BRAINSCAPE1
Texas PACT Business and Finance
Exam with complete solutions
latest version
Douglas Mcgregor Theory X - CORRECT ANSWER-Assumes employees don't like to
work, money is the sole motivation, employees only think about self. Supervisors are
dictatorial, threats in order to persuade, strict punishments.
Douglas Mcgregor Theory Y - CORRECT ANSWER-Assumes employees self-
motivated and enjoy work, they have talent and skills. They desire success at work
inherent satisfactions. Supervisors' work with employees, allow positive communication.
Total Quality Mnaagemnt - CORRECT ANSWER-Better internal processes and
increased customer satisfaction
Total Quality Mnaagemnt - CORRECT ANSWER-Manager quality levels. If there is a
problem then it is in the process
Management by Obejectives - CORRECT ANSWER-1954 Peter Drucker. MBO,
creation of goals or objectives
Management by Obejectives - CORRECT ANSWER-Produce a better relationship
between management and employees
Activity Base Management - CORRECT ANSWER-Managers examine activites to
evaluate costs and value added.
Functions Of Management - CORRECT ANSWER-planning, organizing, leading, and
controlling resources
Planning - CORRECT ANSWER-creating a plan of action to give incentives to top
performers
Leaders - CORRECT ANSWER-make a list of logical step of best way to carry out plan
BRAINSCAPE1
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Organizing - CORRECT ANSWER-Resource distribution
Controlling - CORRECT ANSWER-Occurs after the plan, managers evaluate whether
the goals have been met.
Top Level Manager - CORRECT ANSWER-Managers in charge of running te
organization
Middle-level manager - CORRECT ANSWER-bring organization plans to fruition
Low-level manager - CORRECT ANSWER-leading, directing, and supervising
employees
Authoritarian leadership styles - CORRECT ANSWER-rules and regulations are strict
Democratic leadership styles - CORRECT ANSWER-descision made with or in a group.
Laissez-faire leadership styles - CORRECT ANSWER-workers make all the decision
without any managerial control
SWOT - CORRECT ANSWER-Strengthens, Weaknesses, Opportunities, and Threats
Time Value of Money - CORRECT ANSWER-Money that you have now is more
valuable than the money you will have later.
Sales Budget - CORRECT ANSWER-Shows expected sales for a period of times
Production Budget - CORRECT ANSWER-Shows the amount of products that should
be made
Cash Budget - CORRECT ANSWER-covers the inflow and outflow of cash that is
expected
Four part of Cash Budget - CORRECT ANSWER-Receipts, financing, disbursements,
and cash surplus or deficit
Capital expenditure budget - CORRECT ANSWER-covers investments in long term
projects and capital assets
Static Budget - CORRECT ANSWER-Expenditure do not change in response to sales
levels
Cost-Benefit Analysis - CORRECT ANSWER-The way of looking objectively at all the
costs and benefits of different options to make the best decision
Continuous Processess - CORRECT ANSWER-production is steady and will
continuously run at all times unless there is a maintenance break
BRAINSCAPE1
Texas PACT Business and Finance
Exam with complete solutions
latest version
Douglas Mcgregor Theory X - CORRECT ANSWER-Assumes employees don't like to
work, money is the sole motivation, employees only think about self. Supervisors are
dictatorial, threats in order to persuade, strict punishments.
Douglas Mcgregor Theory Y - CORRECT ANSWER-Assumes employees self-
motivated and enjoy work, they have talent and skills. They desire success at work
inherent satisfactions. Supervisors' work with employees, allow positive communication.
Total Quality Mnaagemnt - CORRECT ANSWER-Better internal processes and
increased customer satisfaction
Total Quality Mnaagemnt - CORRECT ANSWER-Manager quality levels. If there is a
problem then it is in the process
Management by Obejectives - CORRECT ANSWER-1954 Peter Drucker. MBO,
creation of goals or objectives
Management by Obejectives - CORRECT ANSWER-Produce a better relationship
between management and employees
Activity Base Management - CORRECT ANSWER-Managers examine activites to
evaluate costs and value added.
Functions Of Management - CORRECT ANSWER-planning, organizing, leading, and
controlling resources
Planning - CORRECT ANSWER-creating a plan of action to give incentives to top
performers
Leaders - CORRECT ANSWER-make a list of logical step of best way to carry out plan
BRAINSCAPE1
, BRAINSCAPE1
Organizing - CORRECT ANSWER-Resource distribution
Controlling - CORRECT ANSWER-Occurs after the plan, managers evaluate whether
the goals have been met.
Top Level Manager - CORRECT ANSWER-Managers in charge of running te
organization
Middle-level manager - CORRECT ANSWER-bring organization plans to fruition
Low-level manager - CORRECT ANSWER-leading, directing, and supervising
employees
Authoritarian leadership styles - CORRECT ANSWER-rules and regulations are strict
Democratic leadership styles - CORRECT ANSWER-descision made with or in a group.
Laissez-faire leadership styles - CORRECT ANSWER-workers make all the decision
without any managerial control
SWOT - CORRECT ANSWER-Strengthens, Weaknesses, Opportunities, and Threats
Time Value of Money - CORRECT ANSWER-Money that you have now is more
valuable than the money you will have later.
Sales Budget - CORRECT ANSWER-Shows expected sales for a period of times
Production Budget - CORRECT ANSWER-Shows the amount of products that should
be made
Cash Budget - CORRECT ANSWER-covers the inflow and outflow of cash that is
expected
Four part of Cash Budget - CORRECT ANSWER-Receipts, financing, disbursements,
and cash surplus or deficit
Capital expenditure budget - CORRECT ANSWER-covers investments in long term
projects and capital assets
Static Budget - CORRECT ANSWER-Expenditure do not change in response to sales
levels
Cost-Benefit Analysis - CORRECT ANSWER-The way of looking objectively at all the
costs and benefits of different options to make the best decision
Continuous Processess - CORRECT ANSWER-production is steady and will
continuously run at all times unless there is a maintenance break
BRAINSCAPE1
