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Exam 2

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difficult Intro to Business Quiz on Exam 2, created by Brittany Santiago on 22/03/2016.
Brittany Santiago
Quiz by Brittany Santiago, updated more than 1 year ago
Brittany Santiago
Created by Brittany Santiago over 8 years ago
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Resource summary

Question 1

Question
The four functions of management are planning, leading, organizing, and controlling.
Answer
  • True
  • False

Question 2

Question
To achieve successful goals of management includes people, money, and time.
Answer
  • True
  • False

Question 3

Question
Managers who report to higher-level managers but are supervisors to lower-level managers are considered to be first-line managers.
Answer
  • True
  • False

Question 4

Question
Another name for first-line managers is supervisory.
Answer
  • True
  • False

Question 5

Question
Determining an organizational goal and action plan for achieving those goals is called organizing.
Answer
  • True
  • False

Question 6

Question
Monitoring performance and making adjustments as needed is the role of controlling.
Answer
  • True
  • False

Question 7

Question
Required skills for managers would include: (check all of the following)
Answer
  • Communication skills
  • Technical skills
  • Conceptual skills
  • Human skills
  • Operational skills
  • Organizational skills

Question 8

Question
The need to feel secure, free of harm, and free of fear is the need for safety.
Answer
  • True
  • False

Question 9

Question
List in order from easiest to fulfill to the most difficult to fulfill in Maslow's Needs.
Answer
  • physiological, social, esteem, safety, self-actualization
  • social, physiological, esteem, safety, self-actualization
  • Safety, physiological, esteem, social, self-actualization
  • physiological, safety, social, esteem, self-actualization

Question 10

Question
Establishes a vision for the company is the job of tactical planning.
Answer
  • True
  • False

Question 11

Question
The relationship among individual effort, individual performance, and individual reward is the equity theory.
Answer
  • True
  • False

Question 12

Question
For unexpected events, involving a range of scenarios and assumptions that differ from the assumptions behind the core plans are a part of Contingency Planning.
Answer
  • True
  • False

Question 13

Question
The SWOT analysis helps managers evaluate an organization by external strengths and weaknesses, and internal opportunities and threats.
Answer
  • True
  • False

Question 14

Question
Bringing specialists to different areas of the company to work on specific tasks or individual projects temporarily is called Line-and-Staff organization.
Answer
  • True
  • False

Question 15

Question
Set objectives for followers but give them freedom to do what they need to accomplish is called
Answer
  • democratic leaders
  • free-rein leaders
  • autocratic leaders

Question 16

Question
To encourage American firms to focus on quality improvement is ISO9000.
Answer
  • True
  • False

Question 17

Question
Funds a firm uses to acquire its assets and finance its operations is called?
Answer
  • Finance
  • Financial Capital
  • Risk-return Tradeoff
  • Financial Management

Question 18

Question
What are short-term financing sources? (Check all that apply)
Answer
  • Returned Investment
  • Commercial Paper
  • Factor
  • Capital Structure
  • Trade-Credit

Question 19

Question
Mix of equity and debt financing a firm's uses to meet its permanent financing needs is called Financial Leverage.
Answer
  • True
  • False

Question 20

Question
A budgeted income statement is a projection showing how a firm's budgeted [blank_start]sales[blank_end] and [blank_start]costs[blank_end] will affect expected net income.
Answer
  • sales
  • assests
  • owner's equity
  • costs

Question 21

Question
Ability of a firm to obtain the cash it needs to pay short-term debt
Answer
  • Asset management ratios
  • Leverage ratios
  • Profitability ratios
  • Liquidity ratios

Question 22

Question
Employees who do not expect normal, full-time hours are called contingent workers.
Answer
  • True
  • False

Question 23

Question
Verifies the financial statements of a firm, prepared by an external auditor are management reports
Answer
  • True
  • False

Question 24

Question
Protects creditors by preventing the borrower from pursuing policies that might undermine its ability to repay loans
Answer
  • Commercial paper
  • Covenants
  • Trade credit
  • Money Market Mutual Fund

Question 25

Question
Specific and measurable, realistic but challenging, tied to a time frame
Answer
  • Noise
  • Decentralization
  • Clear Standards
  • Task Significance

Question 26

Question
Examples of Fixed Position Layout
Answer
  • Drilling and cranes
  • Trucks and ports
  • Nike Outlet
  • Office

Question 27

Question
Telecommunting...
Answer
  • Reduces the number of employees
  • Benefits the fixed cost for company
  • Decreases cost savings for employees
  • Increases cost savings for employees

Question 28

Question
Protect employees from unfair treatment by employers
Answer
  • Employment Legislation
  • Human Resources
  • GAAP
  • Commision
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