Ch. 6 And 7 Test Review Part III Question Preview (ID: 33957)


Review For Ch. 6 And 7 Test In Principles Of Business. TEACHERS: click here for quick copy question ID numbers.

The management function that determines to what extent the business is accomplishing the goals it set out to reach in the planning stage is __________.
a) organizing
b) implementing
c) planning
d) controlling

__________ influence is the ability to get others to accomplish tasks because group members recognize that the leader has special knowledge in the area.
a) expert
b) formal
c) core
d) leadership

The important principles that guide decisions and actions in a company are called __________ values.
a) expert
b) formal
c) core
d) tactical

Supervisors spend most of their time on the __________ management function.
a) implementing
b) controlling
c) organizing
d) planning

__________ communication methods have been established and approved by the organization.
a) core
b) expert
c) leadership
d) formal

Supervisors who use __________ management are more directive and controlling.
a) controlling
b) tactical
c) formal
d) core

A(n) __________ is someone who takes a risk in starting a business to earn a profit.
a) entrepreneur
b) venture
c) start-up
d) proprietorship

A designed change that increases the usefulness of a product, service, or process is called a(n) __________.
a) inventory
b) plan
c) improvement
d) proprietorship

__________ capital is money provided by large investors to finance new products and new businesses that have a good chance to succeed.
a) venture
b) long-term
c) short-term
d) start-up

A business __________ is a written description of a business idea and how it will be carried out.
a) proprietorship
b) venture
c) inventory
d) play

Products or raw materials a business keeps on hand to do business are referred to as __________.
a) plan
b) improvement
c) inventory
d) start-up

The amount of money needed to open a business is called __________ financing.
a) start-up
b) short-term
c) long-term
d) venture

Money needed to pay for the current operating activities of a business is referred to as __________ financing.
a) start-up
b) venture
c) long-term
d) short-term

Most business plans are developed for __________ year(s).
a) one
b) five
c) ten
d) twenty

__________ financing is money needed for the main resources of a business that will last for many years.
a) short-term
b) start-up
c) long-term
d) venture

The source of owner-supplied money depends on the business’ ownership structure, In a(n) __________, one person will supply the money,
a) entrepreneur
b) proprietorship
c) venture
d) start-up

The ability to motivate individuals and groups to accomplish important goals is called __________.
a) implementing
b) leadership
c) style
d) controlling

Top-level managers such as presidents and chief executive officers, with responsibilities for the direction and success of the entire business, are called __________.
a) executives
b) leadership
c) tactical
d) expert

Management __________ is the way a manager treats and involves employees.
a) leadership
b) executives
c) style
d) implementing

The __________ management function involves identifying and arranging the work and resources needed to achieve the goals that have been set.
a) organizing
b) controlling
c) implementing
d) planning

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