QUESTION What should NOT be included in the management team section of a business plan? a. the name of the entrepreneur in a top management position b. the specialists or consultants c. the management style of the company d. the competitors ANSWER d
Date: September 3rd, 2020
QUESTION The recall of high-chairs because of a possible defect in manufacturing is an example of _______________ analysis. Fill in the blank(s) with correct word ANSWER cost-benefit
Date: September 3rd, 2020
QUESTION “Me too” companies often skip this stage in the business life cycle. a. introductory b. growth c. maturity d. decline/rebirth ANSWER a
Date: September 3rd, 2020
QUESTION An organization chart depicts the relationships between departments or employees in an enterprise. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION ________ describes whether your job is important. a. Task significance b. Feedback c. Skill variety d. Task identity ANSWER a
Date: September 3rd, 2020
QUESTION A quick and easy way to communicate as much information as possible to new employees is called ________. a. job shadowing b. online training c. off-the-job training d. orientation ANSWER d
Date: September 3rd, 2020
QUESTION An organization’s structure is the formal configuration of people, which determines the allocation of duties, responsibilities, and authority. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Public relations are considered to be more reliable than advertising. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Imagine a student receiving the following feedback from an instructor: You flunked the last test. You do not study hard enough. How would you restate the feedback to be more professional and focused on behavior. What will be an ideal response? ANSWER Student answers will vary, but should follow a pattern like this: […]
Date: September 3rd, 2020
QUESTION What questions would NOT be answered in the marketing plan section of a business plan? a. What are the sales forecasts for the product? b. What are the income projections for the product? c. How does the product compare to the competition? d. What will ensure repeat customers? ANSWER b
Date: September 3rd, 2020
