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Business Essentials 3.00-3.02 Review

Total questions: 31

Worksheet time: 16mins

Name
Class
Date
1.

1.     Which of the following is an important function of mid-level management?

a)

To prepare workers’ daily schedules

b)

To serve as a link between top-level and first-line management

c)

To make sure projects meet deadlines

2.

A manager studies the business’s previous sales statistics as well as the sales forecast before making purchasing decisions. What type of resource is the manager using?

a)

Human

b)

Financial

c)

Information

3.

A small-business manager who considers how a one-person reduction in office staff could impact the rest of his/her company is demonstrating

a)

Technical skills

b)

Conceptual skills

c)

Interpersonal skills

4.

Which of the following do many businesses believe to be their most important resource:

a)

Employees

b)

Equipment

c)

Sales Revenue

5.

A typed summary of personal, educational, and professional qualifications and experience, that is prepared by an applicant for an interview is a....

a)

Work History

b)

Resume

c)

Cover Letter

6.

Which of the following represents a primary business activity:

a)

Designing

b)

Marketing

c)

Scheduling

7.

A business that exists to fulfill a specific mission or undertaking is called a business.

a)

Nonprofit

b)

For-profit

c)

Focused

8.

An example of performing business activities in an "out of ordinary" way is when business

a)

Operates as the link between customers and products

b)

Begins long-term planning and organization

c)

Hires an outside firm to perform its marketing

9.

I am learning new (a) ____ in the area of organization, at my new job.

a)

Job skills

b)

Resumes

c)

References

10.

What must managers be able to do if they want employees to understand the business’s goals and be productive?

a)

Listen carefully

b)

Obtain feedback

c)

Communicate clearly

11.

Someone that serves as the point of contact for employees seeking to verify or ask questions about a potential employee's background or skills is a....

a)

Reference

b)

Letter of Recommendation

c)

Personal Information

12.

My address is part of my (a) _____.

a)

Work History

b)

Personal information

c)

Education

13.

Making sure that a business has enough of a product in stock without having too much on hand is the goal of

a)

Production

b)

Human resources management

c)

Inventory management

14.

A business can be described as a(n)

a)

Organized effort to produce goods and services

b)

Reasonable way to make a profit

c)

Disorganized effort to produce goods and services

15.

Which management function is described in the following situation: Christy Chen determines the type of workers she needs, locates qualified applicants, selects those to be hired, and assigns the new hires to a work area.

a)

Controlling

b)

Staffing

c)

Planning

16.

Abilities that help someone perform or excel at a certain jo are...

a)

Education

b)

Job skills

c)

Work History

17.

Who is normally responsible for purchasing the proper material resources for workers to use in doing their jobs?

a)

Middle managers

b)

Supervisory managers

c)

First-line workers

18.

Janelle's Creative Supplies is opening an additional location on the other side of town. To successfully operate the new location, Janelle primarily needs

a)

More advertising spots

b)

Extra free time

c)

Additional employees

19.

Financial analysis occurs when a business

a)

Communicates with potential customers

b)

Keeps accurate expense records

c)

Plans for long-term success

20.

When two or more companies come together as one is called a

a)

Virtual services

b)

Outsourcing

c)

Merger

21.

___ is when a company uses outside companies to perform tasks they aren’t capable of doing. This would be like Ms. Reynolds (our English teacher) teaching an AP course at Southern Nash on Zoom because Southern doesn’t have an AP English teacher.

a)

Merger

b)

Virtual services

c)

Outsourcing

22.

The Boys and Girls Club is an example of a ________ business.

a)

For profit

b)

Nonprofit

23.

A manager who helps an employee count the money in a cash drawer and prepare a bank deposit is demonstrating

a)

natural talent.

b)

technical skills.

c)

aggressive behavior.

24.

When the Pretty Pictures framing business underwent internal restructuring las year, how would its primary business activities have reacted?

a)

They changed radically

b)

They adjusted according to the internal changes

c)

They stayed the same

25.

A manager evaluates the production output of a department by checking it against the production goals for that time period. This is an example of the ______________ function of management.

a)

organizing

b)

controlling

c)

planning

26.

Within a local pizza ship, financial analysis is most likely used to

a)

Attract customers

b)

Develop the best recipe

c)

Obtain funding for supplies

27.

Which of the following activities demonstrates information management:

a)

Storing and retrieving information

b)

Hiring appropriate employees

c)

Researching customers' needs

28.


Why do top-level managers usually receive high salaries?

a)

They are required to attend a great many meetings.

b)

Their decisions affect the entire company.

c)

They have more experience than others in the company.

29.

Every business must accomplish which of the following:

a)

Produce or provide goods/services

b)

Trade or sell business assets/property

30.

____ hires, trains, and compensates new employees.

a)

Supervisor

b)

Human Resources Management (HR)

c)

Employees

31.

Extra Credit +5 pts:

What are the 5 major Business Activities?

a)

Finance / Accounting

Human Resources Management

Information Management

Marketing

Operations

b)

Production

Quality control

Purchasing

Inventory management