Entrepreneur Final

What is the specific, time-sensitive accomplishments used to measure the short-term progress of an organization? goals missions plans objectives

objectives

which of the following career cluster had the highest average yearly wage in 2009? science, technology ,engineering and mathematics architecture and construction information technology Agriculture,food and natural resources

science, technology ,engineering and mathematics

according to Greg Bazar, which of the following should an entrepreneur NOT do? update his/her knowledge in the field create a comfortable work environment for the employees develop and execute business plans take "no" as an answer

take "no" as an answer

according to Greg Bazar ,which of the following should an entrepreneur expect from his/her job? -taking responsibilities of a business -creating original marketing plans -developing a solid financial plan -working together wither other staffs

taking complete responsibilities of a business

Which of the following laws guaranteed men and women were given equal pay for equal work? the equal pay act of 1963 the civil rights act of 1964 the occupational safety and health act of 1970 the labor standards act of 1938

the equal pay act of 1963

which of the following career cluster focuses on tending to families and human needs ? finance health science human services education and training

Human services

Which of the following is a cultural factor affecting job opportunities? population growth changing labor laws increased diversity artificial intelligence

Increased diversity

When considered low the economy shows a rising currency value. which of the following terms describes this? Interest rate Inflation Public debt Deficit

Inflation

which of he following is the fastest-growing career cluster? architecture and construction agriculture, food and natural resources information technology science, technology, engineering and mathematics

Information technology

which of the following businesses attract customers due to their ease of accessibility? service entrepreneurial internet home based

Internet

Which of the following is NOT suggested to prevent groupthink? use an experienced facilitator conduct multiple focus group sessions avoid members with dominant personalities assign one member to be devils advocate

avoid members with dominant personalities

which of the following is NOT one of the four basic organizational levels? supervisors middle managers top management lower managers

lower managers

In which Career Cluster are librarians classified? business management and administration information technology education and training hospitality and tourism

Education and training

What is the term used to describe the ability to achieve a desired result without wasted energy, for example producing good/services quickly and at a low cost? Profusion Prosperity Efficiency Effectiveness

Efficiency

How often does the foreign exchange take place ? Once a week Twice a month Every other day Everyday

Everyday

Business risks are generally greater when a business operation. true false

False

Government indiscretion is a type of economic risk. true false

False

High dependency risks occurs when one party or another fail to pay for purchase? true false

False

In 2010 the most common US family household was married couples without children True False

False

The business philosophy describes the business education, training, strengths, weaknesses and personal development True False

False

Which of the following is NOT a responsibility of a manager or a supervisor? guide the activities of the business keep the business moving toward set goals identify exceptional employees set goals for the business

Identify exceptional employees

Which type of leadership style should be used when the group had a strong sense of teamwork and a familiar routine? Visionary Democratic Autocratic Laissez faire

Laissez faire

An agreement where one company makes an asset available to another company in exchange for compensation is considered which of the following ? Licensing Copyrighting Linking Investing

Licensing

Which of the following is not one of the things Jeremy Norman suggested those interested in event planning study? Spatial planning Color theory Interior design Artistic points of view

Spatial planning

Which of the following describes small businesses? Are usually national or global Can be divided into many different departments Usually have less than 100 employees Usually have more than 100 employees

Usually have less than 100 employees

Which of the following is traditional management structure? Vertical Horizontal Expansive Pyramid

Vertical

In 1910, the smallest percentage of Americans lives in the _______, but in 2010 the smallest percentage lives in the_______ Midwest; west Northeast; south West; northeast Midwest; south

West; northeast

Where does marketing exist ? Only in stores Wherever a product is sold to the customer On the netting In the customers mail

Wherever a product is sold to the customer

Which of the following is NOT a function of management? planning writing staffing controlling

Writing

which of the following is NOT one of transportation distribution typically uses for transportation? cable railroads trucks waterways

cable

which of the following did Greg Bazar NOT mention as one of the daily responsibilities of an entrepreneurs? -developing and executing business plans -making sure the financial health of of the company is good -giving solutions to very problems -making sure customers' need are satisfied

giving solution to every problem

the statement "to increase our brand recognition" is an example of which of the following? Goal objective

goal

which of the following structures adopt the chain-of-command methodology? bureaucratic hierarchical learning based divisional

hierarchical

_______ are laid back and undefined matrix learning informal staff

informal

which of the following business structures work great for small businesses? bureaucratic hierarchical learning based divisional

learning based

a organization structure produces processed goods by changing raw goods into more finished form? simple divisional matrix learning

matrix

A(n) ______ is a systematic grouping of individuals which has been brought together to accomplish a goal. informal structure organization concord affiliation

organization

which type of business produces processed goods by changing raw goods into a more finished form intermediaries service firms processors producers

processors

with what office do owner(s) register the businesses name? office of comptroller secretary state small business administration courthouse

secretary state

intrinsic motivation occurs internally and includes enjoyment and accomplishment true false

true

simple structures are flexible and inexpensive, but are often only effective in small organizations? true false

true

Contributing immigration and higher birth rates among minority's populations are causes for the increase in cultural diversity in the US True False

True

Not being aware of foreign laws can put the business in high-risk situations true false

True

One reason for increased global competition is the industrialization for foreign countries True False

True

Speculative risks are most commonly associated with business true false

True

Telling management works best when employees are not willing and or able to do the job True False

True

Which of the following accurately describes initiative? -Being willing and able to adapt, learn and change -The ability or instinct to act it take charge independently - the strength of mind to carry on in the face of difficulty - feeling the need to voluntary Perdue knowledge

-The ability or instinct to act it take charge independently

Balance of trade is the difference of a country's exports minus it imports true false

True

A speech is an example of which type of communication? Two way spoken Two way nonverbal One way spoken One way written

One way spoken

Which types of plans include company policies,rules,regulations and budgets? strategic plans tactical plans operational plans distributive plans

Operational plans

Jeremy Norman said he wanted to start his business in which way ? Progressively and indiscriminately Organically and conservatively Quick and heedlessly Slowly and deliberately

Organically and conservatively

Which of the following is not one of the four components of the business process? Production Marketing Finance Organization

Organization

Which of the following is not an aspect of social responsibility? Air and pollution Conservation and recycling Green marketing The ozone layer

The ozone layer

Business standards should b based on which of the following? the ultimate goals of a business the strategic plans of a business the operational tactics of a business the quality control programs of a business

The ultimate goals of a business

When conducting a market analysis, you should forecast the next One to three years Three to five years Five to eight years Eight to ten years

Three to five years

Which of the following is not a management characteristic associated with delegating management? To trust employees work ability To be confident To be a micromanager Go have a high workload

To be a micromanager

management profiles do NOT include which of the following? a list of community relations a description of mangers functions in an organization a list of industry relations a description of family

a description of family

a system used to record , classify, summarize and report the financial position of a business is know as which of the following? management distribution accounting human resources

accounting

according to Greg Bazar , which one should go back to school after leaving the industry after how long ? 14 months 18 months 2 years 3 years

18 months

Who should external communications flow through? All employees A public relations person or manager A variety of media members Loyal or long time customers

A public relations person or manager

Which type of degree rehires 120 hrs of coursework, some of which is herbal and some of which is based on your major? Doctoral degree Bachelors degree Associate degree Masters degree

Bachelors degree

Which of the following is a reason for predicted growth in landscape architecture jobs? Blooming green building industry Increased automation Population shift to rural areas

Blooming green building industry

Which of the following is not an effect of the hanging population and social demands in the US ? Increased competition Marketing mania Decreased workload Service influx

Decreased workload

______ is the principle in which an employee should have only one supervisor to whom he or she is responsible chain of command span of control work specialization supervision

Chain of command

Which of the following is NOT a type of service business? insurance accounting education clothing

Clothing

Which type of skills did Jeremy Norman day help him bring his team together to work effectively ? Leadership skills Critical thinking skills Marketing skills Communication skills

Communication skills

Which of the following types of control provides feedback after activity is completed in order to prevent further deviations? preventative control concurrent control feedback control corrective control

Corrective control

What occurs in the planning function of management? -Deciding what need to be done and how it will be accomplish -Coordinating all those involved to achieve the company of departmental goals -Comparing what was planned with the actual reformable -Delegating duties to other employees in the company

Deciding what need to be done and how it will be accomplish

When a country is a member to this level of economic integration, the countries involved have a common currency and a similar tax rate. Which type of economic integration does this demonstrate? Common market Custom union Free trade Economic union

Economic union

Which of the following terms describe the ability to achieve a desired result without wasted energy or effort? effectiveness capability sustainability efficiency

Efficiency

Which of the following is the term used to describe the level to which someone is likely to gain employment and be successful in a career? Work life balance flexibility Employability Flexibility Morale

Employability

Which of the following is considered the heartbeat of an organization ? management educators employees customers

Employees

Which of the following is NOT a suggested leadership technique? be consistent provide clear directions encourage conformity treat employees fairly

Encourage conformity

Which of the following is not one of the five sections of a business plan? Financial plan Supporting documents Organization and marketing plan Executive description

Executive description

Which of the following is NOT one of the considerations to determine if you "have what it takes" to start a business? Finances Support Experience Family life

Experience

A company's international marketing plan should be similar to its domestic marketing plan. true false

False

A good supervisor must be concerned with reaching goals no matter what it takes true false

False

A joint venture is an agreement between two companies to do business together while remaining independent true false

False

Canada is ranked as one of the top five in the Global Competiveness Index. true false

False

The first step of the communication process is the receiver deciding the message True False

False

Which of the following is not a function of management? Control Plan Finance Organize

Finance

Which of the following is not one of the three types of supporting documents as stated in the presentation? Marketing documents Business communication documents Financial documents Legal documents

Financial documents

Which of the following is not a type of foreign aid? 150 account Foreign assistance Food stamps abroad Poverty focused development aid

Food stamps abroad

Which of the following is not considered a debit item in the balance of trade ? Domestic spreading abroad Imports from abroad Foreign spending in the domestic economy Foreign aid and assistance

Foreign spending in the domestic economy

Which of the following is the term used to describe a barrier preventing minorities and women from rising to positions of power or responsibilities? Glass ceiling Steel curtain Hard hurdle Career ladder

Glass ceiling

International law in global business does not include which of the following purposes? Regulating trade Controlling tariffs Managing offshore banking Governing business meetings

Governing business meetings

what type of businesses are rapidly increasing due to new technology? service technological internet home based

Home based

Which of the following refers to the process of leading or the entities which perform the act of leading? leadership planning organization education

Leadership

Jeremy Norman said 95 percent of his job is which of the following? Working with flowers to be used in events Building props to be used in events Creating special moments for families Lifting, logistics and pre planning

Lifting, logistics and pre planning

which of the following is NOT a career in the finance industry? credit analyst marketing professional insurance agent loan officer

Marketing professional

Which of the following is. It true of working abroad? Learn a new language Develops an appreciation for a new culture Network few foreign contacts Travel to exotic places

Network few foreign contacts

Which agreement focuses on tariffs related to agriculture, textiles and automobiles? North American free trade agreement General agreement on tariffs and trade United States free trade agreements Global free trade

North American free trade agreement

Answering questions such as ''do i want to help people?'' and do I want to work with my hands?'' can help you develop which of the following? employability skills lifelong learning academic skills occupational goals

Occupational goals

Which of the following defines the various roles of company employees? training organizational structure management interpersonal skills

Organization structure

Rita works for an accounting firm. She works in the firm's office,usually between 10 and 20 hours each week,but hours and times vary week to week.Rita's job can be described as which of the following? Part-time,blue collar job part-time,white -collar job full-time,blue-collar job full-time,white-collar job

Part time; white collar

What kind of business are motivated to earn a profit? Public Private Government Nonprofit

Private

Which of the following is one way business can be categorized? By: Width Product Salary Demographic

Product

Which part of the business plan identifies plan for pricing policies? Proposed marketing plan Self analysis Trading area analysis Product description

Proposed marketing plan

A set of measures built into the production process to make sure the products or services meet standards is known as which of the following? performance control program sales standards program quality control program standard regulation program

Quality control program

Which of the following management styles keeps the operation running smoothly rather than accomplishing other goals? power-oriented routine-oriented achievement-oriented micromanagement

Routine oriented

which of the following is an example of a non-profit organization beauty salon Salvation Army ITT technical institute amazon

Salvation Army

Which of the following includes the use of Gantt charts and PERT Diagrams? training managing scheduling business planning

Scheduling

When implementing economic integration which of the following is not a problem one may encounter ? Single objectives Weak states Trade diversions Lacking fiscal resources

Single objectives

Which of the following types of change is based upon consumer behavior? social economic technological political

Social

Which of the following jobs are not easily replaced by automation and technology? mail sorter stock clerk structural metal fabricator travel agent

Stock clerk

training and motivating employees will contribute to which of the following within a business? decline success management turnover

Success

Tyson has decided he wanted to be trained and certified. Which type dog institution of higher learning could provide him with this ? Community college University College Technical school

Technical school

which of the following defines turnover? the gaining and losing of employees the shopping tendencies of customers the way education and training are scheduled the arrangement of employees within departments

The gaining and losing of employees

What do teaching and nursing have in common? they are the in the same Career Cluster you can receive certification for both jobs at technical schools they are sometimes stereotyped as women's jobs they both require doctoral degree

They are sometimes stereotyped as a women's job

Trust issues are one of the common barriers in international business. true false

True

The purpose of planning for the future is to ensure which of the following? You obtain the biggest salary possible You make choices today which will benefit you in the long term You get a job immediately after you graduate high school You do not have to sacrifice anything to have the job you want

You make choices today which will benefit you in the long term

Which of the following is one thing Jeremy Norman said his company is exploring which other companies do not do? -Providing hosting families discounts for regional venders based on strategic alliances -producing original music for each event which is made into a cd for the hosting family -creating custom art pieces for each event which become mementos for the hosting family -allowing hosting families to design and build their own props and decor to be used in the event

creating custom art pieces for each event which become mementos for the hosting family

which of the following is NOT a factor ,which impacts the health science industry? the Patient Protection and Affordable Care Act (ACA) decreasing healthcare and medication costs aging population's preference for home health care rather than long-term care facilities success of technological development in medical research

decreasing healthcare and medication costs

______ is the grouping of individuals into departments centralization decentralization centralmentalization departmentalization

departmentalization

which of the following is the goal of finance department? setting prices high enough to make profit but low enough to attract customers motivating employees and focusing on cooperation within the business producing goods in the most efficient and cost-effective manner determining the use of the company resources and funds

determining the use of company resources and funds

a structure is composed of self-contained units or divisions. simple divisional matrix learning

divisional

An organizations products and services are the driving force in accomplishing its purpose true false

false

Psychological needs are those for necessities such as safety , security and health. true false

false

group training gives employees hands-on practice with supervision true false

false

the focus of the maturity stage (stage 3)in the product life cycle is o build customer satisfaction and recognize competitors true false

false

according to Greg Bazar , which of the following is a challenge of an entrepreneur? finding balance between wok and family coming up with creative ideas building a solid business model leading a winning team

finding a balance between work and family

the employment process is carried out by which department? marketing distribution management human resources

human resources

site locators ________ the ability to promote the business and be successful increase decrease

increase

which of the following segments of the manufacturing industry is the only one to expect job growth? coordination and inspection production and assembly instillation ,maintenance and repair all manufacturing jobs are expected to decline

instillation ,maintenance and repair

Which of the following describes consumerism? -the societal effort to protect consumer rights by enforcing pressure -the type of behavior which is truthful, fair and takes into account the well being of all people involved - consumer awareness where air and water pollution is concerned - when companies put forth an effort to produce and promote environmentally friendly products

the societal effort to protect consumer rights by enforcing pressure

an assembly line is an example of _______ chain of command span control work specialization supervision

work specialization