Test Bank Questions with Answers on Core Principles for Business Success

Test Bank Questions with Answers on Core Principles for Business Success

passive - Answers apologetic - puts people before themselves

aggressive - Answers standing up for their belief & don't care if they hurt others

assertive - Answers honest, direct, and respectful

passive agressive - Answers combo of apologetic but also stands up for their belief

autocratic - Answers act in a way consistent of their values, instead of trying to imitate other great
leaders

participative - Answers giving employees a say in the decision

entrepreneurial - Answers visionary risk takers

emotional intelligence - Answers the ability to perceive, understand, manage, and use emotions

vision - Answers what an organization desires to become in the future

mission - Answers reasons for the organizations existence and explains what role it plays in society

leadership - authoritarian - Answers issues orders

leadership - partivipative - Answers involves everyone

leadership - Laissez-faire - Answers "hands off" approach

leadership - transnational - Answers rewards for doing the job

leadership - transformational - Answers builds up people

leadership - servant - Answers provides for the needs of the followers

leadership - situational - Answers whichever works best for the situation

quantitative data - Answers data associated with numbers

qualitative data - Answers info that can't be measured

profits - Answers revenue minus expenses

stockholders/shareholders - Answers people who own a share or shares of stock in a corporation

globalization - Answers interacting and integration among people, companies and goverments of
different countries

natural monopoly - Answers public utilities, start up costs are too high to duplicate