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A business owner wants full control of decisions but is also responsible for all debts. What type of business is this?
A. Corporation
B. Partnership
C. Sole proprietorship
D. LLC
C. Sole proprietorship
Two friends start a business and share profits, responsibilities, and liabilities. What type of business did they form?
A. Corporation
B. Partnership
C. Nonprofit
D. LLC
B. Partnership
A company wants legal protection so owners are not personally responsible for debts, while still having flexible management. What should they choose?
A. Sole proprietorship
B. Partnership
C. LLC
D. Nonprofit
C. LLC
A company is evaluating its strong brand reputation and loyal customers. Which part of SWOT is this?
A. Weaknesses
B. Threats
C. Strengths
D. Opportunities
C. Strengths
A business notices increasing competition that could reduce profits. Which SWOT category is this?
A. Strength
B. Opportunity
C. Weakness
D. Threat
D. Threat
A company prepares backup systems and emergency contacts before a hurricane hits. What is this an example of?
A. Marketing plan
B. Disaster recovery plan
C. Recruitment strategy
D. SWOT analysis
B. Disaster recovery plan
A manager groups employees into teams to complete a project efficiently. Which management function is this?
A. Planning
B. Directing
C. Organizing
D. Controlling
C. Organizing
A supervisor checks if actual sales match expected goals and makes changes if needed. What function is being used?
A. Planning
B. Organizing
C. Directing
D. Controlling
D. Controlling
A company surveys customers to understand buying habits before launching a product. What is this process?
A. Promotion
B. Market research
C. Budgeting
D. Forecasting
B. Market research
A business designs a brochure with clear visuals, simple language, and strong branding. What is the goal?
A. Reduce costs
B. Improve communication and attract customers
C. Hire employees
D. Track inventory
B. Improve communication and attract customers
A manager gives helpful feedback to improve an employee’s performance. What is this called?
A. Recruitment
B. Performance evaluation
C. Marketing strategy
D. Budgeting
B. Performance evaluation
A company creates a 5-year plan to expand into new markets. What type of plan is this?
A. Tactical plan
B. Strategic plan
C. Emergency plan
D. Marketing plan
B. Strategic plan
An employee writes emails with proper grammar and clear wording. Why is this important?
A. Saves money
B. Creates a professional impression
C. Reduces workload
D. Avoids teamwork
B. Creates a professional impression
A cashier calculates a 20% discount for a customer. What skill is being used?
A. Reading
B. Writing
C. Math
D. Leadership
C. Math
A company ensures workers are not treated unfairly based on race or gender. Which organization enforces this?
A. OSHA
B. FTC
C. EEOC
D. IRS
C. EEOC
An employee is given 12 weeks unpaid leave for a medical issue. Which law applies?
A. OSHA
B. FMLA
C. UCC
D. FLSA
B. FMLA
A company ensures all workers are paid equally for the same job regardless of gender. Which law is this?
A. Civil Rights Act
B. Equal Pay Act
C. OSHA
D. FMLA
B. Equal Pay Act
A business installs fire alarms and conducts safety drills. What is the purpose?
A. Marketing
B. Risk management
C. Recruitment
D. Sales forecasting
B. Risk management
A manager assigns tasks to employees to reduce their own workload and help employees grow. What is this called?
A. Controlling
B. Delegation
C. Planning
D. Evaluating
B. Delegation
A leader motivates employees by listening to their ideas and showing respect. What leadership trait is this?
A. Ignoring feedback
B. Strong communication and empathy
C. Strict control
D. Reducing teamwork
B. Strong communication and empathy
A team works together to complete a project more efficiently than individuals working alone. What does this show?
A. Competition
B. Teamwork benefits
C. Weak leadership
D. Poor planning
B. Teamwork benefits
A company analyzes a problem by tracing back to its original cause. What method is this?
A. SWOT analysis
B. Root cause analysis
C. Marketing mix
D. Budget planning
B. Root cause analysis
A business buys insurance to protect against accidents and losses. What risk strategy is this?
A. Risk avoidance
B. Risk reduction
C. Risk transfer
D. Risk ignoring
C. Risk transfer
An employee lifts heavy boxes using proper posture to avoid injury. What is this an example of?
A. Marketing
B. Ergonomics and safety procedures
C. Budgeting
D. Leadership
B. Ergonomics and safety procedures
A business owner improves productivity while following all laws and regulations. What does this demonstrate?
A. Poor management
B. Effective HR and compliance
C. Lack of planning
D. Reduced profits
B. Effective HR and compliance