FBLA Management Decision Making
Question 1.
business owners' personal financial contributions to the business
ANSWER
equity capital (owner capital )
Question 2.
the science of adapting equipment to the work and health needs of people
ANSWER
ergonomics
Question 3.
the currency of the European Union
ANSWER
euro
Question 4.
a trading bloc of European countries
ANSWER
European Union (EU)
Question 5.
the value of one country's currency of another
ANSWER
exchange rate
Question 6.
sales tax that applies only to selected goods and services, such as gasoline
ANSWER
excise tax
Question 7.
information system that combines and summarizes ongoing transactions within the company to provide top-level executives with
information needed to make decisions affecting the goals and direction of an organization
ANSWER
executive information system (EIS)
, Question 8.
a written summary of a longer report including concise analysis, recommendations, and conclusions
ANSWER
executive summary
Question 9.
a top-level manager who spends almost all of his time on management functions and decisions that affect the entire company
ANSWER
executive
Question 10.
occupations in which the people are fully responsible for the success or failure of the company
ANSWER
executive/entrepreneur occupations
Question 11.
a formal interview with an employee who is leaving the company to determine the person's attitudes and feeling about the company
and seek suggestions for improving the company
ANSWER
exit interview
Question 12.
power given to people because of their superior knowledge about the work
ANSWER
expert power
Question 13.
when a company sells its goods and services to buyers in a foreign country
ANSWER
exporting
Question 14.
a product that includes additional features that are not part of the physical product but increase its usability
ANSWER
extended product
, Question 15.
a private network that companies use to share certain information with selected people outside the organization, such as suppliers
and major customers
ANSWER
extranet
Question 16.
a firm that specializes in lending money to businesses based on the business's accounts recievable
ANSWER
factor
Question 17.
land, labor, capital goods, and management - the four basic resources that are combined to create useful goods and services
ANSWER
factors of production
Question 18.
federal law that prescribes standards for wages and overtime pay
ANSWER
Fair Labor Standards Act (FLSA)
Question 19.
advertising that is misleading in some important way, including the failure to reveal facts about possible results from using the
advertised products
ANSWER
false advertising
Question 20.
federal law that entitles eligible employees to take unpaid leave for specified family and medical reasons
ANSWER
Family Medical Leave Act (FMLA)
Question 21.
a federal agency that insures deposits in banks and savings institutions
ANSWER
Federal Deposit Insurance Corporation (FDIC)
Question 1.
business owners' personal financial contributions to the business
ANSWER
equity capital (owner capital )
Question 2.
the science of adapting equipment to the work and health needs of people
ANSWER
ergonomics
Question 3.
the currency of the European Union
ANSWER
euro
Question 4.
a trading bloc of European countries
ANSWER
European Union (EU)
Question 5.
the value of one country's currency of another
ANSWER
exchange rate
Question 6.
sales tax that applies only to selected goods and services, such as gasoline
ANSWER
excise tax
Question 7.
information system that combines and summarizes ongoing transactions within the company to provide top-level executives with
information needed to make decisions affecting the goals and direction of an organization
ANSWER
executive information system (EIS)
, Question 8.
a written summary of a longer report including concise analysis, recommendations, and conclusions
ANSWER
executive summary
Question 9.
a top-level manager who spends almost all of his time on management functions and decisions that affect the entire company
ANSWER
executive
Question 10.
occupations in which the people are fully responsible for the success or failure of the company
ANSWER
executive/entrepreneur occupations
Question 11.
a formal interview with an employee who is leaving the company to determine the person's attitudes and feeling about the company
and seek suggestions for improving the company
ANSWER
exit interview
Question 12.
power given to people because of their superior knowledge about the work
ANSWER
expert power
Question 13.
when a company sells its goods and services to buyers in a foreign country
ANSWER
exporting
Question 14.
a product that includes additional features that are not part of the physical product but increase its usability
ANSWER
extended product
, Question 15.
a private network that companies use to share certain information with selected people outside the organization, such as suppliers
and major customers
ANSWER
extranet
Question 16.
a firm that specializes in lending money to businesses based on the business's accounts recievable
ANSWER
factor
Question 17.
land, labor, capital goods, and management - the four basic resources that are combined to create useful goods and services
ANSWER
factors of production
Question 18.
federal law that prescribes standards for wages and overtime pay
ANSWER
Fair Labor Standards Act (FLSA)
Question 19.
advertising that is misleading in some important way, including the failure to reveal facts about possible results from using the
advertised products
ANSWER
false advertising
Question 20.
federal law that entitles eligible employees to take unpaid leave for specified family and medical reasons
ANSWER
Family Medical Leave Act (FMLA)
Question 21.
a federal agency that insures deposits in banks and savings institutions
ANSWER
Federal Deposit Insurance Corporation (FDIC)
