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WorksheetsTSA: Business Management (4 of 7)
Total questions: 52
Worksheet time: 26mins
What does "Integrating" mean in a business context?
Setting prices for new products
Communicating objectives and motivating staff to accomplish tasks
Organizing files and records
Investing company profits
What is "Interest" in a financial context?
Money borrowed from a bank
A fee for using a debit card
Money the bank pays you for leaving it in your savings account
Money lost from a bad investment
Who is an "Internal candidate"?
Someone applying from a competing company
A contractor applying for a full-time role
An individual applying for a position within the same organization
A person applying internationally
What are "Internal markets"?
Stock exchanges
Markets within the same company
Online marketplaces
Retail stores
What does "International Trade" involve?
Selling goods at a local farmer’s market
Trading stocks internationally
Goods and services distributed between countries
Currency exchanges only
What does "Interoffice" communication refer to?
Communication through a phone
Communication between different companies
Communication between departments within the same company
Communication with clients
What is the definition of "Investing"?
Saving money under your mattress
Paying off a loan
Allocating money with the expectation of future benefit
Spending on luxury goods
What is a "Job"?
An educational degree
A social responsibility
A work role within a specific organization
A personal hobby
What are "Job descriptions"?
Resumes submitted by applicants
Lists of past job experiences
Written statements outlining job requirements and duties
Letters of recommendation
What is the "Laissez-faire style" of leadership?
Micromanaging employees
Refusal to interfere and allowing people to work independently
Setting strict rules
Encouraging daily meetings
What does "Lateral" refer to in an organization?
Promotion to a higher level
Outsourcing labor
Coordination across different departments at the same level
Demotion to a lower level
What is the best definition of "Leadership"?
Following directions
Completing tasks
Pursuing goals through positive engagement and initiative
Keeping records
What is "Leading" in a business setting?
Filing documents
Influencing people to accomplish business goals
Balancing the budget
Writing job descriptions
Who is a "Lender"?
A person saving money
A financial institution that lends money
A tax collector
A real estate agent
What are "Liabilities"?
Company profits
Assets owned
Debts that a business owes
Employee salaries
What is "Life Insurance"?
A retirement savings plan
Insurance for your car
A contract to pay a beneficiary upon someone’s death
A business investment
What is a "Line Organization"?
Organization that deals only with customer service
A simple structure where each person reports to one supervisor
A government agency
A type of factory layout
What does "Liquidity" refer to?
Financial losses
Assets that can be quickly converted into cash
Business expenses
Long-term liabilities
What are "Long-term goals"?
Goals set for next week
Goals achieved within a few days
Goals specified as more than one year
Daily productivity targets
What is "Management"?
The act of selling products
Planning and controlling resources to achieve goals
Handling customer complaints only
Filing taxes
What does "Margin" refer to in document formatting?
Font size
The width of the text
The size of the paper
The space around the edges of the paper
What is "Market Position"?
Location of a store
Employee job level
A company’s rank by sales volume
Stock price
What are "Market regulations"?
Company rules for marketing
Discounts offered during promotions
Government control over the market
Customer complaints
What is "Market research"?
Guessing what customers want
Gathering and analyzing customer information
Looking up competitors’ websites
Searching for suppliers
What is "Market segmentation"?
Separating customers into smaller groups with similar traits
Combining all customers into one list
Selling only to one group
Creating new markets
What is "Market Share"?
The amount paid in taxes
The portion of sales a company has compared to others
The number of employees in a market
Profit margin
What does "Marketing Information Management" involve?
Posting ads on social media
Making product labels
Using research to gather marketing data
Designing a new logo
What is the "Marketing Mix"?
A set of accounting strategies
A team of marketers
The combination of elements used to market a product
The color palette for packaging
What is a "Marketing Plan"?
A brief email about a product
A rough idea of future sales
A detailed written outline of marketing goals and activities
A budget spreadsheet
What does a "Matrix chart" show?
Weekly schedules
Inventory lists
The relationship between two or more variables
A list of customers
What is a "Medical Insurance Premium"?
Money paid to employees
The cost of a surgery
The amount deducted from paychecks for medical benefits
The hospital fee
What is "Medicare"?
A private insurance plan
A discount program for students
The U.S. health care program for elderly and disabled
A loan service
What is a "Medium" business?
A non-profit organization
A business with over 10,000 employees
A business with under $50 million in profit and fewer than 1,000 employees
A freelance operation
What is a "Memo"?
A social media post
A letter to a customer
A short document used for internal communication
A company brochure
What are "Merchant Services"?
Job training programs
The ability to accept multiple payment types
Shipping and delivery systems
Customer review platforms
What is a "Method"?
A theory
A goal
A way of doing something
A written report
What are "Metrics"?
Company goals
Measurable tools to evaluate success
Employee salaries
Marketing slogans
What is "Middle Management"?
Board of directors
The CEO
Management that implements decisions of top executives
Entry-level workers
What is a "Milestone"?
A missed deadline
An impactful or significant business moment
A competitor’s failure
A hiring freeze
What is "Monetary policy"?
Business marketing strategy
Employee payment method
Federal Reserve actions to control the money supply and inflation
Internal budgeting strategy
What is a "Money Market account"?
A checking account with no interest
A high-risk investment
An account that pays a higher interest rate than savings accounts
A business loan
What are "Monopolies"?
Markets with many sellers
Markets with no regulation
Markets dominated by a single seller with no competition
Public markets only
What is "Motivation" in a workplace?
A business contract
An engaging factor that influences effort
A type of employee benefit
A training manual
What are "Mutual Funds"?
Government bonds
Bank savings accounts
Professionally managed investment programs pooling many investors
Personal loans
What is "National Debt"?
Money an individual owes
A company’s total liabilities
Money owed at the national level
A bank loan
What is a "Need"?
Something fun to have
A luxury product
A necessity required for life
A stock investment
What is a "Negotiated Price"?
Final listed price
A random value
Agreed-upon price between buyer and seller
A discounted wholesale cost
What is "Net Income"?
Total money spent
Revenue before expenses
Profit after subtracting expenses from revenue
Gross income
What is "Net Pay"?
Pay before taxes
Total company revenue
Money earned after all deductions
Bonus income
What is "Netiquette"?
Internet taxes
Rules for accessing Wi-Fi
Proper behavior and communication online
A type of software
What are "Nondurable goods"?
Items meant to last for years
Recyclable goods
Items that are used quickly and repurchased
Heavy industrial tools
What is an "Occupation"?
A time off request
A person’s regular job or profession
A household task
A side project
