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- 1. Multiple Choice
Middle management is responsible for
Overseeing and monitoring the performance of subordinate managers while making sure the objectives of top management are accomplished.
They are responsible for directly supervising the behavior of employees performing necessary daily tasks.
A main responsibility is to develop future plans for the business and how they will operate.
Managing the demands of stakeholders to make sure the board of directors remain happy.
- 2. Multiple Choice
Upper management is responsible for
The are responsible for hiring front line workers to make sure only the best individuals work for the company.
They are responsible for directly supervising the behavior of employees performing necessary daily tasks.
They are responsible for managing the individual stores or units of the business.
They develop future plans for the business. Making sure the company is profitable, growing, and has a strategy for continued success.
- 3. Multiple Choice
Which of the following is NOT a way management uses to motivate employees.
intrinsic rewards
extrinsic rewards
spousal support
offering time off
- 4. Multiple Choice
The upper management leadership style will often
have no effect on lower level management actions
have no effect on lower level management actions
influence how lower level managers operate
have no effect on how employees behave
- 5. Multiple Choice
have no effect on how employees behave
You have no responsibility for the toxic chemical. The decision was made on a higher management level.
Report the findings to your manager and make sure employees are handling the product safely.
It is your responsibility to remove the product and make sure it is not used again
You must go to the media and report what has been happening in your company
- 6. Multiple Choice
The following are ways business' reduce their risk EXCEPT
Borrow as much money as they can to begin with because they may not get to borrow more money later
Performing financial analysis often to monitor their financial position and make decisions
Insure against natural disaster losses. One way to mitigate risk is to get insurance to cover potential losses
Monitor societal trends and make adjustments to product and processes to stay relevant
- 7. Multiple Choice
What is a business cycle?
It is the cyclical response to customers, how products change and then go back to the way they were before
It is the life cycle of the industry, how it starts, expands, then contracts
It is the life cycle of the business, it starts, operates, then ends
It is the natural expansion and contraction of economic activity
- 8. Multiple Choice
What is considered fiscal policy
The government prints money so more is available to the American consumer
The government incentivizes industry and individuals to borrow money
The government spends money to spur economic activity as in stimulus spending
The government reduces the interest rate charged to banks so people can borrow at a lower cost
- 9. Multiple Choice
What monetary policy is used by the government to reduce the duration of a recession
The government changes currency type to reset the economy
Reducing the interest rate paid by banks so individual can borrow at lower interest rates
The government raises the interest rate so people earn more on their savings
The government takes money out of the system to make it worth more
- 10. Multiple Choice
In economics GDP stands for
Government designed prosperity
Gold derivatives price
Grand design placement
Gross domestic product
- 11. Multiple Choice
When GDP is going down, it usually means that
The economy is heading to a recession and should be monitored
The economy is doing well and the government should stay the course
The economy has bottomed out and is heading to a recovery
The economy is in a deep recession and the government should do something immediately
- 12. Multiple Choice
During times of high inflation, what are happening to the price of goods?
government holds prices steady
prices are decreasing
prices are increasing
nothing is happening to prices
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