Principles of Business Spring Final Review 2018

Which is not a type of business budget:

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

The first step in new product planning is ________

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

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

______ are generally easier to control the quality and marketability.

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

A natural, inborn aptitude to do certain things:

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

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

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

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

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

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

HR activities include all of the following, except ______

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

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

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

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

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

 _____ are the costs of operating any business.

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

The costs of operating any business.

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

Revenue minus expenses equals:

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

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

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

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

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

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

A common suggested action to take after an interview is to

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

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

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

Which of the following is not a characteristic of services?

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

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

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

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

The ________ interview occurs when leaving a job.

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

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

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

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

All of the following are considered current assets, EXCEPT:

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

_______ enables a person to affect the actions of others.

Making a good first impression is imperative to interviewing successfully.

The main purpose of a cover letter is to:

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

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

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

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

What is your first task in career planning?

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

The 4 elements of a marketing mix are ___________

Revenue < Expenses =

Effective leaders should be __________ to be successful.

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

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

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

All of the following are government taxes, EXCEPT:

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