

• Organization

Which of the following is one way business can be categorized?

• By width

• By product

• By salary

• By demographic

What kind of businesses are motivated to earn a profit?

• Public

• Government

• Private

• Nonprofit

Where does marketing exist?

• Only in stores

• Wherever a product is sold to the customer

• On the Internet

• In customer’s mail

Which of the following is the traditional management structure?

• Vertical

• Horizontal

• Expansive

• Pyramid

What occurs in the planning function of management?

• Deciding what needs to be done and how it will be accomplished

• Coordinating all those involved to achieve the company of departmental goals

• Comparing what was planned with the actual performance

• Delegating duties to other employees in the company

Which of the following describes small businesses?

• Are usually national or global

• Can be divided into many different departments

• Usually have less than 100 employees

• Usually have more than 100 employees

Which of the following is NOT an aspect of social responsibility?

• Air and water pollution

• Conservation and recycling

• Green marketing

• The ozone layer