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Midterm Practice - Principles of Business Flashcards | StudBud
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Midterm Practice - Principles of Business
Business activities start with
which is an example of supply?
Midterm Practice - Principles of Business
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1
which is an example of supply?
Pamolive company produces fewer products
Reebook trying to purchase a warehouse
AnnExpress Company training employees
Sears Dept Store promoting a new product
2
Business activities start with
consumer
producers
marketers
services
3
What type of employee works 40 hours or more per week?
permanent
full-time
part-time
temporary
4
A plant created rules on how to minimize waste. What social responsibility practice is this?
employee wellness
job safety
workplace diversity
environmental protection
5
Customers are discouraged from filing complaints. Which consumer right does this violate?
to be heard
to educate
to safety
to service
6
Which of the following is NOT a mid-management job?
tech supervisor
customer service manager
shift manager
Vice President of HR
7
This type of compensation pays the employee for each hour worked
commission
straight salary
time wage
piece rate
8
John discusses available benefits with is employees? Which HR function is this?
recruiting and hiring
job performance
planning & staffing
compensation methods
9
Vera accepts input from employees about the budget. Which leadership style is this?
democratic
autocratic
objective
laissez-fare
10
The value of the next-best choice you would be called?
trade-off
opportunity cost
economic cost
scarcity
11
Which of the following is not an economic resource?
natural
human
business
capital
12
What is the most basic form of production?
custom manfacturing
extraction & cultivation
manufacturing
processing
13
The first step in CPI is what?
select observation tools
identify activities
improve processes
involve everyone
14
Java's trademark logo receives which government service?
Contract Protection
Intellectual Property Protection
Job Safety Protection
Environmental Protection
15
Sheetz touchscreen ordering menu is what type of technology application?
telecommuting
expert system
artificial intelligence
computer design
16
Goodyear uses rubber to produce tires.Which type of manufacturing is this?
custom manufacturing
extraction
mass production
materials processing
17
Employees being trained on new software at work is an example of which technology concern
computer crime
health
privacy
employment trends
18
ABC company is attempting to buy its only competitor. This violates which consumer right?
to educate
to safety
to service
to choose
19
Eddie decided he would use butter for his cake. Which economic question does this address?
How to produce?
What to produce?
For whom to produce?
When to produce?
20
Stacy signed a document agreeing to pay $300 for a stereo. This is an example of what?
contracts
intellectual property
copyrights
work conditions
21
An example of foreign currency would be:
skittle
coin
euro
dollar
22
Jack and Henry are responsible for 20 ppl. This is an example of which management level?
supervisors
top mgt.
mid-management
mgt by others
23
The way a manager involves and treats employees is called
influence
entrepreneurship
management
leadership
24
Employees at the 1st level of management are called:
supervisors
entrepreneurs
executives
mid-managers
25
If Bob sells his product online which technology application is he using?
Computer design
e-commerce
Artificial Intelligence
telecommuting
26
All of the following would be counted as inventory EXCEPT
materials
finished products
employees
supplies
27
The staffing management function involves which item?
materials
employees
schedules
resources
28
Iran raised the prices of imported oil. This is an example of which trade barrier
tariff
embargo
quota
limit
29
Building a specific and unique product to meet the needs of one customer is what?
custom manufacturing
extraction
manufacturing
processing
30
Sony produces thousands of electronics. Which type of manufacturing is performed?
mass production
extraction
custom manufacturing
materials processing
31
An example principle of the US economic system is
freedom of choice
all of these
competiton
right to private property
32
Keisha allows her employees to provide input on company decisions. Which mgt style is this?
varied
strategic
mixed
tactical
33
Managers typically spend their time handling which items?
all of the above
payroll
cutsomers
employees
34
Goya Food's customer base consists of large families.Which economic question does this address
What to produce?
For whom to produce?
How to produce?
When to produce?
35
A company offers employees discounted memberships to the gym. Which social practice is this?
employee wellness
job safety
workplace diversity
environmental protection
36
This leadership characteristic involves making decisions carefully
communication
initiative
judgement
understanding