Analyzing Business

Question 1

What form of business is this?

Accepted Answer

Oligopoly

Question 2

All the resources are part of the organization management except:

Accepted Answer

Environmental

Question 3

Jolene finally opened her own unique dance studio. She takes pride in it as it grown. Met need:

Accepted Answer

Self Actualization

Question 4

Which is not a process management quality control

Accepted Answer

Pert

Question 5

How many people do you need working together to be considered an organization?

Accepted Answer

2 or more

Question 6

What type of planning would you use for daily planning?

Accepted Answer

Operational Planning

Question 7

In the past 17 years, small businesses generated:

Accepted Answer

over half of new jobs

Question 8

What form of business is this?

Accepted Answer

Monopolistic Competition

Question 9

Form by major FUNCTION, PRODUCT AND LOCATION, hybrid or matrix

Accepted Answer

Departmentalization

Question 10

Which would include: someone will listen and take action when a customer complains

Accepted Answer

The Right to be Heard

Question 11

The four main stages of Group Development are in this order

Accepted Answer

Forming, Storming, Norming, Preforming

Question 12

Approximately how many businesses are there in the United States

Accepted Answer

27.5 million

Question 13

What are the three factors that affect ethical behavior?

Accepted Answer

opportunity, individual, social

Question 14

All businesses require:

Accepted Answer

Filing tax returns with the IRS

Question 15

What is a key difference in an S-Corp from a C-Corp

Accepted Answer

No foreign investment

Question 16

Which form of business can be double taxed?

Accepted Answer

Corporation

Question 17

The leadership style where the manager presents a decision and invites questions

Accepted Answer

Autocratic

Question 18

Tendency that individuals to put forth less effort when they work in groups than when alone

Accepted Answer

Social Loafing

Question 19

The Equal Pay Act of 1963 keeps businesses from paying different wages between:

Accepted Answer

Men and Women

Question 20

It can take just a few days and less than a couple hundred dollars to start a business

Accepted Answer

Culture of entrepreneurship

Question 21

Statistically, over 70% of new businesses can be expected to fail within their first 10 years

Accepted Answer

True

Question 22

The ability to act decisively and be a leader in a business relates to what characteristic

Accepted Answer

Confidence

Question 23

Shares of ownership of a corporation is also called:

Accepted Answer

Stock

Question 24

What is the first step in the Four Functions of Management Process

Accepted Answer

Planning

Question 25

Management systematically works to concentrate authority at the UPPER levels of an organization

Accepted Answer

Centralized

Question 26

Tall or Flat Organizational Structure

Accepted Answer

Flat

Question 27

Which is not a type of partnership?

Accepted Answer

LLC's

Question 28

Title VII of the Civil Rights Act addresses discrimination based on all of the following EXCEPT

Accepted Answer

Age

Question 29

With regard to taxation of partnerships, which is true?

Accepted Answer

Partners are taxed in the same way as sole proprietor

Question 30

An incorporated company is a ___ corp in state of incorporation and a ___ corp in other states

Accepted Answer

domestic, foreign

Question 31

Who works for an organization but engages in innovation and takes on greater responsibility

Accepted Answer

Intrapreneurship

Question 32

Manager presents 'tentative' decision, but subject to change based on input from subordinates

Accepted Answer

Participative

Question 33

Which is considered a characteristic of entrepreneurs?

Accepted Answer

Vision, Action Oriented, Tolerance of uncertainty, High Energy

Question 34

In SWOT Analysis, strengths and weaknesses analyze the internal environment and are:

Accepted Answer

controllable

Question 35

Herzberg's Two Factor Theory. Motivation factors= job satisfaction. All qualify except:

Accepted Answer

Relationships

Question 36

Which type of planning is the "What IF" that addresses possible downsides and upsides

Accepted Answer

Contingency

Question 37

Establishes a minimum wage & overtime pay rate for employees working more than 40 hours a week?

Accepted Answer

Fair Labor Standards Act

Question 38

Which leadership style gives employees strict guidelines to follow from the manager or owner?

Accepted Answer

Autocratic

Question 39

Helen determines the nature of positions in her law firm. Which function of HR is this?

Accepted Answer

Job Analysis

Question 40

Which reinforcement is employed most often? (Be able to say why)

Accepted Answer

Positive Reinforcement

Question 41

Tim owns a McDonald’s franchise that is struggling. Where does he go for advice and guidance?

Accepted Answer

Franchisor

Question 42

Who retains a great deal of control over the brand name, product, and service

Accepted Answer

Franchisor

Question 43

SWOT Analysis: Which of the following would least likely be classified as a threat to Chipotle?

Accepted Answer

Salmonella outbreak at one of their stores

Question 44

Which of the following would be considered a technical innovation from small business

Accepted Answer

Insulin

Question 45

A franchisee supplies:

Accepted Answer

Labor and capital, owns and operates the outlet

Question 46

In the Herzberg's Two Factor Theory, a pay raise is considered what?

Accepted Answer

Hygiene

Question 47

Distribution of Responsibility and Authority within an organization

Accepted Answer

Delegation

Question 48

A pattern of faulty and biased decision making that occurs in groups.

Accepted Answer

Group Think

Question 49

What does SCORE stand for?

Accepted Answer

Service Corps of Retired Executives

Question 50

All activities that help create goods is defined as:

Accepted Answer

Production Management

Question 51

Which forms of stock has voting rights?

Accepted Answer

Common

Question 52

What form of business is this?

Accepted Answer

Oligopoly

Question 53

S-Corporations can have how many members?

Accepted Answer

No more than 100

Question 54

What form of business is this?

Accepted Answer

Monopoly

Analyzing Business

Questions 54

Analyzing Business

Questions 54