BUSINESS 201 QUESTIONS WITH ACCURATE ANSWERS
Administrative Managers correct answer Those who manage an entire business or
a major segment of a business; they are not specialists but coordinate the
activities of specialized managers
Agenda correct answer A calendar containing both specific and vague items, that
covers short-term goals and long term objectives
Analytical Skills correct answer The ability to identify relevant issues, recognize
their importance, understand the relationships between them, and perceive the
underlying causes of a situation
Bonds correct answer Debt instruments that larger companies sell to raise long
term funds
CAD (Computer Assisted Design) correct answer Design of components, products,
and processes on comp instead of paper
CAM (Computer Assisted Manufacturing) correct answer Employs specialized
comp systems to actually guide and control the transformation process
Capacity correct answer Max load than an org unit can carry or operate
Capital Budgeting correct answer Process of analyzing the needs of the business
and selecting the assets that will maximize its value
, CDS (Commercial Certificates of Deposit) correct answer CD's issued by
commercial banks and brokerage companies, available in min amounts of
$100,000 which may be traded before maturity
CIM (Computer Integrated Manufacturing) correct answer A complete system
that designs products, manages machines and materials, and controls operations
function
Commercial Paper correct answer Written promise from one company to another
to pay a specific amount of money
Conceptual Skills correct answer The ability to think in abstract terms and to see
how parts fit together to form a whole
Continuous Manufacturing Organizations correct answer Companies that use
continuous running assembly lines, creating products with similar characteristics
Controlling correct answer The process of evaluating and correcting activities to
keep the organization on course
Crisis Management (Contingency Planning) correct answer An element in planning
that deals with potential disasters such as product tampering, oil spills, fire,
earthquake, computer virus, or airplane crash
Customization correct answer Making products to meet a particular customer's
needs or wants
Decision Making correct answer 1. Recognizing and defining the situation
Administrative Managers correct answer Those who manage an entire business or
a major segment of a business; they are not specialists but coordinate the
activities of specialized managers
Agenda correct answer A calendar containing both specific and vague items, that
covers short-term goals and long term objectives
Analytical Skills correct answer The ability to identify relevant issues, recognize
their importance, understand the relationships between them, and perceive the
underlying causes of a situation
Bonds correct answer Debt instruments that larger companies sell to raise long
term funds
CAD (Computer Assisted Design) correct answer Design of components, products,
and processes on comp instead of paper
CAM (Computer Assisted Manufacturing) correct answer Employs specialized
comp systems to actually guide and control the transformation process
Capacity correct answer Max load than an org unit can carry or operate
Capital Budgeting correct answer Process of analyzing the needs of the business
and selecting the assets that will maximize its value
, CDS (Commercial Certificates of Deposit) correct answer CD's issued by
commercial banks and brokerage companies, available in min amounts of
$100,000 which may be traded before maturity
CIM (Computer Integrated Manufacturing) correct answer A complete system
that designs products, manages machines and materials, and controls operations
function
Commercial Paper correct answer Written promise from one company to another
to pay a specific amount of money
Conceptual Skills correct answer The ability to think in abstract terms and to see
how parts fit together to form a whole
Continuous Manufacturing Organizations correct answer Companies that use
continuous running assembly lines, creating products with similar characteristics
Controlling correct answer The process of evaluating and correcting activities to
keep the organization on course
Crisis Management (Contingency Planning) correct answer An element in planning
that deals with potential disasters such as product tampering, oil spills, fire,
earthquake, computer virus, or airplane crash
Customization correct answer Making products to meet a particular customer's
needs or wants
Decision Making correct answer 1. Recognizing and defining the situation
