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ITB mid term 2024 #1 Flashcards | StudBud
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ITB mid term 2024 #1
ITB mid term 2024 #1
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Answers
1
a designed change that increases the usefulness of a product is a
impropriety
innovation
invention
improvement
2
the right to make decisions about how specific work should be should be completed is called
accountability
responsibility
span of control
authority
3
core values
tell what a business wants to achieve
outline the important principles that guide company decisions
are a written description of a business idea
describe the reason a business exists
4
most businesses in the US are
nonprofit corporations
S corporations
partnerships
proprietorships
5
a worker who has no explicit or implicit contract for long-term employment is a
migrant worker
part-time worker
blue-collar worker
contingent worker
6
a compensation plan in which an employee receives a specific amount of pay for each unit of work produced is called
time wage
straight salary
piece rate
commission
7
the human resources activity of employee relations involves
job placement
performance assessment
wage and salary planning
health and safety planning
8
this type of influence arises when employees recognize that the leader has special knowledge or ability in the area
reward influence
identity influence
position influence
expert influence
9
if your job is more mental than physical and involves the handling and processing of information, you are a
blue-collar worker
yellow-collar worker
white-collar worker
pink-collar worker
10
executives are MAINLY concerned with which management functions
implementing and controlling
planning and controlling
controlling and staffing
organizing and implementing
11
the assignment of an employee to another job in the company with a similar level of responsibility is called a
promotion
termination
discharge
transfer
12
which of the following is usually NOT included on résumé
personal information
employment history
education
references
13
which of the following is NOT good advice for someone preparing for a job interview
dress properly
be on time
prepare questions to ask during the interview
take several friends for moral support
14
all businesses perform each of the following activities EXCEPT
maintain business records
generate ideas
buy goods
produce goods
15
this type of financing is the amount of money needed to open the business
inventory financing
start-up financing
long-term financing
short-term financing
16
you would identify your talents and abilities in this part of the career planning process
career development and advancement
personal assessment
interview process
application process
17
small businesses
usually sell products and services at lower prices than large businesses
have an advantage when customers have unique needs
typically focus on products and services that meet a large group's needs
usually find it unprofitable to spend lots of time with a single customer
18
a natural, inborn aptitude to do certain things is called a
habit
interest
talent
value
19
this management function involves identifying and arranging the work and resources needed to achieve goals
implementing
organizing
controlling
staffing
20
proprietorships account for about __ percent of all US businesses
25
10
50
70