Business Management Certification

What is the key objective of a small business owner?

• To generate profits

• To minimize risks

• To expand globally

• To hire more employees

What are entrepreneurs willing to take on to grow their businesses rapidly?

• Known opportunities

• Unknown risks

• Guaranteed profits

• Stable markets

What type of products require pick-up or delivery?

• Digital

• Physical

• Virtual

• Service-based

When a customer purchases an item from a business, what type of transaction is it?

• Business-to-business

• Business-to-consumer

• Consumer-to-consumer

• Consumer-to-business

What type of corporations are for-profit with limited liability?

• Non-profit corporations

• S corporations

• Sole proprietorships

• Partnerships

Which type of corporations are ideal for international businesses?

• S corporations

• C corporations

• Limited liability companies

• Non-profit organizations

Who oversees daily operational and administrative functions in a company?

• Chief Executive Officer

• Chief Operating Officer

• Chief Financial Officer

• Chief Marketing Officer

Who votes on the management of a company?

• Employee

• Customer

• Stockholder

• Supplier

How are employees paid when they receive a fixed amount each pay period?

• By commission

• By salary

• By piece work

• By hourly wage

What can businesses offer in addition to a lower salary?

• Bonuses

• Equity

• Discounts

• Insurance