FBLA Introduction to Business Questions And Answers Already Graded A+

One of the disadvantages of having a partnership is - unlimited liability An organization that is owned and operated by its members is a ______ - cooperative A contractual agreement to use the name and sell the products or services of a company in a designated geographic area is called a ______ . - franchise If one of your goals is to limit your personal liability, it would be best to organize your business as a ______ . - cooperation A business owned by ten people who share the risks and rewards of the business is a ____ - partnerships 3 c's - Capital, Capacity, Character, makes a completely finished product out of raw or processed parts. - manufacturer packagers - processor producer - make the before final product moves finished goods, stores them, and resells them to a wholesaler - intermediary Which department in a company sets the price of a product? - marketingThe highest level of management in the organization; responsible for direction and control of the organization as a whole (such as director; general manager; partner; chief officer and executive manager). - top level management Responsible for meeting the goals that senior management sets - middle management Responsible for monitoring the daily activities of the business - operational management Which managerial function comes first when executing business goals? - planning Which is NOT an aspect of the organizing function? -creating strategies Which is NOT part of the leadership function for a manager in charge of a project? - hiring employees In a large company, to whom would an operational manager generally report? - a middle manager the ability to make decisions on your own - initiative integrity - honesty Who makes the final decision in a democratic leadership situation? - the democratic leader