Intro to Business(5)
Help!
|
|
||||
|---|---|---|---|---|---|
| The main objective of business is to hire and train employees. | False
🗑
|
||||
| Non-for-profit organizations are considered businesses. | False
🗑
|
||||
| A majority of businesses are large Fortune 500 companies. | False
🗑
|
||||
| Non-for-profit organizations are a large part of our economy. | True
🗑
|
||||
| The four factors of production are human resources, capital, accounting, and entrepreneurship. | False
🗑
|
||||
| The four basic rights of an enterprise system are private property, competition, profits, and freedom of choice. | True
🗑
|
||||
| 37% of all businesses are owned by individuals with a high school education or less. | False
🗑
|
||||
| One of the six eras' in the history of US business is the "Production" era? | True
🗑
|
||||
| During the "Relationship" era companies focused on mass production? | False
🗑
|
||||
| Our nations' population is aging. | True
🗑
|
||||
| The aging of the US's population is creating a surplus of workers? | False
🗑
|
||||
| One of the pros of diversity is better working conditions and hours? | False
🗑
|
||||
| Outsourcing is the removal of services to a local, low cost source? | False
🗑
|
||||
| Off shoring is the removal of business processes to lower cost locations over seas. | True
🗑
|
||||
| Apple's product offering makes it an admired company. | True
🗑
|
||||
| The ability to make profits can make a company more admired? | True
🗑
|
||||
| Absolute advantage means a country can produce at a lower cost than any other competitor? | True
🗑
|
||||
| A tariff is meant to protect the importer from unfair foreign competition. | False
🗑
|
||||
| Franchising is starting a business from scratch with no former establishment in place. | False
🗑
|
||||
| The franchisee is the purchaser of the franchise. | True
🗑
|
||||
| Risk-takers have a propensity towards entrepreneurship. | True
🗑
|
||||
| Virtually all businesses today have websites. | True
🗑
|
||||
| Marketing and employee websites are basically the same thing. | False
🗑
|
||||
| The 3 skills needed by managers are technical, tools, and knowledge. | True
🗑
|
||||
| The "Fair Labor Standards Act of 1939" legalized collective bargaining. | False
🗑
|
||||
| Managers must oversee the work of people and machinery in order to convert inputs into finished goods and services. | True
🗑
|
||||
| Test marketing is a phase of the process for developing new goods and services. | True
🗑
|
||||
| Banks are regulated by state governments only. | False
🗑
|
||||
| An asset is anything of value owned or leased by a business. | True
🗑
|
||||
| List the 3 factors involved in a plant location decision. | Transportation, human and physical factors.
🗑
|
||||
| List the factors of production. | Natural resources, capital, human resources, and entrepreneurship.
🗑
|
||||
| List four types of capital. | Technology, tools, information, and physical facilities.
🗑
|
||||
| What is the alternative term for "private enterprise system"? | Capitalism
🗑
|
||||
| What is the role of the Securities and Exchange Commission? | To investigate suspicions of unethical or illegal behavior by publicly traded firms.
🗑
|
||||
| List the types of major economic systems. | Private enterprise systems, planned economy, and mixed-market economy.
🗑
|
||||
| Identify the 4 stages of a business cycle. | Prosperity, recession, depression, and recovery.
🗑
|
||||
| America's population is... | Aging.
🗑
|
||||
| List the forms of private business ownership and how many owners are involved with each. | Sole proprietorship - 1 owner, partnership - 2+ owners, corporation - unlimited number of owners.
🗑
|
||||
| What are the levels of management in a corporation? | Stockholders, border directors, top management, middle management, and supervisory management.
🗑
|
||||
| List the top 3 countries with entrepreneurial activity? | Peru, Uganda, and Ecuador.
🗑
|
||||
| What are the 4 types of entrepreneurs? | Classic, serial, intrapreneuers, and change agents.
🗑
|
||||
| What does B2B mean? | Business-to-business transactions.
🗑
|
||||
| Conducting business over the internet is... | eBusiness.
🗑
|
||||
| List the 4 managerial functions. | Planning, organizing, directing, and controlling.
🗑
|
||||
| What are the 4 types of planning? | Strategic, tactical, operational, and contingency.
🗑
|
||||
| There are 4 forms of incentive compensation, they are profit-sharing, gain-sharing, _______________, and ________________. | Lump-sum bonus, pay for knowledge.
🗑
|
||||
| What are the 2 types of employee separation? | Voluntary and involuntary.
🗑
|
||||
| Maslow's theory of needs states that we need to satisfy five levels of needs, they are? | Physiological, safety, esteem, self-actulization.
🗑
|
||||
| What types of organizations use a compressed work week? | Police, fireman, hospitals, factories, and airlines.
🗑
|
||||
| The "intimate zone" of communication is less than _______? | 18 inches
🗑
|
||||
| The 4 stages of team building are? | Storming, norming, forming, and performing.
🗑
|
||||
| The 4 facility layout types are? | Process, product, fixed position, and customer oriented.
🗑
|
||||
| Identify the 5 major categories of non-traditional marketing. | Person, place, event, cause, and organization marketing.
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
j.walters
Popular Business sets