Sm Bus Entrepreneur Capter 3 - Practice Materials

_____function of management is when a manager is responsible for organizing a staff and making sure the staff members have the necessary resources to do their jobs. Organizing _____ function of management is when a manager oversees that employees complete jobs on time and follow policies. Leading _____ function of management is when a manager takes the goals and objectives of the company and plans how to achieve them. planning The _____ breaks the business into different departments based on specialties. a.functional organization structure b.divisional organization structure c.matrix organization structure d.all of the above functional organization structure The _____ has team leaders instead of department heads that bring together employees to focus on a project. a.functional organization structure b.divisional organization structure c.matrix organization structure d.all of the above matrix The _____ allows for a business to spread out the functional organization structure because employee jobs are divided by product or region. a.functional organization structure b.divisional organization structure c.matrix organization structure d.all of the above divisional organization structure This was passed to protect Americans who are forty years old and older from discrimination. a.Civil Rights Act of 1964 b.Age Discrimination in Employment Act c.Americans with Disabilities Act d.Family and Medical Leave Act Age Discrimination in Employment Act Employers have to at least pay the federal minimum wage. a.Civil Rights Act of 1964 b.Age Discrimination in Employment Act c.Americans with Disabilities Act d.Fair Labor Standards Act Fair Labor Standards Act Industry description and outlook should be included in this section of a business plan. Market Analysis Organizational structure of the company should be included in this section of a business plan. organization and management In the controlling function of management, the manager _____. a. is responsible for organizing a staff and making sure the staff members have the necessary resources to do their jobs b. observes the company's operation to make sure that goals and objectives are being achieved c. ensures that employees complete jobs on time and follow policies d. takes the goals and objectives of the company and plans how to achieve them observes the company's operation to make sure that goals and objectives are being achieved In the planning function of management, the manager _____. a. is responsible for organizing a staff and making sure the staff members have the necessary resources to do their jobs b. observes the company's operation to make sure that goals and objectives are being achieved c. ensures that employees complete jobs on time and follow policies d. takes the goals and objectives of the company and plans how to achieve them takes the goals and objectives of the company and plans how to achieve them A manager needs to _____ the right number of people and staff them in the most appropriate positions for the company to be successful. a. control b. lead c. organize d. plan organize Classifying authority and power is part of the organization process and structure. t When organizing a business, some of the manager's main departments would include _____. a. sales b. cleaning c. utilities d. human resources a, d Managers are viewed by employees as _____ because managers are their bosses. leaders Managers do not need to motivate employees to want to do their jobs efficiently and effectively. f It is very important that managers monitor the costs of a company and keep track of how it is performing on a _____ basis. a. hourly b. daily c. monthly d. need-to-know b, c Determining performance standards is a stage in the Managerial _____ Process. control Organization structure provides _____ choices for small businesses. 3 _____ organization structure creates a chain of command based on employee positions within the business. functional The _____ organization structure is beneficial to entrepreneurs that have employees responsible for selling different products divisional Advantages of the divisional organization structure are _____. a. each division is able to operate independently from the parent company b. divisions are self-sufficient because they have their own resources c. cheaper to operate d. does not have its own resources a, b The _____ organization structure can be used for international businesses or ones in different geographic regions. matrix Disadvantages of the matrix organization structure are _____. difficult to manage The Occupational Safety and Health Act is enforced by OSHA by inspecting places of work and through investigations. t ____ bans discrimination against employees based on race, religion, national origin, or gender. Civil Rights Act of 1964 Age Discrimination in Employment Act Americans with Disabilities Act Fair Labor Standards Act Civil Rights act The _____ states that employers must provide employees a place to work free from known, serious hazards. a. Occupational Safety and Health Act b. Family and Medical Leave Act c. Fair Labor Standards Act d. Age Discrimination in Employment Act a The _____ states that employees are allowed to take up to 12 weeks of unpaid leave for the adoption of a child. a. Occupational Safety and Health Act b. Family and Medical Leave Act c. Fair Labor Standards Act d. Civil Rights Act of 1964 b The _____ states that children under the age of 16 are restricted in the number of hours they can work. Occupational Safety and Health Act Family and Medical Leave Act Americans with Disabilities Act Fair Labor Standards Act d A _____ is the vision of the business an entrepreneur wants to start or how to improve an existing business. plan management plan marketing plan business plan d A business plan in its simplest form could be a paragraph written on a napkin describing a business strategy. t If looking for potential investors or lenders, an entrepreneur would need to follow the more complex form, including all the key elements. t