FINAL EXAM REVISION - 1

Question 1

What does an organizational chart show?

Accepted Answer

Authority lines

Question 2

True or false: Cash flow statement shows cash changes

Accepted Answer

True

Question 3

What does HRM stand for?

Accepted Answer

Human Resource Management

Question 4

Which departmentalization is based on products?

Accepted Answer

Product

Question 5

True or false: Interviews are part of the selection process

Accepted Answer

True

Question 6

What is the accounting equation?

Accepted Answer

Assets = Liabilities + Equity

Question 7

True or false: Assets are debts

Accepted Answer

False

Question 8

What is the main advantage of line structure?

Accepted Answer

Quick decisions

Question 9

Which is a B2C example?

Accepted Answer

Amazon.com

Question 10

True or false: Budgets forecast expenses

Accepted Answer

True

Question 11

What is human relations?

Accepted Answer

Study of behavior

Question 12

What is a goal?

Accepted Answer

Satisfaction of need

Question 13

True or false: HRM includes training the employees

Accepted Answer

True

Question 14

True or false: Recruitment is only done internally

Accepted Answer

False

Question 15

What is Maslow's first need?

Accepted Answer

Physiological needs

Question 16

What is a job specification?

Accepted Answer

Qualifications needed to fill the job

Question 17

What is a market segment?

Accepted Answer

Group with similar needs

Question 18

True or false: Matrix structure limits creativity.

Accepted Answer

False

Question 19

True or false: Security needs include economic protection

Accepted Answer

True

Question 20

What does Theory X assume?

Accepted Answer

Employees dislike work

Question 21

True or false: CPAs can file tax returns

Accepted Answer

True

Question 22

What explains why people behave as they do?

Accepted Answer

Motivation

Question 23

True or false: Theory Y uses fear as motivator

Accepted Answer

False

Question 24

True or false: Depreciation is an expense

Accepted Answer

True

Question 25

What does an income statement show?

Accepted Answer

Profitability

Question 26

True or false: Virtual teams rely on technology.

Accepted Answer

True

Question 27

Which departmentalization focuses on regions?

Accepted Answer

Geographic

Question 28

True or false: Equity is subjective

Accepted Answer

True

Question 29

True or false: Careful hiring saves money

Accepted Answer

True

Question 30

What is a job description?

Accepted Answer

Written job details

Question 31

Which is a promotion activity?

Accepted Answer

Advertising

Question 32

True or false: Marketing mix includes Product, Promotion, Plan and Price

Accepted Answer

False

Question 33

Which is a consequence of over-specialization?

Accepted Answer

Boredom

Question 34

What is at the very top of Maslow's hierarchy of needs?

Accepted Answer

Self-actualization

Question 35

What does a balance sheet show?

Accepted Answer

Financial position

Question 36

True or false: All groups are teams.

Accepted Answer

False

Question 37

What is the first stage of selection?

Accepted Answer

Application

Question 38

True or false: Functional departmentalization results in slower decision-making.

Accepted Answer

True

Question 39

True or false: Over-specialization increases injuries.

Accepted Answer

True

Question 40

What does Equity Theory assess?

Accepted Answer

Fairness of rewards

Question 41

Which organizational structure is common in small businesses?

Accepted Answer

Line

Question 42

True or false: Grades are extrinsic rewards

Accepted Answer

True

Question 43

True or false: The Line-and-Staff structure prevents overstaffing

Accepted Answer

False

Question 44

True or false: Specialization reduces efficiency.

Accepted Answer

False

Question 45

True or false: Hygiene factors focus on work content

Accepted Answer

False

Question 46

Which is a stage in the selection process?

Accepted Answer

Application

Question 47

Which organizational structure makes use of project teams?

Accepted Answer

Matrix

Question 48

True or false: Marketing is just selling

Accepted Answer

False

Question 49

What is the goal of marketing?

Accepted Answer

Create value

Question 50

What is Herzberg's theory based on?

Accepted Answer

Job and work environment

Question 51

What is an intrinsic reward?

Accepted Answer

Personal satisfaction

Question 52

True or false: Motivation is an inner drive

Accepted Answer

True

Question 53

True or false: Needs and goals can motivate employees

Accepted Answer

True

Question 54

True or false: Financing is a marketing function

Accepted Answer

True

Question 55

What is the goal of reference checking?

Accepted Answer

Verify applicant background

Question 56

True or false: HRM maximizes employee satisfaction

Accepted Answer

True

FINAL EXAM REVISION - 1

Questions 56

FINAL EXAM REVISION - 1

Questions 56