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WorksheetsFinal Exam Review Test BUE
Total questions: 80
Worksheet time: 43mins
According to research, what is closely related to worker performance?
Salary
Work hours
Motivation
Job location
In a business context, what does 'motivation' refer to?
An employee’s salary
The stimulus that directs workers' behavior
The company’s profits
The company's annual targets
What must managers understand to motivate employees?
Their employees' backgrounds
Their employees' financial needs
Their employees' personal needs
Their employees' needs
What are the fundamental needs of workers, according to many managers?
Flexible work hours and remote work
Recognition, growth, and promotion
Good salary, safe working conditions, and job security
Opportunities for travel
What can result from the absence of good salary, safe working conditions, and job security?
Increased productivity
Poor morale and dissatisfaction
Higher job satisfaction
Improved teamwork
The presence of good salary, safe working conditions, and job security results in:
Higher job turnover
Decreased motivation
Maintenance of existing attitudes and work performance
Greater innovation
For many workers in industrialized societies, what is NOT the primary motivator?
Salary
Job security
Personal growth
Working conditions
When is increased motivation more likely to occur?
When employees are paid more
When work meets individuals' needs for learning and growth
When there are fewer working hours
When there are strict deadlines
Personal needs of workers include:
Responsibility, recognition, growth, promotion, and interesting work
Safety, salary, and shorter work hours
Work-life balance and remote work
Health benefits
What have managers done to motivate employees to perform more effectively?
Introduced higher salaries
Altered workplace conditions
Shortened working hours
Reduced employee responsibilities
Innovative management approaches to satisfy workers' needs include:
Remote work options
Job enrichment and job enlargement
Increasing salaries
Providing more vacation days
Job enrichment gives workers:
A chance to rotate between departments
More authority in decision-making
Higher salaries
Shorter work shifts
Job enlargement allows workers to:
Perform more tasks by rotating positions
Take extended breaks
Increase their salaries
Work shorter hours
Which of the following is NOT a responsibility workers might assume with job enrichment?
Scheduling workflow
Making decisions about job promotions
Checking quality of work
Ensuring deadlines are met
In job enlargement, workers may:
Be given responsibility for doing several jobs
Take on fewer responsibilities
Work in isolation
Only perform one task
What change might be made in an automobile factory under job enlargement?
Workers assemble the entire fuel system
Workers handle only one component
Workers are removed from the assembly line
Workers work remotely
What is the goal of improving the quality of work life?
To increase salaries
To meet both fundamental and personal employee needs
To reduce working hours
To increase company profits
How do managers try to direct the behavior of workers?
Through strict supervision
By providing higher salaries only
By satisfying both fundamental and personal needs
By enforcing strict deadlines
Managers believe that which factor alone is insufficient to motivate employees?
Job security
Recognition
Responsibility
Increased authority
Which of the following is a key component of good management?
Reducing employee workloads
Keeping employees motivated
Offering remote work options
Cutting operational costs
What is necessary for managers to motivate workers to achieve company goals?
Awareness of worker needs
Reducing work hours
Increasing salary alone
Job rotation
Increased motivation is more likely to occur when work meets the needs of:
Managers only
Individuals for learning and self-realization
Shareholders
The general public
Which management approach allows employees to make decisions about their own work processes?
Job enlargement
Job rotation
Job enrichment
Shift work
Which of the following is NOT a fundamental need for material survival?
Good salary
Job security
Promotion opportunities
Safe working conditions
Job enlargement can involve:
Allowing workers to rotate positions
Providing only one task per worker
Reducing the number of tasks
Shortening working hours
In job enrichment, a worker may be responsible for:
Multiple jobs at once
Basic and simple tasks only
Scheduling and quality control of work
Payroll management
Improved quality of work life helps managers:
Reduce overall staff
Direct the behavior of workers toward company goals
Increase the physical workload
Focus on profitability exclusively
Why might job security, salary, and safe conditions not be primary motivators?
They only maintain existing attitudes
They lead to dissatisfaction
They reduce morale
They do not meet any worker needs
What is the primary role of management in a business?
To hire employees
To ensure company objectives are met
To handle finances
To develop new products
Management is composed of a team of managers who:
Report directly to customers
Take charge of different levels of the organization
Only work in specific departments
Focus solely on planning
How many basic functions do most managers perform?
Three
Five
Four
Six
Which of the following is NOT one of the four basic functions of management?
Planning
Organizing
Directing
Marketing
What is the first management function?
Directing
Organizing
Planning
Controlling
What does the planning function involve?
Supervising employees
Determining objectives and deciding on goals
Allocating budgets
Marketing products
Managers evaluate alternative plans during which function?
Controlling
Directing
Organizing
Planning
Planning is listed as the first management function because:
It requires the most time
Other functions depend on it
It involves allocating resources
It is the easiest function to complete
Which function involves putting the plan into action?
Organizing
Directing
Planning
Controlling
Organizing includes:
Allocating resources
Making decisions about salaries
Communicating with clients
Evaluating employee performance
The process of choosing the right person for the right job is part of:
Directing
Controlling
Staffing
Planning
Which management function involves day-to-day supervision of employees?
right job is part of:
Directing
Controlling
Staffing
Planning
Which management function involves day-to-day supervision of employees?
Controlling
Directing
Organizing
Planning
Directing requires managers to:
Reduce employee workloads
Guide, teach, and motivate workers
Set financial goals
Reorganize the company structure
What is essential for effective direction or supervision?
Budget management
Strategic planning
Ongoing communication with employees
Organizing resources
Which function involves evaluating how well company objectives are being met?
Planning
Directing
Controlling
Organizing
Managers compare actual performance to objectives during which function?
Planning
Organizing
Directing
Controlling
If major problems exist in the company’s performance, managers might need to:
Increase employee benefits
Replan, reorganize, and redirect
Cut back on staff
Change job roles
The controlling function involves looking at tasks assigned during:
Organizing
Directing
Planning
Staffing
Managers need which skills to perform the four management functions effectively?
Interpersonal, organizational, and technical skills
Financial and budgeting skills
Marketing and sales skills
Administrative and clerical skills
What does effective direction by managers require?
Strict policies
Random checks on employees
Ongoing communication
Higher salaries for employees
Which function involves allocating resources to achieve objectives?
Planning
Organizing
Directing
Controlling
When might the importance of each management function vary?
Based on the job title
Depending on the situation
According to employee demands
In response to customer feedback
Effective managers meet company objectives through:
Increasing sales only
Analyzing customer trends
Planning, organizing, directing, and controlling
Managing finances exclusively
What happens if tasks assigned in the directing phase are not completed successfully?
Managers should focus on planning only
Changes may be needed in the company’s structure
Managers should reduce employee roles
Employee salaries should be cut
Which function is focused on allocating human resources?
Planning
Organizing
Directing
Controlling
The purpose of controlling is to:
Adjust employee pay rates
Evaluate if company objectives are met
Plan the company's financial resources
Assign work shifts
Managers evaluate alternative goals and plans during which phase?
Directing
Controlling
Planning
Organizing
The final function of management, controlling, involves:
Allocating additional resources
Checking the completion of set objectives
Increasing employee benefits
Planning future tasks
Interpersonal skills are important for managers because they:
Help in budgeting and planning
Aid in directing and motivating employees
Allow managers to work independently
Simplify technical work
Managers who perform the four functions of planning, organizing, directing, and controlling are most likely to:
Increase employee turnover
Achieve company objectives
Face major challenges
Ignore company goals
Why does a corporation need capital?
To buy stocks
To start up, operate, and expand its business
To hire new employees
To improve technology
What is the process of acquiring capital known as?
Investing
Financing
Marketing
Stocking
What are the two basic types of financing a corporation uses?
Stock financing and asset financing
Bond financing and property financing
Equity financing and debt financing
Credit financing and lease financing
Equity financing refers to funds that are:
Borrowed from banks
Raised through selling assets
Invested by owners of the corporation
Provided by government grants
Debt financing refers to funds that are:
Invested by shareholders
Borrowed from sources outside the corporation
Provided by government agencies
Raised through selling assets
Which of the following is an example of equity financing?
Selling corporate bonds
Issuing shares of stock
Taking a bank loan
Leasing property
What does each share of stock represent?
A portion of the corporation’s debt
A certain amount of ownership in the corporation
A loan from the corporation
A donation to the corporation
A person who purchases shares of stock is known as a:
Stakeholder
Stockholder or shareholder
Bondholder
Partner
How do all corporations, regardless of size, receive their starting capital?
By issuing and selling bonds
By issuing and selling shares of stock
By taking loans
By leasing assets
What risk do initial stock buyers face?
The corporation may sell more shares
The corporation may not have a proven record of performance
The corporation may have high debt
The corporation may close additional investments
If a corporation is successful, stockholders may profit through:
Higher dividends and increased stock valuation
Lower interest rates
Increased bond sales
Reduced stock prices
What are dividends?
Profits reinvested into the corporation
Proportional amounts of profit paid to stockholders
Shares issued to new investors
Penalties for late payments
When are dividends usually paid to stockholders?
Monthly
Annually
Quarterly
Daily
If the corporation is not successful, what may happen to the stockholder?
They may receive higher dividends
They may take a severe loss on the stock investment
They may gain additional shares
They may be reimbursed by the government
What is an example of debt financing?
Selling shares of stock
Issuing corporate bonds
Leasing office space
Investing in other companies
In debt financing, what does the corporation receive in exchange for a bond?
A loan from a bank
A payment from an investor
A grant from the government
An increase in stock prices
What is a maturity date in relation to a bond?
The date the corporation can start selling stock
The deadline when the corporation must repay the borrowed money
The date the corporation becomes profitable
The time when the bondholder sells the bond
What must the corporation do during the time that money is borrowed through a bond?
Pay dividends to stockholders
Increase stock prices
Make periodic interest payments to the bondholder
Issue more shares
What could happen if a corporation does not meet its bond obligations?
It can increase stock prices
It can issue more shares
It may be forced to sell its assets to pay bondholders
It may be exempt from paying bondholders
What are the two main methods by which a corporation can obtain capital?
Government grants and bank loans
Equity financing and debt financing
Stock options and employee contributions
Leasing assets and issuing dividends
