Business Management exam quiz
and answers graded A+
Limited partnership - ANS✅✅form of partnership where one or more partners are not active in
the daily running of the business, and whose liability for the partnership's debt is restricted to the
amount invested in the business
Jimmy is very skilled lead programmer. He is well-versed not only in his job, but also in all aspects of
the work performed by his employees, and he can successfully coach and guide them in carrying out
their specific tasks. Jimmy demonstrates a high level of __________. - ANS✅✅technical skills
Chief Operating Officer - ANS✅✅oversees the day-to-day operations of a company
Dumping is - ANS✅✅designed to run firms in other countries out of business, designed to
decrease trade wars between countries, a deliberate attempt to artificially lower the value of a good
or service.
Functions of management - ANS✅✅Planning, Organizing, Controlling, and Leading
Shortages can lead to - ANS✅✅higher prices
Conglomeration refers to the process in which: - ANS✅✅companies become part of larger
corporations
Globalization involves - ANS✅✅companies doing business in multiple countries
Computer-aided manufacturing is the process of - ANS✅✅integrating computer-aided design
(CAD) data in a process known as simultaneous engineering
Assembly line - ANS✅✅producing large quantities of goods that are identical to one another.
cross-functional team - ANS✅✅a team composed of employees from different functional areas of
the organization
and answers graded A+
Limited partnership - ANS✅✅form of partnership where one or more partners are not active in
the daily running of the business, and whose liability for the partnership's debt is restricted to the
amount invested in the business
Jimmy is very skilled lead programmer. He is well-versed not only in his job, but also in all aspects of
the work performed by his employees, and he can successfully coach and guide them in carrying out
their specific tasks. Jimmy demonstrates a high level of __________. - ANS✅✅technical skills
Chief Operating Officer - ANS✅✅oversees the day-to-day operations of a company
Dumping is - ANS✅✅designed to run firms in other countries out of business, designed to
decrease trade wars between countries, a deliberate attempt to artificially lower the value of a good
or service.
Functions of management - ANS✅✅Planning, Organizing, Controlling, and Leading
Shortages can lead to - ANS✅✅higher prices
Conglomeration refers to the process in which: - ANS✅✅companies become part of larger
corporations
Globalization involves - ANS✅✅companies doing business in multiple countries
Computer-aided manufacturing is the process of - ANS✅✅integrating computer-aided design
(CAD) data in a process known as simultaneous engineering
Assembly line - ANS✅✅producing large quantities of goods that are identical to one another.
cross-functional team - ANS✅✅a team composed of employees from different functional areas of
the organization
