Question
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
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