Title 1
Samantha is planning to start a clothing business with her best friend. They want to share decision-making, profits, and responsibilities equally. Which type of business structure should they choose?
A) Corporation
B) Sole Proprietorship
C) Partnership
D) Nonprofit Organization
C) Partnership
A tornado has caused severe damage to a company’s main office. Which planning tool would have best prepared the company to minimize downtime and restore services quickly?
A) SWOT Analysis
B) Disaster Recovery Plan
C) Marketing Plan
D) Sales Forecast
B) Disaster Recovery Plan
Maria wants to design a brochure to promote her new bakery. Which of the following should she focus on to make the brochure effective?
A) Use only text, no images
B) Make it colorful and include the bakery’s unique features
C) List only the bakery’s address
D) Add complicated vocabulary and long paragraphs
B) Make it colorful and include the bakery’s unique features
A company that makes profits, but must reinvest all earnings back into the organization for charitable purposes, is most likely a:
A) Sole proprietorship
B) Partnership
C) Nonprofit corporation
D) Limited liability company
C) Nonprofit corporation
John is reviewing his company's performance and notices high employee turnover and a lack of cash flow. When using a SWOT analysis, how should he categorize these issues?
A) Strengths
B) Weaknesses
C) Opportunities
D) Threats
B) Weaknesses
During a business meeting, the manager asks the team to brainstorm ways to attract more customers. This process is an example of:
A) Directing
B) Organizing
C) Controlling
D) Planning
D) Planning
Which of the following is NOT a function of personnel management?
A) Manpower planning
B) Recruitment
C) Product development
D) Training and development
C) Product development
Jessica wants to make sure her new product is priced competitively. She researches the prices of similar products in the market. Which of the 5 P’s of marketing is she focusing on?
A) Product
B) Place
C) Price
D) Promotion
C) Price
A manager gives regular feedback to employees, pointing out strengths and suggesting improvements. This is an example of:
A) Performance evaluation
B) Disaster recovery
C) Market research
D) Product development
A) Performance evaluation
Which situation would be considered wrongful termination?
A) An employee is fired for being late every day
B) An employee is laid off due to company downsizing
C) An employee is terminated for reporting unsafe work conditions
D) An employee resigns voluntarily
C) An employee is terminated for reporting unsafe work conditions
Michael works at a retail store where he helps count inventory, calculate discounts, and measure shelf space. Which academic foundation skill is he using?
A) Reading
B) Writing
C) Mathematics
D) Economics
C) Mathematics
A company has a CEO, CFO, and several department managers. This describes:
A) A flat organization
B) A sole proprietorship
C) A typical business hierarchy
D) A nonprofit structure
C) A typical business hierarchy
Which law ensures that employees are paid the same wage for the same work, regardless of gender?
A) The Fair Labor Standards Act
B) The Equal Pay Act
C) The Family Medical Leave Act
D) The Pregnancy Discrimination Act
B) The Equal Pay Act
If a business owner wants to protect themselves from losses caused by employee theft, which type of insurance should they purchase?
A) Product liability insurance
B) Fidelity bond
C) Casualty insurance
D) Workers’ compensation insurance
B) Fidelity bond
Which government agency enforces workplace safety and health standards?
A) IRS
B) FDA
C) OSHA
D) EEOC
C) OSHA
A manager delegates the task of preparing a monthly sales report to a team member. What is one benefit of delegation in this situation?
A) The manager will lose control
B) The employee will feel less important
C) The team member can develop new skills
D) The manager avoids responsibility
C) The team member can develop new skills
A business uses spreadsheet software to summarize monthly sales and create charts showing performance trends. Which software feature is most useful for this purpose?
A) Spellcheck
B) Chart and graph creation
C) Mail merge
D) Animation tools
B) Chart and graph creation
Which scenario best demonstrates effective teamwork?
A) One person completes the entire project alone
B) A team divides up tasks based on each person’s strengths and helps new members learn their roles
C) Team members avoid sharing information
D) The manager does all the work
B) A team divides up tasks based on each person’s strengths and helps new members learn their roles
A new employee is taught how to lift heavy boxes safely and shown the location of the emergency exits. This is an example of:
A) Performance evaluation
B) Environmental health and safety training
C) Marketing strategy
D) Financial planning
B) Environmental health and safety training
If a business is considering expanding into a new market, what tool should they use to analyze their strengths, weaknesses, opportunities, and threats?
A) Disaster recovery plan
B) SWOT analysis
C) Marketing plan
D) Sales forecast
B) SWOT analysis
Which of the following is an example of a workplace emergency?
A) A planned company picnic
B) A fire in the warehouse
C) A routine staff meeting
D) Scheduled equipment maintenance
B) A fire in the warehouse
A business owner wants to avoid price discrimination and follow the law. Which act should they be aware of?
A) Clayton Act
B) Family Medical Leave Act
C) Americans with Disabilities Act
D) Occupational Safety and Health Act
A) Clayton Act
A manager wants employees to feel valued and motivated. Which leadership trait is most likely to increase employee motivation?
A) Avoiding communication
B) Acting with integrity
C) Ignoring employee concerns
D) Focusing only on profits
B) Acting with integrity
A company requires all employees to participate in regular fire drills and keeps emergency exits clear. What is the main purpose of these actions?
A) To increase sales
B) To comply with marketing standards
C) To ensure workplace safety
D) To reduce product costs
C) To ensure workplace safety
A sales team notices their monthly sales have dropped unexpectedly. Their manager encourages them to collect data, analyze patterns, and consider different reasons for the decline before deciding on a solution. Which skill is the manager asking the team to use?
A) Problem solving and critical thinking
B) Product promotion
C) Inventory management
D) Customer service
A) Problem solving and critical thinking