TSA: Business Management (5 of 7)

What type of institution offers loans to consumers, including auto dealers and credit unions?

• Investment Firms

• Tax Agencies

• Loan Providers

• Offers Loans to Consumers

What does "On the Job Training" (OJT) involve?

• Studying manuals at home

• Observing senior staff without participating

• Learning by performing tasks in the workplace

• Attending external workshops

What is a "One on One Interview"?

• A group conversation among applicants

• An online survey

• A telephone screening

• Face-to-face questioning and observation of an applicant

What are "Opportunity Costs"?

• The price difference between two options

• The gain from every business decision

• The loss of potential gain from other alternatives when one option is chosen

• Taxes on investments

What does an "Organizational Chart" show?

• The company’s budget

• Employee salaries

• Structure and reporting relationships within an organization

• Daily schedules

What is "Organizational Consolidation"?

• Downsizing employees

• Selling multiple businesses

• Coordinating closely with other organizations in the supply chain

• Rebranding the organization

What is meant by "Organizational Culture"?

• A company’s product line

• Industry regulations

• The behaviors and practices unique to a specific company

• A mission statement

What does "Organizing" involve in business?

• Hiring employees

• Setting personal goals

• Dividing work into departments to complete tasks efficiently

• Conducting surveys

What is "Orientation" in a workplace context?

• A motivational seminar

• Training after a year of service

• The introduction to a new occupation

• A final performance review

What does OSHA focus on?

• Retirement benefits

• Workplace safety guidelines and regulations

• Healthcare reform

• Salary negotiation strategies