GB 370 GENTRY FINAL EXAM
QUESTIONS AND ANSWERS GRADED A+
2026
In countries like Russia and Greece, family and background count for more than performance
does. - ANS True
Hierarchy as an organization is necessary for - ANS Unity of Command
In highly assertive countries, competition between
individuals and groups is discouraged. - ANS False
Only supervisors are affected by the principles of management. - ANS False
Working with people from different countries can be a
challenge because of - ANS Language issues and different cultural norms
As a manager, if you feel like you are wearing a lot of hats, this is a good thing. - ANS True
The company that relies on computer and
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
1
,telecommunications technologies instead of physical presence for communication between
employees is a - ANS Virtual Organization
Which of the following is not a type of manager described
in the Levels of Management? - ANS Section Managers
The penetration of mobile phones is changing the way we do business because - ANS People
are are more connected and able to share more information
Frederick Taylor is most famous for - ANS Time studies
Managers do not spend all of their time managing. - ANS True
People in societies where uncertainty avoidance is high - ANS Want strict rules, laws, and
policies
A way to test ideas in small steps is - ANS Experimentation
In high power distance countries, decision-making power is distributed equally among the
groups. - ANS False
Which of the following is not a disadvantage of franchising? - ANS Reduced financial risk of
new business success
You can refer to a lawyer who does a good job for our company as a valuable asset. -
ANS True
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
2
, What is something you don't have to do before the trademark search of your new idea names? -
ANS Narrow to only one, maybe two, name ideas
Even if your company isn't incorporated, you can still use the word "Inc." in your firm name. -
ANS False
Which option below is the fastest growing segment of small-business enterprise? -
ANS Services
When choosing an accountant, you want to find out their services, fees, and -
ANS Personality
The legal structure for your company is important, but not in relating to taxes. - ANS False
The most common forms of business are sole proprietorship, partnership, corporation, and -
ANS S-Corporation
Which is the legal structure with the easiest start-up process? - ANS Sole Proprietorship
Most of the products created in the high-technology sectors are created by large corporations. -
ANS False
The ability to learn faster from customers is the essential competitive advantage startups must
posses. - ANS True
The IRS does not have any restrictions on non-profit organizations. - ANS False
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
3
QUESTIONS AND ANSWERS GRADED A+
2026
In countries like Russia and Greece, family and background count for more than performance
does. - ANS True
Hierarchy as an organization is necessary for - ANS Unity of Command
In highly assertive countries, competition between
individuals and groups is discouraged. - ANS False
Only supervisors are affected by the principles of management. - ANS False
Working with people from different countries can be a
challenge because of - ANS Language issues and different cultural norms
As a manager, if you feel like you are wearing a lot of hats, this is a good thing. - ANS True
The company that relies on computer and
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
1
,telecommunications technologies instead of physical presence for communication between
employees is a - ANS Virtual Organization
Which of the following is not a type of manager described
in the Levels of Management? - ANS Section Managers
The penetration of mobile phones is changing the way we do business because - ANS People
are are more connected and able to share more information
Frederick Taylor is most famous for - ANS Time studies
Managers do not spend all of their time managing. - ANS True
People in societies where uncertainty avoidance is high - ANS Want strict rules, laws, and
policies
A way to test ideas in small steps is - ANS Experimentation
In high power distance countries, decision-making power is distributed equally among the
groups. - ANS False
Which of the following is not a disadvantage of franchising? - ANS Reduced financial risk of
new business success
You can refer to a lawyer who does a good job for our company as a valuable asset. -
ANS True
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
2
, What is something you don't have to do before the trademark search of your new idea names? -
ANS Narrow to only one, maybe two, name ideas
Even if your company isn't incorporated, you can still use the word "Inc." in your firm name. -
ANS False
Which option below is the fastest growing segment of small-business enterprise? -
ANS Services
When choosing an accountant, you want to find out their services, fees, and -
ANS Personality
The legal structure for your company is important, but not in relating to taxes. - ANS False
The most common forms of business are sole proprietorship, partnership, corporation, and -
ANS S-Corporation
Which is the legal structure with the easiest start-up process? - ANS Sole Proprietorship
Most of the products created in the high-technology sectors are created by large corporations. -
ANS False
The ability to learn faster from customers is the essential competitive advantage startups must
posses. - ANS True
The IRS does not have any restrictions on non-profit organizations. - ANS False
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
3
