Melott Test 3

Group training gives employees hands on practice with supervision?

False

Psychological needs are those for necessities such as safety, security, and health?

False

The focus of the maturity stage (stage 3) in the product life cycle is to build customer satisfaction and recognize competitors entering the market?

False

Which of the following correctly lists the needs of consumers which should be met?

Physical, social, psychological

According to the segment, how are businesses classified?

Work activities the business performs

Which of the following are debts or obligations of a business?

Liabilities

Which of the following is NOT a function of management?

Analyzing

Items of value owned by a business are known as which of the following?

Assets

Which of the following is NOT an example of a processor?

Automobile factory

Which of the following is NOT one of the modes of transportation distribution typically uses?

Cable

Which of the following is NOT a source of funding?

Decreasing owner contributions

Which of the following is the goal of the finance department?

Determining the use of company resources and funds.

Which of the following is NOT a responsibility of the Finance department?

Establishing external relations

Which of the following is NOT a business department mentioned in the segment?

External relations

The employment process is carried out by which department?

Human Resources

Which of the following is an example of a service firm?

Landscape company

Which of the following is NOT a role of production and distribution in a company?

Marketing

Which of the following is an example of a producer?

Mine

Which of the following is NOT a level of Maslow's hierarchy of needs?

Personal interest

Which of the following is NOT a component of the marketing mix?

Perceptions

Which type of business produces processed goods by changing raw goods into a more finished form?

Processors

Which of the following are the activities used to persuade consumers they need the product?

Promotion

Which of the following is an example of a non-profit organization?

Salvation Army

Evaluate employee performance helps with all of the following EXCEPT which of the following?

Sick leave

Intrinsic motivation occurs internally and includes enjoyment and accomplishment?

True

A system used to record, classify, summarize and report the financial position of a business known as which of the following?

accounting

Which of the following is NOT a role of Human Resources department plays when helping orient employees?

analyzing new employee morale

According to the segment, why are Finance and Accounting departments important to a business?

businesses cannot exist without cash flow

Which of the following is NOT a stage of the product life cycle?

evaluation

Which of the following is NOT a step of the employment process in the Human Resources department according to the segment?

negotiate salary and benefits of new hires.