BUSINESS MANAGEMENT FINAL REVIEW
UPDATED ACTUAL QUESTIONS WITH CORRECT
ANSWERS
Question 1.
Theory Y
ANSWER
Workers enjoy work and seek out opportunities to perform
Question 2.
Recruitment
ANSWER
Locating and attracting qualified job applicants
Question 3.
Leading
ANSWER
Process of influencing people to direct their efforts toward achieving an objective
Question 4.
Distribution Channels (in order)
ANSWER
Manufacturer, Wholesaler, Retailer, Consumer
Question 5.
OSHA
ANSWER
Government agency that oversees workplace safety
1/7
, Question 6.
Benefits
ANSWER
Compensation in addition to salary or wages
Question 7.
Strategic Plan
ANSWER
Long-term goal that affects many parts of an organization
Question 8.
Liability
ANSWER
Amount owed to a creditor
Question 9.
Owner's Equity
ANSWER
Financial rights to the assets of a business
Question 10.
Ethics
ANSWER
Moral principles or values that govern behavior
Question 11.
Military
ANSWER
This group would use an Autocratic Leadership Style
2/7
UPDATED ACTUAL QUESTIONS WITH CORRECT
ANSWERS
Question 1.
Theory Y
ANSWER
Workers enjoy work and seek out opportunities to perform
Question 2.
Recruitment
ANSWER
Locating and attracting qualified job applicants
Question 3.
Leading
ANSWER
Process of influencing people to direct their efforts toward achieving an objective
Question 4.
Distribution Channels (in order)
ANSWER
Manufacturer, Wholesaler, Retailer, Consumer
Question 5.
OSHA
ANSWER
Government agency that oversees workplace safety
1/7
, Question 6.
Benefits
ANSWER
Compensation in addition to salary or wages
Question 7.
Strategic Plan
ANSWER
Long-term goal that affects many parts of an organization
Question 8.
Liability
ANSWER
Amount owed to a creditor
Question 9.
Owner's Equity
ANSWER
Financial rights to the assets of a business
Question 10.
Ethics
ANSWER
Moral principles or values that govern behavior
Question 11.
Military
ANSWER
This group would use an Autocratic Leadership Style
2/7
