BBI Test #3 Review

For most businesses, labour is the biggest cost.

When managers create a budget this is an example of:

Laissez-Faire Leadership

A fixed amount of money that employees receive on a regular schedule.

Laissez-Faire Leadership

An example of a upper management is:

Democratic Leadership

Which is not a function of management?

ICT (technology) helps improve productivity in many departments.

Having employees help choose the course of action is called _______________

Important long-term goals are usually set by:

Laissez-Faire Leadership works when:

Teamwork skills do NOT include

__________ manage the financial records of a company

The most basic materials that are used in the production of goods are known as _________ 

Telling employees which job to complete is an example of:

Personal management Skills:____ is the ability to set goals,manage finances&adapt to situations

Pay by the hour:

Raw materials can be divided into two groups, ingredients and supplies

What is the leadership style discussed in class?  

Being able to speak in professional language at the workplace is:

Autocratic Leadership

When managers discipline employees this is an example of:

Incentives to get workers to perform well are only based on money.

What is also known as "piecework"? 

Academic skills include:

Employees receive a percentage of sales as part, if not all, of their income:

Motivating employees to get their work done is an example of:

Supplies are raw materials that go into a final product

When an employee or the company performs well, people may receive ________

Construction, catering & cleaning businesses often receive his type of compensation.

Autocratic Leadership works when

Setting short-term and long-term goals is an example of: