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Business Dynamics 1 Review game Flashcards | StudBud
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Business Dynamics 1 Review game
Business Dynamics 1 Review game
49 terms
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StudBud Administration
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586 plays
Review of Dynamics 1
Flashcards
49 cards
F
Practice quiz
P
Host live
L
Questions
49
Answers
1
What impact will baby boomers retiring have on the workplace?
increased life expectancy
ecommerce will grow
jobs will become automated
skills shortage
2
What would be a reason FOR starting a sole proprietorship?
Profit Sharing
Charter protection
Unlimited liability
Ease of start up
3
Which of the following would NOT be a good reference?
Past employer
Parent
Teacher
Coach
4
Example of a not-for-profit business
Starbucks
Target
Salvation Army
Wegmans
5
Buying a new phone. Going online to find out about Samsung/iPhone screen size and battery life. This is an example of
Gathering information
Making a decision
Analyzing resources
Defining needs and wants
6
Which characteristic(s) best describe millenials in the workplace?
Having fun in the workplace
Working with technology
All of the above
Working in teams
7
When a business sends work to another country or company because it is cheaper, this is called
Outsourcing
Networking
Telecommuting
Insourcing
8
If you are under 18 you need to get this in order to start working...
Working papers
Transcript
Social Security Card
License
9
Joe chooses to work less hours to spend more time with family.This choice is a change in his
Personal stengths
Skills
Education
Lifestyle
10
This degree requires 2 years of college
Bachelors
Masters
Associates
Professional
11
Being able to work from home rather than travelling to a physical office is known as?
Outsourcing
Distance Working
Remote Working
Circular Flow
12
In the future world of work, most people will probably...
Be employed in the coal industry
Have a variety of careers in their lifetime
Spend an entire career working for one employer
Become agricultural workers
13
Determining a target market is the responsibility of which department?
Marketing
HR
IT
Operations
14
This department is in charge of hiring, firing and motivating employees.
Legal
IT
Finance
HR
15
There is a negative career outlook for newspaper reporters. What does this mean?
The amount of money a person makes in this job is low
Colleges are not preparing their students well for this job
People in this occupation do not enjoy their job
The number of jobs in this field is decreasing
16
What is the number 1 skill required to be successful in the workplace?
Time Management
Time Management
Teamwork
Risk Taker
17
I take assessments and learn that I am an orange", I value trust, and enjoy working w/others.
Making a decision
Gathering information
Defining needs and wants
Analyzing resources
18
An accountant is a better career fit than doctor.Both pay well but one requires less school.
This is an example of identifying choices
This is an example of the planning step
This is an example of evaluating choices
This is an example of analyzing resources
19
A standard work week is how many hours?
30
40
10
20
20
Goods and services such as roads, schools, and defense, that are provided by the gov are called
Taxes
Public Goods and Services
Consumer Goods & Services
Capital
21
This type of business has limited liability.
Sole Proprietorship
All of the choices
Partnership
Corporation
22
Emily has excellent interpersonal and communication skills. Which job is she best suited for?
Novelist
Sales
Mechanic
Artist
23
Kevin works for the Red Cross to assist in disaster relief. This is an example of his value for
Fame
Intrapersonal skills
Humanitarianism
Money
24
The study of the production, distribution, and consumption of good and services is known as?
Capitalism
Circular Flow
Business
Economics
25
Learn from a master worker, on the job, good for trades (electrician)
Shadowing
Bachelor's Degree
Master's Degree
Apprenticeship
26
This department deals with computers and networking?
HR
Finance
Legal
IT
27
When Supply EXCEEDS Demand. This results in a?
Equilibrium
Surplus
Break even
Shortage
28
This is the most common type of business ownership in the US
Corporation
Franchise
Sole proprietorship
Partnership
29
How fast or slow an occupation is growing or declining is a?
Job Expectations
Job Requirement
Job Outlook
30
Which activity would give me
first hand knowledge
of the tasks a marketing manager completes?
Online research
Shadowing
None of the above
Watching an educational video
31
Another term used to describe the free enterprise system is…
Capitalism
Communism
Socialism
Economics
32
Abe is a great public speaker. He can use this skill in any job. What type of skill is this
Great
Networking
Relatable
Transferrable
33
The study of the production, distribution, and consumption of gods and services
Economics
Sociology
Psychology
Scarcity
34
Which question below is an illegal interview question?
Tell me about your previous work experience.
Are you over 18?
Are you willing to relocate for this job?
Are you married?
35
How early should you arrive for an interview?
10-20 minutes early
20-30 minutes early
5-10 minutes
All are correct
36
What section does not belong on a resume?
Volunteer Experience
Previous Experience
Hobbies
Education
37
Teaching, nursing, helping the less fortunate would be a good job for a person who values?
Fame
Humanitarianism
Power
Money
38
How many years do you have to go to college for a Bachelors Degree
4
2
5
3
39
You follow around a professional for 1 day to learn about the job. This is known as/an?
Co-op
Apprenticeship
Shadowing
Internship
40
This is a type of risk that is carefully analyzed for its good and bad points
Calculated Risk
Careful Risk
Strategic Risk
Thoughtful Risk
41
A person who is spontaneous and a risk taker.
Orange
Green
Blue
Gold
42
How many jobs/careers will a person likely hold in the future?
3-6
5-9
1-5
7-12
43
Who are the owner of a corporation?
IT
Stockholders/Shareholders
Managers
Sole Proprietor's
44
What is the first step in the career decision making process
Identify Needs and Wants
Gather Information
Evaluate Choices
Analyze Resources
45
Using people you know to hopefully lead you to a job opening. This is known as?
Telecommuting
Networking
Shadowing
Volunteering
46
Money, equipment, and the goods used to do business are which factor of production?
Capital
Labor
Land
Knowledge
47
What happens below equilibrium on a supply and demand curve?
Surplus
Profit
Loss
Shortage
48
When the owner of a business has to payoff all the debts, even out of their own personal money
Unlimited Liability
Debt
Limited Liability
Equilibrium
49
What is the number one skill required for success in the future workplace?
critical thinking
teamwork
creativity
social emotional awareness