Business Administration Exam test
quiz and answers graded A+
Franchise - ANS✅✅a contractual agreement between a parent company and a franchisee to
distribute goods and services
Corporation - ANS✅✅a form of business ownership that is owned by stockholders who have
purchased units or shares of the company
Elastic Demand - ANS✅✅demand that changes according to changes in price
Inelastic Demand - ANS✅✅demand that is not affected by changes in price.
Unitary Demand - ANS✅✅when sales remain the
same because changes in supply and demand are equal
Tort - ANS✅✅a private wrongdoing that potentially harms another person or entity
Doctrine of Sovereign Immunity - ANS✅✅the universally accepted principle that each nation has
the right to manage its own government and develop
its own laws.
Job Enlargement - ANS✅✅combining different tasks into one position
Job Rotation - ANS✅✅moving from one job to another job within an organization
Specialization by Trade - ANS✅✅the type of work that a person performs in order to earn a living,
such as engineering, public-relations, or accounting.
Frictional Unemployment - ANS✅✅occurs because there are always workers who are in transition
, Structural Unemployment - ANS✅✅when the demand for certain types of workers declines and is
often due to technology advancements and the need for new skills
Cyclical Employment - ANS✅✅result of changes in the economic and business cycles
Wage Garnishments - ANS✅✅court-ordered initiatives that involve taking income taken from an
employee's salary and submitting it to another person or organization
Embezzlement - ANS✅✅theft of valuables that have been entrusted to another's care
Securities Fraud - ANS✅✅the use of misleading sales tactics to persuade investors to purchase
securities
Espionage - ANS✅✅revealing confidential information without the source or owner's permission
and is often associated with spying
Variety-seeking Buying Behavior - ANS✅✅involves the purchase of routine items
Brand-insistence Buying Behavior - ANS✅✅buyer will not buy anything other than a specific
brand or product
Automation - ANS✅✅involves the use of machines to carry out production tasks
Ergonomics - ANS✅✅the study of the use of equipment or technology and
its effects on workers' physical well-being
Innovation - ANS✅✅taking action to make the idea, item, or process available for consumers to
use
Business-format Franchise - ANS✅✅involves a close,continuous, working relationship between the
franchisor and the franchisee
Customer Complaints - ANS✅✅related to the business's policies and procedures
quiz and answers graded A+
Franchise - ANS✅✅a contractual agreement between a parent company and a franchisee to
distribute goods and services
Corporation - ANS✅✅a form of business ownership that is owned by stockholders who have
purchased units or shares of the company
Elastic Demand - ANS✅✅demand that changes according to changes in price
Inelastic Demand - ANS✅✅demand that is not affected by changes in price.
Unitary Demand - ANS✅✅when sales remain the
same because changes in supply and demand are equal
Tort - ANS✅✅a private wrongdoing that potentially harms another person or entity
Doctrine of Sovereign Immunity - ANS✅✅the universally accepted principle that each nation has
the right to manage its own government and develop
its own laws.
Job Enlargement - ANS✅✅combining different tasks into one position
Job Rotation - ANS✅✅moving from one job to another job within an organization
Specialization by Trade - ANS✅✅the type of work that a person performs in order to earn a living,
such as engineering, public-relations, or accounting.
Frictional Unemployment - ANS✅✅occurs because there are always workers who are in transition
, Structural Unemployment - ANS✅✅when the demand for certain types of workers declines and is
often due to technology advancements and the need for new skills
Cyclical Employment - ANS✅✅result of changes in the economic and business cycles
Wage Garnishments - ANS✅✅court-ordered initiatives that involve taking income taken from an
employee's salary and submitting it to another person or organization
Embezzlement - ANS✅✅theft of valuables that have been entrusted to another's care
Securities Fraud - ANS✅✅the use of misleading sales tactics to persuade investors to purchase
securities
Espionage - ANS✅✅revealing confidential information without the source or owner's permission
and is often associated with spying
Variety-seeking Buying Behavior - ANS✅✅involves the purchase of routine items
Brand-insistence Buying Behavior - ANS✅✅buyer will not buy anything other than a specific
brand or product
Automation - ANS✅✅involves the use of machines to carry out production tasks
Ergonomics - ANS✅✅the study of the use of equipment or technology and
its effects on workers' physical well-being
Innovation - ANS✅✅taking action to make the idea, item, or process available for consumers to
use
Business-format Franchise - ANS✅✅involves a close,continuous, working relationship between the
franchisor and the franchisee
Customer Complaints - ANS✅✅related to the business's policies and procedures
