PBF Unit 2: Business ownership

Question 1

Travis is about to hold orientation for 10 new interns; which HR activity did he just perform?

Accepted Answer

Recruiting and hiring

Question 2

Todd decided to form a corp over a sole proprietorship because of which advantage?

Accepted Answer

Limited liability

Question 3

Several small organic produce businesses have joined together; what type of business?

Accepted Answer

Cooperative

Question 4

Tami opened an auto body shop after doing work for a few friends; which advantage over corp?

Accepted Answer

Ease of formation

Question 5

Carlos is not involved in minor decisions, but is an owner; what type of organization?

Accepted Answer

Partnership

Question 6

Hank has ownership (up to initial investment) with George; what type of business ownership?

Accepted Answer

Partnership

Question 7

Michelle reviewed survey results and set new goals; which function of management?

Accepted Answer

Planning

Question 8

Chun purchased 150 shares of Panasonic stock; how many votes will she get at the next meeting?

Accepted Answer

150

Question 9

Timmy meets w/employees to prepare them for evaluation conferences; which HR manager activity?

Accepted Answer

Managing performance of employees

Question 10

Vera discusses marketing plans with her employees; which style of leadership?

Accepted Answer

Democratic

Question 11

A company sells stock but gets financial direction from a central body of people; which type?

Accepted Answer

Corporation

Question 12

Tami prefers working alone and being in control; what advantage over a corporation?

Accepted Answer

Control of decisions

Question 13

Josh conducts orientations to discuss benefits; which HR manager activity is this?

Accepted Answer

Management of compensation methods

Question 14

Jim asked his employee, Jack for feedback about a display case; which style of management?

Accepted Answer

Strategic

Question 15

Jan coordinates software, office space, and equipment; which function of management?

Accepted Answer

Organizing

Question 16

Jane's business is popular & she will allow others to sell her products; what type of business?

Accepted Answer

Franchise

Question 17

All Josh's employees are being trained on new equipment; which function of management?

Accepted Answer

Staffing

Question 18

John processes job applications; which level of management is he?

Accepted Answer

Mid-management

Question 19

20 people report to Jack and Henry, who set goals together; which level of management are they?

Accepted Answer

Supervisors

Question 20

Tim keeps track of which employees are on site and which are off site; which style of mgmt?

Accepted Answer

Tactical

Question 21

Tami wants to buy stock, but will have to pay taxes twice; what is advantage of sole prop?

Accepted Answer

Single taxation

Question 22

Mary owns stock which she'll give to her grandchildren; advantage over sole proprietorship?

Accepted Answer

Potential of unlimited life

Question 23

Vera accepts input from her employees about the annual budget; which style of leadership?

Accepted Answer

Democratic

Question 24

Keisha allowed her employees to plan the expansion project; which style of management?

Accepted Answer

Strategic

Question 25

Jason gets input on long-term projects but handles daily decisions alone; which style of mgmt?

Accepted Answer

Mixed

Question 26

Bob and Jeri contributed to expansion of their business; advantage over sole proprietorship?

Accepted Answer

More capital available

Question 27

Harry's boss assigns tasks electronically but does not see his employees; style of leadership?

Accepted Answer

Laissez-fare

PBF Unit 2: Business ownership

Questions 27

PBF Unit 2: Business ownership

Questions 27