Business Management Certification Exam 2022 with complete solution. Graded A. 2022/2023

Business Management Certification Exam 2022 with complete solution Which government agency oversees discrimination in the workplace? >>>Equal Employment Opportunity Commission (EEOC) Which department is responsible f ...

Business Management Certification Exam 2022 with complete solution Which government agency oversees discrimination in the workplace? >>>Equal Employment Opportunity Commission (EEOC) Which department is responsible for hiring, staffing, training, and evaluating an organization's personnel? >>>Human Resources What market strategy uses skimming, penetration, or cost-based methods? >>>Price Which market strategy uses advertising, personal selling, or publicity methods? >>>Promotion What does revenue minus expenses equal? >>>Gross Income Which term describes a set of moral principles or values that govern behavior? >>>Ethics Which term is used when evaluating the level of production at which total revenues from sales equals total expenses incurred? >>>Break Even Point Which TWO questions are legal during a job interview? >>>Are you married? How old are you? What is the written explanation of a company's reason for existence? >>>Mission statement Place the decision-making steps in the correct order from beginning to the end >>>Recognize the problem Identify possible alternatives Select and implement the best alternative Evaluate the results What type of plan is a long-range goal that affects many parts of an organization? >>>Strategic Which financial statement shows revenue, expenses, and profit or loss of a business for a particular period of time? >>>Income statement Asset >>>Anything of value that is owned Owner's equity >>>Financial rights to the assets of a business Liability >>>Amount owed to a creditorWhat is the economic term when Gross Domestic Product (GDP) declines for two consecutive quarters? >>>Recession What is the practice of working at home, while traveling and being able to interact with the office? >>>Telecommunicating What helps to determine the validity of an internet source? >>>Copyright date Legitimate contact information Publisher of the source Which management function includes setting goals and developing strategies >>>Planning What is the economic term used to describe a period of rising prices when the purchasing power of the dollar is falling? >>>Inflation Theory Z >>>Positive work life is the key to increase productivity Theory Y >>>Enjoy work and take satisfaction in high expectations Theory X >>>Managers who believe workers dislike work Herzberg >>>Motivated by recognition Which term best describes the locations used to make the product available to customers? >>>Place Which protection is provided by law for creative work such as music? >>>Copyright Which term refers to the process of influencing people to direct their efforts toward the achievement of particular objectives? >>>Leading Which of the following would be included in a company's code of ethics/conduct? >>>Corporate values Employee behavior .Which technology tools have had an impact on global management? >>>Email Which group would use an autocratic leadership style? >>>Military Which of the following are benefits of international trade? >>>More product choices and lower prices What is a word, name, symbol, or slogan a business uses to identify itself? >>>TrademarkWhat type of business is formed when a company is authorized to act as a legal entity? >>>Corporation Which term describes locating and attracting qualified job applicants? >>>Recruitment Laissez-Faire >>>Minimal supervision Autocratic >>>Make ALL decisions Democratic >>>Encourages exchange of ideas Statement regarding budgets is TRUE? >>>Budgets can help in controlling a business. Place the parts of the distribution channel in the correct order from beginning (Step 1) to the end >>>Manufacturer Wholesaler Retailer Consumer Which financial statement reflects the value of assets, liabilities, and equity of a business on a particular date? >>>Balance sheet What principle is business following when it seeks to become a positive stakeholder in the community? >>>Ethics and social responsibility Which management structure leaves decision-making authority with upper-level managers? >>>Centralized decision making Which term is used when a company assesses its strengths and weaknesses? >>>SWOT analysis: Strengths Weaknesses Opportunities Threats Which term is used for investors who specialize in funding small firms that offer potential for rapid growth? >>>Venture capitalists