MTLE Business: Organizations & Management 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. Why do lower level managers have a more interpersonal role than managers at higher levels?

Question 2 2. Hannah, Liz, and Stacey started a limited liability company, an online jewelry business that really took off. In its first year, The Triple Bedazzle company brought in $60,000 in profits. Since the three women had previously decided to split the profits equally, they each made an income of $20,000. How will The Triple Bedazzle company's income tax be handled on its $60,000 profit?

Question 3 3. A limited liability company is a hybrid of which two business structures?

Question 4 4. John and Mark have opened a law firm through a general partnership agreement. They have been solid friends since law school. However, if times get tough and Mark runs out on the practice, is John protected by the partnership arrangement against the partnership debts?

Question 5 5. Which feature of a limited liability company is most like that of a partnership?

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Question 6 6. What were the workers guilty of according to the verdict in the Cordwainer's Case of 1806?

Question 7 7. Sylvia is a manager at an accounting services firm. She is designing a four-step process based on the functions of management, which include:

Question 8 8. Some business organizations are created as 'flow-through entities.' Others can elect for this type of arrangement. Which of the following best describes a 'flow-through entity'?

Question 9 9. Which of the following is an accurate statement regarding the rules of collective bargaining?

Question 10 10. Doug has found an attractive piece of land in a popular suburb north of Pittsburgh. He envisions developing the property into an area with many eateries and boutique shops surrounded by upscale townhomes, but he does not have the money to invest like his friend, James. Doug and James decide to form a _____, which will allow James to contribute his capital, receive a share of the profits, but limit his liability. Doug will manage the day-to-day operations.

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Question 11 11. How did The National Labor Relations Act help organized labor?

Question 12 12. To prepare means to:

Question 13 13. What's the best example of a distributive bargaining strategy?

Question 14 14. In which of these organizational structures are functional areas highly integrated and dependent on each other?

Question 15 15. What is the primary reason a business would decide to become a corporation over any other form of organization?

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Question 16 16. What is the primary goal of the collective bargaining process?

Question 17 17. What do you call the documentation that governs the corporation's activities?

Question 18 18. How did the American Federation of Labor (AFL) differ to the Industrial Workers of the World (IWW)?

Question 19 19. What's the best example of integrative bargaining?

Question 20 20. _____ is often called the fifth function of management. It involves the evaluation, recruitment, selection, training and placement of individuals in specific job roles.

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Question 21 21. Which of the following is the primary law that governs collective bargaining?

Question 22 22. Which of these best describes when an integrative strategy will work best?

Question 23 23. Which of the following laws authorized the creation of the Federal Mediation and Conciliation Service?

Question 24 24. Which of the following is a mandatory subject of bargaining?

Question 25 25. Which of these organizational structures is based on a formal, centralized network and is best suited for companies that operate in a stable and certain environment?

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Question 26 26. Why do unions and company management enter into collective bargaining?

Question 27 27. What happened during the Pullman Strike?

Question 28 28. Which of the following was a cause of the decline of union membership and influence in the United States?

Question 29 29. Why did public opinion occasionally turn against unionized workers who went on strike?

Question 30 30. What's a collective bargaining agreement?

MTLE Business: Organizations & Management 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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