BUSI 439 FINAL | 176 QUESTIONS AND ANSWERS |
2026 UPDATE | WITH COMPLETE SOLUTION
A Board of ___________ may be helpful but is not required for a business;
however, in some cases, a Board of ___________ may be legally required.
Answer - Advisors; Directors
A _________ owner is not typically involved in the day-to-day operations of a
business, while a ____________ owner is actively involved in the day-to-day
operations. Answer - Passive; Active
For which of the following tasks would you most likely need to hire a law firm?
Assessing Customer Demographics
Customer Background Checks
Drawing Up Hiring Documents
Business Location Selection
Personal Skill Assessment Answer - Drawing Up Hiring Documents
Given a limited quantity of staff, small businesses often require employees that
are more:
Trained in Niche Skills
Flexible and Willing to Learn
Hourly and not Salaried
,Salaried and not Hourly
Part-Time and not Full-Time Answer - Flexible and Willing to Learn
Hire a consultant to review your business plan to avoid which of the following:
Confirmation Bias
Silo Mentality
Proprietary Disclosures
Contingency Plans
Management Agreements Answer - Confirmation Bias
Ms. Studebaker finds herself lacking _______________ skills, therefore she will
hire a manger to oversee the employees at her store. Answer - Managerial
Ms. Studebaker hired additional baking staff, and she does not want them to
tell others about her secret recipe. She should have them sign a:
Wage/Benefit Statement
Non-Disclosure Agreement
Proprietary Agreement
Non-Compete Clause
Third Party Contract Answer - Non-Disclosure Agreement
Ms. Studebaker plans to retire and move to Florida. Before doing so, she must
develop which of the following to pass on her business?
Partnership Agreement
,Non-Disclosure Agreement
Succession Plan
Proprietary Contract
Managerial Plan Answer - Succession Plan
Ms. Studebaker wants her employees to be grouped based on the tasks that
they perform. She would select which type of organizational structure?
Flat
Divisional
Self-Managed
Matric
Functional Answer - Functional
Ms. Studebaker wants her employees to have autonomy and a sense of
equality. She should select which type of organizational structure?
Flat
Divisional
Self-Managed
Matrix
Functional Answer - Self-Managed
Ms. Studebaker wants to define the financial relationship with her business
partner, she should have which of following documents drawn up?
Management Plan
, Self-Managed Organizational Structure
Non-Disclosure Agreement
Proprietary Clause
Partnership Agreement Answer - Partnership Agreement
Which of the following is a reason that you may need to hire additional team
members?
To Gain Specialized Knowledge
To Comply with Local Ordinances
To Receive Tax Incentives
To Gain More Customers
As a Contingency Plan Answer - To Gain Specialized Knowledge
Which of the following involves a breakdown in collaboration and
communication?
Outsourcing
Bad Organizational Structure
Non-Disclosure Agreements
Silo Mentality
Proprietary Disclosures Answer - Silo Mentality
Which of the following is not a factor for choosing an organizational structure?
Communication
Efficiency
2026 UPDATE | WITH COMPLETE SOLUTION
A Board of ___________ may be helpful but is not required for a business;
however, in some cases, a Board of ___________ may be legally required.
Answer - Advisors; Directors
A _________ owner is not typically involved in the day-to-day operations of a
business, while a ____________ owner is actively involved in the day-to-day
operations. Answer - Passive; Active
For which of the following tasks would you most likely need to hire a law firm?
Assessing Customer Demographics
Customer Background Checks
Drawing Up Hiring Documents
Business Location Selection
Personal Skill Assessment Answer - Drawing Up Hiring Documents
Given a limited quantity of staff, small businesses often require employees that
are more:
Trained in Niche Skills
Flexible and Willing to Learn
Hourly and not Salaried
,Salaried and not Hourly
Part-Time and not Full-Time Answer - Flexible and Willing to Learn
Hire a consultant to review your business plan to avoid which of the following:
Confirmation Bias
Silo Mentality
Proprietary Disclosures
Contingency Plans
Management Agreements Answer - Confirmation Bias
Ms. Studebaker finds herself lacking _______________ skills, therefore she will
hire a manger to oversee the employees at her store. Answer - Managerial
Ms. Studebaker hired additional baking staff, and she does not want them to
tell others about her secret recipe. She should have them sign a:
Wage/Benefit Statement
Non-Disclosure Agreement
Proprietary Agreement
Non-Compete Clause
Third Party Contract Answer - Non-Disclosure Agreement
Ms. Studebaker plans to retire and move to Florida. Before doing so, she must
develop which of the following to pass on her business?
Partnership Agreement
,Non-Disclosure Agreement
Succession Plan
Proprietary Contract
Managerial Plan Answer - Succession Plan
Ms. Studebaker wants her employees to be grouped based on the tasks that
they perform. She would select which type of organizational structure?
Flat
Divisional
Self-Managed
Matric
Functional Answer - Functional
Ms. Studebaker wants her employees to have autonomy and a sense of
equality. She should select which type of organizational structure?
Flat
Divisional
Self-Managed
Matrix
Functional Answer - Self-Managed
Ms. Studebaker wants to define the financial relationship with her business
partner, she should have which of following documents drawn up?
Management Plan
, Self-Managed Organizational Structure
Non-Disclosure Agreement
Proprietary Clause
Partnership Agreement Answer - Partnership Agreement
Which of the following is a reason that you may need to hire additional team
members?
To Gain Specialized Knowledge
To Comply with Local Ordinances
To Receive Tax Incentives
To Gain More Customers
As a Contingency Plan Answer - To Gain Specialized Knowledge
Which of the following involves a breakdown in collaboration and
communication?
Outsourcing
Bad Organizational Structure
Non-Disclosure Agreements
Silo Mentality
Proprietary Disclosures Answer - Silo Mentality
Which of the following is not a factor for choosing an organizational structure?
Communication
Efficiency
