GFC FINAL EXAM QUESTIONS WITH
CORRECT ANSWERS 2025
____________MisMaMcomparisonMbetweenMwhatMyourMcompanyMdoesMwellMandMtheMcompetition
M-MCORRECTMANSWER-SWOTManalysis
______________MisMaMpictureMofMwhoMrunsMthingsMinMaMcompany;MitMisMhierarchicalMmeaningMth
atMallMdecisionsMareMmadeMtopMdownM-MCORRECTMANSWER-VerticalMorganizationalMchart
_______________MisMaMfullMexplanationMofMwhatMyourMcompanyMisMallMabout;MitMisMwrittenMtoMex
plainMwhyMyourMcompanyMisMgoodMforMtheMcommunityMasMaMwholeM-MCORRECTMANSWER-
MissionMstatement
__________________MisMeveryMcitizen'sMcivicMresponsibility;MinMMacombMCounty,MitMtakesMplace
MinMMountMClemmonsM-MCORRECTMANSWER-JuryMduty
_______________MisMaMpictureMofMwhoMrunsMtheMcompany;MitMisMtypicallyMcollaborativeMinMthatM
ourMdepartmentMheadsMallMworkedMtogetherMasMexpertsMinsteadMofMoneMdepartmentMbeingMinMc
hargeM-MCORRECTMANSWER-HorizontalMorganizationalMchart
_______________MisMtheMdocumentMeveryMcitizenMinMtheMU.S.MmustMfillMoutMeachMyear;MitMtellsMif
MyouMwillMgetMaMrefundMorMoweMmoreM-MCORRECTMANSWER-FederalMincomeMtax
________________MisMtheMformMofMownershipMthatMisMtheMmostMregulated;MitMisMtypicallyMlargeM
companiesMthatMemployMlotsMofMpeopleMsoMifMtheyMfail,MtheyMcouldMeffectMtheMeconomyM-
MCORRECTMANSWER-C-MCorporation
, YouMwereMjustMhiredMbyMaMlargeMcompany;MyourMjobMincludesMtestingMoutMnewMproductsMtoMfindM
outMwhichMonesMcustomersMwillMprefer.MYouMtypicallyMworkMinMtheM_______________Mdepartme
ntM-MCORRECTMANSWER-marketing
YouMjustMboughtMyourMfirstMcar.MYourMparentsMadvisedMthatMyouMgetM____________,MsoMitMprotec
tsMyouMagainstManyMtypeMofMproblemM-MCORRECTMANSWER-comprehensiveMcoverage
YouMhaveMaMmeetingMtoMrun.MYouMprintMupMaMlistMofMtopicsMsoMyouMcanMkeepMtheMmeetingMmovin
gMalongMandMonMtopic.MThisMisMcalledM_____________M-MCORRECTMANSWER-agenda
YouMjustMrecievedMyourMpaycheckMandMfinishedMpayingMyourMbills.MYouMhaveM$50MofM__________
_,MorMspendingMmoneyM-MCORRECTMANSWER-discretionaryMincome
YourMparentsMjustMreceivedMtheirMcheck;M_____________MisMtheirMnetMpayMorMtheMmoneyMtheyMh
aveMbeforeMmothlyMbillsMareMpaidM-MCORRECTMANSWER-disposableMincome
AMlittleMwhileMafterMyouMwereMhired,MyourMcompanyMdecidedMtoMcrossMtrain.MNowMyourMjobMisMto
MtrackMattendanceMandMcustomerMsatisfactionMofMyourMemployees.MYourMjobMisMtypicallyMinMtheM_
__________MdepartmentM-MCORRECTMANSWER-administration
_____________MisManythingMnotMsiezedMwhenManMindividualMclaimsMbankruptcyM-
MCORRECTMANSWER-ExemptedMproperty
__________________MisMtypicallyMreferredMtoMasM"reorganization";MitMisMwhenMaMbusinessMisMallo
wedMtoMremainMopenMwhileMtheirMdebtsMareMliftedM-MCORRECTMANSWER-ChapterM11Mbankruptcy
YourMfirstMjobMoutMofMcollegeMrequiredMyouMtoMmakeMcallsMtoMprofessionalMbusinessMclientsMtoMse
eMifMtheyMwantedMtoMbuyMyourMcompany'sMgoods.MYourMjobMtypicallyMisMinMtheM______Mdepartme
ntM-MCORRECTMANSWER-sales
CORRECT ANSWERS 2025
____________MisMaMcomparisonMbetweenMwhatMyourMcompanyMdoesMwellMandMtheMcompetition
M-MCORRECTMANSWER-SWOTManalysis
______________MisMaMpictureMofMwhoMrunsMthingsMinMaMcompany;MitMisMhierarchicalMmeaningMth
atMallMdecisionsMareMmadeMtopMdownM-MCORRECTMANSWER-VerticalMorganizationalMchart
_______________MisMaMfullMexplanationMofMwhatMyourMcompanyMisMallMabout;MitMisMwrittenMtoMex
plainMwhyMyourMcompanyMisMgoodMforMtheMcommunityMasMaMwholeM-MCORRECTMANSWER-
MissionMstatement
__________________MisMeveryMcitizen'sMcivicMresponsibility;MinMMacombMCounty,MitMtakesMplace
MinMMountMClemmonsM-MCORRECTMANSWER-JuryMduty
_______________MisMaMpictureMofMwhoMrunsMtheMcompany;MitMisMtypicallyMcollaborativeMinMthatM
ourMdepartmentMheadsMallMworkedMtogetherMasMexpertsMinsteadMofMoneMdepartmentMbeingMinMc
hargeM-MCORRECTMANSWER-HorizontalMorganizationalMchart
_______________MisMtheMdocumentMeveryMcitizenMinMtheMU.S.MmustMfillMoutMeachMyear;MitMtellsMif
MyouMwillMgetMaMrefundMorMoweMmoreM-MCORRECTMANSWER-FederalMincomeMtax
________________MisMtheMformMofMownershipMthatMisMtheMmostMregulated;MitMisMtypicallyMlargeM
companiesMthatMemployMlotsMofMpeopleMsoMifMtheyMfail,MtheyMcouldMeffectMtheMeconomyM-
MCORRECTMANSWER-C-MCorporation
, YouMwereMjustMhiredMbyMaMlargeMcompany;MyourMjobMincludesMtestingMoutMnewMproductsMtoMfindM
outMwhichMonesMcustomersMwillMprefer.MYouMtypicallyMworkMinMtheM_______________Mdepartme
ntM-MCORRECTMANSWER-marketing
YouMjustMboughtMyourMfirstMcar.MYourMparentsMadvisedMthatMyouMgetM____________,MsoMitMprotec
tsMyouMagainstManyMtypeMofMproblemM-MCORRECTMANSWER-comprehensiveMcoverage
YouMhaveMaMmeetingMtoMrun.MYouMprintMupMaMlistMofMtopicsMsoMyouMcanMkeepMtheMmeetingMmovin
gMalongMandMonMtopic.MThisMisMcalledM_____________M-MCORRECTMANSWER-agenda
YouMjustMrecievedMyourMpaycheckMandMfinishedMpayingMyourMbills.MYouMhaveM$50MofM__________
_,MorMspendingMmoneyM-MCORRECTMANSWER-discretionaryMincome
YourMparentsMjustMreceivedMtheirMcheck;M_____________MisMtheirMnetMpayMorMtheMmoneyMtheyMh
aveMbeforeMmothlyMbillsMareMpaidM-MCORRECTMANSWER-disposableMincome
AMlittleMwhileMafterMyouMwereMhired,MyourMcompanyMdecidedMtoMcrossMtrain.MNowMyourMjobMisMto
MtrackMattendanceMandMcustomerMsatisfactionMofMyourMemployees.MYourMjobMisMtypicallyMinMtheM_
__________MdepartmentM-MCORRECTMANSWER-administration
_____________MisManythingMnotMsiezedMwhenManMindividualMclaimsMbankruptcyM-
MCORRECTMANSWER-ExemptedMproperty
__________________MisMtypicallyMreferredMtoMasM"reorganization";MitMisMwhenMaMbusinessMisMallo
wedMtoMremainMopenMwhileMtheirMdebtsMareMliftedM-MCORRECTMANSWER-ChapterM11Mbankruptcy
YourMfirstMjobMoutMofMcollegeMrequiredMyouMtoMmakeMcallsMtoMprofessionalMbusinessMclientsMtoMse
eMifMtheyMwantedMtoMbuyMyourMcompany'sMgoods.MYourMjobMtypicallyMisMinMtheM______Mdepartme
ntM-MCORRECTMANSWER-sales