*Unit 2 Test Review

A natural, inborn aptitude to do certain things is called a(n)

Which of the following is usually NOT included on a resume?

Baby boomers will begin retiring in the 2030s.

The ability to motivate individuals and groups to accomplish important goals is called _____

Outsourcing removes work from one company and sends it to another company that can complete it at a lower cost.

A(n) ____ is a diagram that shows the structure of a business, classifications of work and jobs & relationships

Spending time with a worker for a day or week to learn about a certain occupation.

The U.S. workforce consists of all the people age 18 and older who are employed or looking for a job.

Talking to other people about their jobs.

A management style best to use when working under tight time pressures.

This type of influence arises when employees recognize that the leader has special knowledge or ability in the area.

Influence that stems from the personal trust and respect members have for the leader.

This type of financing is the amount of money needed to open the business.

Organizational culture is the environment in which people work; includes atmosphere, behaviors, beliefs & relationships

_____ are the important principles that will guide decisions and actions in a company.

A written legal document that defines ownership and operating procedures and conditions for a business.

A career is a goal for work that is fulfilled through an occupation or series of occupations.

A(n) ____-based resume highlights abilities and experiences related to the job for which you are applying.

Executives are MAINLY concerned with which management functions?

The willingness and ability of a person to move where jobs are located.

A worker who has no explicit or implicit contract for long-term employment is a

Proprietorships account for about ___ percent of all US businesses.

Terminations are always the result of inappropriate work behavior.

The people who make the major policy and financial decisions for a corporation.

A written description of the business idea and how it will be carried out including all business activities.

Span of control is the number of employees who are assigned to a particular work task and manager.

A group of retired local businesspeople who volunteer their services to counsel and mentor new business owners.

Good leaders know that it is important to treat all employees the same.

Management style that is effective when a group of employees is experienced and works well together.

Leadership is the ability to motivate individuals and groups to accomplish goals.

Entrepreneurship is the process of starting, organizing, managing and assuming the responsibility for a business.

Small businesses create only a tiny fraction of new jobs in the U.S. economy.

A(n) ____ is an experienced employee who serves as a counselor to a person with less experience.

The human resource activity of employee relations involves

Most businesses in the United States are

The assignment of an employee to another job in the company with a similar level of responsibility is called a

This management function involves identifying and arranging the work and resources needed to achieve goals.

___ is money provided by large investors to finance new products and new businesses.

An employee to whom a company has made a long-term commitment.

Examples include travel agents, chiropractors, and web-design firms.

Involves work experience in an organization while learning about a career field.

Corporations are owned by at least two shareholders.

Informal influence is part of an organization’s structure.

A government agency that helps entrepreneurs develop business plans and obtain financing.

A mission statement describes the reason a business exists and what it wants to accomplish.

The right to make decisions about how specific work should be completed in called

Intermediaries are businesses involved in selling the goods and services of producers to consumers and other businesses.

A compensation plan in which an employee receives a specific amount of pay for each unit of work produced is called

Good entrepreneurs are able to learn from their failures.

You would identify your talents and abilities in this part of the career planning process.

All businesses perform each of the following activities EXCEPT

An employee hired for a specific time or to complete a specific assignment.

Most of the money needed to start a new business comes from venture capitalists.

Influence that is not part of an organization’s formal structure.

Employee orientation should be the final step in the hiring process.

Examples are shipbuilders, auto manufacturers, and farms.

A ____ is a business owned and controlled by at least two people who have entered into a written agreement.

A business plan is a written description of the business idea and how it will be carried out.

A career portfolio provides tangible evidence of your ability and skills; typically includes résumé & examples of work

Your interests should rarely be the basis for your employment goals and career paths.

The operating procedures for a corporation.

Description of the way work is to be done.

Small businesses

Which of the following is NOT good advice for someone preparing for a job interview?

Core values

If your jobis more mental than physical and involves the handling and processing of information, you are a

Guidelines used in making consistent decisions.

Career fairs allow job seekers to contact several prospective employers in a short time.

A designed change that increases the usefulness of a product is a(n)

Compensation is the amount of money paid to an employee for work performed. It consists of salary/wages and benefits.