Free Essay

Business

In: Business and Management

Submitted By nelchaar93
Words 3616
Pages 15
Performance Management Final – All Chapters Points Awarded | 69.00 | Points Missed | 6.00 | Percentage | 92.0% |

1. Lisa drives a bus for the county school system, where she works limited hours within a nine-month contract that is based on the school system’s needs. She does not receive health or retirement benefits. Lisa is a member of the:
A) Exempt workforce
B) Contingent workforce
C) Non-contingent workforce
D) Non-exempt workforce Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
2. During training for her new job, Samara learned that her company has a mentoring program in place that is meant to engage new hires in a continuous process of assimilation and growth. This mentoring program best facilitates which process?
A) Outsourcing
B) Job redesign
C) Onboarding
D) Job sharing Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | C |
3. Sylvia just began a new job as a retail customer service representative. However, she is dissapointed that the new job does not allow her to use her technology literacy skills. Which of the following terms best describes Sylvia’s level of employment?
A) Unemployment
B) Absolute advantage
C) Underemployment
D) Competitive advantage Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | C |
4. The set of shared values, purposes, and beliefs that employees have about an organization is its:
A) Organizational approach.
B) Values-and-beliefs statement.
C) Corporate climate.
D) Corporate culture. Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | D |
5. You just began work at ABC International. Your supervisor informs you that ABC allows employees to choose their work hours within stated limits. This would be described as what type of workplace policy?
A) Flextime
B) Job sharing
C) Telecommuting
D) Job redesign Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
6. Generally, it is better for a supervisor not to display:
A) Power
B) Formal authority
C) Both a or b
D) Neither a or b Table for Individual Question Feedback | Points Earned: | 0.0/1.0 | | Correct Answer(s): | C |
7. Guiding, teaching, and supervising employees are activities associated with:
A) Staffing.
B) Leading.
C) Organizing.
D) Controlling. Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
8. Supervisors who use _____ power effectively have the greatest potential for achieving organizational goals.
A) reward
B) legitimate
C) both
D) neither Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | D | 9. Which of the following is NOT generally considered to be true?
A) The manager relies on control; the leader inspires trust.
B) The manager focuses on systems and structures; the leader focuses on people.
C) The manager accepts the status quo; the leader challenges it.
D) The manager is a follower; the leader leads. Table for Individual Question Feedback | Points Earned: | 0.0/1.0 | | Correct Answer(s): | D |
10. The acceptance theory of authority states that:
A) The supervisor has the power and the right to issue directives in order to accomplish the tasks assigned to the department.
B) Managerial authority is not granted to an individual but rather to the position the individual holds at that time.
C) Managers do not have authority unless employees recognize and agree to it.
D) It is better for a supervisor not to display power or formal authority. Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | C |
11. The skills of effective communication can be developed.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |

12. Which of the following is NOT an advantage of oral communication over written communication?
A) It takes less time.
B) There is more formality and permanence with oral communication.
C) It can provide an immediate opportunity for determining whether the communication has been effective.
D) Most people can express themselves more easily and completely by voice rather than by letter or memo. Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
13. It is never a good idea to filter information when relaying information to others.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
14. Upward, downward, and vertical communication are the three formal channels found within an organization.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
15. The jargon used by an accountant is meaningful to a computer technician.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
16. According to the expectancy theory, when nurses’ aides perceive that their high-performing co-workers are not being rewarded any more than average or even substandard performers, they will not believe that a performance/reward relationship exists, so they will not be motivated to perform well.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
17. Maslow’s hierarchy of needs theory can best be diagrammed using what shape?
A) A ladder with rungs
B) An oval
C) A straight line
D) A starburst Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
18. Participative management sounds great in theory, but the disadvantages outweigh the advantages.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
19. It does not matter what the reward, as long as a reward exists employees will perform to the highest possible standard.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
20. The behavior of a difficult employee can sometimes be improved if the supervisor provides that employee more opportunities for need fulfillment.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
21. This approach has the problem solver not only identify the various factors that have brought about the problem but also consider the potential interrelatedness of the causes of the problem:
A) The nominal group technique.
B) The problem statement.
C) The fishbone technique
D) Brainstorming. Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | C |
22. A supervisor should do whatever it takes, including spend excessively, to see that all problems are resolved.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
23. With the Abdicator decision style, decisions are made based on the easiest method readily available, and often result in errors.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
24. A fishbone diagram would be most useful during which stage(s) of the decision-making process?
A) Stage 1
B) Stage 3
C) Stage 1 and 2
D) Stage 4 and 5 Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | C |
25. Most problems in the workplace require immediate answers.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
26. At World Zenia Inc., workers earn a point for every unexcused incident of tardiness or absenteeism. If they earn seven points, they are discharged, but points are also removed from their records after several months of acceptable attendance This example illustrates which disciplinary process?
A) Just cause
B) Employment-at-will
C) The disciplinary time element
D) Progressive discipline Table for Individual Question Feedback | Points Earned: | 0.0/1.0 | | Correct Answer(s): | C |
27. A supervisor does not need to have “just cause” to take disciplinary action against an employee.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
28. If the supervisor does not take appropriate action when required, some of the other employees may be inclined to follow the poor examples of behavior in the workplace.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
29. The hot stove rule includes:
A) Advance warning.
B) Immediacy.
C) Impersonality.
D) All of the above. Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | D |
30. Which of the following is generally considered to be the LEAST desirable form of disciplinary action?
A) Layoff (suspension)
B) Discharge
C) Transfer
D) Demotion Table for Individual Question Feedback | Points Earned: | 0.0/1.0 | | Correct Answer(s): | D |
31. Planning at the supervisory level of an organization tends to be more detailed than planning that occurs at top levels.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
32. Planning is a reactive approach to how a business can improve upon its mistakes.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
33. A program is a plan for accomplishing a specific, nonrecurring activity.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
34. A budget does NOT take into consideration:
A) Employee hours.
B) Sales figures.
C) Competitors’ units sold.
D) All of the above. Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | C |
35. An old piece of equipment can usually be made to do the job if it has been properly maintained.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
36. Departmentation by geographic location is highly inefficient and is rarely used in most organizations today.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
37. Fewer levels of management tend to exist in organizations where managers:
A) All supervise the same number of employees.
B) Have authority over an appropriate number of employees.
C) Supervise large numbers of employees.
D) Oversee few employees. Table for Individual Question Feedback | Points Earned: | 0.0/1.0 | | Correct Answer(s): | C |
38. The Benex One firm recently revamped its entire organization. Instead of being organized based on departments and functions, the company now has fluid departments that change based on the projects being developed as they are demanded by customers. This is an example of:
A) Restructuring
B) Downsizing
C) Retrofitting
D) Reengineering Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | D |
39. ARVA International is a nonprofit organization that strives to promote social justice throughout the world. At ARVA, employees continually improve their skills and expand their capacities to meet the organization’s social mission. ARVA International can best be described as what type of organization?
A) Learning organization
B) Teaching organization
C) Social organization
D) Empowered organization Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
40. Other names for downsizing are right-sizing and restructuring.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
41. Vijay asks a question of job applicants that seems to have a different impact on men versus women. The question does not pass the OUCH test based on the fact that it is NOT:
A) consistent in effect.
B) harmless.
C) uniform in application.
D) objective. Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
42. Asking “Who will care for your children while you are at work?” during an interview is not a discriminatory question because you want to make sure the employee has this issue covered before starting work.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
43. More important than the actual techniques used to orient new employees are the attitudes and behaviors of the supervisor.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
44. Job posting creates a greater openness in an organization by making all employees aware of job opportunities.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |

45.
Supervisors should study each job category in their department to determine how many employees are needed to get work done.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
46. Under some circumstances, the amount of authority a delegated employee can have may exceed the amount of authority a supervisor possesses.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
47. Effective delegation should increase the quantity and improve the quality of work being completed by the responsible employee.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
48. After a much-publicized safety breach at D&A Chemicals Inc., supervisors and employees at all levels became rapidly engaged in education and training of safety measures and precautions. This best demonstrates which type of change?
A) Unplanned change
B) Controlled change
C) Culture change
D) Cascade change Table for Individual Question Feedback | Points Earned: | 0.0/1.0 | | Correct Answer(s): | D |
49. A directive is the communication approach by which a supervisor tells employees what, how, and why something is to be done.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
50. Supervisors who empower others to act strengthen their employees and promote teamwork among them.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
51. Specific and realistic objectives make individual employees more effective, but hinder the performance of work teams.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
52. A team can be successful without working together to achieve individual and team objectives.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
53. Allison, an HR manager at I.E. Inc., closely monitors job performance, tardiness, absenteeism, and employee complaints among the staff as a way to gauge employee morale. Which method of assessing morale does she rely on most?
A) Interviewing
B) Observation and study
C) Attitude surveys
D) Journal findings Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
54. Strong's Bakery has seven employees; therefore, the provisions of the Family Medical Leave Act (FMLA) do not apply to this company.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
55. One technique to assess employee morale is through an attitude survey.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
56. Employers do not have to make reasonable accommodations for employees with differing religious beliefs.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
57. According to _____, jobs that are distinctly different, but require similiar skills should be paid at the same level.
A) probable cause
B) justified equality
C) comparable worth
D) inequity theory Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | C |
58. Several women at Man-First Corp. have complained to the HR department that a handful of men at the company make lewd jokes during breaks. Even though the jokes are not directed at the women, they are still subjected to them. This is an example of:
A) Gender discrimination
B) Lawful action
C) Sexual harassment
D) Sexual stereotyping Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | C |
59. The Pregnancy Discrimination Act of 1978 requires that:
A) Employers must provide up to 12 weeks of paid maternity leave to female employees.
B) Employers give pregnant employees easier job assignments.
C) Pregnancy be treated no differently from illnesses or health disabilities if an employer has medical benefits or a disability plan.
D) All of the above are true. Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | C |
60. Protected group employees are classes of employees who have been afforded protection by supervisory management.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
61. Albert’s manufacturing company produces over 1,000 units daily. When reviewing products for defects, he randomly inspects about 10 percent of the items actually produced. This example demonstrates which of the following?
A) Personal observation
B) The exception principle
C) Spot checking
D) Sampling Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | D |
62. A written plan expressed in numerical terms that projects anticipated resources and expenditures for a certain period of time is known as a/n:
A) Budget
B) Projection
C) Time and motion study
D) Utility Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
63. Which type of control involves keeping watch over raw materials, supplies, work-in-process, and finished goods?
A) Inventory control
B) Quality control
C) Production control
D) Budgetary control Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
64. Once the budget is approved by higher-level management, supervisors have no more contact with it or interest in it until the next budget cycle.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
65. The managerial function of controlling is typically performend separately from the other managerial functions.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
66. Effective supervisors provide their subordinates with formally written feedback on a monthly basis.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
67. Part of the "coaching" aspect of supervision prepares employees to take on greater responsibilities on the job.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
68. During her annual performance review, Cynthia was asked to select two or three individuals within the organization that she works closely with to help evaluate her performance. This type of performance appraisal is referred to as:
A) Self-evaluation
B) 360-degree evaluation
C) Peer evaluation
D) Focus evaluation Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | C |
69. Every time one of his workers does something exceptional, Rob records it in his employee work file. However, when one of his employees does something below average, he records this as well. The information in this file provides a factual record for assessing performance whenever it is needed. This method is referred to as the:
A) Critical incident method
B) Performance standard method
C) Concurrent feedback method
D) 360-degree evaluation method Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
70. During a performance appraisal, the supervisor of an employee with substandard work performance needs to:
A) Assign the employee new job responsibilities.
B) Transfer the employee to another department.
C) Communicate what needs to be done in order to improve.
D) Terminate the employee. Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | C |
71. Elvira is having a problem at work with her colleagues. To resolve the issue, she wants to follow the formal dispute resolution program that is in place at work. What is the first level of dispute resolution that her company will likely follow?
A) Local management review
B) External review
C) Nonbinding mediation
D) Binding arbitration Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |
72. Grievance procedures are typically resolved in the court of law.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | B |
73. Bob, a unionized worker, has been having trouble at work with his boss, whom he believes has been treating him unfairly. He decides to formally dispute this issue with his union. The formal procedure for doing so is referred to as a:
A) Dispute
B) Negotiation
C) Complaint
D) Grievance Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | D |
74. In the last step in a grievance procedure, a final and binding decision is provided by:
A) the company's human resources department.
B) labor union representatives.
C) a neutral arbitrator.
D) the company's top management. Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | C |
75. It is unusual for an aggrieved union employee to present a grievance to the supervisor without the shop steward present.
A) True
B) False Table for Individual Question Feedback | Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |

Bottom of Form…...

Similar Documents

Premium Essay

Business to Business

...Social Networks and Media Conquer B2B Social Networks are a flourishing phenomenon in today’s generation. It has already entered and affected the B2C network. In B2C network the social networks have become a concerning factor and plays a major role in marketing and communications. As we are all familiar with the B2B network and what does it actually implies, the question arises whether the social networks can play an important role in B2B network and for B2B companies. Social networks are not another passing phenomenon; they have matured and have registered themselves highly in the minds of the customers. B2B network also gets conquered by the social networks the business houses that trade with each other are actually the customers of each other and they also engage themselves in social networking. Some useful statistics from the social networking world states that the total time spent on social media has increased from 6% in 2007 to 20% in 2011. The registered users will almost reach 2 billion people by 2014. These figures show relentless growth and usage of social media. Already 91% of the B2B companies are active on Facebook, 53% on Twitter and 47% on LinkedIn. These statistics reveal that social media has conquered B2B network and has entered in that chain as means of effective communication and presentation. B2B companies deal with people and not robots. So the influence of emotions before purchasing a product is applicable to them also as they are not immune to......

Words: 798 - Pages: 4

Premium Essay

Business

...Long Range Planning 43 (2010) 172e194 http://www.elsevier.com/locate/lrp Business Models, Business Strategy and Innovation David J. Teece Whenever a business enterprise is established, it either explicitly or implicitly employs a particular business model that describes the design or architecture of the value creation, delivery, and capture mechanisms it employs. The essence of a business model is in defining the manner by which the enterprise delivers value to customers, entices customers to pay for value, and converts those payments to profit. It thus reflects management’s hypothesis about what customers want, how they want it, and how the enterprise can organize to best meet those needs, get paid for doing so, and make a profit. The purpose of this article is to understand the significance of business models and explore their connections with business strategy, innovation management, and economic theory. Ó 2009 Published by Elsevier Ltd. Introduction Developments in the global economy have changed the traditional balance between customer and supplier. New communications and computing technology, and the establishment of reasonably open global trading regimes, mean that customers have more choices, variegated customer needs can find expression, and supply alternatives are more transparent. Businesses therefore need to be more customer-centric, especially since technology has evolved to allow the lower cost provision of information and customer solutions. These...

Words: 13944 - Pages: 56

Premium Essay

Business

...BTEC Business Level 3, Unit 37: Understanding Business Ethics Businesses are limited in what they do. Sometimes by laws and sometimes by the conventions and social codes we live by. Gathered together these are what we refer to as ethics and they can apply to every aspect of business behaviour. Whereas it could be argued that most laws have there origins in ethics, ethical behaviour, by individuals and business go beyond legal requirement and are discretionary, that is to say we can choose to follow them or not. Businesses have not always behaved ethically and many still do not. This unit examines what pressures there are on businesses to behave in an ethical manner. Learning outcomes On completion of this unit you should: 1 Understand the meaning and importance of ethics in the business world 2 Understand the implications of businesses operating ethically 3 Know the social implications of business ethics 4 Understand ethical concerns facing different communities. Context: You have been asked to research and draw up a report explaining business ethics for an organisation that is about to be floated on the stock exchange. The report will demonstrate an understanding of ethical business behaviour; the implications of it and why it is increasingly seen as such a serious issue for more and more businesses. P1 explain the ethical issues a business needs to consider in its operational activities. • Begin by explaining your own understanding of the......

Words: 855 - Pages: 4

Free Essay

Business

...Nainani ID No.: 640633 Course: BUS 1010 – Introduction to Business Organizations Schedule: Mondays & Wednesdays 11:00 – 12:40 Professor: P. Gachago Semester: Fall 2013 Individual Term Paper Now that you have attended several business lectures at USIU, you decide to start a kiosk business in your estate, selling potatoes. 1) Under what legal form of business would you register your business? 2) Why would you choose that form of business? 3) What, in your view, would make up the supply chain of your business? Table Of Contents * Executive Summary Pg. 3 * Question 1 Pg. 4 * Question 2 Pgs. 5-6 * Question 3 Pgs. 7-8 * Conclusion Pg. 9 Executive Summary The kiosk business would be registered as a sole proprietorship. Since it is a small scale business, not much money is required to start up the business. The owner has full authority over the business and can run it any way they please. Not many legal documents required, only a trading license. The business is very flexible, structure can be changed relatively easily.......

Words: 1362 - Pages: 6

Premium Essay

Business

...appropriate method for the business you have chosen to increase its profits? Introduction My investigation is about visiting a local store in Aston, Floors-2-Go and having verbal feedback from the manager her/himself also analysing and suggesting what methods can be used to make the business even more profitable in the local are (Aston). 1.1. In this section I will be talking about where the Business is located and what type of market research I will do to succeed.Floors-2-Go is located at 74 New Town Row Birmingham. The area is a middle class area, the people of the area are black or either Asian. I will collect information on my chosen business by using primary and secondary research. For instance I will gather my primary research through interview questions which I will go to the store and discuss with the owner. I will also use questionnaires to gather information from customers. Furthermore I will also use a range of secondary sources of information during my study, such as the company website, business studies text books and websites, local maps, competitor’s websites, local newspapers, magazines and leaflets. 2.1 In this paragraph I will be talking about the ownership of my business Floors-2-Go is a sole trader company. There are many advantages of a sole trader. Sole traders maintain full control of their business, running it how they please without the interference of others. Profit retention sole traders retain all the profits of their business.......

Words: 3187 - Pages: 13

Premium Essay

Business

...- BTEC FIRST DIPLOMA BUSINESS - Unit 16: Business Enterprise Assignment [pic] [pic] • The due date for the whole assignment is Friday 25th May 2012 • You will have time allocated to complete the MERIT and DISTINCTION criteria only when the PASS criteria is completed • You will be able to gather evidence for Level 2 Key Skills in Communication, Application of Number and Information Technology from completing the assignment You will also be able to gather evidence for Key Skills Level 2 Improving Own Learning and Performance (LP2.1, Lp2.2 and LP2.3) as you plan, review and complete the assignment ASSIGNMENT TASKS The scenario You and some friends have always been interested in working for yourself rather than being an employee. You now feel it is the right time to start up a new business and so you begin to consider the idea and investigate the possibilities further with your friends. There are many ideas you have but before you can start the business you have decided to investigate what things you need to know about starting up a business. You and your friends are considering asking your bank manager to provide you with the finance for starting up the business and so it is important that you know exactly what is involved. You and your friends will have to present your business idea to the bank manager so it is important that you know what you have to......

Words: 905 - Pages: 4

Premium Essay

Business to Business

...Business to Business Message Business to Business Message Businesses are very crucial to the economy. Good business messages are essential to keep the business relation in good health too. There are many types of business messages which a business can write to another daily with regards to business. It These can include messages on sales and purchases, products and services, confirmation or cancellation of orders, invoices, company announcements and notifications, employee related news such as promotions, awards, increments, bonus, appraisals, resignation and termination for example. A business message can be written by any authorized figure from a company to another authorized figure of another company. Business messages are usually formal and should be well written to earn the respect of the recipient. They not only can be directed to other business associates, they can also be directed toward the public. Business messages to the public could be an announcement, promotion, surveys, notification of change of address or contact information about the business or some other information which a client should know to ensure continued patronage of the company’s products and services. Business messages are written as a reminder or to serve as a record the business dealings that transpire between companies. That way any agreements can be proven and a company can remind the other company what arrangement was agreed upon in prior messages. Well written business messages will put......

Words: 1539 - Pages: 7

Premium Essay

Business

...INITIAL BUSINESS IDEA Introduction For this task I have been asked to justify why my proposed business idea will be successful. In doing so I am going to present supporting evidence. Sole trader A sole trader is a person that owns the business with or without employees. This is the smallest and most popular type of business in the United Kingdom. In this situation the owner runs the business independently and also the business and the owner have the same legal identity which means if the business owns money the holder owns money. Explain two reason advantage One benefit of being a sole trader is that I retain all the profit that business makes. This is good because the profit that has been made through selling products or service will come back to the owner. This means all the money that will made from the business retain to the owner as he will not need to pay anyone e.g. staff or supervisor, or accounting etc. For example, if the business receives £3500 in a month from selling t-shirts the full £3500 will retain to the owner. This is a huge advantage because firstly, the owner will have more money to spend in marketing or other promoting recourses and secondly, if more money comes in the more it encourages the owner to work harder. This will make me successful because if I retain all of the money I can expand my business in the future and similarly I will have more available to make my business better, e.g. promote my business effectively. For example, if I......

Words: 2882 - Pages: 12

Premium Essay

Business to Business

...How Is Building a Brand in a Business- to - Business Context Different from Doing so in the Consumer Market? Creating and developing a strong product brand is a very critical step towards placing or setting a company apart from its competitors. This step depends on many variables within the business environment within which the company exist and belong. For example a company has to understand its operation, its market and most importantly who its clients and competitors are. A brand is simply a name, design or mark that informs/tells consumers the identity of a products and also enables consumers to reduce most risk involved in the buying decision. To develop a business-to-business brand, a company must be willing and able to allocate and channel some of its resources and energy on educating its clients. This involves, introduction to the product/s in question and the company’s reputation such as its capabilities and the standard and quality of its product/s. Awareness and education and campaigns are the greatest tools in a business-to-business to help sell the reputation of a business and its brand name and product/s, which cisco successfully achieved. In a business-to-business the targeted group is usually a corporation, organization or company. During its business-to-business, cisco focused its attention on makers of IT decision within corporation and corporate executives to market and sell its products. Also products in this category market and sells its “self”......

Words: 283 - Pages: 2

Premium Essay

Business

...Title Length Color Rating Different Viewpoints of Business Ethics - Introduction The purpose of this short paper is to compare and contrast three different peer-reviewed journal articles and one online periodical. First, the paper provides a brief introduction of the four articles. Second, the paper compares and contrasts the four articles. Finally, the author presents his views on the topic of social responsibility and business ethics before concluding the paper. Four Articles All four articles center their focus on business ethics. Of the four articles, three are scholarly peer-reviewed journal articles and one, by Friedman, is an online periodical.... [tags: Business, Ethics] :: 4 Works Cited 2005 words (5.7 pages) Strong Essays [preview] Alahmad and Murphy on Business Ethics - The first two journal articles that were compared and contrasted were Ala Alahmad’s 2010 article on To Be Ethical or Not to Be: An International Code of Ethics for Leadership and Patrick Murphy’s 2009 article on The Relevance of Responsibility to Ethical Business Decisions. Some key findings of Alahmad’s writings were that ethics and leadership were closely tied together; they were found to be derivatives of one another. He mentioned that ethics is an individual thought process of making good or poor decisions.... [tags: Business Ethics] :: 4 Works Cited 970 words (2.8 pages) Strong Essays [preview] Ethical Perspectives on Business Ethics - The determination of this paper is to......

Words: 3552 - Pages: 15

Premium Essay

Business

...Business Administration degree programs compared to other programs Name: Instructor: Institution: Course: Date: Introduction While most degree programs have been established in institutions of higher learning today, a business administration degree program is as sufficiently rigorous as any other degree program. The decision of coming up with the best degree course entirely depends on the students long term goals. For students making the decision about which program to pursue, taking an academically rigorous course is very imperative. However, this is a decision that the student has to come up through reviewing articles on how effectively this program meets their goals. For students who hope to make it in the world of executive and managerial positions, business administration is the program to pursue. Business administration is one of the most sought after degree programs of our times due to the increased corporate world and expansive growth of business and entrepreneurship in the world (Fickenscher, 2010). This study attempts to explain business administration programs as an academically rigorous degree to pursue, as compared to other programs. Ground With numerous programs coming up every day, remaining focused on the academic goals one hopes to achieve is critical. Business administration degree programs are not only academically beneficial but offer great and successful ever expanding careers. With...

Words: 1202 - Pages: 5

Free Essay

Business to Business

...Malaysia PROTON Holdings Berhad and Indonesia PT. Adiperkasa Citra Lestari (PT ACL) has signed Memorandum of Understanding to establish collaboration ties between both parties in relation to develop and manufacture of Indonesia National Car. (Tan, 2015) However there are business forces that affect collaboration of companies. One of the key forces is Social and Cultural in Environmental Forces, is defines as influencing mechanisms which exist within a population that guide business practices or purchasing behaviour. (BusinessDictionary.com, 2015) The reason Malaysia decided to collaborate with Indonesia is due to similar culture, such as religion, environments and language. Majority of Malaysian and Indonesian are Muslim which share similar language, hence the first obstacle has overcome as language plays an important role in business communication which also able to eliminates common mistakes and misunderstandings. Therefore, the development they are working on is more likely to carry out successful as strengthen of mutual ties in collaborating due to understanding of various cultures in both countries. The next forces is Environmental; Technological Forces. Define as changes in technology in technology which can have a significant impact on a company's processes, pricing of competition or even the obsolescence of a company's product. (Investorwords.com, 2015) Besides that, it shapes the collaborative behaviours that drive results by only making collaboration......

Words: 557 - Pages: 3

Premium Essay

Business Is Business

...The purpose of business is to provide people with a product or service and we all understand that businesses have those to whom it is responsible, whether it is the stock/shareholder or the consumer. Providing a service or making something is very black or white in the area of product or service responsibilities, where it becomes grey is in the area of social responsibility. Who would have ever dreamed that the same Ford Motor Company that destroyed thousands upon thousands of acres of rain forest in the in the jungles of South America in the early Nineteenth Century in search of an abundance of rubber would today be a champion of eco-fuels and rain forest preservation? Businesses are perceptive and have the fundamental understanding that in order to survive in today’s hypersensitive, politically correct society, they must be perceived as guardians of “what’s in” rather than concentrating on their bottom line because in many instances, that perception ends up affecting their bottom line. God created the universe and all that’s in it for us to enjoy and utilize. In Genesis, we learn that after the fall and the realization of our nakedness that Adam and Eve utilized animal skins in order to cover their bodies due to shame. They actually had to do some “dirty work” in order to make the skins into clothing. This alone tells us that having dominion over the animals and the things of the earth means we are to utilize them as needed but at the same time to be good stewards. ......

Words: 816 - Pages: 4

Free Essay

Business to Business

... . . . . The Neilsen Rating System The Neilsen Ratings System began as a radio rating system by Arthur Neilsen. The Neilsen Rating System evolved to eventually analyze television data. In 1950, Nielsen moved to television, developing a ratings system using the methods he and his company had developed for radio (Levin, 2006). That method has since become the primary source of audience measurement information in the television industry around the globe. Measuring Ratings The Neilsen Rating system is characterized as a syndicated data provider. A syndicated data provider tracks the change of one or more measures over time, usually in a given industry (Cooper, 2006). Neilsen Rating system makes a very lucrative business for the data that is presented to the entertainment industry, most importantly television. The primary system of measuring data for the Neilsen Rating system is by gathering data and the industry pays up to millions of dollars for periodic reports of data. Devices are used to gather the information. These devices gather the viewing habits of the home and transmit the information nightly to Nielsen through a "Home Unit" connected to a phone line. . . The technology-based home unit system is meant to allow market researchers to study television viewing habits on a minute to minute basis, seeing the exact moment viewers change channels or turn off their TV (Segal, 2007). Another term for this process is Neilsen using set meters. Set......

Words: 1516 - Pages: 7

Premium Essay

Business

...BTEC Business Unit 1: Business Purposes Learner Name: | Centre Number: 23168 | BTEC Business | | Learner No: | | UNIT NUMBER AND TITLE: | Unit 1: Business Purposes | ISSUE DATE: | | HAND IN DATE: | | RESUBMISSION DATE: | | ASSESSOR: | | Aims The aim of this unit is to enable you to understand the nature of business organisations and the business environment in which they operate. You will do this by looking at the range of organisations that exist locally, regionally and nationally and by considering the business framework in which they operate Work covered You will: * Understand the purpose and ownership of business * Understand the business context in which organisations operate Understand the purpose and ownership of business Purpose: supply of goods and services e.g. at a profit, free, at cost, for sale below cost Ownership: sole trader; partnership; limited companies (private [ltd], public [plc]); charity; voluntary organisations; co-operatives; government Size: small; medium; large Scale: local; regional; national; European and global organisations Classification: primary (e.g. farming, forestry, fishing, extraction/mining); secondary (e.g. manufacturing, engineering, construction); tertiary (e.g. private service industries, local and national public services, voluntary/not-for-profit services) Understand the business context in which organisations operate Role of government: European;......

Words: 786 - Pages: 4

THE PEDESTRIAN ASSIGNMENT - 623 Words | Distance: les plus proches | Advertiser