Business test
What two laws were passes in the nineteenth century to try and control the power of large corporations?
-- Sherman Anti Trust Act --Interstate commerce Act
List three areas a code of ethics should cover?
-Honesty -Security -Adhearance to the law
Name two captains of industry?
-James B Duke -Andrew Carnagie
Name two roles small business play in economy?
-New innovations -98% of businesses are small businesses that provides a lot of jobs
Principle
A basic truth or law
Cover Letter
A brief introduction to a resume that emphasizes those accomplishments the job seeker considers most relevant to the job.
What is difference between career and job?
A career is a lifetime involvement in a field while a job is a temporary way of earning money
Stakeholder
A companies employees, customers and community
Nonprofit Organization
A organization that operates to promote a special interest or cause
Entrepreneur
A person who starts and operates their own business
Resume
A short document describing a job seekers education, experience, and achievements; provides information about specific qualifications for a job
When you weight the skilled tasks you would perform in a given career, the most important factor would be to consider is your _____________
Abilities
Intellectual property rights are guaranteed through -patent laws -trademark laws -Copyright laws -all of the above
All of the above
Theory Y
Assumes that people find sanctification in their work
Why is it important for businesses to act ethically?
Because it reflects on how they will do. If a company has a reputation for behaving ethically and for example stealing money from customers who is going to want to shop with them.
What is Theory Z?
Business management theory that integrates Japanese and american business practices
Theory Z
Business management theory that integrates Japanese and american practices
Essay question --------------- Sensitivity to diversity and quality of life:
Businesses should have ethnically diverse work forces and companies should give opportunities to employees to better their quality of work
Powerful businessperson who created enormous business empires toward the end of the nineteenth century were know as ____________ ____ _____________
Captains of Industry
A _____________ is a document that outlines the principles of conduct to be used in making decisions within an organizations
Code of ethics
Under total quality management, businesses should -Consider quality as well as price in awarding buiness -Encourage education and self improvement for everyone -Neither a nor b -Both a and b
Consider quality as well as price in awarding business
Manufactures can be forced to recall a defective product by the -Consumer product safety commission -Environmental Protection Agency - Food and drug administration -Both a and b
Consumer product safety commission
________________ __________ serves as a brief introduction to potential employees
Cover Letter
Management
Deciding how best to use a company's resources to produce products
A code of ethics adopted by a company will most likely include all of the following except -Honesty -Destruction of environments -security -adherence to the law
Destruction of the environments
Essay question --------------- Philanthropy and volunteerism:
Donating money to a cause, spending time and energy for something
Organizing
Grouping related activities together and assigning employees to perform them
Senior Management
Highest level of management. Sets goals and objectives for the company to meet. CEO COO
The ________________ ____________ refers to the period during which a country develops an industrial economy
Industrial Revolution
Controlling
Insuring that a company's goals are being met
Name three roles that managers have?
Interpersonal Information related roles Decison making roles
The ______________ ______________ _______ forced railroads to publish their rates and forbade them to change rates without notifying the public.
Interstate commerce act
According to your text, lavish gift giving is an important part of doing business in -Albania -Russia -Japan -both A and C
Japan
Essay question --------------- Environmental Adhearance:
Knowing about your environment and limiting the damage done to it
The way you process information is called _________
Learning Style
Staffing
Looking for what type of employees are needed to perform jobs in the company. Includes recruiting, interviewing and hiring
Social Responsibility
Obligation that individuals or business have to help solve social problems
A membership or group of people in the same field is called ________________ _______________
Professional assiciation
Middle Management
Responsible to meeting the goals that senior managers set. Principals, district managers
Scientific Management
Seeks ways to increase productivity. Makes work easier by studying work procedures and determining the best methods for performing tasks.
Career
Series of progressively responsible jobs in one field or related fields
Planning
Set goals and objectives for the company to achieve
Ethics
Set of moral values pf principles that govern behavior
Monopolies are illegal under the -Interstate commerce act -Sherman Antitrust Act -Monoply Review act -Fredrick taylor act
Sherman Antitrust Act
Innovations or new ideas tend to come from? -Large corporations with professional managers -Small Business Businesses run by enrepreneurs
Small business
A __________ __________ is a review of a business's social responsiveness
Social Audit
According to the chapter which level of management is most reasonable for day to day operations? -Supervisory Managers -Middle Managers -Senior Managers -Plant Managers
Supervisory Managers
Technical SKills
THe skills needed to know how to perform certain jobs
Networking
Talking to people that may offer you jobs
Middle management
The level of management responsible for meeting the goals that senior management make
Supervisory Management
The lowest level of management, Makes sure the day to day operations are run smoothly. Department heads, crew leaders.
Centralization
The process by which decisions are made by key levels of management
Decentralization
The process by which decisions are made by managers at various levels within an organization
Conceptual Skills
The skills needed to know how one thing is related to a business and to the business as a whole
Human relation Skills
The skills needed to know how to work well with people
People will work productively if put in the right environment is a belief held by -Theory X managers -Theory Y managers -Theory Z Managers -None of the above
Theory Y managers
Fredrick Taylor developed his scientific management principles through the use of -Cash payments to workers -Time and motion studies -Innovative Machinery -Management Training
Time and Motion Studies
What is the intention of sending a cover letter and resume?
To get an interview
When you consider the affect of a career field on people, society and the environment the most important factor to consider is your _________
Values
Monopoly
When a corporation controls everything in a industry
Leading
When managers give guidance and direction to their employees to perform jobs
Professional Manager
someone paid to perform a management functions within the business