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Business Administration Core Exam (1) Questions & 100% Verified Correct Answers with complete solutions (Latest update

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Business Administration Core Exam (1) Questions & 100% Verified Correct Answers with complete solutions (Latest update

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  • August 14, 2024
  • 1
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • business administration core exam 1

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Business Administration Core Exam
A corporation is owned by stockholders who have purchased stock. If you invest in the
corporation, you will be one of the owners who will share in the profits of the business but will
not be responsible for the day-to-day operations. - ANS-Corporation

an agreement in which all partners are liable for a business's losses - ANS-General Partnership

a form of business ownership in which the business is owned by one person - ANS-A Sole
Proprietorship

a contractual agreement between a parent company and a franchisee to distribute goods or
services - ANS-Franchise

Government agencies and departments collect relevant information concerning many issues
and publish the information in a written format. Therefore, government publications are a good
source of relevant, valid written material that may be useful to businesses. - ANS-Government
Publications

Let the speaker know that the message has been received and understood. Active listening is
primarily about understanding a speaker's meaning, not about communicating your agreement
or voicing your own opinion. Active listening can help to make boring lectures more interesting,
but that is not its purpose. - ANS-The purpose of active listening is to

accomplishes its intended purpose. - ANS-A characteristic of affective communication is that it

Contact information, product model number, and manufacturer. - ANS-A business person is
sending a letter of inquiry to a vendor about the price of a specific piece of office equipment.
What does the businessperson need to include in the letter?

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