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?
What is Corporation
100
Several small businesses that sell organic foods have
joined together to increase their chances to pay lower
prices for inventory. This is an example of what type
of business?
What is Cooperative
100
Todd decided to form a corporation instead of a sole
proprietorship because of which ADVANTAGE
listed below?
What is Limited liability
100
Jack and Henry are responsible for 20 people, who
report to them directly. They collaborate frequently
to make sure they will meet the production goal of
the company established by another employee. This
is an example of which level of management?
What is Supervisors
100
Keisha allowed her employees to plan the expansion
project. This is an example of which style of
management?
What is Strategic
200
Since Jane’s corporation has become so popular, she
has decided to allow other businesses to sell her
products. This is an example of what type of
business?
What is Franchise
200
Tami opened an auto body shop after repairing a
couple of cars to the high satisfaction of customers.
She has experienced which ADVANTAGE over a
corporation?
What is Ease of formation
200
Mary owns stock for several companies, which she
plans to pass ownership to her grandchildren. She
chose this form of ownership over sole
proprietorship because of the ADVANTAGE of:
What is potential of unlimited life.
200
John is responsible for processing applications
submitted by applicants. He is performing which
level of management?
What is Mid-management
200
Vera meets regularly to discuss with all her
employees new marketing campaigns. This is an
example of which style of leadership?
What is Democratic
300
Chun purchased 150 shares of stock in the Panasonic
Company. How many votes will she have at the next
stockholder’s meeting?
What is 150
300
Tami wants to invest money in shares of stock. She
would have to pay taxes on her earnings twice. Which
is an ADVANTAGE of a sole proprietorship over a
corporation?
What is Single taxation
300
Jan coordinated access to open source software,
office space, and equipment for her team. This is an
example of which function of management?
What is Organizing
300
Tim approves for his employees to attend regional
meetings so that he knows exactly when they are off
site. This is an example of which style of
management?
What is Tactical
300
Vera accepts input from her employees annually
about the upcoming budget. This is an example of
which style of leadership?
What is Democratic
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?
What is Partnership
400
Tami prefers working alone in her auto body shop
and being in control of the daily activities. This type
of business ownership ADVANTAGE over
corporation is:
What is control of decisions
400
Michelle reviewed survey results of a completed
project and set goals for the new project. This is an
example of which function of management?
What is Planning
400
Jim solicited feedback from Jack, who is one of his
employees, about a new display case. This is an
example of which style of management?
What is Strategic
400
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?
What is Laissez-fare
500
Hank has ownership, even without liability over his
initial investment, along with George for a local
business. This is an example of what type of business
ownership?
What is Partnership
500
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?
What is More capital available
500
All of Josh's employees will be trained on operating
the new machines. This is an example of which
function of management?
What is Staffing
500
Jason decided for long-term projects that he would
allow employees to give input and for daily routines
he would determine the necessary duties. This is an
example of which style of management?
What is Mixed
500
Timmy regularly meets with employees to prepare
them for job evaluation conferences. Which human
resources manager activity is he performing?