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POB Objective 7 Flashcards | StudBud
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POB Objective 7
POB Objective 7
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VOCATS Review
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Questions
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Answers
1
A characteristic of a sole proprietorship is that the owner:
transfers all the risk
has access to unlimited funds
receives all the profit
delegates all functions
2
Scott Company want to sell stock to raise capital. What form of business the company operate?
proprietorship
cooperative
corporation
partnership
3
According to the marketing concept, which option demonstrate customer orientation?
convincing a buyer to buy
researching a firm's competitors
finding out what a buyer wants
advertising the features of a product
4
One reason why human resources management is important to the success of a business is because
this process is responsible for staffing
this process is responsible for reducing comoensation
this process is responsible for creating jobs
this process is responsible for eliminating turnover
5
How frequently should the operations function, which consists mainly of activities be performed
monthly
daily
yearly
weekly
6
Which is a characteristic of human resources management?
working with people
scheduling the work
evaluating supervisors
developing leaders
7
Which would probably result if a business reduced its marketing costs?
increased cost of production
decreased need for customer contact with businesses
increased consumer awareness of goods and services
decreased variety of consumer goods
8
A type of business ownership in which one or more owners does
not
have full liability is called
general partnership
limited partnership
service organization
sole proprietorship
9
A manager who helps an employee count the money in a cash drawer and prepare a bank deposit is:
demonstrating natural talent
demonstrating technical skills
demonstrating aggressive behavior
demonstrating creativity
10
Which do managers often set in order to control the work effort?
hiring objectives
diversity quotas
expense budgets
job standards
11
Johns says his job include planning, organizing, and directing workers. His job
best
described
bookkeeper
manager
broker
cashier