Unit 2.00 Element VOCAT Questions 1-25

Questions#1-5

100

3. Chun purchased 150 shares of stock in the Panasonic Company. How many votes will she have at the next stockholder’s meeting? A. 3 B. 30 C. 150 D. 300

C. 150

200

5. Hank has ownership, even without liability over his initial investment, along with George for a local business. This is an example of what type of business ownership? A. Cooperative B. Corporation C. Partnership D. Sole proprietorship

C. Partnership

300

1. Even though a company may sell shares of stock, it relies on a central body of people for financial directions. This is an example of what type of business? A. Cooperative B. Corporation C. Partnership D. Sole proprietorship

B. Corporation

400

2. Since Jane’s corporation has become so popular, she has decided to allow other businesses to sell her products. This is an example of what type of business? A. Corporation B. Franchise C. Partnership D. Sole proprietorship

B. Franchise

500

4. Carlos ignores minor decisions in his business even though his name is on the sign as one of the owners. This is an example of what type of business ownership? A. Corporation B. Franchise C. Partnership D. Sole propriertorship

C. Partnership

Questions#6-10

100

7. Tami opened an auto body shop after repairing a couple of cars to the high satisfaction of customers. She has experienced which ADVANTAGE over a corporation? A. Double taxation B. Ease of formation C. Limited capital D. Unlimited liability

B. Ease of formation

200

10. Both Bob and Jeri contributed to the expansion of their business to sell more brands of tires. They both experienced which ADVANTAGE of a partnership over a sole proprietorship? A. Limited liability B. Limited life C. More capital available D. Unlimited capital

C. More capital available

300

9. Tami prefers working alone in her auto body shop and being in control of the daily activities. This type of business ownership ADVANTAGE over corporation is: A. control of decisions. B. limited capital. C. limited life. D. unlimited liability.

A. control of decisions.

400

8. Tami wants to invest money in shares of stock. She would have to pay taxes on her earnings twice. Which is an ADVANTAGE of a sole proprietorship over a corporation? A. Limited capital B. Limited life C. Single taxation D. Unlimited liability

C. Single taxation

500

6. Several small businesses that sell organic foods have joined together to increase their chances to pay lower prices for inventory. This is an example of what type of business? A. Cooperative B. Corporation C. Franchise D. Sole proprietorship

A. Cooperative

Questions#11-15

100

15. All of Josh's employees will be trained on operating the new machines. This is an example of which function of management? A. Controlling B. Implementing C. Organizing D. Staffing

D. Staffing

200

13. Jan coordinated access to open source software, office space, and equipment for her team. This is an example of which function of management? A. Implementing B. Organizing C. Planning D. Staffing

B. Organizing

300

14. Michelle reviewed survey results of a completed project and set goals for the new project. This is an example of which function of management? A. Controlling B. Organizing C. Planning D. Staffing

C. Planning

400

11. Todd decided to form a corporation instead of a sole proprietorship because of which ADVANTAGE listed below? A. Limited liability B. Ease of formation C. Single taxation D. Limited life

A. Limited liability

500

12. Mary owns stock for several companies, which she plans to pass ownership to her grandchildren. She chose this form of ownership over sole proprietorship because of the ADVANTAGE of: A. limited capital. B. potential of unlimited liability. C. potential of unlimited life. D. single taxation.

C. potential of unlimited life.

Questions#16-20

100

17. John is responsible for processing applications submitted by applicants. He is performing which level of management? A. Management by others B. Mid-management C. Supervisors D. Top management

B. Mid-management

200

16. Jack and Henry are responsible for 20 people, who report to them directly. They collaborate frequently to make sure they will meet the production goal of the company established by another employee. This is an example of which level of management? A. Management by others B. Mid-management C. Supervisors D. Top management

C. Supervisors

300

19. Jim solicited feedback from Jack, who is one of his employees, about a new display case. This is an example of which style of management? A. Mixed B. Strategic C. Tactical D. Varied

B. Strategic

400

20. Jason decided for long-term projects that he would allow employees to give input and for daily routines he would determine the necessary duties. This is an example of which style of management? A. Mixed B. Strategic C. Tactical D. Varied

A. Mixed

500

18. Tim approves for his employees to attend regional meetings so that he knows exactly when they are off site. This is an example of which style of management? A. Mixed B. Strategic C. Tactical D. Varied

C. Tactical

Questions#21-25

100

23. Vera accepts input from her employees annually about the upcoming budget. This is an example of which style of leadership? A. Autocratic B. Democratic C. Laissez-fare D. Objective

B. Democratic

200

25. Timmy regularly meets with employees to prepare them for job evaluation conferences. Which human resources manager activity is he performing? A. Managing compensation methods B. Managing performance of employees C. Planning and staffing D. Recruiting and hiring

B. Managing performance of employees

300

24. Harry checks his electronic calendar for tasks assigned by his boss regularly. He very seldom sees his boss. This is an example of which style of leadership? A. Autocratic B. Democratic C. Laissez-fare D. Objective

C. Laissez-fare

400

21. Keisha allowed her employees to plan the expansion project. This is an example of which style of management? A. Mixed B. Strategic C. Tactical D. Varied

B. Strategic

500

22. Vera meets regularly to discuss with all her employees new marketing campaigns. This is an example of which style of leadership? A. Autocratic B. Democratic C. Laissez-fare D. Objective

B. Democratic