Scribd Logo
Upload

Welcome to Scribd!

  • 274 views

    Entre P Quiz Chapter 10

    Uploaded by

    Brian Duela
    This document contains a quiz on entrepreneurship and business management concepts. It includes: 1. A matching section to align terms like cash budget, organizational structure, and stock card with their definitions. 2. Multiple choice questions about management functions, styles, planning horizons, factors influencing inventory levels, and strategies to improve cash flow. 3. True/false statements regarding organizational structure, point-of-sale inventory systems, and employee involvement in decision making.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Entre P Quiz Chapter 10

    Uploaded by

    Brian Duela
    274 views2 pages
    This document contains a quiz on entrepreneurship and business management concepts. It includes: 1. A matching section to align terms like cash budget, organizational structure, and stock card with their definitions. 2. Multiple choice questions about management functions, styles, planning horizons, factors influencing inventory levels, and strategies to improve cash flow. 3. True/false statements regarding organizational structure, point-of-sale inventory systems, and employee involvement in decision making.

    Original Title

    Entre p Quiz Chapter 10

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document contains a quiz on entrepreneurship and business management concepts. It includes: 1. A matching section to align terms like cash budget, organizational structure, and stock card with their definitions. 2. Multiple choice questions about management functions, styles, planning horizons, factors influencing inventory levels, and strategies to improve cash flow. 3. True/false statements regarding organizational structure, point-of-sale inventory systems, and employee involvement in decision making.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    274 views2 pages

    Entre P Quiz Chapter 10

    Uploaded by

    Brian Duela
    This document contains a quiz on entrepreneurship and business management concepts. It includes: 1. A matching section to align terms like cash budget, organizational structure, and stock card with their definitions. 2. Multiple choice questions about management functions, styles, planning horizons, factors influencing inventory levels, and strategies to improve cash flow. 3. True/false statements regarding organizational structure, point-of-sale inventory systems, and employee involvement in decision making.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    ENTREPRENEURSHIP

    CHAPTER 10 QUIZ

    Name:___________________________ Date:___________

    I. Matching Type. Match each statement with the term that best defines it.

    A. authoritative management H. operations manual


    B. cash budget I. organizational structure
    C. democratic management J. periodic inventory method
    D. gross sales K. perpetual inventory method
    E. management L. point-of-sale software system
    F. manager M. stock card
    G. net sales N. stock turnover rate

    E 1. The process of achieving goals by establishing operating procedures that


    make effective use of people and other resources.
    N 2. The rate at which inventory of a product is sold and replaced with new
    inventory.
    A 3. A management style in which the manager is directive and controlling.
    G 4. The dollar amount of all sales with any returns subtracted.
    I 5. A plan that shows how the various jobs in a company relate to one another.
    K 6. Keeps track of inventory levels on a daily basis.
    J 7. Involves taking a physical count of your merchandise at regular intervals,
    such as weekly or monthly.
    C 8. A management style in which employees are involved in decision making.
    B 9. Shows the projections of your cash coming in and going out.
    H 10. Contains all of the rules, policies, and procedures that a business should
    follow in order to function effectively.
    L 11. A system that updates inventory records as each sale happens
    F 12. The person responsible for planning, organizing, staffing, implementing,
    and controlling the operations of a business.

    II. Multiple choice

    13. Which of the following functions of management would apply when grouping tasks into
    departments?
    A. planning
    B. organizing
    C. implementing
    D. controlling

    14. Jorge is supervising new employees with no experience in food service at a concession
    stand in an amusement park. Which management style should he use?
    A. authoritative management
    B. democratic management
    C. mixed management
    D. participatory management

    15. Preparing detailed plans that will provide strategies for achieving goals and objectives
    in a one-year period is
    A. strategic planning
    B. intermediate-range planning
    C. short-term planning
    D. none of the above

    16. The level of inventory you keep in stock depends on all except
    A. the costs of carrying inventory
    B. the costs of lost sales due to being out of stock
    C. your stock turnover rate
    D. your net-profit-on-sales ratio

    17. If you want to improve your cash flow by increasing cash receipts, which of the
    following strategies could you try?
    A. offer discounts on bills paid right away
    B. establish tighter credit policies
    C. hold shipments to customers with large unpaid bills
    D. all of the above

    18. True or False. The organizational structure outlines all of the rules, policies, and
    procedures that a business must follow.
    19. True or False. A point-of-sale inventory system makes it easier to analyze your
    inventory records at the end of the day.
    20. True or False. Generally, employees do not like to be involved in the planning and
    decision-making process.

    You might also like