2.02 Business Management I Exam
Questions with Latest Update
Benefits - ANSWER-Advantages or payments employees receive in addition to their
wages (e.g., sick time, holiday pay, health insurance)
Commission - ANSWER-A percentage of the total sale amount paid to the individual or
business that makes the sale
Compensation - ANSWER-Pay or wages for work completed
Continuous - ANSWER-Ongoing; without stopping
Controlling - ANSWER-The management function that monitors the work effort
Dimension - ANSWER-Aspect; feature
Directing - ANSWER-The management function of providing guidance to workers and
work projects
Dynamic - ANSWER-Changing; changeable
Human resources - ANSWER-People who work to produce goods and services
Job description - ANSWER-Explanation of responsibilities and tasks associated with a
specific job
Job specification - ANSWER-Explanation of the skills, knowledge, and characteristics
required for a job
Mission - ANSWER-The business or organization's purpose for existing
Morale - ANSWER-The state of a person's attitude or outlook on life that affects his/her
approach to work
Negotiation - ANSWER-The process of one party reaching an agreement with another
party to meet specific needs or wants
Obsolete - ANSWER-Outdated; useless
Onboarding - ANSWER-Staffing tasks that must be performed when a new employee
joins the company (e.g., orientation and paperwork)
Questions with Latest Update
Benefits - ANSWER-Advantages or payments employees receive in addition to their
wages (e.g., sick time, holiday pay, health insurance)
Commission - ANSWER-A percentage of the total sale amount paid to the individual or
business that makes the sale
Compensation - ANSWER-Pay or wages for work completed
Continuous - ANSWER-Ongoing; without stopping
Controlling - ANSWER-The management function that monitors the work effort
Dimension - ANSWER-Aspect; feature
Directing - ANSWER-The management function of providing guidance to workers and
work projects
Dynamic - ANSWER-Changing; changeable
Human resources - ANSWER-People who work to produce goods and services
Job description - ANSWER-Explanation of responsibilities and tasks associated with a
specific job
Job specification - ANSWER-Explanation of the skills, knowledge, and characteristics
required for a job
Mission - ANSWER-The business or organization's purpose for existing
Morale - ANSWER-The state of a person's attitude or outlook on life that affects his/her
approach to work
Negotiation - ANSWER-The process of one party reaching an agreement with another
party to meet specific needs or wants
Obsolete - ANSWER-Outdated; useless
Onboarding - ANSWER-Staffing tasks that must be performed when a new employee
joins the company (e.g., orientation and paperwork)
