Font size
WorksheetsBusiness Management Sample Technical Skills Assessment Questions
Total questions: 60
Worksheet time: 3600secs
Which of the following is NOT one of the types of business ownership?
sole proprietorship
partnership
entrepreneur
corporation
What type of business ownership is owned by one person?
sole proprietorship
partnership
entrepreneur
corporation
What type of business ownership is owned by two or more people?
sole proprietorship
partnership
entrepreneur
corporation
Which type of business ownership is where the business owner is 100% liable for paying any fines or debts the business might incur?
sole proprietorship and partnership
partnership
sole proprietorship
corporation
What type of business ownership is NOT in business to make money?
sole proprietorship
non-profit
partnership
corporation
What type of business ownership is in the business of helping people/groups of people?
sole proprietorship
non-profit
partnership
corporation
Which type of business ownership where the business owner is NOT personally liable for paying off debts or law suites?
sole proprietorship
non-profit
partnership
corporation
What business management structure is more focused on skill and less on management hierarchy?
top-down management
horizontal management
vertical management
military management
What is considered the "traditional" style that most businesses are organized?
top-down management
horizontal management
vertical management
military management
What business management structure has a "chain of command" where you report to the manager above you?
top-down management
horizontal management
vertical management
military management
What business management structure has information that travels down the line from the CEO to the low-level manager?
top-down management
horizontal management
vertical management
military management
What is a similarity of both vertical management and horizontal management?
both have a chain of command
both have a CEO/boss
both use skill as an indicator of where they are on their companies hierarchy
both are considered "traditional"
What type of leader is hands-off and does not make any important decisions?
laissez-faire
support
delegative
authoritarian
Which management style takes control of a situation and very rarely listens to the people they are managing?
pace setting manager
authoritative manager
participative manager
coach style manager
What type of manager is encouraging, helpful and works with their employees to reach their goal?
pace setting manager
authoritative manager
participative manager
coach style manager
What type of manager likes to do things his/herself and lead by example and has their employees follow along?
pace setting manager
authoritative manager
participative manager
coach style manager
What type of business does business around the world?
local
state-wide
domestic
international
Why does the United States government input market regulations to the market of the US?
to help keep the producer safe
to help keep the consumer safe
to stifle competition
to make the producer pay more for violating regulations
What does "GDP" stand for in terms of economics?
Growing Domestic Problems
Gross Domestic Product
Gross Direct Products
Gaining Direct Power
What is considered the "healthy" unemployment rate in America?
0-4%
3-7%
4-6%
5-10%
If the Gross Domestic Product (GDP) of America is trending downward, what can we predict will happen to the unemployment rate?
the unemployment rate will rise
the unemployment rate will fall
the unemployment rate will stay the same
the unemployment rate will rise and then fall
What does "CPI" stand for in terms of the United States economy?
Customer Price Index
Consumer Place Indirect
Consumer Price Index
Customer Practice Index
If the United States has a high inflation rate, what can we predict about the prices of a can of Coca Cola?
the price will be higher
the price will be lower
the inflation rate will not affect the prices of Coca Cola
prices for Coca Cola will take a steady drop then rise
Which economic term has the definition "is a joint state-federal program that provides benefits to eligible workers who lose their job through no fault of their own"?
employment insurance
inflation insurance
unemployment insurance
gross domestic product insurance
What is it called when you are paying for things that you do NOT own?
debt
money
debit
credit/loan
What term has the definition: "A number between 300-850 that depicts a consumer's creditworthiness. The higher the score, the better a borrower looks to potential lenders"?
loan
debit card
credit score
credit card
What is the normal credit limit for a credit card if you are just starting to build credit?
$100
$250
$500
$1000
Which of the following is NOT an online payment service?
Cash App
Zelle
Snapple Pay
Venmo
What is NOT included in the income statement?
assets
revenues
expenses
operating income
What type of financial document is also known as a "profit and loss statement"?
income statement
balance sheet
cash flow statement
profit statement
What is the net profit if a company had a gross income of $50,000 but their operating expenses cost $33,000?
$83,000
$17,000
$50,000
$33,000
Which financial document deals with the profit and loss of a company?
profit statement
balance sheet
cash flow statement
income statement
Which financial document states assets and liabilities?
profit statement
balance sheet
cash flow statement
income statement
In which financial document would you record buying a new building in downtown Tucson?
profit statement
balance sheet
cash flow statement
income statement
In which financial document would you record a loan of $100,000?
profit statement
balance sheet
cash flow statement
income statement
In which financial document would you record the money earned from selling 200 hotdogs?
profit statement
balance sheet
cash flow statement
income statement
In which financial document would you record the cost of acquiring 200 hot dogs?
profit statement
balance sheet
cash flow statement
income statement
What is the financial statement that provides aggregate data regarding all cash inflows a company receives?
profit statement
balance sheet
cash flow statement
income statement
Which of the following is NOT involved in the cash flow statement?
assets
operations
investment
financing
Which financial statement does the acronym "CFS" stand for?
profit statement
balance sheet
cash flow statement
income statement
Which of the following social media platforms will a company NOT check?
Snapchat
Indeed
Which of the following in NOT a part of the hiring process?
seeing
interviewing
evaluating
scouting
In which stage of the hiring process would you go into the company for an interview?
stage 1 (select a small number of qualified candidates from all applications)
stage 2 (prescreening interview)
stage 3 (in-depth interview)
stage 4 (supervisor evaluates candidates)
In which stage of the hiring process would a company call you and ask questions about your qualifications?
stage 1 (Select a small number of qualified candidates from all applications)
stage 2 (prescreening interview)
stage 3 (in-depth interview)
stage 4 (supervisor evaluates candidates)
In which stage of the hiring process would a company look up your social media?
stage 3 (in-depth interview)
stage 4 (supervisor evaluates candidates)
stage 5 (researching candidate)
stage 6 (supervisor selects the candidate most suitable for the job)
Which of the following will a hiring manager NOT research about you?
previous employment
education
credit history
high school class list
In which stage of the hiring process would you submit a resumé?
stage 1 (select a small number of qualified candidates from all applications)
stage 2 (prescreening interview)
stage 3 (in-depth interview)
stage 4 (supervisor evaluates candidates)
In which stage of the hiring process would a hiring manager call your references?
stage 3 (in-depth interview)
stage 4 (supervisor evaluates candidates)
stage 5 (researching candidate)
stage 6 (supervisor selects the candidate most suitable for the job)
In which stage of the hiring process would a applicant accept or decline the position?
stage 3 (in-depth interview)
stage 4 (supervisor evaluates candidates)
stage 5 (researching candidate)
stage 6 (supervisor selects the candidate most suitable for the job)
Which of the following is an ILLIGEAL question to ask in an interview?
"What religion are you?"
"What high school did you attend?"
"What is the name of your last supervisor?"
"Why did you leave your last job?"
Which of the following is NOT an illegal question to ask in an interview?
"What religion are you?"
"What high school did you attend?"
"What is your marital status?"
"Are you a U.S. citizen?"
In which stage of the hiring process would you be trained for the job?
stage 2 (prescreening interview)
stage 4 (supervisor evaluates candidates)
stage 6 (supervisor selects the candidate most suitable for the job)
not a part of the hiring process
What does "OTJT" mean in the hiring process?
on the job trip
on the job training
on the jury training
over the job training
What department is normally responsible for a company's onboarding and getting new employees adjusted to the workplace?
marketing
human resources
finance
teamwork
What does SMART stand for?
Specific, Measurable, Achievable, Realistic, Timely
Specific, Measurable, Attention, Rational, Timely
Scientific, Marketable, Attainable, Realistic, Timebound
Scouting, Measurable, Achievable, Reliable, Timely
Having a one-year time limit to finish your project for work is an example of which component of the SMART goals?
specific
measurable
achievable
time-bound
Setting a goal to raise $100,000 in donations for the fundraiser is an example of which component of the SMART goals?
specific
measurable
realistic
time-bound
Working a part time job after school and saving 50% of my paycheck is an example of which component of the SMART goals?
specific
measurable
realistic
time-bound
Setting a goal to raise $100,000 in donations for the fundraiser in the next 4 months, is an example of which TWO components of the SMART goals?
realistic and time-bound
measurable and achievable
measurable and time-bound
achievable and realistic
Which of the following is NOT important in scheduling?
goals and tasks
start and end dates
milestones
money
