WorksheetsTSA: Business Management (3 of 7)
Total questions: 55
Worksheet time: 28mins
What is the primary goal of an expansionary policy?
To reduce government debt
To slow down inflation
To encourage economic growth
To increase interest rates
What are expenses in a business context?
Profits gained from selling goods
Costs incurred in operating the business
Investments made for future gains
Employee bonuses
What does the term "expression" refer to?
A legal contract
A type of business plan
A look on someone’s face showing emotion
A mathematical formula
Who is considered an external candidate?
Someone applying for a position within their department
An individual seeking a promotion
An applicant from outside the organization
A retired former employee
What are external markets?
Markets within an internal department
Overseas markets only
Markets outside of the company
Markets created through customer loyalty
Which of the following are considered factors of production?
Products, Services, Profit, Loss
Land, Labor, Production, Entrepreneurship
Time, Energy, Investment, Inventory
Cost, Revenue, Budget, Capital
What is a fax?
A marketing tool used in digital advertising
A document sent over a telephone line
A form of social media communication
A business newsletter
What does the FDIC provide?
Business loans
Government jobs
Insurance protection for deposits
Credit score tracking
What is feedback in communication?
A suggestion box
A written report
A receiver’s response to a sender’s message
A marketing technique
What does FICO refer to?
A food company
A financial institution
A company that provides credit scores
A tax filing agency
What does FIFO stand for in inventory management?
Final Inventory, First Out
First In, First Out
Final In, Final Out
First In, Last Out
What are finance options?
Job offers in financial industries
Tax exemptions
Opportunities to purchase or sell
Retirement plans
What are financial goals?
Daily chores
Objectives related to financial planning
Legal requirements
Business licenses
What does the Financial Risk Pyramid illustrate?
How to build a savings account
The trade-offs between risk and return for saving and investing tools
The hierarchy of business success
The budgeting process
What is financial security?
A home security system
A tax filing method
Items of value that improve an organization’s financial health
A business slogan
What does financing involve in business?
Building new facilities
Training employees
Getting money to operate the business
Conducting interviews
What is a first impression in business?
A final decision
A marketing strategy
The initial perception during a meeting or interaction
A company slogan
What is fiscal policy?
Policy on interest rates
Use of government spending and taxes to influence the economy
Laws on international trade
Guidelines for ethical behavior
What is a fixed cost?
A cost that changes monthly
A cost that fluctuates with production
A constant cost like rent or salaries
A discounted service fee
What is a flame in digital communication?
A form of compliment
An electronic message with offensive content
A virus
A business pitch
What is a flat chart in an organization?
A list of salaries
A structure with few or no levels of management
A visual of profits
A schedule of meetings
What is the purpose of Form I-9?
To apply for a business loan
To verify employment eligibility in the U.S.
To file business taxes
To request vacation days
What does Form W-4 determine?
Vacation schedule
Employee performance rating
The percentage of gross pay withheld for taxes
Health benefits
What is formal education?
On-the-job training
Education through video tutorials
Standardized learning with diplomas or degrees
Learning through experience only
What defines a formal organization?
A group with no official structure
A flexible social network
An organization with structured, written rules
A temporary team
What is a function in a business context?
A party or event
A short-term goal
A set of specialized department activities
A type of bonus
What does a GANTT chart show?
Product reviews
Project timelines and task completion
Sales growth
Inventory count
What is geographic segmentation?
Sorting customers by gender
Grouping people by hobbies
Dividing people based on location
Grouping based on income
What does a gesture communicate?
Only spoken words
Movement-based non-verbal communication
An internal memo
A legal document
What is globalization?
Limiting trade
Doing business only locally
Conducting business worldwide
Hiring only from within
What is a goal?
A random activity
A temporary task
A desired future result
A purchase decision
What are goods?
Services offered to customers
Intangible experiences
Tangible items with monetary value
Financial statements
What does GDP measure?
Company profit
Stock market success
Value of goods and services produced in a country
Import costs
What is gross pay?
Money earned after taxes
Total pay before deductions
Year-end bonus
Overtime rate
What is a group or committee interview?
One-on-one interview
Written test
A panel of interviewers
Informal conversation
What is a heading in a business letter?
A summary
The return address and date at the top
The final paragraph
A greeting line
What is health insurance?
Business tax deduction
Coverage for medical expenses
A retirement fund
A loan payment
What is a hierarchical chart?
A sales forecast
A budget spreadsheet
A visual showing organizational roles and structure
A marketing timeline
What is a hierarchy?
A list of goals
A company slogan
A system ranking individuals by authority
A group of customers
What does homeowner’s insurance protect?
Travel expenses
Business investments
A home from damage
Health-related costs
What is horizontal management?
Top-down communication
Encouraging cross-department collaboration
Strict rule enforcement
Outsourcing tasks
What is human capital?
Buildings owned by the company
Office equipment
Skills and talents employees bring to an organization
Company profits
What does the HR department handle?
Product marketing
Payroll taxes
Training, hiring, and employee support
Legal consulting
What does implementing mean?
To discuss a problem
To set a future goal
To put a plan into action
To delay a decision
What is an implied warranty?
A spoken agreement
A written contract
A legally enforced standard not stated explicitly
A customer testimonial
What is an improvement plan?
A budget
A retirement plan
A strategy to enhance performance
A marketing pitch
What is income?
A monthly budget
Profits only
Money received in exchange for labor or services
Money borrowed
What does an income statement show?
Budget forecasts
Personal savings
A company’s revenue and expenses
Employee salaries
What is inflation?
Price stabilization
A decrease in currency value
A rise in prices across the economy
Reduction in supply
What does it mean to inform?
To argue a point
To hide facts
To communicate knowledge
To advertise
What is informal education?
A college degree
Learning through unstructured methods
Online certified courses
Public schooling
What is an informal organization?
A business with written procedures and policies
A temporary workplace setup
The social structure within an organization with loosely defined relationships
A government-controlled company
What does it mean to instruct someone?
To give them access to files
To allow them to observe a task
To teach them how to do something
To manage their work schedule
What is insurance?
A loan provided to businesses
A tax-free savings account
A contract where a company receives payment in exchange for coverage of specific events
A budgeting tool
What are intangible assets?
Equipment and machinery
Inventory items
Assets that can’t be touched or seen physically
Furniture and fixtures
