GB 370 EXAM REVISION QUESTIONS AND
100% VERIFIED CORRECT ANSWERS!!
In countries like Russia and Greece, family and background count for more than
performance does.
True
Hierarchy as an organization is necessary for
Unity of Command
In highly assertive countries, competition between
individuals and groups is discouraged.
False
Only supervisors are affected by the principles of management.
False
Working with people from different countries can be a
challenge because of
Language issues and different cultural norms
As a manager, if you feel like you are wearing a lot of hats, this is a good thing.
True
The company that relies on computer and
telecommunications technologies instead of physical presence for communication between
employees is a
,Virtual Organization
Which of the following is not a type of manager described
in the Levels of Management?
Section Managers
The penetration of mobile phones is changing the way we do business because
People are are more connected and able to share more information
Frederick Taylor is most famous for
Time studies
Managers do not spend all of their time managing.
True
People in societies where uncertainty avoidance is high
Want strict rules, laws, and policies
A way to test ideas in small steps is
Experimentation
In high power distance countries, decision-making power is distributed equally among the
groups.
False
Which of the following is not a disadvantage of franchising?
Reduced financial risk of new business success
, You can refer to a lawyer who does a good job for our company as a valuable asset.
True
What is something you don't have to do before the trademark search of your new idea
names?
Narrow to only one, maybe two, name ideas
Even if your company isn't incorporated, you can still use the word "Inc." in your firm
name.
False
Which option below is the fastest growing segment of small-business enterprise?
Services
When choosing an accountant, you want to find out their services, fees, and
Personality
The legal structure for your company is important, but not in relating to taxes.
False
The most common forms of business are sole proprietorship, partnership, corporation, and
S-Corporation
Which is the legal structure with the easiest start-up process?
Sole Proprietorship
100% VERIFIED CORRECT ANSWERS!!
In countries like Russia and Greece, family and background count for more than
performance does.
True
Hierarchy as an organization is necessary for
Unity of Command
In highly assertive countries, competition between
individuals and groups is discouraged.
False
Only supervisors are affected by the principles of management.
False
Working with people from different countries can be a
challenge because of
Language issues and different cultural norms
As a manager, if you feel like you are wearing a lot of hats, this is a good thing.
True
The company that relies on computer and
telecommunications technologies instead of physical presence for communication between
employees is a
,Virtual Organization
Which of the following is not a type of manager described
in the Levels of Management?
Section Managers
The penetration of mobile phones is changing the way we do business because
People are are more connected and able to share more information
Frederick Taylor is most famous for
Time studies
Managers do not spend all of their time managing.
True
People in societies where uncertainty avoidance is high
Want strict rules, laws, and policies
A way to test ideas in small steps is
Experimentation
In high power distance countries, decision-making power is distributed equally among the
groups.
False
Which of the following is not a disadvantage of franchising?
Reduced financial risk of new business success
, You can refer to a lawyer who does a good job for our company as a valuable asset.
True
What is something you don't have to do before the trademark search of your new idea
names?
Narrow to only one, maybe two, name ideas
Even if your company isn't incorporated, you can still use the word "Inc." in your firm
name.
False
Which option below is the fastest growing segment of small-business enterprise?
Services
When choosing an accountant, you want to find out their services, fees, and
Personality
The legal structure for your company is important, but not in relating to taxes.
False
The most common forms of business are sole proprietorship, partnership, corporation, and
S-Corporation
Which is the legal structure with the easiest start-up process?
Sole Proprietorship
