FBLA Introduction to Business / Test Review Questions & Certified
FBLA Introduction to Business
Solutions / 100% Correct / Already Graded A+
Study online at https://quizlet.com/_406x31
1. One of the disadvantages of having a partnership is unlimited liability
2. An organization that is owned and operated by its cooperative
members is a ______
3. A contractual agreement to use the name and sell the franchise
products or services of a company in a designated
geographic area is called a ______ .
4. If one of your goals is to limit your personal liability, it cooperation
would be best to organize your business as a ______ .
5. A business owned by ten people who share the risks partnerships
and rewards of the business is a ____
6. 3 c's Capital, Capacity, Charac-
ter,
7. makes a completely finished product out of raw or manufacturer
processed parts.
8. packagers processor
9. producer make the before final
product
10. moves finished goods, stores them, and resells them intermediary
to a wholesaler
11. Which department in a company sets the price of a marketing
product?
12. The highest level of management in the organization; top level management
responsible for direction and control of the organiza-
, FBLA Introduction to Business
Study online at https://quizlet.com/_406x31
tion as a whole (such as director; general manager;
partner; chief officer and executive manager).
13. Responsible for meeting the goals that senior man- middle management
agement sets
14. Responsible for monitoring the daily activities of the operational management
business
15. Which managerial function comes first when execut- planning
ing business goals?
16. Which is NOT an aspect of the organizing function? creating strategies
17. Which is NOT part of the leadership function for a hiring employees
manager in charge of a project?
18. In a large company, to whom would an operational a middle manager
manager generally report?
19. the ability to make decisions on your own initiative
20. integrity honesty
21. Who makes the final decision in a democratic leader- the democratic leader
ship situation?
22. Which kind of leader does the most delegating? free-rein
23. when leaders set goals for managers and employees, free rein
then allow them to make the decisions to achieve
those goals.
24. leader gets input from the group, then makes the final democratic leader
decision about a situation.
, FBLA Introduction to Business
Study online at https://quizlet.com/_406x31
25. do not ask for input from their workers; they expect autocratic
their orders to be obeyed without question.
26. Which is NOT considered an aspect of technology? inventors
27. Which was inspired by the invention of the telephone? fax
28. What makes a cell phone different from a telephone? cells are small computers
29. Anyone who uses a computer while working e-workforce
30. a store that sells products in stores and online click and mortar
31. Which types of products do other countries mostly agricultural
buy from the U.S.?
32. When a country's currency is higher than another's, it more buying power
has
33. NAFTA North American Free
Trade Agreement
34. business that takes place within the borders of one interstate commerce
state.
35. OSHA Occupational Safety and
Health Administration
36. formed by a small number of companies rather than oligopoly
just one.
37. best for keeping money in a financial institution for a checking accounts
short period.
FBLA Introduction to Business
Solutions / 100% Correct / Already Graded A+
Study online at https://quizlet.com/_406x31
1. One of the disadvantages of having a partnership is unlimited liability
2. An organization that is owned and operated by its cooperative
members is a ______
3. A contractual agreement to use the name and sell the franchise
products or services of a company in a designated
geographic area is called a ______ .
4. If one of your goals is to limit your personal liability, it cooperation
would be best to organize your business as a ______ .
5. A business owned by ten people who share the risks partnerships
and rewards of the business is a ____
6. 3 c's Capital, Capacity, Charac-
ter,
7. makes a completely finished product out of raw or manufacturer
processed parts.
8. packagers processor
9. producer make the before final
product
10. moves finished goods, stores them, and resells them intermediary
to a wholesaler
11. Which department in a company sets the price of a marketing
product?
12. The highest level of management in the organization; top level management
responsible for direction and control of the organiza-
, FBLA Introduction to Business
Study online at https://quizlet.com/_406x31
tion as a whole (such as director; general manager;
partner; chief officer and executive manager).
13. Responsible for meeting the goals that senior man- middle management
agement sets
14. Responsible for monitoring the daily activities of the operational management
business
15. Which managerial function comes first when execut- planning
ing business goals?
16. Which is NOT an aspect of the organizing function? creating strategies
17. Which is NOT part of the leadership function for a hiring employees
manager in charge of a project?
18. In a large company, to whom would an operational a middle manager
manager generally report?
19. the ability to make decisions on your own initiative
20. integrity honesty
21. Who makes the final decision in a democratic leader- the democratic leader
ship situation?
22. Which kind of leader does the most delegating? free-rein
23. when leaders set goals for managers and employees, free rein
then allow them to make the decisions to achieve
those goals.
24. leader gets input from the group, then makes the final democratic leader
decision about a situation.
, FBLA Introduction to Business
Study online at https://quizlet.com/_406x31
25. do not ask for input from their workers; they expect autocratic
their orders to be obeyed without question.
26. Which is NOT considered an aspect of technology? inventors
27. Which was inspired by the invention of the telephone? fax
28. What makes a cell phone different from a telephone? cells are small computers
29. Anyone who uses a computer while working e-workforce
30. a store that sells products in stores and online click and mortar
31. Which types of products do other countries mostly agricultural
buy from the U.S.?
32. When a country's currency is higher than another's, it more buying power
has
33. NAFTA North American Free
Trade Agreement
34. business that takes place within the borders of one interstate commerce
state.
35. OSHA Occupational Safety and
Health Administration
36. formed by a small number of companies rather than oligopoly
just one.
37. best for keeping money in a financial institution for a checking accounts
short period.
