GEB1011 FINAL TEST QUESTIONS WITH CORRECT ANSWERS
What is the term for those who work with less experienced employees to learn how to advance within the organization? - Answer- Mentor
When someone is able to act as both a leader and a manager, what type of power to they possess that others oft...
What is the term for those who work with less experienced employees to learn how to
advance within the organization? - Answer- Mentor
When someone is able to act as both a leader and a manager, what type of power to
they possess that others often do not? - Answer- Expert power
Which of the following may be a substitute for leadership? - Answer- Lax individual
professionalism
What area was the earliest research on leadership MOST concerned with? - Answer-
Leadership traits
Few studies have successfully assessed the meaning and impact of charismatic
leadership. - Answer- True
What are the three major classifications of retail outlets in the United States? - Answer-
Product-based retailers, bargain-based retailers, convenience-based retailers
Premiums reward frequent buyers for making repeat purchases. - Answer- False
Which of the following will a large firm utilize when it needs temporary storage space for
a large amount of products in immediate demand? - Answer- Public warehouses
Which of the following is MOST directly related to differences in transportation cost from
mode to mode? - Answer- Delivery speed
In which type of store would you MOST likely find specialized departments based on
types of products? - Answer- A department store
What is the willingness and ability of producers to offer a good for sale referred to as? -
Answer- Supply
Factors such as international trade agreements, economic conditions, and political
unrest will have the greatest impact on what type of business environment? - Answer-
Global business environment
The United States government manages the collection and spending of its revenues
through monetary policy. - Answer- False
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