BUSINESS 101

What is the concept of business? correct answer: organize that provides good or services to earn profits What is the concept of profits? correct answer: difference between a business's revenues and its expenses What are the external environment of business? correct answer: everything outside an organization's boundaries that might affect it What are the dimensions of the external environment? correct answer: global, political, legal, boundaries, stockholders, technology What is...

Management Functions correct answer: planning, organizing, leading, controlling Flextime correct answer: A schedule that allows workers to choose work hours that fit their particular needs. Theory X and Theory Y correct answer: x- people are lazy and extrinsically motivated y- people are naturally energetic, growth-oriented, self-motivated, and interested in being productive conceptual skills correct answer: The ability to think in the abstract, diagnose, analyze different situat...