2.01
2.02
2.03
2.04
2.05
100
Todd decided to form a corporation instead of a sole proprietorship because of which ADVANTAGE listed below? A Limited liability B Ease of formation C Single taxation D Limited life
Limited liability
100
Jan coordinated access to open source software, office space, and equipment for her team. This is an example of which function of management? A Implementing B Organizing C Planning D Staffing
Organizing
100
Which is an example of production planning for resources? A Determining how many more security cameras are needed B Determining how many stores will sell the new product C Remodeling a building in order to manufacture a new product D Recruiting managers to sell a new product
Remodeling a building in order to manufacture a new product
100
Overstock.com sells products to thousands of customers with few geographic limitations. This is an example of what type of technology application? A Artificial intelligence B Computer-aided design C E-commerce D Telecommuting
E-commerce
100
John made sure all counter surfaces in the bathrooms were only 34 inches above the floor to accommodate employees. Which protection is he addressing? A Contract enforcement B Environmental protection C Intellectual property protection D Safe work environment
Safe work environment
200
Both Bob and Jeri contributed to the expansion of their business to sell more brands of tires. They both experienced which ADVANTAGE of a partnership over a sole proprietorship? A Limited liability B Limited life C More capital available D Unlimited capital
More capital available
200
Vera accepts input from her employees annually about the upcoming budget. This is an example of which style of leadership? A Autocratic B Democratic C Laissez-fare D Objective
Democratic
200
The Valero Company removes oil from the earth to be advanced. What type of production is performed? A Extraction and cultivation B Manufacturing C Mass production D Processing
Extraction and cultivation
200
Lena trained several employees on how to process financial statements using the new software. These employees use to process reports manually for almost seven years. This is an example of what type of concern for using technology? A Employment trends B Computer crime C Health D Privacy
Employment trends
200
John denied a rival band from performing his song at a local concert. He is protected by which government service? A Contract enforcement B Environmental protection C Intellectual property protection D Safe work environment
Intellectual property protection
300
Even though a company may sell shares of stock, it relies on a central body of people for financial directions. This is an example of what type of business? A Cooperative B Corporation C Partnership D Sole proprietorship
Corporation
300
All of Josh's employees will be trained on operating the new machines. This is an example of which function of management? A Controlling B Implementing C Organizing D Staffing
Staffing
300
Employees of Bella Coola Fisheries catch fresh salmon and prepare it to be sold to domestic and international buyers. What type of production is performed? A Extraction and cultivation B Manufacturing C Mass production D Processing
Extraction and cultivation
300
Using the Internet and online communication, Shari presented a new product to potential customers in Peru, Costa Rica, and New York. This is an example of what type of technology application? A Artificial intelligence B Computer-aided design C E-commerce D Robotics
E-commerce
300
After complaining at the customer service department, John received a favorable response. Which consumer right did he evoke? A To service B To be honest C To be active D To safety
To service
400
Carlos ignores minor decisions in his business even though his name is on the sign as one of the owners. This is an example of what type of business ownership? A Corporation B Franchise C Partnership D Sole propriertorship
Partnership
400
Vera meets regularly to discuss with all her employees new marketing campaigns. This is an example of which style of leadership? A Autocratic B Democratic C Laissez-fare D Objective
Democratic
400
Hanes upgrades production routinely to produce thousands of items daily. Which type of manufacturing procedure will Hanes perform to keep up with production? A Custom manufacturing B Extraction C Mass production D Materials processing
Mass production
400
Jose installs automated systems that will assist customers with opening bank accounts. This is an example of what type of technology application? A Artificial intelligence B Computer-aided design C E-commerce D Telecommuting
Artificial intelligence
400
An agency allots 3% of its $40,000 budget to sponsor workshops for managers about the importance of job safety. What amount of its budget is used for the workshops? A $12.00 B $120.00 C $400.00 D $1,200.00
$1,200.00
500
Chun purchased 150 shares of stock in the Panasonic Company. How many votes will she have at the next stockholder’s meeting? A 3 B 30 C 150 D 300
150
500
Harry checks his electronic calendar for tasks assigned by his boss regularly. He very seldom sees his boss. This is an example of which style of leadership? A Autocratic B Democratic C Laissez-fare D Objective
Laissez-fare
500
Draperies, Inc. finished organic cotton drapes for the local theater on Walnut Street. Which type of manufacturing procedure was performed? A Custom manufacturing B Extraction C Mass production D Materials processing
Custom manufacturing
500
Sheetz Convenience Stores have a touchscreen ordering system that helps customers with ordering food and beverages. This is an example of what type of technology application? A Artificial intelligence B Computer-aided design C Expert systems D Telecommuting
Expert systems
500
Several sales representatives suggested that their staff reflect their customer base, which includes customers all over America. Which social responsibility are they addressing? A Employee wellness B Environmental protection C Job safety D Workplace diversity
Workplace diversity
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