Exam Review Flashcards | StudBud
  • 13
  • HR: Raises, bonuses, promotions, downsizing, termination: can all be included in this
  • 14
    If the economy takes a downturn, this would pose a/an ________________ risk to your business.
    • economic
    • natural
    • market
    • human
  • 15
    Which function of business involves controlling and making decisions about a business. EX: staffing, planning
    • Marketing
    • Production
    • Management
    • Finance
  • 16
    Owned and operated by a single individual; easiest to start, unlimited liability
    • partnership
    • corporation
    • proprietorship
  • 17
    What are the components of the promotional mix?
    • Advertising, Personal Selling, Project management
    • Advertising, Sales promotion, Public Relations, Personal Selling
    • Advertising, Public Relations, Stock trading
    • Advertising, Profit, Goal planning, Promotion
  • 18
    The 5 C’s of banking for business. ________ is moving money into and out of the business.
    • Cash flow
    • Conditions
    • Capacity
    • Capital
  • 19
    Collective bargaining is the formal negotiation process between management and unions.
    • True
    • False
  • 20
    A _________________ economy is one in which individuals are free to make their owneconomic decisions.
    • Market
    • Command
    • Traditional
    • Mixed
  • 21
    Gives individuals the right to examine & correct their own credit history records.
    • Electronic Funds Transfer Act
    • Equal Pay Act
    • Fair Credit Reporting Act
  • 22
    A hurricane would be an example of an uncontrollable risk.
    • True
    • False
  • 23
    An economic system where both the government and individuals make decisions abouteconomic resources is _______________
    • traditional
    • Mixed
    • command
    • Market
  • 24
    4 ways to manage risk
    • avoid, reduce, transfer, assume
    • avoid, risk, tame, assume
    • add, reduce, try, assume
  • 25
    An economic system based on trade and barter is __________________.
    • traditional
    • Mixed
    • Command
    • Pure
  • 26
    HR: Posting job applications, conducting interviews, drafting job offers
    • training and development
    • recruiting and hiring
    • Performance eval
  • 27
    Employers cannot pay different wages to men and women if they perform equal work.
    • Fair Labor Standards Act
    • Clean Air Act
    • Equal Pay Act
  • 28
    Which is a product?
    • Hair cut
    • tennis shoes
    • oil change
  • 29
    What does SWOT stand for?
    • Strength, weakness, origin, trend
    • statitistics, weakness, opportunity, threat
    • strength, weakness, opportunity, Threat
  • 30
    Medical expenses & lost wages for employees who are injured at work.
    • Workers Comp
    • OSHA
    • Disability