Analyzing Business

Question 1

Shares of ownership of a corporation is also called:

Accepted Answer

Stock

Question 2

What form of business is this?

Accepted Answer

Monopolistic Competition

Question 3

SWOT Analysis: Which of the following would least likely be classified as a threat to Chipotle?

Accepted Answer

Salmonella outbreak at one of their stores

Question 4

Establishes a minimum wage & overtime pay rate for employees working more than 40 hours a week?

Accepted Answer

Fair Labor Standards Act

Question 5

How many people do you need working together to be considered an organization?

Accepted Answer

2 or more

Question 6

The ability to act decisively and be a leader in a business relates to what characteristic

Accepted Answer

Confidence

Question 7

An incorporated company is a ___ corp in state of incorporation and a ___ corp in other states

Accepted Answer

domestic, foreign

Question 8

Which is not a type of partnership?

Accepted Answer

LLC's

Question 9

Which forms of stock has voting rights?

Accepted Answer

Common

Question 10

Who retains a great deal of control over the brand name, product, and service

Accepted Answer

Franchisor

Question 11

Distribution of Responsibility and Authority within an organization

Accepted Answer

Delegation

Question 12

Which leadership style gives employees strict guidelines to follow from the manager or owner?

Accepted Answer

Autocratic

Question 13

The Equal Pay Act of 1963 keeps businesses from paying different wages between:

Accepted Answer

Men and Women

Question 14

Jolene finally opened her own unique dance studio. She takes pride in it as it grown. Met need:

Accepted Answer

Self Actualization

Question 15

What is a key difference in an S-Corp from a C-Corp

Accepted Answer

No foreign investment

Question 16

Form by major FUNCTION, PRODUCT AND LOCATION, hybrid or matrix

Accepted Answer

Departmentalization

Question 17

Which type of planning is the "What IF" that addresses possible downsides and upsides

Accepted Answer

Contingency

Question 18

Manager presents 'tentative' decision, but subject to change based on input from subordinates

Accepted Answer

Participative

Question 19

In SWOT Analysis, strengths and weaknesses analyze the internal environment and are:

Accepted Answer

controllable

Question 20

What form of business is this?

Accepted Answer

Oligopoly

Question 21

Which reinforcement is employed most often? (Be able to say why)

Accepted Answer

Positive Reinforcement

Question 22

What form of business is this?

Accepted Answer

Monopoly

Question 23

Herzberg's Two Factor Theory. Motivation factors= job satisfaction. All qualify except:

Accepted Answer

Relationships

Question 24

Tendency that individuals to put forth less effort when they work in groups than when alone

Accepted Answer

Social Loafing

Question 25

Which is considered a characteristic of entrepreneurs?

Accepted Answer

Tolerance of uncertainty, High Energy, Vision, Action Oriented

Question 26

A pattern of faulty and biased decision making that occurs in groups.

Accepted Answer

Group Think

Question 27

A franchisee supplies:

Accepted Answer

Labor and capital, owns and operates the outlet

Question 28

What form of business is this?

Accepted Answer

Oligopoly

Question 29

In the past 17 years, small businesses generated:

Accepted Answer

over half of new jobs

Question 30

Title VII of the Civil Rights Act addresses discrimination based on all of the following EXCEPT

Accepted Answer

Age

Question 31

What is the first step in the Four Functions of Management Process

Accepted Answer

Planning

Question 32

Who works for an organization but engages in innovation and takes on greater responsibility

Accepted Answer

Intrapreneurship

Question 33

The four main stages of Group Development are in this order

Accepted Answer

Forming, Storming, Norming, Preforming

Question 34

Which form of business can be double taxed?

Accepted Answer

Corporation

Question 35

In the Herzberg's Two Factor Theory, a pay raise is considered what?

Accepted Answer

Hygiene

Question 36

What does SCORE stand for?

Accepted Answer

Service Corps of Retired Executives

Question 37

With regard to taxation of partnerships, which is true?

Accepted Answer

Partners are taxed in the same way as sole proprietor

Question 38

Tall or Flat Organizational Structure

Accepted Answer

Flat

Question 39

The leadership style where the manager presents a decision and invites questions

Accepted Answer

Autocratic

Question 40

Which is not a process management quality control

Accepted Answer

Pert

Question 41

S-Corporations can have how many members?

Accepted Answer

No more than 100

Question 42

Which of the following would be considered a technical innovation from small business

Accepted Answer

Insulin

Question 43

All businesses require:

Accepted Answer

Filing tax returns with the IRS

Question 44

Statistically, over 70% of new businesses can be expected to fail within their first 10 years

Accepted Answer

True

Question 45

What type of planning would you use for daily planning?

Accepted Answer

Operational Planning

Question 46

It can take just a few days and less than a couple hundred dollars to start a business

Accepted Answer

Culture of entrepreneurship

Question 47

Which would include: someone will listen and take action when a customer complains

Accepted Answer

The Right to be Heard

Question 48

Approximately how many businesses are there in the United States

Accepted Answer

27.5 million

Question 49

Helen determines the nature of positions in her law firm. Which function of HR is this?

Accepted Answer

Job Analysis

Question 50

All the resources are part of the organization management except:

Accepted Answer

Environmental

Question 51

What are the three factors that affect ethical behavior?

Accepted Answer

opportunity, individual, social

Question 52

All activities that help create goods is defined as:

Accepted Answer

Production Management

Question 53

Management systematically works to concentrate authority at the UPPER levels of an organization

Accepted Answer

Centralized

Question 54

Tim owns a McDonald’s franchise that is struggling. Where does he go for advice and guidance?

Accepted Answer

Franchisor

Analyzing Business

Questions 54

Analyzing Business

Questions 54