Business Essentials II

29 Questions | Total Attempts: 256

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Business Essentials II

This test is created to check for comprehension in several topics pertaining to Introduction to Business. The topics covered in the quiz are as follows: major types of business ownerships, organizational charts and attitudes needed for careers in business.


Questions and Answers
  • 1. 
    The amount of money a business earns above and beyond what it spends for salaries and other expenses is called        
    • A. 

      Savings

    • B. 

      Cash receipts

    • C. 

      Revenue

    • D. 

      Profit

  • 2. 
    That level of management that includes board of directors, chief executives etc. and lays down policies and provides direction and leadership to the organisation as a whole.        
    • A. 

      Top Level

    • B. 

      Middle level

  • 3. 
    The other name for lower level management is
    • A. 

      First line management

    • B. 

      Operational level of management

  • 4. 
    That level of management that design a program to implement the strategies designed by top level management        
    • A. 

      Middle level

    • B. 

      Lowel level

  • 5. 
    Which of the following gives authority to a number of different managers to run their own departments?
    • A. 

      Line authority

    • B. 

      Decentralized organization

    • C. 

      Centralized organization

    • D. 

      Departmentalization

  • 6. 
    Which is not a level of management?
    • A. 

      Top-level managers

    • B. 

      Operational managers

    • C. 

      Middle managers

    • D. 

      Undermanagers

  • 7. 
    Which level of management includes supervisors, office managers, and crew leaders?
    • A. 

      Operational managers

    • B. 

      Functional managers

    • C. 

      Top-level managers

    • D. 

      Middle managers

  • 8. 
    Good management requires which of the following?
    • A. 

      Giving orders

    • B. 

      Hiring employers

    • C. 

      Passing on orders

    • D. 

      Creating a vision

  • 9. 
    A _________________ is an organizational structure  when managers at the top of the line are in charge of those beneath them
    • A. 

      Organizational plan

    • B. 

      Line authority

    • C. 

      Management plan

    • D. 

      Departmentalization

  • 10. 
    ______________________ is  how much a job pays and the benefits offered
    • A. 

      Minimum wage

    • B. 

      Compensation

    • C. 

      Promotion

    • D. 

      Wage

  • 11. 
    _________________ is a program that provides hand-on experience for a beginner in an occupation, usually as an unpaid trainee?
    • A. 

      Internship

    • B. 

      Apprenticeship

    • C. 

      Networking

    • D. 

      Shadowing

  • 12. 
    In an entry-level job, the level of manager that you would have the most contact with is the  __________________________
  • 13. 
    Top-level managers  are important to large corporations because they ________________ 
  • 14. 
    What do managers need to organize in order to accomplsh goals and objectives_______________
  • 15. 
    A CEO or president is an example of this level of manager__________________
  • 16. 
    _________________ refers to dividing responsiblity among specific units, or departments.
  • 17. 
    Attitudes are established ways of responding to people and situations that we have learned based on the _________that we hold.
  • 18. 
    Attitudes drives ___________
  • 19. 
    Your body language is as a result of your_____________
  • 20. 
    What are the three forces behind attitude - passion, optimism and ____________
  • 21. 
    Drive begins with the trait of _________________
  • 22. 
    _________________is the major advantage of a corporation.
  • 23. 
    A ___________________is a business owned by two or more persons who share the risks and responsibility.
  • 24. 
    A corporation is controlled by this.
    • A. 

      Corporate license

    • B. 

      Small Business Administration

    • C. 

      Stocks

    • D. 

      Board of directors

  • 25. 
    A contract that outlines the rights and responsibilities in a partnership is called a(n)
  • 26. 
    A business owned by many people but treated by law as one person is called a(n)
  • 27. 
    To raise money for a corporation, you can sell___________________, or shares of ownership.
  • 28. 
    As a(n) ___________________, KFC has a contractual agreement to sell the company's products and services in a designated geographic area.
  • 29. 
    If you sell a product directly to the public, you are considered a(n), ________________