Principles of Business -- Part 1 Midterm Exam Review

It is more important for employees to practice ethical behavior than it is for others.

When a large business opens in an area, other businesses locate there to support the bus.

Mgrs who include employees in decision-making find better decisions are made when involved.

Everyone who owns a business is an entrepreneur.

Supervisors often have non-management duties in addition to their management work.

The final step in the hiring process is orientation.

In strategic management, managers are less directive and involve employees in decision-making.

In the US, nearly as many small businesses close as begin each year.

The most important step in starting a business is preparation.

Cooperative education combines school with work-related experience.

Nonprofit corporations do not have to pay corporate income taxes.

All entrepreneurship opportunities emerge from inventions and innovations.

There is no point in reading help-wanted ads unless you already have a career goal in mind.

Over the next 10 years, nearly all job growth in the United States will occur in service bus.

From 1996 to 2006, total employment in the United States fell by nearly 14 percent.

Process of starting, organizing and managing the responsibility for a bus is called capitalism.

Management is the ability to motivate individuals and groups to accomplish goals.

It is illegal for bus to screen applicants for skills and abilities in pre-employment tests.

Human resources are different from almost every other resource needed by businesses.

Many small businesses fail simply because they are not located in the right spot.

Most American workers are members of a labor union.

All businesses make products.

The largest number of U.S. businesses have no employees other than the owner.

The best way to tell an employer you are leaving your job is to write a letter of resignation.

In the coming yrs, service industries are expected to have the best career potential in the US.