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WorksheetsCE Business Management
Total questions: 25
Worksheet time: 13mins
Name
Class
Date
1.
____________________ is a management-oriented and production-centered perspective of organizational communication.
a)
Personnel Management
b)
Scientific Management
c)
Logistics Management
2.
Managers conduct capacity planning by:
a)
calculating the production requirements of their production facility
b)
estimating shipping costs
c)
forecasting demand for their product
3.
An Italian restaurant is recruiting a new restaurant manager. They have narrowed down the candidates to two individuals; one a woman, and one a man. Both candidates are equally qualified for the position. The restaurant owner has interviewed both candidates and originally was going to offer the job to the man, but decided he wanted to save money. He ends up offering the job to the woman at a salary $10,000 lower that what he was going to offer the man This is an example of:
a)
gender discrimination
b)
racial discrimination
c)
age discrimination
4.
As a manager, Carl spends a lot of his time helping employees to focus on their work tasks and identify and overcome obstacles. He also ensures that they understand how their efforts contribute to the success of the organization and that they’re motivated to make progress. These activities are a part of which primary function of management?
a)
controlling
b)
directing
c)
organizing
5.
The conclusion of the Hawthorne studies was that:
a)
meeting individual needs and desires for inclusion in groups and decision-making are very important in employee productivity
b)
business organizations should be treated as social systems
c)
a business environment is more scientific than social
6.
Which of the four Ps is defined as setting the monetary amount charged and terms of exchange for a product or service?
a)
Price
b)
Promotion
c)
Place
7.
The four financial statements a company is required to prepare according to GAAP are:
a)
Income statement, statement of financial position, balance sheet, and statement of cash flow.
b)
income statement, corporate tax return, balance sheet, and statement of cash flows.
c)
income statement, balance sheet, statement of cash flow, and statement of owner’s equity.
8.
What prevents some people from starting their own business?
a)
having too much startup money
b)
lack of an idea that would distinguish them in the market
c)
need for security
9.
A team in the __________ phase is transitioning to a period when it focuses on developing shared values and expectations for how to work together and facilitate collaboration.
a)
storming
b)
performing
c)
norming
10.
The SWOT analysis examines an organization’s:
a)
strengths, weaknesses, operations, and tactics
b)
strengths, weaknesses, opportunities, and threats
c)
sales, working capital, operating expenses, and taxes
11.
The bubble gum manufacturing process begins when ingredients are mixed and then passed to the next workstation. There, the bubble gum “batter” is poured into molds and pressed into spheres. The filled molds are then moved to the next workstation where they are opened, their contents removed, and placed on a belt. At the next station, the molds are sprayed with a candy coating. This is an example of a(n):
a)
handmade line
b)
assembly line
c)
customized line
12.
The goal of a union is to:
a)
to collect dues
b)
protect job skills
c)
add new members
13.
For a company or organization to satisfy a social need, it should provide:
a)
company gatherings like picnics or social get-togethers
b)
generous compensation, paid time off and other benefits
generous compensation, paid time off and other benefits
c)
a friendly work environment that fosters collaboration and communication
14.
In order to calculate the net income from business operations a manager would apply which of the following equations?
a)
net income = debits – credits
b)
net income = liabilities + equity
c)
net income = total revenue – total expenses
15.
According to the Small Business Administration, a small business is one that
a)
has less than 500 employees
b)
exerts a large influence in its industry
c)
is independently owned and operated
16.
Skills you need to master in order to perform specific tasks are:
a)
interpersonal skills
b)
organizational skills
c)
technical skills
17.
A working group is best described as:
a)
a group of people who go about their jobs independently and meet primarily to share information
b)
a group of people performing the same job functions and working in the same office space
c)
a group of people with complementary skills who work together to achieve a specific goal
18.
What singular focus is at the center of everything marketing does?
a)
promotion: the advancement of a product or idea through publicity and/or advertising
b)
profit: the financial gain realized when revenue gained from a business activity exceeds its costs
profit: the financial gain realized when revenue gained from a business activity exceeds its costs
c)
value: the benefits buyers receive from an offering that meets their needs
19.
In accounting, GAAP stands for:
a)
governance of American accounting processes
b)
global authentic accounting practices
c)
generally accepted accounting principles
20.
Rajesh decided to open a custom T-shirt shop in his hometown of Fairfield, IA. He has spent 100 hours getting everything ready for the grand opening. It has taken him many hours of skillful conversations to get his two main suppliers, a T-shirt supplier and an ink supplier, to agree upon business terms. Rajesh has become better at negotiating and has used many other skills to set up his business. Rajesh feels a sense of satisfaction because by opening this business he is gaining ____”
a)
no potential opportunities for success
b)
personal satisfaction
c)
learning opportunities
21.
Managers use the SWOT analysis to:
a)
capitalize on opportunities by taking advantage of organizational strengths
b)
protect the organization from internal weaknesses and external threats that have been identified
c)
realign the organization’s goals and objectives with regard to the current business environment
22.
What key characteristic(s) may be seen when groups are in a norming stage?
a)
collaboration
b)
synergy
c)
distrust
23.
Facing tough competition in the mobile application market, John’s employer assigns him to monitor the competitive environment. Examples of competitive activity he should monitor in the external marketing environment include:
a)
government regulations around data privacy
b)
new product features and enhancements
c)
advertising, promotions, and media coverage
24.
The software used to design models of potential products is called ___________.
a)
computer-created design (CCD)
b)
computer-aided design (CAD)
c)
computer-aided manufacturing (CAM)
25.
The Taft-Hartley Act was created:
a)
to protect companies from unfair labor practices by unions
b)
to protect employees from retaliation should they join a union
c)
to combat corruption in labor unions
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