Personal Finance
Which of the following is the lowest risk but LEAST diverse investment?
Stocks, Bonds, Mutual Funds, Real Estate
Bonds
This chart shows departments and the line of authority in a company
Organizational Chart
This is made up of product, price, place and promotion
The marketing mix (or the four Ps of marketing)
What type of handbook gives information about benefits, company rules, payroll and conditions of employment?
Policies and Procedures Handbook
These should be Specific, Measurable, Achievable, Realistic and Timely?
SMART Goals
Which of the following is the lowest risk but MOST diverse investment?
Stocks, Bonds, Mutual Funds, Real Estate
Mutual Funds
Which of the following types of organizational chart would show vice presidents report directly to the CEO?
Horizontal, Vertical, Functional or Matrix
Horizontal
Which is considered a service-based industry?
Grocery Store, Shoe Store, Auto Manufacturer, Hotel/Resort
Hotel/Resort
Which of the following steps in the hiring process is in the correct order?
1) Interview, post a job, orientation
2) Identify a need, post a job, interview
2) Identify a need, post a job, interview
What should happen prior to dismissing an employee?
Warning, Written Reprimand, Suspension
Name an advantage of using credit.
One advantage is having more purchasing power.
Which of the following management function will a company use to see if their goals have been met?
Planning, Organizing, Staffing, Directing, Leading, Controlling
Controlling
Name something that should be included in a marketing plan.
Any of the following: Target Market, Product, Price, Place and Promotion
Which is the best way to monitory employee performance?
1) Meet with the employee every day
2) Evaluate the employee's tasks every hour
3) Measure the employee's productivity
3) Measure the employee's productivity
What type of meeting is held so that new employees can learn company rules and meet their co-workers?
Employee Orientation
Name a disadvantage of having a low credit score and a poor credit history.
One disadvantage is difficulty in getting a loan.
Which of the following management function will a company use to define a plan of action for the organization?
Planning, Organizing, Staffing, Directing, Leading, Controlling
Planning
This term refers to the customers that you will focus on.
Target Market
Which agency determines laws to protect employees?
SEC, EPA, EEOC or FDIC
EEOC
If the unit price of the product you sell increases, will net income increase or decrease?
Net income will decrease
What type of investment represents ownership in a company?
Stock
Which management level handles daily operations of the company?
Executive, Top, Middle, Supervisory
Supervisory
This term refers to a company competing for market share and setting themselves apart from their competition.
Operational Model, Competitive Advantage, or Cost-Leadership Strategy
Competitive Advantage
This describes the general tasks and qualifications needed for a job.
Job Description
Which goal is written as a SMART goal?
1) I will research scholarships online and fill out five applications in December
2) I will enroll in the business program at ASU by Fall of 2022
2) I will enroll in the business program at ASU by Fall of 2022