Business Management Basics Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Which is not one of the assessments for situational favorability?

Question 2 2. Which financial statement is prepared first?

Question 3 3. Why would a company consider implementing a matrix organizational structure?

Question 4 4. True or False. Formal communication channels follow a chain of command.

Question 5 5. Which one of the following is the best explanation of horizontal communication?

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Question 6 6. Chris owns Fix It Fast, a small hardware store. While chatting with a woman on the bus, Chris learns that she is looking for a small garden rake so her grandson can help with the chores. Chris describes the various rakes available at Fix It Fast and the pleased woman pulls out a phone and orders one on the spot from the company website. Chris is acting as a…

Question 7 7. When preparing a financial statement, which document shows how much money is made and spent by a company during a given time period?

Question 8 8. Which is an advantage of a functional organizational structure?

Question 9 9. These skills require communication and attention to relationships:

Question 10 10. After their annual performance reviews, Stacy tells her coworker, Rachel, her new salary. Rachel is furious to find out that Stacy, who has only been at the company for one year, is now making just as much money as she is because Stacy is always gossiping instead of working. Rachel's reaction is an example of which motivational theory?

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Question 11 11. What is an example of representative participation?

Question 12 12. Conceptual, technical, and human skills

Question 13 13. Which is not one of the situations identified in the theory?

Question 14 14. According to Maslow's hierarchy of needs, Harold, who is motivated and rewarded for his hard work, finds his needs met at the _____ level of the pyramid, while Rob, who just has a job for employment, finds his needs met at the _____ level of the pyramid.

Question 15 15. What is the reporting structure in a functional organizational structure?

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Question 16 16. Which famous psychologist lends support to participatory leadership theory?

Question 17 17. Why might a company use task rotation?

Question 18 18. Who is the founding father of scientific management theory?

Question 19 19. Your cookware company generated net sales of $5,000,000 last year and had a net operating profit of $250,000. What was your operating margin?

Question 20 20. Which of the following was NOT one of Mayo's conclusions after evaluating the results of the Hawthorne Studies?

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Question 21 21. Which one of the following is not a method of departmentalization?

Question 22 22. Employee participation is subject to which of the following constraints?

Question 23 23. Who developed 14 administrative principles?

Question 24 24. Oral communication is NOT a good choice when

Question 25 25. What are the entries called that close temporary accounts?

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Question 26 26. Which is an advantage of a matrix organizational structure?

Question 27 27. Who is not an administrative management theorist?

Question 28 28. Jose is the sales manager at Miracle Pill Pharmaceutical Company. Susan, a new member of the team, is simply not on target for making her quota this month. Jose schedules time to sit down with her and individually break down each step of a successful sales call. He hopes to help her identify where she can make specific changes and improve. Jose is acting as a…

Question 29 29. Why would a company considering implementing a functional organizational structure?

Question 30 30. Why is learning about participatory leadership important?

Business Management Basics Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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