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Marketing Mgmt IA3 Review 1920

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

You cheer your employees on and inspire them to do their best work. What type of management is this?

a)

Quality

b)

Behavioral

c)

Administrative

d)

Classical

2.

Feedback can help you improve an idea. Which of the following would NOT be a good source of feedback?

a)

Employees

b)

Customers

c)

Competitors

d)

Supervisors

3.

What is self-actualization?

a)

Setting long-term goals

b)

Working under stress and forcing yourself to meet deadlines

c)

Fulfillment of one’s talent and potential

d)

Gaining wealth and status within an organization

4.

What can we expect from a manager who uses a limited control approach to supervise his employees?

a)

She will allow his employees to work freely in the way they choose.

b)

She will micromanage everything his employees do.

c)

She will manage depending on the needs of the situation.

d)

She will ignore employee work styles.

5.

To what three groups are organizations socially and ethically responsible?

a)

Customers; Employees; Competitors

b)

Employees; Self-Entity; Managers

c)

Customers; Employees; Community

d)

Employees; Competitors; Community

6.

Why do we trade between countries?

a)

Businesses like being able to boast of selling to multiple countries.

b)

Different countries find it easier to produce certain goods.

c)

Trading goods globally could improve our public relations.

d)

We can take advantage of less-developed countries.

7.

Along with revenue, which of the following is also one of the four main factors to consider when developing a budget?

a)

expenses

b)

mission statement

c)

regulations

d)

storage

8.

Which of these companies would be regulated by the Securities and Exchange Commission (SEC)?

a)

Donut Bank

b)

British Airways

c)

Charles Schwab Financial Services

d)

Georgia Cyber Academy

9.

Jeremy has a cool new logo for his gaming studio. What should he do to keep others from stealing it?

a)

File for a trademark

b)

Get it copyrighted

c)

Patent the idea

d)

Lower his prices

10.

How does the regulation regarding limited liability protect business owners?

a)

It does not allow creditors to go after the assets of a business in case of bankruptcy.

b)

It does not allow creditors to file a lawsuit against a business in the case of bankruptcy.

c)

It does not allow creditors to go after the personal assets of the owner in case of bankruptcy.

d)

It allows creditors to contact business owners at home.