Business Management Final Exam Review Part 1 Questions With Correct Answers

Which of the following is a career area in business? A. Entertainment B. Health care C. Marketing D. Mathematics - Answer C Which of the following is a career area in business management? A. Accounting B. Insurance C. Professional selling D. Business information management - Answer D An employee who answers phone calls and manages the office schedule works in A. general management. B. administrative services. C. human resource management. D. operations management. - Answer B Employees who have supervisory responsibilities for part or all of the business work in A. general management. B. securities and investments. C. business information management. D. merchandising. - Answer A Jared was just hired for a new job. The employee who interviewed him and took him through the hiring process works in A. operations management. B. banking services. C. marketing management. D. human resource management. - Answer D Which of the following is a career area in finance: A. Marketing communications B. Insurance C. Professional selling D. General management - Answer B Jenn has bookkeeping responsibilities at her new job. In what department does she likely work? A. Accounting B. Operations management C. Marketing research D. Securities and investments - Answer A John has just been hired as a loan officer. His new career is in the area of A. corporate finance. B. insurance. C. banking services. D. accounting. - Answer C Diana prepares bills and invoices for her company. Her career is in the area of A. corporate finance. B. marketing communications. C. securities and investments. D. professional selling. - Answer A Which of the following industries exists to protect individuals and businesses from financial losses: A. Marketing research B. Operations management C. Insurance D. Accounting - Answer C Which industry includes brokerage firms and stock exchanges? A. Securities and investments B. Corporate finance C. Business information management D. Professional selling - Answer A Which of the following is a career area in marketing? A. General management B. Banking services C. Administrative services D. Merchandising - Answer D Taylor works as a public relations manager. His career is in the area of A. marketing communications. B. operations management. C. professional selling. D. marketing research. - Answer A Katharine has just been hired as a brand manager at a retail chain. Her career is in the area of A. banking services. B. marketing management. C. professional selling. D. operations management. - Answer B Employees who look for meaningful clues about what customers want and why they want it work in A. administrative services. B. insurance. C. securities and investments. D. marketing research. - Answer D Bo's job is to choose and buy clothing for a retail store. His career is in the area of A. general management. B. marketing research. C. merchandising. D. professional selling. - Answer C Professional selling belongs in what career area? A. Sports B. Marketing C. Business management D. Finance - Answer B The best business career prospects are available to candidates who have A. a stockbroker's license. B. a background in accounting. C. earned a bachelor's degree. D. earned a high school diploma. - Answer C Learning new job skills or updating your current job skills is known as A. An internship. B. a bachelor's degree. C. licensing. D. professional development. - Answer D Which of the following skills is at the core of most business activities: A. Creativity B. Math skills C. Computer/Technology skills D. Communication skills - Answer D Which of the following is the main purpose of management? A. To accomplish the business's goals B. To create a pleasant working atmosphere C. To reach a specific level of productivity D. To obtain the needed resources - Answer A Why should managers know how to do the work of the workers they supervise? A. To have realistic expectations for workers B. To coordinate employees' efforts C. To create a team spirit among employees D. To establish a chain of command - Answer A Avery, who manages a silk-screening and embroidery business, has set a goal of increasing sales by 15% in the next six months. To reach his goal, he has increased the business's advertising budget. This is an example of the ______________ function of management. A. planning B. controlling C. organizing D. directing - Answer A