QUESTION A team ________ the sum of its parts. a. is equal to b. is greater than c. has no relationship to d. is less than ANSWER b
Date: September 3rd, 2020
QUESTION What term describes the level of competition in which there are many buyers and sellers of products that are virtually identical and where any seller can easily enter or exit the market? a. monopoly b. monopolistic competition c. oligopoly d. perfect competition ANSWER d
Date: September 3rd, 2020
QUESTION What is one of the reasons an entrepreneur might want to consider buying an existing business? a. Staff loyalty to the company is guaranteed. b. It is easy to change customer’s perception of the company if needed. c. It is not necessary to start the business from scratch. d. There is no need to […]
Date: September 3rd, 2020
QUESTION Empowerment means giving employees control of and responsibility for running a particular part of a project, with minimal oversight. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION When a group becomes more cohesive and the individual members begin to feel part of a team, the group is in the team development stage of ________. a. performing b. adjourning c. storming d. norming ANSWER d
Date: September 3rd, 2020
QUESTION A number of stores at Findley Market sell fresh fruits and vegetables. The products appear to be identical and the prices differ little, if at all. What type of market structure is this? a. monopoly b. monopolistic competition c. oligopoly d. perfect competition ANSWER d
Date: September 3rd, 2020
QUESTION At DudsForYou Inc, some employees’ work focuses on women’s wear, some on men’s wear, and some on children’s apparel. This structure is called _________ departmentalization. A) functional B) customer C) product D) geographic ANSWER C
Date: September 3rd, 2020
QUESTION Once a team has settled on a set of expectations and a process for getting things done, they are ready to move on to the ________ stage. a. adjourning b. performing c. storming d. forming ANSWER b
Date: September 3rd, 2020
QUESTION In a franchise agreement, a franchisee is ________. a. the parent company b. the local owner c. the supplier d. the customer base ANSWER b
Date: September 3rd, 2020
QUESTION YumGoods bakery chain has food preparation, customer service, and other departments. Employees in the food preparation department focus on baking and decorating pastries. Those in customer service focus on interacting with customers. This structure is called _________ departmentalization. A) functional B) customer C) product D) geographic ANSWER A
Date: September 3rd, 2020
