wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Test 2 Review

Total questions: 51

Worksheet time: 2hrs 42mins

Name
Class
Date
1.

What are the three ways to acquire a business?

(a)  

2.

What are the two major ways to finance a business?

(a)  

3.

What are the four common causes for business failure?

(a)  

4.

What are the four functions of management?

(a)  

5.

What are the four types of planning?

(a)  

6.

What are the three major types of managerial skills?

(a)  

7.

What are the three levels of management structure?

(a)  

8.

What is the term that describes the process of hiring, developing, motivating, and evaluating employees to achieve organizational goals?

(a)  

9.

What is the law called that makes it illegal to require any form or union membership or dues?

(a)  

10.

What is the law called that requires employers to provide unpaid leave for up to 12 weeks?

(a)  

11.

What is the term used to describe a person who opens and manages his or her own
business?

a)

Entreprenuers

b)

Small Business Administration

c)

Planning

d)

Leadership

12.

What is the term used to define companies that have been in business at least five
years and employs at least one, but less than 50 employees?

a)

Specialization

b)

Organizing

c)

Established Small Business

d)

Control

13.

What is the name of the organization that assists small businesses by providing advice
in management and financial matters?

a)

Centralized

b)

Small Business Administration

c)

Export Managment Companies

d)

Entrepreneurs

14.

What is the term used to describe companies that handle all aspects of exporting,
including finding customers, billing, shipping, and helping small businesses comply
with foreign regulations? These companies typically charge five to 15 percent fees for
their service.

a)

Internal Labor Market

b)

Organizing

c)

Division of Labor

d)

Export Management Companies

15.

What is the term used to describe the process of deciding what needs to be done to
achieve organizational objectives, identifying when and how it will be done, and
determining by whom it should be done?

a)

Control

b)

Planning

c)

Leadership

d)

Organizing

16.

What is the term used to describe the process when a firm arranges a firm's human
and material resources to carry out its plans?

a)

Organizing

b)

Planning

c)

Leadership

d)

Control

17.

What is the term used to describe the process of guiding and motivating others
toward the achievement of organizational goals?

a)

Planning

b)

Organizing

c)

Control

d)

Leadership

18.

What is the term used to describe the mechanism for making sure that the planning,
organizing, and leadership functions operate smoothly?

a)

Planning

b)

Leadership

c)

Control

d)

Organizing

19.

Which skills are usually utilized at the lower or higher levels of an organization?

a)

Technical Skills, Human Relation Skills and Conceptual Skills

b)

Control

c)

Specialization

d)

Division of Labor

20.

What is the process called that involves dividing work into separate jobs and assigning
tasks to workers?

a)

Division of Labor

b)

Specialization

c)

Tall Organization

d)

Internal Labor Market

21.

What is the term used to describe the degree to which tasks are subdivided into
smaller jobs?

a)

Specialization

b)

Planning

c)

Centralized

d)

Employement Testing

22.

What is the term used to describe an organization that has given a great deal of
decision-making authority to lower-level managers?

a)

Leadership

b)

Entreprenuers

c)

Decentralization

d)

Centralization

23.

What is the term used to describe an organization where top-level managers tend to
assume all authority and make all decisions?

a)

Internal Labor Market

b)

Division of Labor

c)

Centralized

d)

Decentralization

24.

What type of organizational structure has many managerial levels and a long chain of
command?

a)

Arbitration

b)

Tall Organization

c)

Performance Appraisal

d)

Collective Bargining

25.

What type of labor market is made up of employees currently working for the
organization?

a)

Centralized

b)

Internal Labor Market

c)

Tall Organization

d)

Division of Labor

26.

What are the first two human resources stages in the employment selection process
called?

a)
  1. 1. Screening

  2. 2. Employment Testing

b)

Specialization

c)

Technical Skills, Human Relation Skills, Conceptual Skills

d)

Control

27.

What is the term used to describe the comparison of actual employee performance
with expected employee performance?

a)

Labor Union

b)

Performance Appraisal

c)

Collective Barganing

d)

Microprenuers

28.

What is the term used to describe an organization that represents workers in their
disputes with management over wages, hours, and working conditions?

a)

Venture Captial

b)

Angel Investors

c)

Arbitration

d)

Labor Union

29.

What is the term used to describe the process of negotiating a labor agreement that
provides for compensation and working arrangements that are mutually acceptable to
the union and to management?

a)

Strategic Planning

b)

Mission Statement

c)

Collective Bargaining

d)

Management

30.

What is the term used to describe the process of settling a labor-management dispute
with a binding decision?

a)

Matrix Structure

b)

Lower Level

c)

Arbitration

d)

Empowerment

31.

What is a classic entrepreneur called who starts off small and plans to keep his or her
business small?

a)

Microprenuer

b)

Entreprenuer

c)

Leadership

d)

Angel Investor

32.

What is an intrapreneur?

a)

Labor Union

b)

Microprenuers

c)

Entreprenuers

d)

Entrepreneurs who apply their creativity, vision, and risk within a large corporation

33.

What is a business plan?

a)

Venture Captial

b)

Arbitration

c)

Attracts appropriate loan financing and is a determinant in whether a firm fails or succeeds.

d)

Intrapreneur

34.

What are the two forms of alternative equity financing?

a)

Lower Level

b)

Angel Investors

Venture Capitalists

c)

Microprenuers

d)

Labor Union

35.

What is the term used to describe financing obtained from investment firms that
specialize in financing small, high-growth companies and receive an ownership
interest and a voice in management in return for their money?

a)

Mission Statement

b)

Venture Captial

c)

Angel Investors

d)

Arbitraion

36.

What is the term used to describe the process of guiding the development,
maintenance, and allocation of resources needed to attain organizational goals?

a)

Empowerment

b)

Strategic Planning

c)

Management

d)

Lower Level

37.

What type of planning is the creation of long-range, comprehensive objectives and the
development of long-term courses of action?

a)

Matrix Structure

b)

Empowerment

c)

Strategic Planning

d)

Mission Statement

38.

What is a formal document called that states an organization’s purpose and reason for
existing and describes its basic philosophy?

a)

Mission Statement

b)

Management

c)

Pressure

d)

Decentralization

39.

What are the three distinctive styles of management leadership?

a)

Management

b)

Lower Level

c)

Autocratic, Participatic Procroatic, Free Regin

d)

Empowerment

40.

What is the term that means giving employees increased autonomy and discretion to
make decisions as well as control over the resources needed to make those decisions?

a)

Organizing

b)

Leadership

c)

Matrix Schedule

d)

Empowerment

41.

At what levels (such as lower, top-level, first-level) do managers most often use
technical skills, conceptual skills, and human relations skills?

a)

Middle Level

b)

Lower Level

c)

Supervisory

d)

Top Level

42.

What is the term that describes an organization structure that combines functional
and product departmentalization?

a)

Empowerment

b)

Matrix Structure

c)

Decentralization

d)

Arbitration

43.

List one major weakness of group/team decision making.

a)

Control

b)

Leadership

c)

Pressure other to conform

d)

Empowerment

44.

What is the practice of giving a great deal of authority and decision-making freedom
to lower-level managers called?

a)

Mission Statement

b)

Decentrlization

c)

Centrilazed

d)

Matrix Structure

45.

In what type of organizations are lower-level personnel not given a chance to develop
their decision-making and leadership skills?

a)

Centralization

b)

Decentralization

c)

Flat Structure

d)

Apprenticeship

46.

What is the term used to describe a company with a wide span of control and as short
chain of command?

a)

Flat Organizational Structure

b)

Tall Organizational Strucutre

47.

What is the term used to describe a company with a narrow span of control and long
chain of command?

a)

Flat Organizational Structure

b)

Tall Organizational Strucutre

48.

What are the four main activities for a human resource manager?

a)

Outsourcing

b)

Hiring, developing, motivating, evaluating

c)

Apprenticeship

d)

Flat Structure

49.

What is the term used to describe on-the-job training?

a)

Leadership

b)

Centralization

c)

Outsourcing

d)

Apprenticeship

50.

What is the name of the organization, created by the 1964 Civil Rights Act, that
investigates and resolves charges of discrimination?

a)

Equal Employment Opportunity Commission

b)

Matrix Structure

c)

Angel Investor

d)

Labor Union

51.

What is the term used to describe the assignment of various functions, like human
resource management, accounting, or legal work, to outside firms?

a)

Control

b)

Outsourcing

c)

Internal Labor Market

d)

Collective Bargining