Ch. 6 And 7 Test Review Part III Question Preview (ID: 33957)
Review For Ch. 6 And 7 Test In Principles Of Business.
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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
__________ 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
Most business plans are developed for __________ year(s).
a) one
b) five
c) ten
d) twenty
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
The amount of money needed to open a business is called __________ financing.
a) start-up
b) short-term
c) long-term
d) venture
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
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
__________ 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 designed change that increases the usefulness of a product, service, or process is called a(n) __________.
a) inventory
b) plan
c) improvement
d) proprietorship
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
Supervisors who use __________ management are more directive and controlling.
a) controlling
b) tactical
c) formal
d) core
__________ communication methods have been established and approved by the organization.
a) core
b) expert
c) leadership
d) formal
Supervisors spend most of their time on the __________ management function.
a) implementing
b) controlling
c) organizing
d) planning
The important principles that guide decisions and actions in a company are called __________ values.
a) expert
b) formal
c) core
d) tactical
__________ 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 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
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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