INTRO TO BUSINESS MANAGEMENT
FINAL EXAM STUDY GUIDE EXPECTED
QUESTIONS WITH VERIFIED ANSWERS
Question 1.
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
ANSWER
limited partnership
Question 2.
technical skills
ANSWER
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 __________.
Question 3.
oversees the day-to-day operations of a company
ANSWER
Chief Operating Officer
, Question 4.
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.
ANSWER
Dumping is
Question 5.
Planning, Organizing, Controlling, and Leading
ANSWER
Functions of management
FINAL EXAM STUDY GUIDE EXPECTED
QUESTIONS WITH VERIFIED ANSWERS
Question 1.
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
ANSWER
limited partnership
Question 2.
technical skills
ANSWER
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 __________.
Question 3.
oversees the day-to-day operations of a company
ANSWER
Chief Operating Officer
, Question 4.
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.
ANSWER
Dumping is
Question 5.
Planning, Organizing, Controlling, and Leading
ANSWER
Functions of management
