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