Fundamentals of Business: Management,
Finance, Ethics, and Operations
1. The amount that a company must pay to either borrow money or to owners as a return on their
investment called:
a. the vig
b. cost of capital
c. inflation rate
d. discount rate - ✔✔b. cost of capital
2. The process of coordinating people and other resources to achieve the goals of an organization is
called:
a. Strategic Planning
b. Management
c. Controlling
d. Supervision - ✔✔b. Management
3. involves creating a vision for others to follow, establishing corporate values and ethics, and
transforming the Wayan organization does business so that it is more effective and efficient.
a. Organizing
b. Production management
c. Tactical planning
d. Leadership - ✔✔d. Leadership
4. Generally, when the money supply (M1) grows faster than the economy itself, the result is:
a. Inflation
b. Unemployment
c. Supply
, d. Economic growth - ✔✔a. Inflation
5. Which of the following is NOT a core activity in a supply chain?
a. Inbound logistics
b. Outbound logistics
c. Procurement
d. Retail management - ✔✔d. Retail management
6. A body of enforceable rules and principles of conduct is known as:
a. Law
b. Legal system
c. Judicial branch
d. Common law - ✔✔a. Law
7. The business plan should contain a section that describes the purpose of the business, the reason for
it to exist.
a. Values
b. Goals
c. Competitor analysis
d. Mission Statement - ✔✔d. Mission Statement
8. Production processes add.
a. Need for more employees.
b. Increased complication.
c. More opportunity for forecasting.
d. Value to the product. - ✔✔d. Value to the product.
9. is the process of evaluating human resource needs and then recruiting, selecting, developing,
motivating, evaluating, compensating, and scheduling employees to achieve organizational goals.
Finance, Ethics, and Operations
1. The amount that a company must pay to either borrow money or to owners as a return on their
investment called:
a. the vig
b. cost of capital
c. inflation rate
d. discount rate - ✔✔b. cost of capital
2. The process of coordinating people and other resources to achieve the goals of an organization is
called:
a. Strategic Planning
b. Management
c. Controlling
d. Supervision - ✔✔b. Management
3. involves creating a vision for others to follow, establishing corporate values and ethics, and
transforming the Wayan organization does business so that it is more effective and efficient.
a. Organizing
b. Production management
c. Tactical planning
d. Leadership - ✔✔d. Leadership
4. Generally, when the money supply (M1) grows faster than the economy itself, the result is:
a. Inflation
b. Unemployment
c. Supply
, d. Economic growth - ✔✔a. Inflation
5. Which of the following is NOT a core activity in a supply chain?
a. Inbound logistics
b. Outbound logistics
c. Procurement
d. Retail management - ✔✔d. Retail management
6. A body of enforceable rules and principles of conduct is known as:
a. Law
b. Legal system
c. Judicial branch
d. Common law - ✔✔a. Law
7. The business plan should contain a section that describes the purpose of the business, the reason for
it to exist.
a. Values
b. Goals
c. Competitor analysis
d. Mission Statement - ✔✔d. Mission Statement
8. Production processes add.
a. Need for more employees.
b. Increased complication.
c. More opportunity for forecasting.
d. Value to the product. - ✔✔d. Value to the product.
9. is the process of evaluating human resource needs and then recruiting, selecting, developing,
motivating, evaluating, compensating, and scheduling employees to achieve organizational goals.
