Question

What type of plan is a long-term goal that affects many parts of an organization?

*
2 points
a. Contingency
b. Management
c. Strategic
d. Functional
Which group would use an autocratic leadership style?

*
2 points
a. United Nations
b. Congress
c. Jury
d. Military
What is the function of influencing members of the organization to work together effectively?

*
2 points
a. Leading
b. Planning
c. Organizing
d. Controlling
Which term describes a set of moral principles or values that govern behavior?
*
2 points
a. Goals
b. Ethics
c. Policies
d. Laws
What term is used when a company assesses its strengths and weaknesses?
*
2 points
a. Ratio analysis
b. Idea analysis
c. Swot analysis
d. Smart analysis
A new company is selling basketball shoes specially targeting male consumers ages 16-25. What marketing concept is the company using?

*
2 points
a. Market segmentation
b. Market penetration
c. Crowd sourcing
d. Price skimming
Which management function includes setting goals and developing strategies?

*
2 points
a. Organizing
b. Controlling
c. Planning
d. Directing
Which term is used for investors who specialize in funding small firms that offer potential for rapid growth?

*
2 points
a. Laissez-faire capitalists
b. S-corporations
c. Venture capitalists
d. Small business owners
Which term describes locating and attracting qualified job applicants?
*
2 points
a. Selection
b. Appraisal
c. Development
d. Recruitment
Henry has not been meeting company expectations. After analyzing and addressing the issues with Henry his performance still has not changed. Which management technique would be the next step?

*
2 points
a. Analyze performance
b. Measure performance
c. Taking corrective action
d. Set standards
Which government agency oversees workplace safety?

*
2 points
a. EEOC
b. OSHA
c. FTC
d. ADA
What is the process of reducing manufacturing errors, streamlining supply chain management, training employees, and improving customer service know as?

*
2 points
a. Break-even Analysis
b. Lean
c. Supply chain
d. Total Quality Management
What principle is a business following when it seeks to become a positive stakeholder in the community?
*
2 points
a. Human responsibility
b. Fiscal responsibility
c. Social responsibility
d. Natural responsibility
What is the written explanation of a company’s reason for existence?

*
2 points
a. Long term goal
b. Mission statement
c. Business plan
d. Marketing plan
Which statement regarding budgets is true?

*
2 points
a. Budget guarantee a certain amount of profit
b. Budgets state precisely what will happen
c. Budgets must be followed exactly as planned
d. Budgets can help in planning a business
Which department is responsible for hiring, staffing, training, and evaluating an organization’s personnel?

*
2 points
a. Human resources
b. Operations/production
c. Marketing
d. Finance/accounting
Which term is used when evaluating the level of production at which total revenues from sales equals total expenses incurred?
*
2 points
a. PERT
b. Break even analysis
c. Value engineering
d. Critical path sequence
What type of ownership provides managerial assistance from corporate headquarters?
*
2 points
a. Partnership
b. Franchise
c. Sole proprietorship
d. Limited liability company
A hurricane rips through Florida and destroys most of the year’s lemon crop, decreasing production of fresh lemonade. What will happen to the price of lemonade?

*
2 points
a. Price will increase
b. No change will occur
c. Price will decrease
d. Tax will increase
What is the economic term used to describe a period of rising prices when the purchasing power of the dollar is falling?

*
2 points
a. Deflation
b. Recession
c. Inflation
d. Depression
What term is used to describe health insurance and vacation time?

*
2 points
a. Commission
b. Salary
c. Overtime
d. Benefits
Workers enjoy work and seek opportunities to perform
*
2 points
Theory Y
Theory Z
Theory X
Workers dislike work and must be coerced to perform
*
2 points
Theory Y
Theory Z
Theory X
Workers participation and positive work life is a key to increased productivity
*
2 points
Theory Y
Theory Z
Theory X
Workers are motivated by factors such as recognition and can become dissatisfied by factors such as low pay
*
2 points
herzberg
maslow
an official ban on trade or other commercial activity with a particular country
*
2 points
embargo
exports
a good produced in one country that is sold into another country or a service provided in one country
*
2 points
embargo
exports
a commodity, article, or service brought in from abroad for sale
*
2 points
imports
tariff
a tax imposed by a government on imported or exported goods.
*
2 points
imports
tariff
Following through on commitments refers to
*
2 points
reliability
courage
fairness
Able to make unpopular decisions refers to having :
*
2 points
reliability
courage
fairness
No bais look at all sides of the problem refers to :
*
2 points
reliability
courage
fairness
Leadership style - autocratic means
*
2 points
make all the decisions
minimal supervision and let others make decsions
Leadership style- laissez- faire means:
*
2 points
Make all the decisions\
minimal supervision and let others make decisions
The leadership style called democratic means that it encourages the exchange of ideas and develops responsibility.
*
2 points
True
False

Answers

GPT-4o mini
Here are the answers to the questions you've provided:

1. Which type of plan is a long-term goal that affects many parts of an organization?
- **c. Strategic**

2. Which group would use an autocratic leadership style?
- **d. Military**

3. What is the function of influencing members of the organization to work together effectively?
- **a. Leading**

4. Which term describes a set of moral principles or values that govern behavior?
- **b. Ethics**

5. What term is used when a company assesses its strengths and weaknesses?
- **c. SWOT analysis**

6. A new company is selling basketball shoes especially targeting male consumers ages 16-25. What marketing concept is the company using?
- **a. Market segmentation**

7. Which management function includes setting goals and developing strategies?
- **c. Planning**

8. Which term is used for investors who specialize in funding small firms that offer potential for rapid growth?
- **c. Venture capitalists**

9. Which term describes locating and attracting qualified job applicants?
- **d. Recruitment**

10. Henry has not been meeting company expectations. After analyzing and addressing the issues with Henry, his performance still has not changed. Which management technique would be the next step?
- **c. Taking corrective action**

11. Which government agency oversees workplace safety?
- **b. OSHA**

12. What is the process of reducing manufacturing errors, streamlining supply chain management, training employees, and improving customer service known as?
- **b. Lean**

13. What principle is a business following when it seeks to become a positive stakeholder in the community?
- **c. Social responsibility**

14. What is the written explanation of a company’s reason for existence?
- **b. Mission statement**

15. Which statement regarding budgets is true?
- **d. Budgets can help in planning a business**

16. Which department is responsible for hiring, staffing, training, and evaluating an organization’s personnel?
- **a. Human resources**

17. Which term is used when evaluating the level of production at which total revenues from sales equals total expenses incurred?
- **b. Break-even analysis**

18. What type of ownership provides managerial assistance from corporate headquarters?
- **b. Franchise**

19. A hurricane rips through Florida and destroys most of the year’s lemon crop, decreasing production of fresh lemonade. What will happen to the price of lemonade?
- **a. Price will increase**

20. What is the economic term used to describe a period of rising prices when the purchasing power of the dollar is falling?
- **c. Inflation**

21. What term is used to describe health insurance and vacation time?
- **d. Benefits**

22. Workers enjoy work and seek opportunities to perform:
- **Theory Y**

23. Workers dislike work and must be coerced to perform:
- **Theory X**

24. Workers' participation and positive work life is a key to increased productivity:
- **Theory Y**

25. Workers are motivated by factors such as recognition and can become dissatisfied by factors such as low pay:
- **herzberg**

26. An official ban on trade or other commercial activity with a particular country:
- **embargo**

27. A good produced in one country that is sold into another country or a service provided in one country:
- **exports**

28. A commodity, article, or service brought in from abroad for sale:
- **imports**

29. A tax imposed by a government on imported or exported goods:
- **tariff**

30. Following through on commitments refers to:
- **reliability**

31. Able to make unpopular decisions refers to having:
- **courage**

32. No bias look at all sides of the problem refers to:
- **fairness**

33. Leadership style - autocratic means:
- **make all the decisions**

34. Leadership style - laissez-faire means:
- **minimal supervision and let others make decisions**

35. The leadership style called democratic means that it encourages the exchange of ideas and develops responsibility.
- **True**

Make sure to double-check the context and specific nuances of these questions and answers as they can vary based on different perspectives or interpretations!