MG110
1. Jenny has a small shop in a small town where she creates hand-made pottery gifts. The items are very nice, but many times customers bring them back broken, as they are very fragile. She needs to change the product so that the breakage is reduced. Which of the following could not solve her problem? (Points : 5) a. Change the inputs
b. Change the processes
c. Change the structure
d. Change the feedback
e. All of the above
Question 2. 2. Which of the following subsystems is not considered a major business subsystem? (Points : 5) a. Management
b. Personnel
c. Marketing
d. Operations
e. Administration
Question 3. 3. Which of the following would be considered a required social responsibility of a business? (Points : 5) a. Screening off the sight of the industrial waste dump so the community does not have to see it.
b. Declaring a dividend for the stockholders.
c. Paying a bonus to executives.
d. Matching the discount given by competitors, if asked.
Question 4. 4. Which of the following business structures carries the greatest personal risk of asset loss for an owner? (Points : 5) a. Sole proprietorship
b. General partnership
c. Limited partnership
d. Corporation
Question 5. 5. Which of the following business structures is the least difficult to start? (Points : 5) a. Sole proprietorship
b. General partnership
c. Limited partnership
d. Corporation
Question 6. 6. The least likely method for an entrepreneur to use in starting a business is: (Points : 5) a. Buy an existing business
b. Build from the bottom up
c. Operate a franchise
Question 7. 7. Which of the following offers the greatest probability of success in a business? (Points : 5) a. An entrepreneurial spirit
b. A patent on a publicly acclaimed product
c. A positive feasibility study
d. A business plan adapted from a similar business
Question 8. 8. Which of the following managerial functions is primarily oriented toward effectiveness? (Points : 5) a. Staffing
b. Leading
c. Organizing
d. Planning
Question 9. 9. Which of the following is not a function of management? (Points : 5) a. Planning
b. Organizing
c. Staffing
d. Directing
None of the above
Question 10. 10. If you are a manager with the responsibility to implement a plan with a time horizon of about 12 months, which type of plan would you most likely be implementing? (Points : 5) a. Operational
b. Strategic
c. Tactical
d. Preliminary
1. Jenny has a small shop in a small town where she creates hand-made pottery gifts. The items are very nice, but many times customers bring them back broken, as they are very fragile. She needs to change the product so that the breakage is reduced. Which of the following could not solve her problem? (Points : 5) a. Change the inputs
b. Change the processes
c. Change the structure
d. Change the feedback
e. All of the above
Question 2. 2. Which of the following subsystems is not considered a major business subsystem? (Points : 5) a. Management
b. Personnel
c. Marketing
d. Operations
e. Administration
Question 3. 3. Which of the following would be considered a required social responsibility of a business? (Points : 5) a. Screening off the sight of the industrial waste dump so the community does not have to see it.
b. Declaring a dividend for the stockholders.
c. Paying a bonus to executives.
d. Matching the discount given by competitors, if asked.
Question 4. 4. Which of the following business structures carries the greatest personal risk of asset loss for an owner? (Points : 5) a. Sole proprietorship
b. General partnership
c. Limited partnership
d. Corporation
Question 5. 5. Which of the following business structures is the least difficult to start? (Points : 5) a. Sole proprietorship
b. General partnership
c. Limited partnership
d. Corporation
Question 6. 6. The least likely method for an entrepreneur to use in starting a business is: (Points : 5) a. Buy an existing business
b. Build from the bottom up
c. Operate a franchise
Question 7. 7. Which of the following offers the greatest probability of success in a business? (Points : 5) a. An entrepreneurial spirit
b. A patent on a publicly acclaimed product
c. A positive feasibility study
d. A business plan adapted from a similar business
Question 8. 8. Which of the following managerial functions is primarily oriented toward effectiveness? (Points : 5) a. Staffing
b. Leading
c. Organizing
d. Planning
Question 9. 9. Which of the following is not a function of management? (Points : 5) a. Planning
b. Organizing
c. Staffing
d. Directing
None of the above
Question 10. 10. If you are a manager with the responsibility to implement a plan with a time horizon of about 12 months, which type of plan would you most likely be implementing? (Points : 5) a. Operational
b. Strategic
c. Tactical
d. Preliminary
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