Tammie is organizing a car wash to raise money for her school club. She has asked several of her friends to help and her advisor to chaperone the event. Which management function is she MAINLY working on?
What is staffing
100
An advantage of starting a business as a sole proprietorship
What is few legal requirements, own control, keep all profits, easy to form
100
Watching customers to see which product they choose is an example of this type of marketing research:
What is observation
100
Name a category of information found on the Balance Sheet
What is assets, liabilities, or owner's equity
100
Marketing function that involves setting and communicating the value of products and services
What is pricing
200
The management level of a company’s CEO
What is top management
200
A common reason that a new business might fail
What is poor location, lack of experience, not enough start-up money
200
The direction for a business comes from its. . .
What is mission statement
200
Bob works for the Acme Company for $8.00 per hour and receives 1.5 times his hourly rate for overtime. His overtime rate of pay is:
What is $12.00 per hour
200
Buying a certain automobile because it gets the best gas mileage and has been rated a cost-effective purchase by a leading consumer magazine is an example of:
What is rational buying motive
300
Bob's boss tells him exactly what to do each day at work. Which type of management style is this?
What is tactical management
300
From the video clip that we watched, ideas to start a business can come from
What is informational interviews, job shadowing, or hobbies and interests
300
A hairdresser's client does not show up for her appointment -- which characteristic of a service would this be considered?
What is perishable
300
If Bob works 44 hours in one week, what are his gross earnings?
What is $368.00
300
Thirty percent (30%) of all promotional dollars are spent on this type of media
What is newspapers
400
An example of non-verbal communication
What is body language, physical appearance, or use of time & space
400
A disadvantage of an online business
What is getting to know your customer
400
The business idea, location and the business’s mission statement are discussed in this section of a business plan.
What is the executive summary
400
Name two mandatory payroll deductions
What is federal income tax, state income tax, social security tax, medicare tax
400
Name two parts of the marketing mix
What are product, price, distribution, promotion
500
A manager who knows each employee’s strengths and weaknesses is demonstrating which human relations trait?
What is understanding others
500
A reason that small businesses are important to our economy
What is create more than 50% of new jobs, produce a large number of goods and services, responsible for 50% of the US gross domestic product
500
Which of the following is not considered a step in marketing research
a. develop a data collection procedure
b. gather and analyze information
c. study the information
d. make improvements to a product
What is make improvements to a product
500
A company’s sales and profits for a specific period are listed on which financial statement?
What is Income Statement
500
Non-paid promotion presented by the media rather than by a business