MTEL Business (19): Practice & Study Guide Final Exam

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Question 1 1. Of the main categories of managerial roles identified by Henry Mintzberg, which one of the following is further broken down into the roles of monitor, disseminator, and spokesperson?

Question 2 2. The type of system that affords users in different locations access to the same functionality, and in a way that information is shared across all levels and areas of management of an organization is BEST referred to as _____ software.

Question 3 3. Which of the following theories attempted to blend classical management theory with behavioral science, and came into being in the wake of World War II?

Question 4 4. A business partnership is established between two individuals, one of whom only provides the financial resources to establish the enterprise, while the other manages the day-to-day operations of the business and bears full responsibility for the partnership's debts and legal obligations. Based solely on the information presented, the business arrangement in question most likely represents which of the following setups?

Question 5 5. A corporation recognizes income at the time payments are received and expenses when they are paid. Which of the following accounting systems is BEST reflected in the current example?

Question 6 6. An individual interested in changing careers is advised by a career counselor to follow, for a day or two, a seasoned professional who is already employed in the field and role of interest. Seeing the workday routine of the professional in question, the counselor explains, will make it easier to determine if changing careers is realistic, as well as desirable, from the observer's standpoint. The advice offered by the counselor is commonly referred to as which of the following practices?

Question 7 7. Which of the following refers to a type of credit that is similar to a credit card in that an amount of money is available to a borrower to make purchases each month, as long as the charges made to the account, along with interest (i.e. the cost of borrowing money), are paid?

Question 8 8. Which of the following economic models argues that, on a macro level, the economy is not always capable of fixing itself, and that it is up to political and monetary leaders to take corrective actions to bring a struggling economy back to full employment during times of recession?

Question 9 9. The model used by economists to illustrate the balance between injections and leakages in the national economy is BEST referred to as which of the following?

Question 10 10. Which of the following BEST describes the inverse relationship between aggregate unemployment and inflation, as measured by economists?

Question 11 11. Fourteen percent would be expressed as _____ in decimal notation.

Question 12 12. The terminology used in marketing to convey to customers the benefits they are able to derive from using a particular company's product, as well as the values and beliefs espoused by the company in question, is BEST referred to as which of the following?

Question 13 13. A corporation intends to remain viable and sustain its operations into the foreseeable future, without facing liquidation. Which of the following generally accepted accounting principles (GAAP) is BEST reflected in the scenario described?

Question 14 14. An information security method that utilizes complex mathematical algorithms to convert data packets into scrambled code prior to transmission across a network is BEST referred to as which of the following?

Question 15 15. Which of the following individuals is credited with laying the framework for the administrative theory of management, compiling a list of 14 separate principles of management?

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MTEL Business (19): Practice & Study Guide Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

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