Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answe all 10 questions. Thank you 1.Which of the following forms of business ownership is the easiest to establish? Joint ventures C Corporations Sole

Please answe all 10 questions. Thank you

1.Which of the following forms of business ownership is the easiest to establish?

Joint ventures

C Corporations

Sole proprietorships

Partnerships

S Corporations

2.The _____ style of leadership can be a powerful motivator because it demonstrates a great deal of trust and confidence in an employee and allows employees to meet their work demands with little or no interference.

free-rein

autocratic

authoritarian

totalitarian

repressive

3. Which of the following is a natural resource?

Minerals

Money

Capital

Labor

People

4.Red Finch Products Inc. groups employees based on whether they are going to handle the sales account of a wholesale customer, regular consumer, first-time buyer, or a one-time buyer. Which of the following methods of departmentalization is the company using?

Functional departmentalization

Product departmentalization

Geographical departmentalization

Customer departmentalization

Process departmentalization

5.Lara was less educationally qualified and experienced than her colleagues when she joined Aurora Systems Inc. However, due to her ability to negotiate effectively with clients, convince her team members to work harder, and understand their needs, she is a senior-level manager today. Which of the following skills can be most attributed to Lara's success in this scenario?

Human relations skills

Psychomotor skills

Critical thinking skills

Technical skills

Cognitive skills

6.Maria and Harold have just finished interviewing four candidates for a job position in Jackson Office Supplies Inc., a large company based in Houston. In which of the following management functions are Maria and Harold involved?

Staffing

Downsizing

Controlling

Benchmarking

Directing

7.The market for corn in Brazil has a large number of sellers and there is no difference in the products sold by each seller. As there are also a large number of buyers for corn, the actions of a single seller or buyer cannot affect the price. The market for corn in Brazil can be described as ____.

pure competition

modified competition

monopolistic competition

a monopoly

an oligopoly

8.Bigbag.com, a leading online retailer, uses the services of Data Safe Inc., a small startup that helps companies manage and keep their electronic data safe. This helps Bigbag.com keep a backup of its proprietary information in case of virus attacks or any sort of damage to property. This is an example of _____.

materials requirement planning

contingency planning

supply chain management

value chain management

enterprise resource planning

9.Josh has been asked to be a part of a new business venture that develops wind energy technologies. Since the business involves high risk, he does not want to be held completely liable for the firm's debts if the project fails. In this case, Josh is most likely to prefer to participate as a(n):

owner of an S corporation.

member of a cooperative.

general partner.

sole proprietor.

limited partner.

10.Among the major activities of business, which of the following is an element of management?

Promoting sales

Product research

Personal selling

Marketing activities

Acquiring resources

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditors Guide To Information Systems Auditing

Authors: Richard E. Cascarino

1st Edition

0470009896, 978-0470009895

More Books

Students also viewed these Accounting questions