Foster is a social media manager, and responds to the company's Twitter feed. Why does this require business skills?

Every response needs to line up with the company image and goals.

Denzil is good a math and likes working as a part of a team. Would financial analyst be a good job for him?

Yes, it would use his skills well.

Felix can't go to college, but he would like to open a restaurant one day. What should Felix do to build skills?

Find a restaurant that has a management training program.

Eva would like to be an accountant. Will she likely find a career with a large company?

Maybe, but small businesses require their services too.

Under what circumstance might a business hire a financial analyst?

A regional chain is trying to decide whether or not to go national.

The median wage for a business career is $67,710 annually. What does this mean?

1/2 of those who work in business make less than this amount and half more.

Ali is an actuary with a national insurance company. How will information he provides help his company succeed?

He determines risk involved when providing insurance.

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BUS 101-2 Unit 8

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Questions 15

Answers

1
Being an entrepreneur is often a combination of experience and passion.
TRUE
FALSE
2
Foster is a social media manager, and responds to the company's Twitter feed. Why does this require business skills?
Every response needs to line up with the company image and goals.
Social media platforms often change so managing accounts takes flexibility.
Most businesses are on social media in order to reach customers.
It does not since it just requires being online.
3
A background in business lets you works as a college admissions rep. What other career would would take similar skills?
kindergarten teacher
human resources professional
financial analyst
social media manager
4
Denzil is good a math and likes working as a part of a team. Would financial analyst be a good job for him?
Yes, any career in business would be good.
No, it requires a lot of leadership.
Yes, it would use his skills well.
No, it does not require much math.
5
What might an attorney that primarily deals with business specialize in?
setting prices for services
cases that deal with contracts
handling criminal cases
managing employee benefits
6
Yu Yan is finishing her college degree in finance. What kind of career path would require her to get an MBA?
a career in management
an entry-level position
a position in sales
a licensed accountant
7
Felix can't go to college, but he would like to open a restaurant one day. What should Felix do to build skills?
Assume that he will needs someone with formal education to be his partner.
Reconsider his career options and find one that does not require education.
Take a job working remotely to build computer skills.
Find a restaurant that has a management training program.
8
Math is the most important skill in almost all business careers.
TRUE
FALSE
9
Teamwork is an important part of global marketing.
FALSE
TRUE
10
Eva would like to be an accountant. Will she likely find a career with a large company?
No, most accountants are self-employed.
Maybe, but small businesses require their services too.
Hard to say since accountants have limited career opportunities.
Yes, only very large companies keep accountants on staff.
11
Lena is trying to get a job in social media. What kind of skills could she acquire to help her land her dream job?
retail sales and accounting
design and culinary arts
programming and marketing
writing and data analytics
12
Under what circumstance might a business hire a financial analyst?
A business wants to ensure that it is hiring the most qualified employees.
A regional chain is trying to decide whether or not to go national.
A business wants to monitor its income and expense more accurately.
A company wants to streamline its internal manufacturing processes.
13
The median wage for a business career is $67,710 annually. What does this mean?
It is average salary of those who work in business.
This is the salary that those who work in business will start out making.
Everyone that goes into business is guaranteed to make that amount.
1/2 of those who work in business make less than this amount and half more.
14
Imagining that a potential employer will see all of your social media posts is a good idea.
FALSE
TRUE
15
Ali is an actuary with a national insurance company. How will information he provides help his company succeed?
He determines risk involved when providing insurance.
He keeps track of the daily financial transactions.
He validates the insurance claims filed by customers.
He makes sure the company is running at a profit.

BUS 101-2 Unit 8 Flashcards | StudBud