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1. Which of the following business education practices would effectively produce graduates with marketable employment skills?
A) Keeping abreast of changes in computer software
B) Creating an itemized list of students currently enrolled in the program
C) Keeping a checklist of equipment and materials to be ordered on an annual basis
D) Maintaining enrollments at consistently high levels
2. Which of the following management styles supports the idea that employees are just a replaceable resource and not the core of the organization?
A) Autocratic
B) Paternalistic
C) Laissez-faire
D) Democratic
3. Which of the following types of statements is referred to as a picture of a company in the future?
A) Closing statement
B) Mission statement
C) Vision statement
D) Value statement
4. According to the marketing concept, the focus of the marketing mix is the
A) employee
B) plan
C) competition
D) customer
5. To calculate the net worth of a business, an entrepreneur should subtract
A) the current liabilities from the owner's equity
B) the liabilities from the total assets
C) the liabilities from the current assets
D) the total expenditures from the total revenue
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: B |
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