Business Management

Business Management UNIT 3_4 EXAM questions & answers

Business Management Final Review Quizzes & Ans Rated 100% Correct!!

Business Management Test Questions With 100% Correct Solutions.

Business Management Certification Exam Questions With Complete Solutions.

IB Business Management definitions 2024 Mission Statement - answerA positive statement setting out a business's core aims in order to motivate employees and engage the interest of external stakeholders. Cooperative - answerA group of individuals (workers, consumers or producers) working together to meet common goals. Corporate Social Responsibility (CSR) - answerRelates to the social, ethical, and environmental responsibilities identified by businesses & the strategies that they adopt to ...

Small Business Management Final Exam With Complete Solutions independent; local - answerIn order for a business to be classified as small, its management is _____ and the area of operation is primarily _____ self-employment - answerA major reason for the increased interest in small businesses is there is a growing trend toward _____ new ideas; services - answerOne of the contributions of small businesses is that they are sources of _____ or _____ that larger businesses may be unable to pr...

1. One of the main functions of the legal procedure is to A. establish laws. B. enact legislation. C. resolve disputes. D. dissolve businesses. - Answer C 2. Marsha wants to invest her savings in a business. However, she wants to protect all of her personal assets. Which type of business ownership would be most appropriate for Marsha? A. Sole proprietorship B. Franchise C. Partnership D. Corporation - Answer D 3. Which of the following statements regarding company policies is true...

Business Management Exam #1 Questions And Answers A manager's responsibility - ANS to obtain organizational objectives through efficient and effective utilization of resources Managers resources - ANS human, financial, physical & informational Three of the most important traits for a manager - ANS -integrity -industriousness -ability to get along with others 3 management skills - ANS -technical -interpersonal -decision making management functions (4) - ANS plannin...

Business Management Exam 2 100% Solved Correctly 2024 True - answerInternational business involves the buying, selling, and trading of goods and services across national boundaries. True False True - answerNations trade with other nations to obtain resources that would otherwise be unavailable to them True False False - answerFit Rite Fasteners, a firm based in the United States, buys metal parts from China to manufacture its fasteners. In doing so, the company is engaged in exporting...

Business Management UNIT 3/4 EXAM Questions With 100% Correct Answers 2024 Sole Trader - answerBusinesses owned and operated by a single individual. Advantage: -Owner has complete control over all decisions in the business - The owner has the right to keep all the profits after taxes Disadvantage: - Unlimited liability for business debts - Burden of management and failure all falls to the owner Partnership - answerBusinesses that are owned by a minimum of 2 and a maximum of 20 people. ...