Intro to Business Management Final Exam
Study Guide| 2026 UPDATE | 779
QUESTIONS AND ANSWERS | WITH
COMPLETE SOLUTION!!
A business process for improving quality, reducing costs, and
increasing customer satisfaction - ANSWERS-Six Sigma
a reduction in the rate of inflation - ANSWERS-Disinflation
A business owned by one person and is considered to be the simplest
type of business ownership - ANSWERS-Sole Proprietorship
cooperative - ANSWERS-A locally-operated credit union is an example
of a
is software that can help managers analyze the financial state of the
company, and provide insight into key business issues. - ANSWERS-
Business Intelligence Software
the dimension of social responsibility that includes charitable
donations - ANSWERS-corporate philanthropy
, programs designed to teach employees how to respond to the types of
ethical dilemmas that might arise on their jobs - ANSWERS-ethics
training programs
describes all the activities managers do to help companies create
goods - ANSWERS-production management
form of partnership where one or more partners are not active in the
daily running of the business, and whose liability for the partnership's
debt is restricted to the amount invested in the business - ANSWERS-
limited partnership
technical skills - ANSWERS-Jimmy is very skilled lead programmer. He
is well-versed not only in his job, but also in all aspects of the work
performed by his employees, and he can successfully coach and guide
them in carrying out their specific tasks. Jimmy demonstrates a high
level of __________.
oversees the day-to-day operations of a company - ANSWERS-Chief
Operating Officer
designed to run firms in other countries out of business, designed to
decrease trade wars between countries, a deliberate attempt to
artificially lower the value of a good or service. - ANSWERS-Dumping is
Planning, Organizing, Controlling, and Leading - ANSWERS-Functions of
management
Study Guide| 2026 UPDATE | 779
QUESTIONS AND ANSWERS | WITH
COMPLETE SOLUTION!!
A business process for improving quality, reducing costs, and
increasing customer satisfaction - ANSWERS-Six Sigma
a reduction in the rate of inflation - ANSWERS-Disinflation
A business owned by one person and is considered to be the simplest
type of business ownership - ANSWERS-Sole Proprietorship
cooperative - ANSWERS-A locally-operated credit union is an example
of a
is software that can help managers analyze the financial state of the
company, and provide insight into key business issues. - ANSWERS-
Business Intelligence Software
the dimension of social responsibility that includes charitable
donations - ANSWERS-corporate philanthropy
, programs designed to teach employees how to respond to the types of
ethical dilemmas that might arise on their jobs - ANSWERS-ethics
training programs
describes all the activities managers do to help companies create
goods - ANSWERS-production management
form of partnership where one or more partners are not active in the
daily running of the business, and whose liability for the partnership's
debt is restricted to the amount invested in the business - ANSWERS-
limited partnership
technical skills - ANSWERS-Jimmy is very skilled lead programmer. He
is well-versed not only in his job, but also in all aspects of the work
performed by his employees, and he can successfully coach and guide
them in carrying out their specific tasks. Jimmy demonstrates a high
level of __________.
oversees the day-to-day operations of a company - ANSWERS-Chief
Operating Officer
designed to run firms in other countries out of business, designed to
decrease trade wars between countries, a deliberate attempt to
artificially lower the value of a good or service. - ANSWERS-Dumping is
Planning, Organizing, Controlling, and Leading - ANSWERS-Functions of
management
