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WorksheetsTest 2 Review
Total questions: 51
Worksheet time: 2hrs 42mins
What are the three ways to acquire a business?
(a)
What are the two major ways to finance a business?
(a)
What are the four common causes for business failure?
(a)
What are the four functions of management?
(a)
What are the four types of planning?
(a)
What are the three major types of managerial skills?
(a)
What are the three levels of management structure?
(a)
What is the term that describes the process of hiring, developing, motivating, and evaluating employees to achieve organizational goals?
(a)
What is the law called that makes it illegal to require any form or union membership or dues?
(a)
What is the law called that requires employers to provide unpaid leave for up to 12 weeks?
(a)
What is the term used to describe a person who opens and manages his or her own
business?
Entreprenuers
Small Business Administration
Planning
Leadership
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?
Specialization
Organizing
Established Small Business
Control
What is the name of the organization that assists small businesses by providing advice
in management and financial matters?
Centralized
Small Business Administration
Export Managment Companies
Entrepreneurs
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.
Internal Labor Market
Organizing
Division of Labor
Export Management Companies
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?
Control
Planning
Leadership
Organizing
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?
Organizing
Planning
Leadership
Control
What is the term used to describe the process of guiding and motivating others
toward the achievement of organizational goals?
Planning
Organizing
Control
Leadership
What is the term used to describe the mechanism for making sure that the planning,
organizing, and leadership functions operate smoothly?
Planning
Leadership
Control
Organizing
Which skills are usually utilized at the lower or higher levels of an organization?
Technical Skills, Human Relation Skills and Conceptual Skills
Control
Specialization
Division of Labor
What is the process called that involves dividing work into separate jobs and assigning
tasks to workers?
Division of Labor
Specialization
Tall Organization
Internal Labor Market
What is the term used to describe the degree to which tasks are subdivided into
smaller jobs?
Specialization
Planning
Centralized
Employement Testing
What is the term used to describe an organization that has given a great deal of
decision-making authority to lower-level managers?
Leadership
Entreprenuers
Decentralization
Centralization
What is the term used to describe an organization where top-level managers tend to
assume all authority and make all decisions?
Internal Labor Market
Division of Labor
Centralized
Decentralization
What type of organizational structure has many managerial levels and a long chain of
command?
Arbitration
Tall Organization
Performance Appraisal
Collective Bargining
What type of labor market is made up of employees currently working for the
organization?
Centralized
Internal Labor Market
Tall Organization
Division of Labor
What are the first two human resources stages in the employment selection process
called?
1. Screening
2. Employment Testing
Specialization
Technical Skills, Human Relation Skills, Conceptual Skills
Control
What is the term used to describe the comparison of actual employee performance
with expected employee performance?
Labor Union
Performance Appraisal
Collective Barganing
Microprenuers
What is the term used to describe an organization that represents workers in their
disputes with management over wages, hours, and working conditions?
Venture Captial
Angel Investors
Arbitration
Labor Union
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?
Strategic Planning
Mission Statement
Collective Bargaining
Management
What is the term used to describe the process of settling a labor-management dispute
with a binding decision?
Matrix Structure
Lower Level
Arbitration
Empowerment
What is a classic entrepreneur called who starts off small and plans to keep his or her
business small?
Microprenuer
Entreprenuer
Leadership
Angel Investor
What is an intrapreneur?
Labor Union
Microprenuers
Entreprenuers
Entrepreneurs who apply their creativity, vision, and risk within a large corporation
What is a business plan?
Venture Captial
Arbitration
Attracts appropriate loan financing and is a determinant in whether a firm fails or succeeds.
Intrapreneur
What are the two forms of alternative equity financing?
Lower Level
Angel Investors
Venture Capitalists
Microprenuers
Labor Union
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?
Mission Statement
Venture Captial
Angel Investors
Arbitraion
What is the term used to describe the process of guiding the development,
maintenance, and allocation of resources needed to attain organizational goals?
Empowerment
Strategic Planning
Management
Lower Level
What type of planning is the creation of long-range, comprehensive objectives and the
development of long-term courses of action?
Matrix Structure
Empowerment
Strategic Planning
Mission Statement
What is a formal document called that states an organization’s purpose and reason for
existing and describes its basic philosophy?
Mission Statement
Management
Pressure
Decentralization
What are the three distinctive styles of management leadership?
Management
Lower Level
Autocratic, Participatic Procroatic, Free Regin
Empowerment
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?
Organizing
Leadership
Matrix Schedule
Empowerment
At what levels (such as lower, top-level, first-level) do managers most often use
technical skills, conceptual skills, and human relations skills?
Middle Level
Lower Level
Supervisory
Top Level
What is the term that describes an organization structure that combines functional
and product departmentalization?
Empowerment
Matrix Structure
Decentralization
Arbitration
List one major weakness of group/team decision making.
Control
Leadership
Pressure other to conform
Empowerment
What is the practice of giving a great deal of authority and decision-making freedom
to lower-level managers called?
Mission Statement
Decentrlization
Centrilazed
Matrix Structure
In what type of organizations are lower-level personnel not given a chance to develop
their decision-making and leadership skills?
Centralization
Decentralization
Flat Structure
Apprenticeship
What is the term used to describe a company with a wide span of control and as short
chain of command?
Flat Organizational Structure
Tall Organizational Strucutre
What is the term used to describe a company with a narrow span of control and long
chain of command?
Flat Organizational Structure
Tall Organizational Strucutre
What are the four main activities for a human resource manager?
Outsourcing
Hiring, developing, motivating, evaluating
Apprenticeship
Flat Structure
What is the term used to describe on-the-job training?
Leadership
Centralization
Outsourcing
Apprenticeship
What is the name of the organization, created by the 1964 Civil Rights Act, that
investigates and resolves charges of discrimination?
Equal Employment Opportunity Commission
Matrix Structure
Angel Investor
Labor Union
What is the term used to describe the assignment of various functions, like human
resource management, accounting, or legal work, to outside firms?
Control
Outsourcing
Internal Labor Market
Collective Bargining
