Intro to Business 1-50

Which of the following correctly lists the needs of consumers which should be met? Shown in order with most basic needs to highest level needs.

• Physical, social, psychological

• External, internal, social

• Physical, psychological, economic

• External, internal, psychological

The employment process is carried out by which department?

• Distribution

• Human resources

• Management

• Marketing

Entrepreneurship primarily involves minimizing risks and avoiding opportunities for innovation.

• True

• False

Which of the following is the financial gain a company receives when the total revenue generated from its operations is more than the total expenses incurred?

• Revenue

• Profit

• Sales

• Returns

What motivates entrepreneurs to pursue ventures?

• The need for bureaucratic layers

• A desire for a fixed, dependable salary

• No responsibility for decision-making

• Independence and the opportunity for financial success

Scheduling is the process of missing deadlines and mismanaging time.

• True

• False

Verbal communication will enhance which of the following?

• Creating problems

• Breaking new ground

• Clarity of understanding

• Interruptions from coworkers

Risk mitigation compliance may include which of the following?

• Positive work behaviors and personal qualities which make individuals more likely to gain employment and succeed in their chosen career

• Arriving at work on-time and successfully completing the tasks assigned

• Preventing legal violations

• Recognizing the questions which relate to goals, purpose and needs

Which of the following is a reason for setting specific and achievable goals in time management?

• Increases stress and anxiety

• Reduces procrastination

• Allows for vague planning

• Keeps you busy

Which of the following is a type of compliance?

• Legal compliance

• Trial compliance

• Culture compliance

• Morale compliance