EOC Game review- 3- Braxton Mayhew

Question 1

What are the elements of the marketing concept?

Accepted Answer

Customer orientationCompany commitmentCompany goals

Question 2

What is a nonprofit corporation?

Accepted Answer

operates to accomplish a specific mission, not to make profit

Question 3

What are the management functions?

Accepted Answer

PlanningOrganizingStaffing.DirectingControlling

Question 4

What is top-Level management?

Accepted Answer

Responsible for the entire organization; conduct strategic planning.

Question 5

What are the types of corporation?

Accepted Answer

PrivateSubchapter “S”PublicNonprofit

Question 6

What is a private corporation?

Accepted Answer

Does not offer shares for sale to the general public, Has 100 or fewer shareholders

Question 7

What is mid-level management?

Accepted Answer

Conduct tactile planning; organizing, and controlling activities.

Question 8

what is a subchapter corporation?

Accepted Answer

Has 100 or fewer shareholders and must adhere to governmental policies.

Question 9

What are the basic concepts of accounting?

Accepted Answer

Accounting formulaNet Profit and Net LossIncome Statement / Balance Sheet

Question 10

What Items are marketed?

Accepted Answer

All of the Above

Question 11

What are the levels of management?

Accepted Answer

Top-Level ManagersMid-Level ManagersFirst-Line Managers.

Question 12

What are the Primary finance activities?

Accepted Answer

Making investment decisionsMaking financing decisions

Question 13

What is Capital investment decisions?

Accepted Answer

The judgments made by management how funds will be spent to procure capital

Question 14

What is a public operation?

Accepted Answer

Offers shares for sale to the general public

Question 15

What is first-line management?

Accepted Answer

Spend most of their time doing staffing, directing, controlling activities

Questions 15