SLO Review - Intro to Business & Technology

Question 1

What is the main benefit of compressing a digital video?

Accepted Answer

save space

Question 2

Which question does not belong when analyzing ethical behavior in the workplace?

Accepted Answer

Will I get caught?

Question 3

Which strategy would not be used to improve time management skills?

Accepted Answer

Taking short breaks between tasks

Question 4

Which type of business produces the goods they sell?

Accepted Answer

Manufacturing

Question 5

What type of management structure does a company have if they departmentalize?

Accepted Answer

decentralized

Question 6

Every successful company uses this to explain the goals & purpose of their business.

Accepted Answer

Mission Statement

Question 7

What type of computer program is Windows?

Accepted Answer

Operating System

Question 8

Which leadership style is mostly used in emergency type careers?

Accepted Answer

autocratic

Question 9

UPS would be classified as what type of business?

Accepted Answer

service

Question 10

What is the most common type of business ownership in the US?

Accepted Answer

Sole Proprietorship

Question 11

Which type of business sells their product to the final customer?

Accepted Answer

retail

Question 12

TRUE or FALSE - Regarding distribution - more intermediaries lowers the price of a product.

Accepted Answer

False

Question 13

Which advantage does a corporation provide it's owners?

Accepted Answer

Limited Liability

Question 14

Which law monitors how many hours a teen is allowed to work each week?

Accepted Answer

Fair Labor Standard Act

Question 15

A department supervisor would be considered what level of management?

Accepted Answer

operational

Question 16

Which professional document summarizes a person's accomplishments?

Accepted Answer

<p>Resume</p>

Question 17

TRUE or FALSE - A successful marketing strategy would include selling snow ski's in Texas.

Accepted Answer

False

Question 18

Which computer software program would be best used to write an essay or report?

Accepted Answer

Microsoft Word

Question 19

What type of insurance covers employees stealing from their employer?

Accepted Answer

Casualty

Question 20

Which type of business handles the shipping and distribution of a product?

Accepted Answer

intermediary

Question 21

What is the main disadvantage of owning a business organized as a sole proprietor?

Accepted Answer

unlimited liability

Question 22

Which level of management strategizes for long-term growth of their company?

Accepted Answer

upper

Question 23

TRUE or FALSE - A CEO has lots of daily interaction with employees & customers.

Accepted Answer

False

Question 24

When revenue is greater than expenses?

Accepted Answer

profit

Question 25

An apple farmer would be considered what type of business?

Accepted Answer

producer

Question 26

Which marketing function deals mostly with building relationships with customers?

Accepted Answer

selling

Question 27

The computer term "ISP" stands for what?

Accepted Answer

Internet Service Provider

Question 28

Which written document describes the type of business an entrepreneur plans to start?

Accepted Answer

Business Plan

Question 29

What is the student organization designed for those preparing for careers in business?

Accepted Answer

FBLA

Question 30

Which type of insurance covers against loss from injury to people on their property?

Accepted Answer

liability

Question 31

Which best describes a corporation?

Accepted Answer

lots of government regulation

Question 32

TRUE or FALSE - A manufacturing company that employs 100 people is considered a small business.

Accepted Answer

False

Question 33

Gathering resources & assigning tasks to employees is part of which management function?

Accepted Answer

Organizing

Question 34

_______________ is the process of planning, pricing, promotion, & distribution of goods.

Accepted Answer

Marketing

Question 35

Which best describes the marketing info management function?

Accepted Answer

research your customers & competitors

Question 36

Which best describes a decentralized management structure?

Accepted Answer

Lots of employee & departments

Question 37

At what stage of the Product Life Cycle are sales normally the highest?

Accepted Answer

maturity stage

Question 38

TRUE or FALSE - Integrity is considered the least important leadership quaility.

Accepted Answer

False

Question 39

Which computer application is commonly used as a search engine?

Accepted Answer

google

Question 40

Which type of business does not sell a product?

Accepted Answer

service

Question 41

Which management function includes lots of review & reflection of a project completed?

Accepted Answer

controlling

Question 42

Cost of Goods = $10,000. Total Revenue = $15,000. Calculate the profit.

Accepted Answer

$5,000

Question 43

TRUE or FALSE - Unethical behavior in the workplace can never be considered a criminal issue.

Accepted Answer

False

Question 44

Which type of distribution will result in the customer paying a higher price?

Accepted Answer

indirect

Question 45

TRUE or FALSE - Listening is considered a communication skill.

Accepted Answer

True

Question 46

Which type of business turns peanuts into peanut butter?

Accepted Answer

processor

Question 47

Compared with commercial banks, credit unions generally offer _________________.

Accepted Answer

lower fees & loan rates

Question 48

Which part of the marketing mix examines the channel of distribution for a product?

Accepted Answer

<p>price</p>

Question 49

Which management function includes a department meeting to present a new project to employess?

Accepted Answer

organizing

Question 50

TRUE or FALSE - Financial records are used to determine if a business earns a profit or loss.

Accepted Answer

True

Question 51

TRUE or FALSE - The main difference b/w an entrepreneur and an employee is the level of risk.

Accepted Answer

True

Question 52

TRUE or FALSE - Every company uses the same code of ethics.

Accepted Answer

False

Question 53

What's wrong when your computer slows down while running multiple programs simultaneously.

Accepted Answer

insufficient RAM

Question 54

Sam Walton started which famous company?

Accepted Answer

WalMart

Question 55

Which type of business takes a raw material and changes it to a more finished product?

Accepted Answer

processor

Question 56

In regards to marketing a product, R & D stands for what?

Accepted Answer

research & development

Question 57

Which type of personal information would be the most sensitive regarding identity theft?

Accepted Answer

Social Security Number

Question 58

Which computer program would be best used for video conferencing?

Accepted Answer

Skype

Question 59

TRUE or FALSE - When a product is priced very high, then more sales & profit will occur.

Accepted Answer

False

Question 60

If you write a song/poem, which term refers to the legal protection of your creative property?

Accepted Answer

Copyright

Question 61

TRUE or FALSE - Operational managers make the big decisions that effect the entire company.

Accepted Answer

False

Question 62

Which type of ownership is not managed by a Board of Directors?

Accepted Answer

proprietorship

Question 63

Which is best suited for saving money over a period of many years?

Accepted Answer

certificate of deposit

Question 64

Which of the following is not considered part of the marketing mix?

Accepted Answer

processing

SLO Review - Intro to Business & Technology

Questions 70

SLO Review - Intro to Business & Technology

Questions 70