Intro to Business: Business Procedures FBLA
UPDATED Exam Questions and CORRECT
Answers
ethics - CORRECT ANSWER - moral principles by which people conduct themselves
personally, socially, or professionally
corporation - CORRECT ANSWER - company that is registered by a state and operates
apart from its owners
franchise - CORRECT ANSWER - contractual agreement to use the name and sell the
products or services of a company in a designated geographic area
intermediary - CORRECT ANSWER - a business that moves goods from one business to
another
limited liability - CORRECT ANSWER - a claim that holds a firm's owners responsible
for no more than the capital that they have invested in it
management - CORRECT ANSWER - the process of achieving company goals by
planning, organizing, directing, controlling, and evaluating the effective use of resources
What kind of company would most likely hire a professional manager? - CORRECT
ANSWER - a corporation
which managerial function comes first when executing business goals? - CORRECT
ANSWER - organizing
What is NOT an aspect of the organizing function? - CORRECT ANSWER - creating
strategies
, What does an organizational chart show? - CORRECT ANSWER - who is in charge of
whom in a firm
Which deals with non-management workers most often? - CORRECT ANSWER -
operational management
What is NOT part of the leadership function for a manager in charge of a project? - CORRECT
ANSWER - hiring employees
In a large company, to whom would an operational manager generally report? - CORRECT
ANSWER - a middle manager
Hardware - CORRECT ANSWER - desktop computers, laptops, phones and wireless
devices
software - CORRECT ANSWER - programs and applications
server - CORRECT ANSWER - central computer that shares data, files, and applications
and allows you and your employees to access the Internet or use the same printer
networking devices - CORRECT ANSWER - router, hubs, and stitches that tie
workstations together and provide security features, such as firewalls
documentimaging system - CORRECT ANSWER - allows you to covert paper into
electronic files
point-of-sale system - CORRECT ANSWER - basically an electronic cash register that
allows you to track sales
UPDATED Exam Questions and CORRECT
Answers
ethics - CORRECT ANSWER - moral principles by which people conduct themselves
personally, socially, or professionally
corporation - CORRECT ANSWER - company that is registered by a state and operates
apart from its owners
franchise - CORRECT ANSWER - contractual agreement to use the name and sell the
products or services of a company in a designated geographic area
intermediary - CORRECT ANSWER - a business that moves goods from one business to
another
limited liability - CORRECT ANSWER - a claim that holds a firm's owners responsible
for no more than the capital that they have invested in it
management - CORRECT ANSWER - the process of achieving company goals by
planning, organizing, directing, controlling, and evaluating the effective use of resources
What kind of company would most likely hire a professional manager? - CORRECT
ANSWER - a corporation
which managerial function comes first when executing business goals? - CORRECT
ANSWER - organizing
What is NOT an aspect of the organizing function? - CORRECT ANSWER - creating
strategies
, What does an organizational chart show? - CORRECT ANSWER - who is in charge of
whom in a firm
Which deals with non-management workers most often? - CORRECT ANSWER -
operational management
What is NOT part of the leadership function for a manager in charge of a project? - CORRECT
ANSWER - hiring employees
In a large company, to whom would an operational manager generally report? - CORRECT
ANSWER - a middle manager
Hardware - CORRECT ANSWER - desktop computers, laptops, phones and wireless
devices
software - CORRECT ANSWER - programs and applications
server - CORRECT ANSWER - central computer that shares data, files, and applications
and allows you and your employees to access the Internet or use the same printer
networking devices - CORRECT ANSWER - router, hubs, and stitches that tie
workstations together and provide security features, such as firewalls
documentimaging system - CORRECT ANSWER - allows you to covert paper into
electronic files
point-of-sale system - CORRECT ANSWER - basically an electronic cash register that
allows you to track sales
