WorksheetsSecond Semester Final
Total questions: 41
Worksheet time: 41mins
What is the purpose of a performance review?
Give employers a chance to vent
Set up appointments to fire employees
Provide a chance for supervisors to give feedback, both positive and negative, to employees
Give employees a chance to interview for a promotion
Which of the following is an example of a positive outcome of professional development for employers?
Higher pay for employees
Increased sales
Higher retention rates
Expanded operations in to new markets
Some industries require workers to obtain this to be certified to practice their occupation
License
GED
ISO 9001 - Certification
Kaizen Way
Which best describes vertical job growth?
Developing skills that make you a more well rounded worker
Applying for a similar job with a different company
Developing skills that allow you to move up the "corporate ladder"
Gaining enough skills to not get fired
Which of the following is NOT a skill of effective communication?
Active Listening
Providing constructive feedback
Ignoring non-verbal communication
Fostering collaboration
Which method is best for avoiding miscommunication?
A) Repeat what was said to you to clarify the message
B) Speak over the person talking to you
C) Provide written communication in all capital letters to make your point
D) Give off negative non verbal cues when someone is talking to you
Which of the following are characteristics of ethical communication? (Check all that apply)
Honesty
Responsible
Angry
Respectful
One-sided
Which best defines what an employee program manual includes?
A list of benefits and compensation that an employer offers its employees
A detailed layout of standards and operating procedures
A full list of employee training programs and professional development opportunities
A list of vendors and other personnel who may be in the building throughout the day
Which of the following is a contributing factor as to why people may not attend college?
It's too difficult
It takes up too much time
Universities don't offer degrees in what they want to study
People go into too much debt
What is the purpose of a career assessment test?
It provides you with a list companies you can work for
It provides you with a list of strengths to help you identify the type of work you might excel at
It shows you the gaps you have in applying for jobs
It provides you with a list of colleges you should attend
How does career development differ from career growth?
Career development and career growth are the same thing
Earning a promotion is an example of career development and not growth
Career development is gaining more skills to help you become more efficient in your role
Career growth is rooted in short term growth only and development is long term growth
What is one way an employee can keep their license up to date?
Work overtime
Re-locate to a new city
Obtain Professional growth points (PGP's)
Work a second job
What is an example of a "screening" interview?
Panel Interview
Group Interview
Phone Interview
Lunch/Dinner Interview
What is something you should do when receiving a job offer?
Immediately accept
Take time to consider and weigh your options
Ignore the offer if you don't like it
Immediately quit your current job
Which of the following items can affect the labor market? Check all that apply.
The state of the economy
Skills needed to enter a career field
Companies relocating jobs overseas
Prices of natural resources
The stock market
Scheduling is a vital function to ensuring that tasks get completed in an efficient manner.
True
False
What is the scheduling method businesses can use to help keep project work organized and completion of work in a timely manner?
Flex scheduling
GANT Charts
Kaizen Way
Six Sigma
Which of the following is NOT a method used to help motivate workers?
Increased pay
Flexible schedule
Promotion of skills through continuing education
Mandatory overtime
Lack of recognition, weak leadership, poor work/life balance and limited career growth can all lead to what?
Employee retention
Low morale
Career growth
Promoting from within
Herzberg's Theory of Motivation indicates that people care more about what in terms of happiness on the job?
Pay
Company Management
Recognition of a job well done
Job security
Transformation leadership is a method used along with what other strategy to help employees accomplish their goals?
Transactional Leadership
Top Down Leadership
Dynamism and Charisma Model
Horizontal Leadership Theory
Promoting a culture of free and open dialogue while minimizing disruptions is a tactic that can be used to handle...
Talking politics in the office
Debating who gets a promotion
Deciding how to build a new product
Electing a new executive board
Which of the following gives rise to office politics?
Competing values
Cohesiveness among team members
Well laid out mission statement
Equal pay for all employees
What does a Profit & Loss statement provide to a company?
Potential stock prices for a company
Whether a company is earning profit or losing money
Bonus values for executives
Inventory valuation
A financial statement that reports a company's assets, liabilities, and shareholder equity at a specific point in time is called a...
Income Statement
Balance Sheet
Statement of Cash Flows
Cost of Goods Sold Summary
The stat at which revenues equal costs is known as...
Profit Maximization
Loss Leader Analysis
Break Even Point
Optimal Pricing Strategy
Which inventory management system minimizes back stock by ordering inventory right when needed?
Floating Inventory
Just-in-time
LIFO Method
FIFO Method
What inventory method provides the average number of days it takes for a firm to sell off inventory?
Just-in-Time
Economic Order Quantity
Days Sales of Inventory
MRP Inventory
The process of obtaining goods or services, typically for business purposes; encompasses activities such as sourcing, negotiation, purchasing, and contract management is known as...
Procurement
Assembly
Free Trade Agreements
Sales Optimization
How does forecasting affect budgeting?
Forecasting numbers set limits on what can be budgeted
Forecasting numbers provide guidelines for budgeting
Forecasting doesn't affect budgeting
A process of aligning and developing the capacity of a team to create the results its members truly desire. This is the definition of...
Team optimization
Team learning
Workflow Management
Hierarchical Management
Which of the following is a principle of collective intelligence?
Increased productivity
Openess
Closed communication
Top Down decision making
strategic business plan steers the company amid the bustle of regular operations and guides the leadership team to realize their strategic objectives and overarching vision.
True
False
What are the two variables that contribute to growth of a business?
Size and Age
Location and Products
Executives and Profits
Locations and Age
Who ultimately pays for a tariff?
Government
Company
Consumer
Foreign business
The increasing interconnectedness and interdependence of countries and regions through the exchange of goods, services, information, technology, and cultural ideas is best defined as...
Isolationism
Globalization
Market Blocks
Trade Specialization
How can ESG scores affect a company?
It can increase their brand making them more attractive to investors
It can harm their ability to market products
Affects their access to the labor market
Limits their product offerings
Which of the following is NOT a benefit of automation in business?
Frees up workers to be more productive
Allows workers to be more creative
Increases costs for business in the long run
Makes products more affordable for consumers
Which of the following is a good strategy to help minimize workplace conflict?
Ignore differences in the workplace
Avoid discussing difficult topics
Implement team building activities
Show favoritism to hard workers
A code of ethics for businesses is a set of principles companies provide to employees to help them approach their jobs with ___________.
Integrity
Selfishness
Financial benefit
Deception
A code of ethics helps business leadership to ensure they are living up to what?
Their mission and vision statements
World Trade Organization standards
Profit forecasts
Bonus levels
