NEW
Font size
S
M
L
XL
WorksheetsExam Practice
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
Identify the functional area of business which is responsible for means by which the products are developed, priced and distributed to customers.
a)
Finance
b)
Accounting
c)
Marketing
d)
Management
2.
... distinguishes a businesses product from its competitors and makes it rather desirable
a)
Dividends
b)
Unlimited Liability
c)
Competitive Advantage
d)
Capital Gain
3.
Which of the following is the term for an attempt by a firm to cut expenses by eliminating job positions
a)
Going public
b)
Downsizing
c)
Line Organization
d)
Financial Crisis
4.
Which of the following stages of management includes the process of influencing the habits of others to achieve a common goal?
a)
Planning
b)
Organizing
c)
Leading
d)
Controlling
5.
Which of the following is the term for a number of employees managed by each manager
a)
Focus Groups
b)
Organizational Structure
c)
Span of control
d)
Company staff
6.
Identify the business ownership model under which responsibility is carried only for the amount of money invested into business
a)
Unlimited Liability
b)
Limited Liability
c)
Joint Venture
d)
Sole Proprietorship
7.
Which of these responsibilities are highly important in following ethical business practices to a firm?
a)
Responsibility to Customers
b)
Responsibility to Employees
c)
Responsibility to Environment
d)
All of the above
8.
Shortage is:
a)
when Supply exceeds Demand
b)
when Demand exceeds Supply
c)
when Demand equals to Supply
d)
none of the above
9.
Cyclical Unemployment is
a)
People who are between jobs
b)
People whose services are not needed during some seasons
c)
People who are unemployed because they do not have adequate skills
d)
People who are unemployed because of poor economic conditions
10.
Define the management skill set which relates to ability to understand relationships among various tasks
a)
Conceptual Skills
b)
Interpersonal Skills
c)
Technical Skills
d)
Decision Making Skills
Reset
