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Review 3

Total questions: 48

Worksheet time: 34mins

Name
Class
Date
1.
The owner of a small company decides to stock a new product. Which business activity should the owner use to inform potential customers about the new product?
a)
finance 
b)
marketing
c)
management
d)
production 
2.
A U.S. company would decide to offer its products in other countries as a reason to:
a)
subsidize developing countries
b)
sell obsolete, outdated products. 
c)
expand to new, untapped markets. 
d)
provide jobs to people in other countries.
3.
A small-business owner whose business is a sole proprietorship is planning to “go global.” What method for going global would be best to recommend to the small-business owner? 
a)
Start by hiring an export management company. 
b)
Start by building facilities in the countries of interest.
c)
Start by merging with a foreign business that can sell your products.
d)
Start by renting facilities in the countries of interest and hiring foreign employees. 
4.
Which situation would most likely indicate the need to adapt to changes in the business environment? 
a)
The supply of materials used in manufacturing a product has decreased. 
b)
The number of the business's competitors has decreased.
c)
The demand for the product is stable. 
d)
 The business has experienced little employee turnover during the past year. 
5.
Jake has a history test on Friday. On Thursday night Jake's friend asks him to go to the movies. Jake lists the positives and negative outcomes of each choice. Which step in the decision-making process is this?
a)
A. Evaluate the decision
b)
B. Describe the situation
c)
C. Consider the consequences
d)
D. Explore the options
6.
The first step of decision making is
a)
List your options
b)
Outline the consequences
c)
Identify the problem
d)
Make the decision
7.
What part of SMART is missing? I will play more computer games with my brother this semester.
a)
Not attainable
b)
Not measurable
c)
Not time bound
d)
Not specific enough
8.
What part of SMART is missing? I will read thirty novels by the end of this month.
a)
Not specific enough
b)
Not time-bound
c)
Not attainable
d)
Not measurable
9.

In the decision-making process, which step occurs after the need is determined?

a)

acting on the decision

b)

considering the choices

c)

gathering the information

d)

making a decision

10.

A paradigm innovation occurs when:

a)

a major shift in thinking cause change

b)

processes are being improved to generate benefits

c)

the product is marketed in a different way

d)

there are improvements on the products

11.

Which type of innovation occurs when the new product is released to the public?

a)

paradigm

b)

position

c)

product

d)

process

12.

One way a business can reduce the risk of accidents in the workplace is by providing its employees with:

a)

safety training

b)

electronic data interchange (EDI)

c)

supply manuals

d)

weight-loss programs

13.

A characteristic of a sole proprietorship is that the owner:

a)

has access to unlimited funds.

b)

receives all the profit.

c)

transfers all the risk.

d)

delegates all functions.

14.

A type of business ownership in which one or more of the owners does not have full liability is called a:

a)

general partnership.

b)

limited partnership.

c)

sole proprietorship.

d)

service organization.

15.

A foreman spends time connecting with his workers on an interpersonal level. This involves communicating in ways that motivate and inspire employees toward a higher level of productivity. This task would fall under which function of management?

a)

controlling

b)

directing

c)

organizing

d)

planning

16.

The Scott Company decided to sell stock to raise capital. Under what form of business organization does the company operate?

a)

partnership

b)

cooperative

c)

corporation

d)

proprietorship

17.

Which type of ownership gives a business an exclusive territory, training and support during start up, and a competitive edge in the market?

a)

corporation

b)

franchise

c)

partnership

d)

sole proprietorship

18.

•The possibility of loss (failure) or gain (success).

a)

compliance

b)

risk

c)

safety

d)

freedon

19.

•Fulfilling the requirements of the law.

a)

Compliance

b)

Risk

c)

OSHA

d)

Safety

20.

points of operation, flywheels, gears, shafts, pulleys, key ways, belts, couplings, sprockets, chains, frames, controls, lighting for tools and equipment, brakes, exhausting, feeding, oiling, adjusting, maintenance, lockout/tagout, grounding, work space, location, purchasing standards.

a)

mechanical hazards

b)

kitchen hazards

c)

harmful

21.

•Dusts are tiny particles of solids. You may be exposed to dust from materials that are already in dust form, or from work processes that create dust. Examples: Bags of cement, Glass fibers, Asbestos, or Some herbicides.

a)

dusts

b)

vapors

c)

gases

22.

•Vapors are tiny drops of liquid that are suspended in the air. Vapors from some chemicals may irritate the eyes and skin. Examples: Cleaners, Paints, or Pesticides.

a)

vapors

b)

gases

c)

solids

d)

liquid

23.

Health and safety regulations in business regarding the Worker Rights is to have

a)

An unsafe working environment

b)

Proper health and safety information, instruction, and training

c)

Not be provided personal protective equipment

24.

Safety and health also make big reductions in indirect costs, due to:

a)

decreased productivity

b)

increased turnover

c)

better use of human resources

25.

The economic process or activity of producing goods and services.

a)

Production

b)

Creating

c)

Economics

d)

Operations

26.

The specific economic resources used in producing goods and services.

a)

Inputs

b)

Outputs

c)

Resources

d)

Materials

27.

Make sure products meet standards and make sure services are completed according to plan.

a)

Follow-up

b)

Staffing

c)

Double-Check

d)

Accountability

28.
Businesses evaluate the quality and source of the information they obtain to make sure the information is: 
a)
Random
b)
Scientific 
c)
Technical
d)
Useful
29.
The manager at Wal-Mart wants to sell 95% of the shoes already in stock within the next two weeks. He decided to have a Buy One/Get One Sale. What function of management was he performing?
a)
Planning
b)
Organizing
c)
Staffing
d)
Implementing
30.
After training his employees, the manager at Taco Bell led his employees to earn a higher sanitation grade to accomplish the goal. Directing and leading people to accomplish the goals of the business is what function of management?
a)
Planning
b)
Organizing
c)
Staffing
d)
Implementing
31.
The manager at the Holiday Inn Express hired two new employees and trained them to work the front desk to handle the extra business that resulted from the special promotion. What function of management is he performing?
a)
Planning
b)
Organizing
c)
Staffing
d)
Implementing
32.
Which level of management would be responsible for the overall direction of the business?
a)
Top
b)
Mid-Management
c)
Supervisor
d)
Management by others
33.
At the end of the month, the manager checked to see if the shoe department had reached its sales goals. This is what function of management?
a)
Organizing
b)
Staffing
c)
Implementing
d)
Controlling
34.
At K-Mart, each department has a specialist for that part of the business. (Technology, Clothing, Housewares, etc.) What level of management is responsible for a specific part of the business?
a)
Top
b)
Mid-Management
c)
Supervisor
d)
Management by others
35.
When new employees are hired, the management will use which style of management?
a)
Tactical
b)
Strategic
c)
Mixed
d)
None of the Above
36.
Trusted, experienced employees are included in decision making, when management uses this style:
a)
Strategic
b)
Tactical
c)
Mixed
d)
All the Above
37.
During an emergency, a leader should use this leadership style:
a)
Autocratic
b)
Democratic
c)
Open
d)
Laissez-Fare
38.
Leaders who monitor employees when they are working as a team, use what leadership style?
a)
Autocratic
b)
Democratic
c)
Open
d)
Laissez-Fare
39.
Some leaders use this style when directing the work of experienced and trained employees:
a)
Autocratic
b)
Democratic
c)
Laissez-fare
40.
John's role at the Chick Filet headquarters in Georgia is to manage employees who contribute to the objectives of the business. What is his role?
a)
Human Resources Management
b)
Supervisor
c)
Top Management
d)
Management by Others
41.
Ann solicited input from Pat, who is one of her employees, about components for a new marketing campaign. This is an example of which style of management?
a)
Mixed
b)
Strategic
c)
Tactical
d)
Varied
42.
George stated precisely the content required for the upcoming marketing campaign to his employees. This is an example of which style of leadership?
a)
Autocratic
b)
Democratic
c)
Laissez-Faire
d)
Objective
43.
Donna processes at least 30 applications a day that are faxed, mailed, or emailed. Which human resources manager activity does she perform?
a)
Managing compensation methods
b)
Managing performance of employees
c)
Planning and staffing
d)
Recruiting and hiring
44.
John decided that he would hire 20 part-time nurses instead of 10 full-time. Which human resources manager activity is this?
a)
Managing compensation methods
b)
Managing performance of employees
c)
Planning and staffing
d)
Recruiting and hiring
45.
Roxie works at a pajama factory. She gets paid a certain amount for every pair of pants that she completes. What compensation method is Roxie paid by?
a)
Time Wage
b)
Salary
c)
Commission
d)
Piece Rate
46.
Ronnie works at a car dealership. His pay is based on a percentage of his sales. What compensation method does the dealership use?
a)
Time Wage
b)
Salary
c)
Commission
d)
Piece Rate
47.
Bill will receive $2,000 pay twice a month from his employer.  Bill gets paid:
a)
A time wage
b)
a salary
c)
By commission
d)
A piece rate
48.
What is the difference between compensation and benefits?
a)
Compensation comes in money form, whereas benefits include things such as health insurance/vacation days
b)
Compensation consists of health insurance/vacation days, and benefits usually include money
c)
There is no difference...  They are one and the same
d)
None of the above

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