Fill the sentence. Is the person who directs, supervises and operates a business

3 KURS 1VARIANT

1. 
   A ......... is the person who directs, supervises and operates a business or a section of a business. This person is in a management position but is not always the owner of the company.
   

1. 
   Worker b) manager c) wealthy person d) customer
   

2. 
   When people or departments become highly-skilled in one area of production because they only create or produce one item or one part of an item, ......... occurs.
   

1. 
   Labor b) service c) specialization d) qualification
   

3. 
   .......... is a system where products or parts of products move from one worker to another. This is an efficient system that is used in order to manufacture products in a highly productive manner.
   

1. 
   A labor shortage b) A line of people c) An assembly line d) A line of workers
   

4. 
   When companies split up or divide workers' tasks so that each worker performs one job or task, the process is known as ..........
   

1. 
   division of labor b) student lines c) technology d) services
   

5. 
   Many companies around the world use ........., or make use of scientific advancements, to manufacture new and improved products every day.
   

1. 
   Introductions b) division c) technology d) advertisement
   

6. 
   ......... store huge amounts of information within computer systems that were not in existence 40 years ago.
   

a) Advantages b) Databases c) Assembly lines d) Services
7. In a ......... economy, individuals and businesses own and make most of the decisions about resources. In this type of economy, the people own and control most of the production processes.
a) Modest b) market c) command d) mixed
8. In a ......... economy, individuals and governments own and control production together. They both decide how resources will be used, what will be produced and who will buy and use the products.
a) Market b) mixed c) command d) modest
9. Whether businesses manufacture goods or offer services, all of the money taken in by a business is called ..........
a) Costs b) labor c) revenue d) share
10. Although he had had a bad experience with his business, he treated it as water off a duck's back — means: .........
a) of some importance b) of much importance c) of no importance d) of great importance
11. What is Management?
a) is an arrangement where entities and/or individuals agree to cooperate to advance their interests.
b) is converting raw materials to finished products. It involves a number of factors to be able to produce the goods and services that cater to our needs.
c) is the act of getting people together to accomplish desired goals and objectives efficiently and effectively.
d) is a field that deals with the major intended and emergent initiatives taken by general managers on behalf of owners to environments enhance the performance of firms in their external
12. What is manager?
a) is a business entity owned and managed by one person.
b) is an individual who accepts financial risks and undertakes new financial ventures.
c) is a person tasked with overseeing one or more employees or departments to ensure these employees or departments carry out assigned duties as required.
d) is responsible for establishing and maintaining positive customer relationships, planning and delivering effective sales strategies and monitoring the progress of new and existing financial products.

13. What is supervision?

1. 
   is an individual who accepts financial risks and undertakes new financial ventures.
   
2. 
   is an arrangement where entities and/or individuals agree to cooperate to advance their interests.
   
3. 
   is a formal arrangement for counselors to discuss their work regularly with someone who is experienced in counseling and supervision.
   
4. 
   is a business entity owned and managed by one person.
   

14. What is leadership?
a) setting a new direction or vision for a group that they follow
b) is an arrangement where entities and/or individuals agree to cooperate to advance their interests.
c) is a business entity owned and managed by one person.
d) is a professional in the social science discipline of economics
15. What is production?
a) is the act of getting people together to accomplish desired goals and objectives efficiently and effectively.
b) is a field that deals with the major intended and emergent initiatives taken by general managers
c) is converting raw materials to finished products. It involves a number of factors to be able to produce the goods and services that cater to our needs.
d) is a formal business association with a publicly registered charter recognizing it as a separate legal entity having its own privileges, and liabilities distinct from those of its members.
16. Sole proprietorship is
a) is a business entity owned and managed by one person.
b) is the act of getting people together to accomplish desired goals and objectives efficiently and effectively.
c) is an individual who accepts financial risks and undertakes new financial ventures.
d) is a professional in the social science discipline of economics
17. What is corporation?
a) is a business entity owned and managed by one person.
b) is a formal business association with a publicly registered charter recognizing it as a separate legal entity having its own privileges, and liabilities distinct from those of its members.
c) is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods".
d)is the act of getting people together to accomplish desired goals and objectives efficiently and effectively.
18. Board of directors is
a) is an important branch in Management of any business enterprise.
b) is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods".
c) is a body of elected or appointed members who jointly oversee the activities of a company or organization.
d) is an arrangement where entities and/or individuals agree to cooperate to advance their interests.
19. What is limited liability company?
a)is a formal business association with a publicly registered charter recognizing it as a separate legal entity having its own privileges, and liabilities distinct from those of its members.
b) is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods".
c) is the act of getting people together to accomplish desired goals and objectives efficiently and effectively.
d) is a business structure allowed by state statute.
20. What is production management?
a) is responsible for realizing the visions of the producer and the director or choreographer within constraints of technical possibility.
b) is converting raw materials to finished products.
c) is the act of getting people together to accomplish desired goals and objectives efficiently and effectively.
d) is an arrangement where entities and/or individuals agree to cooperate to advance their interests.
21. What is entrepreneurship?
a) is a formal business association with a publicly registered charter recognizing it as a separate legal entity having its own privileges, and liabilities distinct from those of its members.
b) is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods".
c) is an important branch in Management of any business enterprise.
d) is responsible for realizing the visions of the producer and the director or choreographer within constraints of technical possibility.
22. Price is not the only thing that customers consider when ____________ about which product to buy.
a) doing a decision b) making a decision c) doing business d) having business
23. When two or more people want to start a business together they can set up a ___________.
a) Corporation b) concern c) partnership d) agreement
24. The Production Manager said we could _____________ better the previous year if it hadn't been for the instability on the market.
a) do b) have done c) have doing d) make
25. The company adopted an environmental policy in order to reduce the damage that may _____________ from its various activities.
a) Result b) save c) cause d) due
26. We are proud of the fact that last year 25% of the company's total waste _____________.
a)was recycling b) had been recycled c) has been recycled d) was recycled
27. Which statement is not true in relation to business success?
a) As the population expands, there is a greater need for small businesses.
b) People with more education and experience usually have a better chance of success.
c) There is little or no risk in operating a small business if you have adequate capital.
d) The chances of business failure are reduced if you get sufficient and adequate training.
28. All of the following measure business size except
a) profits b) assets c) location d) number of employees
29. Which of the following would most likely be self-employed?
a) teacher b) barber c) grocery clerk d) minister
30. Which of the following is the definition of net profit?
a) income after expenses are paid b) income after all taxes have been paid
c) gross income after taxes d) assets minus liabilities