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Intro to Business: Business Procedures FBLA Exam|124 Questions and Answers
Intro to Business: Business Procedures FBLA Exam|124 Questions and Answers
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Intro to Business: Business ProceduresFBLA Exam|124 Questions and Answers
ethics - -moral principles by which people conduct themselves personally,
socially, or professionally
- corporation - -company that is registered by a state and operates apart
from its owners
- franchise - -contractual agreement to use the name and sell the products
or services of a company in a designated geographic area
- intermediary - -a business that moves goods from one business to another
- limited liability - -a claim that holds a firm's owners responsible for no
more than the capital that they have invested in it
- management - -the process of achieving company goals by planning,
organizing, directing, controlling, and evaluating the effective use of
resources
- What kind of company would most likely hire a professional manager? - -a
corporation
- which managerial function comes first when executing business goals? - -
organizing
- What is NOT an aspect of the organizing function? - -creating strategies
- What does an organizational chart show? - -who is in charge of whom in a
firm
- Which deals with non-management workers most often? - -operational
management
- What is NOT part of the leadership function for a manager in charge of a
project? - -hiring employees
- In a large company, to whom would an operational manager generally
report? - -a middle manager
- Hardware - -desktop computers, laptops, phones and wireless devices
- software - -programs and applications
, - server - -central computer that shares data, files, and applications and
allows you and your employees to access the Internet or use the same
printer
- networking devices - -router, hubs, and stitches that tie workstations
together and provide security features, such as firewalls
- documentimaging system - -allows you to covert paper into electronic files
- point-of-sale system - -basically an electronic cash register that allows you
to track sales
- database program - -allows you to collect, store, and organize data, such
as contact information for you customers, suppliers, and vendors
- CRM software - -customer relationship management software used for
sales and marketing, which organizes contact information for current and
prospective customers, and allows multiple users to track customers' buying
habits
- email marketing software - -used to promote your business via electronic
newsletters that helps you develop targeted, spam-free emails to send to
your distribution lists
- ERP system - -enterprise resource planning system that pulls from both
hardware and software programs to integrate various functions, such as
distribution, shipping, and invoicing. It can be used to help a business owner
figure out the amount of inventory needed to prevent overstocking.
- accounting software program - -helps organize your business finances,
track outstanding invoices and figure out how much cash your company has
available.
- business intelligence software - -something a business owner might invest
in that culls data from arious areas and delivers reports and analysis. It can
be used to figure out what's driving profits and pinpoint areas that aren't
running smoothly.
- What management task is part of the controlling function? - -planning
projects
- What is a disadvantage to the line authority structure of management? - -
Managers sometimes lack the specialized help they need.
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