Exam Jam 2

Question 1

What type of team works with multiple departments, likely on a project, and reports to a functional and project manager?

Accepted Answer

Cross functional

Question 2

Which type of utility is added by bakers when they transform raw ingredients into special cakes?

Accepted Answer

Form utility

Question 3

What type of competition focuses solely on differentiation as its primary marketing strategy?

Accepted Answer

Monopolistic

Question 4

Which of the following plans has an organizational, long term focus usually spanning 3+ years?

Accepted Answer

Strategic plan

Question 5

What is OSHA?

Accepted Answer

regulates health and safety conditions

Question 6

Ali opens her own business selling artwork on Etsy. Her sister frequently helps, but Ali is the owner. This is a(n):

Accepted Answer

sole proprietorship

Question 7

Which of these is not an advantage of a sole proprietorship?

Accepted Answer

Unlimited personal liability

Question 8

Temporary or permanent reporting of one employee to two persons is an example of what?

Accepted Answer

Matrix

Question 9

Which theory of motivation states that people are motivated to get and keep equitable treatment for themselves

Accepted Answer

Equity Theory

Question 10

management of the decisions and processes associated with producing goods and services is what

Accepted Answer

Operations management

Question 11

Decision-making authority is concentrated at UPPER levels of the organization

Accepted Answer

Centralized

Question 12

Which of the following is not one of the four functions of management

Accepted Answer

Mission

Question 13

A company is called a domestic corporation in the state it is incorporated, but in other states, it is called an ______

Accepted Answer

foreign corporation

Question 14

Adding unpleasant tasks or actions when undesired behavior is observed is considered what:

Accepted Answer

Punishment

Question 15

Which of the following experiences double taxation?

Accepted Answer

C-corp

Question 16

COVID is an example of:

Accepted Answer

threat

Question 17

Opportunities and Threats are best evaluated ________ the Environmental Scan is complete.

Accepted Answer

After

Question 18

"Factors that create satisfaction are different than those that create dissatisfaction" is what theory?

Accepted Answer

Herzberg’s Two-Factor Theory

Question 19

Which of the following is an advantage of a partnership?

Accepted Answer

Limited partners have limited personal liability

Question 20

“to save people money so they can live better.” is an example of:

Accepted Answer

Mission statement

Questions 20