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CAB Exam Review #5 Flashcards | StudBud
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CAB Exam Review #5
CAB Exam Review #5
15 terms
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StudBud Administration
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30 plays
#business
Flashcards
15 cards
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Questions
15
Answers
1
Ocean Spray, owned/operated by cranberry growers, is an example of this type of organization
Nonprofit Organization
Corporation
Limited Partnership
Cooperative
2
Unemployment statistics are an important indicator of economic activity.
True
False
3
A corporation is controlled by this:
Small Business Administration
Stocks
Corporate License
Board of Directors
4
Which level of management includes supervision, office managers, and crew leaders?
Middle Managers
Top-Level Managers
Operational Managers
Functional Managers
5
What is it called when managers at the top of the line are in charge of those beneath them?
Organizational Plan
Management Plan
Line Authority
Departmentalization
6
Which is required to be a confident leader?
Decisiveness
A High IQ
Athletic Ability
Charisma
7
Which of the following describes work groups that supervise themselves?
Democratic
Free-Rein
Self-Managed Teams
Autocratic
8
Inflation reduces the purchasing power of money.
True`
False
9
The American Red Cross is an example of which type of business?
Partnership
Sole Proprietorship
Nonprofit Organization
Franchise
10
Which of the following is a license to run a corporation?
Corporate Charter
Corporation License
Shares of Stock
Partnership Agreement
11
What is lacking if someone is a good manager, but not a good leader?
Organizational Skills
Vision
A Take-Charge Attitude
Ability to Give Orders
12
How old is the oldest dog?
31
27
24
29
13
Which is not a level of management?
Under-Managers
Middle Managers
Top-Level Managers
Operational Managers
14
Natural resources become factors of production when we use them to produce goods.
True
False
15
The internet is a good arena for entrepreneurs to sell products and services.
True
False
