Unit 2
When a business keeps a risk because management is unaware of it, the business is __________ the risk.
Retaining
What business activity involves providing information to make decisions about how to obtain funds to operate?
Financial Analysis
Some job application forms ask why the applicant left a previous job. Which of the following would be an acceptable answer to this question?
"I was seeking a more responsible job."
A gap between unlimited wants and limited resources creates
Scarcity
What is an example of a on-boarding activity?
Orientation
Sharing equipment with your coworkers is an example of what type of behavior that builds positive working relationships?
Being cooperative
The actual price that prevails in a market at any particular moment is the
Why should managers know how to do the work of the workers they supervise?
So then the work they give out is realistic
Why are unions a powerful force in business?
They organize workers into a single bargaining unit and increase their bargaining power.
The amount of money paid for raw materials and products sold is called
Cost of Goods
Which of the following is a true statement regarding information management?
There is no direct "right way" to do it
Which of the following is a skill that coaches need to master to be effective?
Communication
In business terms, what is profit?
A monetary reward
Which business activities has the most long-term impact on production?
Marketing
Rhonda would like to develop her desirable personal traits so she can be more successful at work. What is the first step she needs to take?
Determine which traits are desirable.