WorksheetsB.M. MID TERM EXAM
Total questions: 45
Worksheet time: 23mins
Businesses that primarily use labor to satisfy customer. Example: Stanley Steamer
Product Based Company
Service Based Company
Franchise
Sole Proprietorship
Businesses that make a product to satisfy customers. Example: Nike Factory
Product Based Company
Service Based Company
Franchise
Joint Venture
Business owned by 2 or more people
Joint Venture
Partnership
Sole Proprietorship
Work Team
2 or more businesses that come together to make a product or service
Work Team
Partnership
Joint Venture
Great Business
Business owned and managed by one person
Joint Venture
Franchise
Partnership
Sole Proprietorship
Individual or small group can sell a service or product under the company's name
Franchise
Sole Proprietorship
Leading
Staffing
Money is an intrinsic motivation
True
False
Carefully plan for change in business
True
False
Maslow's Hierarchy of Needs are Hygiene Factors and Motivators
True
False
Set of factors that influences the actions taken by an individual to accomplish a goal
Staffing
Leading
Motivation
Planning
Finding individuals with the right skills to do work
Staffing
Leading
Motivation
Planning
Working with employees to ensure they are motivated and have resources needed to help carry out plans
Leading
Staffing
Planning
Motivation
What are the 5 inputs to change management? **hint** PieCIES
Planning Controlling Inviting Educating and Supporting
Plotting Communicating Involving Educating and Supporting
Planning Communicating Involving Educating and Supporting
None of these listed
Group of individuals who cooperate to achieve a common goal
Telecommuting
Management
Work Team
Partnership
Birth rate, death rate, and level of immigration determines ______________.
Baby Boomers
Growth Rate
Generation X
Stakeholders
Babies born from 1945-1964 known as __________.
Generation X
Generation Y
Baby Boomers
None of these
Babies born from 1965-1980 are known as _________.
Baby Boomers
Generation X
Generation Y
None of these
Working via communication technology instead of going to an office
Staffing
Telecommuting
Communication
Ex-factors
It is important to have a Code of Ethics in a business
True
False
Most people aged 16 or over, who are available to work
Redesigning Jobs
Labor Force Participation
Labor Force
Managers
Invisible barrier to job advancement
Sticky Floor Syndrome
Glass Ceiling
Business Competition
None of these
Inability of workers to move up from low paying jobs that require little skill and education
Glass Ceiling
Sticky Floor Syndrome
Business Competition
None of these
Top level manager
Manager
Supervisor
Executive
Employee
Rivalry among companies for customers
Management
Business Competition
Mission
Management Rivalry
Manager whose main job is to direct the work of employees
Executive
Supervisor
Manager
Entrepreneurs
Person who completes all five management functions on a regular basis
Supervisor
Manager
Entrepreneurs
Executive
What are the 5 functions of management?
Planning Controlling Inviting Educating and Supporting
Planning Organizing Staffing Leading and Controlling
Planning Communicating Involving Educating and Supporting
None of these
What are the 3 levels of management?
Entrepreneurs Intrepreneurs and Business Owners
Executives, Middle Managers, and Supervisors
Executives, Entrepreneurs, and Supervisors
None of these
What management function does a middle manager mainly perform
Planning
Controlling
Staffing
Leading
The careful objective study of management decisions and procedures in order to improve the operations of businesses
Management Science
Business Competition
Business Rivalry
None of these
Business plans consist of a mission statement
True
False
Business plans consist of a vision statement
True
False
Which of the following is NOT a characteristic of entrepreneurs?
Self-starters
Like to make sure others do most of the work
Enjoy working on their own
Usually work hard and for long periods
Which of the following is NOT an advantage of proprietorship?
The owner is her own boss
The owner receives all the profits
The owner deals with limited red tape
The owner pays more taxes than corporations do
Which of the following is an advantage of a partnership?
May reduce competition
May disagree
Bound by contracts of other partners
Have an uncertain life
Which of the following is NOT an advantage of a partnership?
Can pool skills and abilities
Provide greater amounts of capital
Have limited liability
The business's credit is improved
An example of an intrinsic motivation factor is
Praise from your supervisor
A pay increase
Personal satisfaction
The admiration of coworkers
The efforts to increase the effectiveness and efficiency of specific business operations are known as
Organizational change
Team effectiveness
Consensus building
Process improvement
The U.S. labor force includes
People aged 16 and over who are available for work
Employed people aged 16 and over
Unemployed people aged 16 and over
All of these listed
When people encounter difficulties in being promoted to management above a certain level, they have encountered a
Glass ceiling
Promotion ceiling
Sticky floor
Legal barrier
Which of the following is NOT related to the concept of ethics?
Ethics refers to standards of moral conduct
Ethical behavior is closely linked to personal values
Ethics always shows what is right and what is wrong
Ethics helps define what behavior is seen as right or wrong
Generally, as the standard of living increases, the birth rate
Increases
Stays the same
Falls
Fluctuates
The North Central and Northeastern states where the major manufacturing firms once dominated are known as the
Rust Belt
Frost Belt
Sun Belt
Snow Belt
Job factors that increase job satisfaction
Motivators
Motivation
Achievement Need
Hygiene Factors
Effectively directing the major activities of a business to achieve its goals
Process Improvement
Power Need
Operations
Operations Management
