BUSI 439 Final Exam Questions with Correct Answers Latest Update 2025/2026
A Board of ___________ may be helpful but is not required for a business; however, in some
cases, a Board of ___________ may be legally required. - Answers 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. - Answers 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 - Answers 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 - Answers 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 - Answers Confirmation Bias
,Ms. Studebaker finds herself lacking _______________ skills, therefore she will hire a manger to
oversee the employees at her store. - Answers 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 - Answers 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 - Answers 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 - Answers 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 - Answers 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 - Answers 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 - Answers 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 - Answers Silo Mentality
Which of the following is not a factor for choosing an organizational structure?
Communication
Efficiency
Documentation
Company Culture
Collaboration - Answers Documentation
Which of the following causes people to prefer information and opinions that match what they
already believe?
Management Bias
Confirmation Bias
Second-Hand Bias
Silo Mentality
Self-Management Errors - Answers Confirmation Bias
Which of the following is your primary task when assessing your management plan?
Assuring Smooth Management Structure
Refining Your Contingency Plan
Understanding Your Skills and Skill Gaps
Identifying Applicable Insurance Needs
Assessing Customer Demographics - Answers Understanding Your Skills and Skill Gaps
Which of the following is not one of the typical skills you need to assess when defining your
A Board of ___________ may be helpful but is not required for a business; however, in some
cases, a Board of ___________ may be legally required. - Answers 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. - Answers 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 - Answers 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 - Answers 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 - Answers Confirmation Bias
,Ms. Studebaker finds herself lacking _______________ skills, therefore she will hire a manger to
oversee the employees at her store. - Answers 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 - Answers 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 - Answers 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 - Answers 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 - Answers 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 - Answers 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 - Answers 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 - Answers Silo Mentality
Which of the following is not a factor for choosing an organizational structure?
Communication
Efficiency
Documentation
Company Culture
Collaboration - Answers Documentation
Which of the following causes people to prefer information and opinions that match what they
already believe?
Management Bias
Confirmation Bias
Second-Hand Bias
Silo Mentality
Self-Management Errors - Answers Confirmation Bias
Which of the following is your primary task when assessing your management plan?
Assuring Smooth Management Structure
Refining Your Contingency Plan
Understanding Your Skills and Skill Gaps
Identifying Applicable Insurance Needs
Assessing Customer Demographics - Answers Understanding Your Skills and Skill Gaps
Which of the following is not one of the typical skills you need to assess when defining your
