GFC Final Exam 2024 with 100% correct answers

SWOT analysis - correct answer ____________ is a comparison between what your company does well and the competition Vertical organizational chart - correct answer ______________ is a picture of who runs things in a company; it is hierarchical meaning that all decisions are made top down Mission statement - correct answer _______________ is a full explanation of what your company is all about; it is written to explain why your company is good for the community as a whole Jury duty - correct answer __________________ is every citizen's civic responsibility; in Macomb County, it takes place in Mount Clemmons Horizontal organizational chart - correct answer _______________ is a picture of who runs the company; it is typically collaborative in that our department heads all worked together as experts instead of one department being in charge Federal income tax - correct answer _______________ is the document every citizen in the U.S. must fill out each year; it tells if you will get a refund or owe more C- Corporation - correct answer ________________ is the form of ownership that is the most regulated; it is typically large companies that employ lots of people so if they fail, they could effect the economy marketing - correct answer You were just hired by a large company; your job includes testing out new products to find out which ones customers will prefer. You typically work in the _______________ department comprehensive coverage - correct answer You just bought your first car. Your parents advised that you get ____________, so it protects you against any type of problem agenda - correct answer You have a meeting to run. You print up a list of topics so you can keep the meeting moving along and on topic. This is called _____________ discretionary income - correct answer You just recieved your paycheck and finished paying your bills. You have $50 of ___________, or spending money disposable income - correct answer Your parents just received their check; _____________ is their net pay or the money they have before mothly bills are paid administration - correct answer A little while after you were hired, your company decided to cross train. Now your job is to track attendance and customer satisfaction of your employees. Your job is typically in the ___________ department Exempted property - correct answer _____________ is anything not siezed when an individual claims bankruptcy Chapter 11 bankruptcy - correct answer __________________ is typically referred to as "reorganization"; it is when a business is allowed to remain open while their debts are lifted sales - correct answer Your first job out of college required you to make calls to professional business clients to see if they wanted to buy your company's goods. Your job typically is in the ______ department W 2 - correct