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Unit 7 Test
Unit 7 Test
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#PrinOfBus&Fin #RandomDogPix
Flashcards
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Questions
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Answers
1
A characteristic of a sole proprietorship is that the owner:
Delegates all functions
Has access to unlimited funds
Transfers all the risk
Receives all the profit
2
How frequently the operations function, consisting mainly of activities, should be performed:
Yearly
Daily
Monthly
Weekly
3
Which would probably result if a business reduced its marketing costs?
Increased costs of production
Decreased need for customer contact with business
Increased customer awareness of goods and services
Decreased variety of consumer goods
4
What does Adidas market when, each year, lots of people watch the World Cup it sponsors?
Goods
Ideas
Places
Services
5
Which managerial function is she performing?
Planning
Controlling
Staffing
Organizing
6
Human resources management is important to succeed because this process is responsible for:
Reducing compensation
Eliminating turnover
Staffing the business
Creating jobs for the company
7
Which is a characteristic of human resources management?
Evaluating supervisors
Developing leaders
Working with people
Scheduling the work
8
Which type of business ownership should José select?
Corporation
Partnership
Sole Proprietorship
Cooperative
9
Bored yet?
Ugh...Totally
DOGGY!!!!!!
Yes
No
10
This task would fall under which function of management?
Organizing
Controlling
Directing
Planning
11
In what business organization form do companies operate when they sell stock to raise capital?
Corporation
Partnership
Cooperative
Proprietorship
12
Which type?
Corporation
Sole Proprietorship
Partnership
Franchise
13
Which do managers often set in order to control the work effort?
Job standards
Hiring objectives
Diversity quotes
Expense budgets
14
According to the marketing concept, which option demonstrates customer orientation?
Advertising the features of a product
Researching a firm's competitors
Convincing a buyer to buy
Finding out what a buyer wants
15
Business ownership in which one or more of the owners does
not
have full liability is called a:
Service Organization
General Partnership
Limited Partnership
Sole Proprietorship
16
HIs job can
best
be described as a:
Bookkeeper
Cashier
Broker
Manager
17
A manager who helps count money in a cash drawer and prepare a bank deposit is demonstrates:
Creativity
Aggressive Behavior
Natural Talent
Technical Skills
18
What marketing activity takes place when dealerships promote the newest vehicle on the radio?
Offering the products customers want
Communicating with customers
Finding out about customers