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Worksheets2024 Business Management + Administration Cluster Exam 1285
Total questions: 100
Worksheet time: 50mins
To sell sweatshirts, jackets, and T-shirts imprinted with ABC University's logo, the Collegiate Sportswear Company pays royalties to the university. What type of business ownership does this situation exemplify?
Business-format franchise
Licensing agreement
General partnership
Multilevel marketing
Which of the following statements is true about the directing function of management:
It uses standardized communication.
It is results driven rather than performance driven.
It is a continuous process.
It primarily occurs at the lowest level of the organization.
Legal ownership of purchases does not pass to the purchaser until all payments have been made if the purchaser uses _________ credit.
Belinda is reviewing departmental reports to determine why the business's outputs have been decreasing steadily over the last six weeks. Belinda is analyzing issues related to
human resources.
finance.
production.
distribution.
Which of the following is an example of a trade secret:
Legal document
Credit report
Trade journal
Customer list
While opening a large box of office supplies, Kendall accidentally cut her finger with the box cutters she was using. Another employee, Jorge, was helping Kendall at the time and witnessed the accident. What is the first thing that Jorge should do?
Fill out an accident report
Put the office supplies away
Call Kendall's doctor
Administer first aid
Before filing a civil lawsuit in court, Kwame's attorney sent a letter to Tosh's attorney. In the letter, Kwame's attorney explained why they believe they would win a lawsuit against Tosh. Kwame's attorney sent a(n) ________ letter to Tosh's lawyer.
1
2
Seeing a movie at a theater would be considered a(n) __________ want.
1
2
A business captures its employees' knowledge of certain tasks, processes, and events by developing a chart that outlines the relationships among bits of information. This is an example of a business using a(n) __________ technique to capture and transfer knowledge.
transcription
statistical
authority-based
diagram
Which of the following positions oversees the recruitment, training, performance, and safety of employees:
Office manager
Operations manager
Human resources manager
Project manager
Supply chain network design improves service and reduces cost by aligning purchasing, production, warehousing, inventory, and
promotion
marketing
transportation
the sales force.
Holly, Jamar, and Ricki are working on a project together, even though they are geographically far away from each other. They use the internet to work on documents together, share files, and communicate quickly and easily. What type of software are Holly, Jamar, and Ricki using?
Groupware
Spyware
Freeware
Shareware
Which of the following is a component of verbal communication between individuals?
Facial expression
Body posture
Eye contact
Listening
If a business sells its customer list to other organizations without obtaining its customers' consent, the business is likely to
take legal action against the other organizations.
lose its customers' trust.
damage others' reputations.
offer deep discounts to gain back its customers' loyalty.
Lamont Enterprises is using a trademark that looks very similar to the Seward Company's trademark. To prevent Lamont from continuing to use the trademark, Seward can take legal action by
obtaining an arrest warrant.
charging Lamont with obstruction of justice.
filing an infringement lawsuit against Lamont.
requiring Lamont to pay a licensing fee.
Lisa and Aaliyah are finishing a school project together. When Lisa asks Aaliyah what she thinks about her half of the project, Aaliyah tells her, "That looks good, but let me show you what else you could have done." Aaliyah's comments are an example of
negative feedback.
constructive criticism.
internal feedback.
self-control.
To maintain positive, ongoing relationships with vendors, a business should
adopt an indifferent outlook.
develop complex contracts.
focus on its own interests.
embrace a team-oriented mindset.
Online shipment tracking is one example of __________ affecting supply chain management.
1
2
Ethical quality management aims to benefit
the business and those outside it.
individuals in positions of power.
only those outside the business.
the business and its employees only.
Which of the following are usually responsible for analyzing a business’s income statement?
Cashiers
Bookkeepers
Customers
Managers
A culture of recognition can deepen relationships because giving someone recognition means
paying them the ultimate compliment.
playing favorites with them.
valuing their success over your own.
ignoring all of their flaws and mistakes.
Which of the following is a reason that organizations undertake knowledge management:
They don't value an organizational culture of learning.
They know that new knowledge is only created outside the organization.
They want to ensure that organizational knowledge isn't wasted.
They must follow the laws and regulations of their industries.
Many countries have laws and regulations in place regarding workplace safety. In the United States, for example, businesses are required to keep their walkways and passageways free from obstruction and debris. This example best demonstrates how _________ affect(s) business _________.
Legal considerations; operations
1
2
Which of the following tasks is a project manager typically responsible for:
Determining and communicating the project objectives to clients
Telling project team members how to complete their activities
Providing direction and coordination to the project team work
Completing and documenting all of the necessary project work
What function of management establishes a company’s levels of authority?
Organizing
Evaluating
Controlling
Staffing
How can management reduce the business's level of risk associated with ethics?
Advise employees that following business ethics depends on the situation
Assume employees know what constitutes ethical behavior
Allow employees to follow their own set of ethics
Train employees about expectations in relation to workplace ethics
Building and maintaining political relationships within an organization is often beneficial because it often
creates a conflict-free working environment.
helps employees and the company accomplish objectives.
prevents the competition from losing market share.
reduces the need to seek information from outside sources.
Managers need to be familiar with the latest technology, government regulations, innovations and trends within the industry, and competitors' activities. What category of resource is this?
Financial
Information
Material
Human
A developing country sets its currency to be the same value as the U.S. dollar. This is called a(n)
direct exchange rate quotation.
free-floating currency.
pegged currency.
indirect exchange rate quotation.
What should you do if a customer is being difficult or demanding?
Ignore them, and focus on another customer.
Continue to treat them with courtesy and respect.
Promise to give the customer a significant discount.
Tell the customer that their attitude is inappropriate.
The PVX automotive manufacturer keeps office supplies such as copy paper, pens, and notepads on hand at all times. These office supplies are part of the manufacturer's inventory of
finished products.
raw materials.
work-in-process.
MRO goods.
When you are able to respect and appreciate other people's unique viewpoints, you can
work more efficiently at your job.
take on more responsibility at work.
have constructive dialogue with others.
expect people to take advantage of you.
Ethical stakeholder management includes
reaching key deliverables.
communicating honestly and openly.
using money wisely.
defining quality standards.
Which of the following demonstrates business innovation:
Luis reviews marketing campaign results.
Tessa introduces more sustainable packaging.
Myesha attends a creative design conference.
Xavi listens to a startup business podcast.
Kara is preparing the work breakdown structure (WBS) for a new project. She has prepared five work packages. She has estimated the time to complete each package as follows: Package A—26 hours; Package B—50 hours; Package C—38 hours; Package D—6 hours; and Package E—15 hours. If Kara's estimates are accurate, has she followed the 8/80 rule?
Yes, the average time to complete each package is 27 hours, which meets the 8/80 criteria.
Yes, Kara has scheduled the packages so that each one does not exceed 80 hours.
No, package D does not meet the minimum requirement of taking eight hours to complete.
No, Kara has scheduled more than 80 hours of work for the entire project.
Which of the following helps individuals understand how their actions, needs, interests, values, and motives affect their personal behavior:
Self-understanding
Self-fulfillment
Self-preservation
Self-esteem
A request made by an employee to a supervisor is an example of what type of communication?
Horizontal
Grapevine
Downward
Upward
Which of the following is the primary purpose of word processing software programs:
To store business records
To arrange numerical data
To maintain tables of data
To create text documents
The person who files a lawsuit is the
judge.
lawyer.
plaintiff.
defendant.
Knowledge management is important for business success, but it is often limited by __________ team members.
1
2
Vanessa is putting procedures into practice so her business records will not be lost in an office fire. She is practicing which tip of good recordkeeping?
Use a system
Pick a style
Prevent errors
Avoid hazards
To continuously improve their quality processes, businesses need to
promote change.
implement flexible policies.
establish benchmarks.
solicit customers.
A company develops a new production process so employees can create products while seated. This requires the company to schedule overtime hours but complies with a law that prevents employees from standing for more than eight hours. The company has changed its manufacturing process in response to
costly overtime.
regulations.
employee disabilities.
legal battles.
Which of the following measures of central tendency is the most influenced by outliers at the extremes of a data set:
Mode
Mean
Median
Range
Lakshna is buying a new car. There is a vehicle she likes at Dealership A, but before she makes her purchase, Lakshna visits three other dealerships to look at similar vehicles to make sure she is getting the best deal. This is an example of
currency speculation.
merchandising.
comparison shopping.
impulse spending.
Mr. Williams's small pharmacy has been in operation for 10 years. Recently, a few senior citizens have asked to be billed once a month for medicines and other medical supplies. Mr. Williams would like to accommodate the seniors but is not sure of the effect these changes would have on his business. Which business activity would help Mr. Williams make a sound decision?
Strategic management
Marketing
Financial analysis
Production
Which of the following is an example of a standing order?
A department store's assistant buyer places an order with a clothing manufacturer for winter coats without providing specific styles, sizes, or colors.
An electronics retailer places an order on July 15 for a popular smartphone upgrade that will be available on December 1.
The Dunder Mifflin Paper Company ships 12 cases of copy paper to the KMV Company on the third Wednesday of every month.
Mr. and Ms. McPherson place an order with a local carpenter for a handcrafted table in a non-standard size.
Having a “rainy day” fund equivalent to six months of living expenses is an important financial goal because
you can dip into your emergency fund to pay for things like vacations and clothing.
emergency funds guarantee that you will be okay even if you never work again.
it will protect you during a catastrophe, such as a health emergency or unemployment.
you won't need to save for college or retirement if you have an emergency fund.
Individuals and businesses who are sued have a legal right to present evidence on their behalf before a court can impose a penalty. In other words, these individuals and businesses have a right to
procedural due process.
substantive due process.
the Takings Clause.
sovereign immunity.
How does supply chain management increase customer satisfaction?
Reduces the time it takes for goods to reach consumers
Integrates information throughout an organization
Improves cash flow
Enhances data quality
During which phase of a project do project team members perform archiving procedures?
Controlling
Execution
Definition
Closing
What is the primary purpose of managerial planning?
To evaluate forecasts
To prepare for the future
To implement activities
To change processes
Corey wants a quality product that performs as it is supposed to. In other words, Corey is looking for an item that is
durable.
responsive.
reliable.
serviceable.
When an accident occurs at a place of business, employees should first try to
find out how serious it is.
take the victim's pulse.
move the injured person.
call an ambulance.
Silas is unsure how to dress appropriately for his payroll manager job interview. Which of the following is a guideline that might help him select the proper attire:
Clothing types should follow current trends.
Patterns and textures of clothing should be contrasting.
Business clothing usually should be conservative.
Articles of clothing should have several points of focus.
One of the benefits of orderly and systematic behavior is that it should help you to achieve
your own goals.
immediate success.
financial security.
personal popularity.
Which of the following types of businesses is most likely to have high liability insurance costs:
A clothing boutique
A skydiving operation
A landscaping service
An ice cream parlor
A high level of self-esteem can help individuals to
keep from getting angry.
cope with criticism.
prevent problems.
avoid disappointments.
It is good to feel empathy, but empathy is more beneficial to others if you know how to __________ it.
An important function of human resources management in business is
social media.
employee recruitment.
domain development.
capital investment.
Who typically pays payroll taxes?
Employers only
Employers and employees
Employees only
Government entities
If the supply of a product decreases while demand remains the same, the price the consumer is charged for the product will probably
decrease
stabilize
remain the same
increase
Maverick is the new manager of the accounting department. He plans to meet with each employee individually and ask them for feedback about his performance so that he can improve his weaknesses. Which of the following approaches is most likely to result in honest feedback from his staff:
Maverick could admit a weakness that he is working on and ask if there are any other things he needs to improve.
Maverick could anticipate concerns his employees are likely to have about his management style and prepare possible explanations.
Maverick could simply ask employees if they believe he is effectively leading the accounting department.
Maverick could ask his employees to compare his leadership with the leadership of the former department manager.
If you fail to assess the long-term value and impact of your actions on others, you are most likely to
damage other people's relationships.
limit others' personal growth.
become a better observer of the world around you.
have a negative impact on society.
Because the ILM Manufacturing Company orders large amounts of bolts and washers, the company's buyer asks its parts vendor for an additional 5% off the invoice total. This is an example of a business negotiating
delivery terms.
a cash rebate.
a quantity discount.
service terms.
A car manufacturer in Country A purchases parts from a factory in Country B. When Country B suffers a massive earthquake, the car manufacturer is forced to put production on hold until it can find another factory to supply the parts. What type of risk does this situation illustrate?
Employee
Environmental
Political
Health and safety
Which of the following is the primary activity performed during the execution phase of a project?
Financing
Producing
Arbitrating
Forecasting
Which of the following data change activities is considered a best practice?
Leaving an old system intact until its replacement is completely up and running
Only keeping one copy of all data and systems to reduce redundancy
Planning for data change processes to occur during normal business hours
Keeping data change processes hidden from employees until they are completed
One possible downside to choosing overseas suppliers is
increased delivery times.
a simpler supply chain.
increased costs.
increased taxes.
Andy presents his idea for restructuring his company to the board of directors. In which stage of the change-management lifecycle is Andy?
Implementation
Close
Review and authorize
Identify need for change
A reason why being honest helps workers get along well with their coworkers is that honest workers
live up to their promises.
are more willing to share.
focus on creating harmony.
exchange rumors and gossip.
What section of the statement of work (SOW) defines what the project will produce?
Schedule estimates
Purpose statement
Project deliverables
Benefits and risks
One of the primary goals of supply chain management is to
set prices for products that maximize profits.
control customer perceptions of a business.
minimize overall value to the customer.
gain a competitive advantage in the marketplace.
Which of the following is a benefit of using mediation to resolve disputes?
Decisions that carry more weight
Unbiased third-party decision maker
Cost-effectiveness and efficiency
Higher payouts for defendants
In Maria's community, the accumulation of wealth is a shared value that is often passed down from generation to generation. As a result, Maria is often attracted to luxury products. This is an example of a __________ influence on Maria's buying behavior.
Thomas is reviewing job applications to determine the five most qualified candidates to interview for a sales position. What management activity is Thomas performing?
Orienting
Training
Screening
Innovating
Effective headings in research reports are
vague.
lengthy.
non-parallel.
descriptive.
Which of the following is an example of technology supporting a business's knowledge management processes:
Using location-targeted digital advertisements
Tracking customer information in a customer relationship management system
Sending digital coupons through a third-party advertising service
Monitoring interactions on a business social media account
Because the company's president was impressed with Ed's willingness to accept additional tasks and carry them out without a lot of direction, they promoted Ed to a management position. What personal trait does Ed possess that helped him advance in his career?
Self-control
Initiative
Self-confidence
Courage
A manufacturing company would like to produce 5,000 finished products per day; however, the company cannot afford the machinery to do so. Instead, the firm decides to extend each employee's work day by one hour to make up for the lost production. This is an example of how _________ impact(s) business process design.
Which of the following are examples of digital assets a business could own:
Logos, apps, and customer email lists
Websites, machinery, and subscriptions
Websites, photographs, and property
Cash, photographs, and machinery
Which of the following is a type of insurance company in which the policyholders retain the profits:
Insurance underwriting association
Risk retention group
Insurance broker
Local insurance agency
Effective change management has benefits on both the organizational and individual levels. A way in which it benefits an individual is that it helps
anticipate challenges and respond efficiently.
contain costs associated with change.
plan efficient communication strategies.
align existing resources within the company.
Monitoring a project makes sure people involved are doing their part to make the project run smoothly. This is an example of how monitoring a project
saves time and resources.
creates accountability.
helps you learn from experience.
builds stronger relationships with stakeholders.
Which of the following is a good way to end a business phone call:
Make small talk about the caller's day.
List all of the points made in the call.
Wait for the caller to speak before deciding the call is over.
Offer your email address if the caller needs additional information.
Which of the following statements regarding employees' use of social media is true:
When employees make negative comments about their company, it generates positive publicity.
Employees of large companies should never be allowed to have personal social media pages.
An employee's personal social media pages have no impact on the company.
An employee's social media “brand” can impact the company's overall image.
To reduce the risk of injury in the workplace, the government requires businesses to follow
A. safety regulations.
B. organizational health policies.
C. conservation ordinances.
D. privacy laws.
Which of the following is an example of intellectual capital:
A. Office computers
B. Sales revenue
C. A company's stocks
D. An employee's product knowledge
Every task in a business process should have defined roles and responsibilities, which can be documented in an ARCI matrix. ARCI stands for accountable, responsible, ________, and informed.
Businesses that are built on strong ethical principles are more likely to
A. avoid legal trouble.
B. go bankrupt.
C. face lawsuits.
D. drive away customers.
A business decides to use some surplus cash to pay off a loan early. This is an example of using financial information to
A. increase sales.
B. manage debt.
C. make purchases.
D. create budgets.
Which of the following is a form of technology used to manage business risk in relation to online security:
A. Meta tags
B. Frames
C. Site maps
D. Firewalls
Which of the following is a way in which business profits benefit society:
A. Profits indicate trends in consumer preferences.
B. Profits enable businesses to compete with other businesses.
C. Profits encourage business owners to conserve resources.
D. Profits provide an incentive to entrepreneurs.
Which of the following statements best describes how all employees can help control company expenses?
They can manage their time efficiently.
They can implement a department budget.
They can control company purchasing costs.
They can increase the profit margin ratio.
A project manager must extend the due date of a project activity by three days. What project-management software application will enable the project manager to make the change?
Reporting
Scheduling
Budgeting
Publishing
The money that a company has left over after paying its operating expenses and capital expenditures is classified as
limited cash flow.
free cash flow.
dividends.
stock value.
How can a project manager fast-track a project?
Increase managerial oversight
Organize teams to run tasks concurrently
Refrain from making changes to stay on course
Add additional human resources
Creativity is associated closely with the trait of
imagination.
orderliness.
dependability.
patience.
When developing persuasive business letters, it is most important for the writers to think about the readers'
possible objections.
personal images.
decision-making styles.
nonverbal cues.
After his manager instructs him to prepare an analytical report, JoJo conducts online research on consumer preferences and demographics to identify potential growth opportunities. Which of the following analytical reports is JoJo likely writing:
Market analysis
Trend analysis
Financial analysis
Operations analysis
