ADMN 100 Final Exam Questions with Correct Answers Latest Update 2025/2026

ADMN 100 Final Exam Questions with Correct Answers Latest Update 2025/2026 All of the following factors are generally cited to explain the success of small business owners except __. A. Lack of Control B. managerial competence C. Markwt demand for the product D. Drive and deditcation E. Luck - Answers A. Lack of control might lead to failure, not success. All of the following factors are generally cited to explain the reasons why small businesses fail except __. A. Neglect B. Access to resources C. Insufficient capital D. Managerial incompetence E. Weak control systems - Answers B. Access to resources For basic factors explain most small business success: hard work, __, Managerial competence, and __. A. A business plan: market demand B. Market demand: luck C. Family support: collateral D. Collateral: a business plan E. Sales forecast: luck - Answers B. market demand: luck. Four factors contribute to small business failure:_, neglect, we control systems, and_. A. Bad luck: owners health issues B. A poorly written business plan: market demand C. Inexperienced: insufficient capital D. Poor collateral: government regulations E. Optimistic sales forecast: bad luck - Answers C. Inexperienced: insufficient capital A major disadvantage of sole proprietorship is _. A. High start up costs B. Limited liability C. Lack of control D. Lack of government support E. Unlimited liability - Answers E. Unlimited Liability General partners have_, well limited partners have_. - Answers The limited partners cannot participate in the day-to-day management of the business are they risk the loss of their limited liability status. General partners have unlimited liability, well limited partners have limited liability. As partners, Brooke is a (n)__ because she is actually involved in the day-to-day operations of the business, will Julia is a (n)__ because she is just an investor. - Answers General Partner; Limited Partner. The limited partners cannot participate in the day-to-day management of the business are they risk the loss of their limited liability status. A (n)__ Is a business whose shares of stock are held by only a few shareholders and are not widely available for purchase. - Answers Private corporation. The control and group may be a family, Employees, or a management group. Pattison and Corque du Soleil are two well known Canadian private corporations. Which of the following describes the value of investing in the people who comprise an organization? A. Human capital B. Talent management C. Human resource management D. Job specification E. Replacement chart - Answers Human capital reflects the organizations investment in attracting, retaining, and motivating an effective workforce. It serves as a tangible indicator of the value of the people who comprise an organization. __Is the set of an organizational activities directed At attracting, developing, and maintaining an effective workplace. A. Human resource planning B. Employee management C. Employee-employer relations D. Human resource management E. Employee motivation - Answers Human resource management. HRM also takes place within a complex and ever-changing environmental context and is increasingly being recognized for its strategic importance. To identify internal candidates for transfer or promotion, Some organization use a__. A. Job bank B. Management information system C. Job simulation D. Job analysis E. Skills inventory - Answers E. Skills inventory. These systems are usually computerized and contain information on each employee's education, skills, work experience, and career aspirations. " tell me about a situation where you became aware of a problem. What did you do?" Is an example of__.