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BUSI 439 Final Questions with Correct Answers |
Updated (100% Correct Answers)
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
© 2026 All rights reserved
,2
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
© 2026 All rights reserved
,3
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
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, 4
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
© 2026 All rights reserved
BUSI 439 Final Questions with Correct Answers |
Updated (100% Correct Answers)
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
© 2026 All rights reserved
,2
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
© 2026 All rights reserved
,3
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
© 2026 All rights reserved
, 4
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
© 2026 All rights reserved
