Principles of Business Spring Final Review 2018

Revenue minus expenses equals:

A _______ budget is an estimate of the actual money received and paid out for a specific time.

Which of the following interview questions is not a common question.

More time/money is spent in marketing goods and services to other businesses than to customers.

Which is NOT one of the 3 most important elements of a company's financial strength?

_______ enables a person to affect the actions of others.

The consumer decision-making process ends with a purchase decision.

Sales and profits for a specific period are reported in a company's income statement.

If demand for a product grows, while supply remains unchanged, you would expect the price to:

Which of the following would NOT be part of a company's human resources?

Working with and as a mentor can help develop leadership skills.

A _______ is everything a business offers to satisfy a customer's needs.

An employee to whom a company makes a long-term commitment is considered to be

Making a good first impression is imperative to interviewing successfully.

The way people get along with each other is known as _____

Financial planning is needed by a small business only until it begins to make a profit.

All businesses must complete some marketing activities, even if that is not their focal point.

Core values are principles of conduct governing an individual or a group.

Which source of career info allows you to watch someone doing the job that interests you?

Payroll records need to be maintained for all full-time employees, but not for part-timers.

Ethical business practices should include leadership, management and the work force.

Effective leaders should be __________ to be successful.

______ are generally easier to control the quality and marketability.

A good way to decide whether a business's action is ethical is to ask _____

Which is not a type of business budget:

The first step in new product planning is ________

What is your first task in career planning?

Current liabilities are amounts owed that will be paid in less than:

The five functions of management include all of the following, EXCEPT:

 _____ are the costs of operating any business.

The quality of being able to perform a mental or physical task.

________ communication occur between managers, employees, and work groups.

____ records contain information on all employees of the company, their salary and benefits.

A company reports its assets, liabilities, and owner's equity on the:

When preparing your resume, list your work history and/or qualifications.

All of the following are different types of records, EXCEPT:

A 2-way convo where interviewer learns about you, and you learn about the job/company.

A ___ predicts the types and amounts of expenses for a specific business activity.

Your ___ provide a basis for your employment goals and possible career paths.

Which of the following is not a characteristic of services?

The goal of human resources is to have the right ______ at the right time.

The government requires employers to withhold ____ tax from their employees pay.

Middle managers are specialists w/responsibility for specific parts of a company's operations

Revenue < Expenses =

Mobility is the willingness and ability to change jobs within your company at a single location

A business budget has the same basic goals as a personal or family budget

Advertising is any form of communication used to inform, persuade, or remind.

All of the following are examples of common managerial activities, except ____

A common suggested action to take after an interview is to

Local and state gov't employment offices help people find jobs and provide career information.

A natural, inborn aptitude to do certain things:

The main purpose of a cover letter is to:

There are greater number of people in the workforce today than in the past.

Demand, changing demographic trends and technology are factors affecting career opportunities.

All of the following are government taxes, EXCEPT:

The ________ interview occurs when leaving a job.

A(n) ______ is a task or series of tasks that is performed to provide a good or service.

The 4 elements of a marketing mix are ___________

All of the following are considered current assets, EXCEPT:

HR activities include all of the following, except ______

The costs of operating any business.

Which equation would accurately compute the total owner's equity of a company?

Which of the following is not an essential characteristic of effective leaders?

The government requires employers to withhold ____ tax from their employees' pay.