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strayer Bus402 week 10 quiz




Question;Question 1;When employees can set their own work hours within certain guidelines, they are involved in;Answer;flextime.;flexplace.;job sharing.;hoteling.;2 points;Question 2;involves;cross-training employees so they can move from one job in the company to;others, giving them a greater number and variety of tasks to perform.;Answer;Job enlargement;Job simplification;Open-Book Management;Job rotation;2 points;Question 3;If a business owner goes to self-directed work teams, he/she is most likely using the ________ style of management.;Answer;team-based;big-team venture;entrepreneur-plus-employee team;small partnership;2 points;Question 4;Open book management is one technique that supports;Answer;a job redesign strategy.;the empowering of employees.;job enrichment.;effective job hiring.;2 points;Question 5;Kim, the human resources;manager, is conducting an orderly and systematic evaluation of all the;facts about a new position in order to determine what kind of employee;to hire and how to compensate the position. This is called a;Answer;job description.;human resource plan.;job specification.;job analysis.;2 points;Question 6;The grapevine in most organizations is;Answer;almost always incorrect in its content.;nonexistent in organizations where management communicates face to face and by memo.;the first place employees hear about major organizational changes.;generally only used by troublemakers and gossips within the organization.;2 points;Question 7;The implementation of teams fails sometimes because;Answer;too many high performers are placed on one team and they compete with each other.;the implementation of team-based pay inhibits individual achievement and the whole team suffers.;the team leader and team members do not receive adequate training.;of all of these things.;2 points;Question 8;Effective leaders are noted for their;Answer;ability to get their followers to do what they themselves can't or won't do.;ability to provide guidance based on values for making decisions.;willingness to assign responsibility while retaining authority so they can monitor employee success.;focused seriousness in achieving goals, working hard and then harder.;2 points;Question 9;A job specification;Answer;determines when certain people will be needed by the company due to growth.;evaluates employee work habits.;translates the duties of the position into qualifications.;identifies the skill, experience, and education necessary to perform the job.;2 points;Question 10;When it comes to enforcing employment laws and the job interviewing process, the EEOC;Answer;flatly outlaws certain specific questions.;watches for questions that can lead to employment discrimination.;provides an interviewing guide with approved questions for use by the entrepreneur.;is largely unconcerned about job interviews in small businesses unless someone files a complaint.;2 points;Question 11;When checking references, the small business owner;Answer;can largely ignore the references of professional job candidates.;should also talk with previous employers, not just the references provided.;may only ask for confirmation of employment dates, job title, and salary information.;is able to ask any question of the reference to find about things he/she could not ask the candidate.;2 points;Question 12;A motivational tool that;also helps to guide performance and lets the owner know that his/her;company is accomplishing its operational goals is;Answer;benchmarking.;feedback.;job redesign.;a human resource audit.;2 points;Question 13;Sometimes effective communication is blocked between leaders and followers by;Answer;information overload or ambiguity in the communication.;the followers' use of the grapevine.;the lack of nonverbal signals in an e-mail message.;the leader being too empathetic when talking with followers.;2 points;Question 14;If a company is to succeed, a leader must perform four vital tasks which include;Answer;knowing what to do.;motivate workers to higher levels of performance.;knowing how to do.;wanting to do something.;2 points;Question 15;A ________ outlines the duties and responsibilities associated with a job and the working conditions involved.;Answer;job analysis;job description;job specification;human resource plan;2 points;Question 16;When a business owner;purchases protection for losses occurring when a contract is not;completed on time or is performed incorrectly, it is buying;insurance.;Answer;casualty;surety;liability;comprehensive;2 points;Question 17;insurance is;protection from loss, theft, or destruction applied to vehicles;buildings, etc. It can be written with a broad coverage or to cover a;specific item or items.;Answer;Life and health;Pensions and annuities;Workers' compensation;Property;2 points;Question 18;When a risk is evaluated;in terms of how much it could affect a company's ability to operate, the;risk is being assessed in terms of;Answer;probability.;cost.;actuality.;severity.;2 points;Question 19;In an, ________ managers;and/or employees borrow money from a financial institution and pay the;owner the total agreed-upon price at closing, then they use the cash;generated from the company's operations to pay off the debt.;Answer;Strong Family Ties;Employee Stock Ownership Plans (ESOPs).;Leveraged Buyouts (LBOs).;A Sale for Cash Plus a Note;2 points;Question 20;A small business that;puts aside a specific amount of money into a special fund each month to;cover the cost of replacing its highly specialized manufacturing;equipment is using a risk ________ strategy.;Answer;avoidance;reduction;anticipation;transfer;2 points;Question 21;In ________ of the;management succession process, the successor's real decision-making;power grows rapidly. The final assessment of the individual's abilities;is determined.;Answer;Stage I;Stage II;Stage III;Stage IV;2 points;Question 22;A formal mentoring;program should be established in ________, using both internal and;external people. As the successor develops his/her skills and;performance, he/she will transition to the next stage.;Answer;Stage I;Stage II;Stage III;Stage IV;2 points;Question 23;A small business that;buys a fire insurance policy on the equipment in its corrugated box;factory is relying on a risk ________ strategy.;Answer;avoidance;reduction;anticipation;transfer;2 points;Question 24;What are the exit strategies available to entrepreneurs when it is time to step down?;Answer;Close the business;File for Chapter 7;Sell to outsiders;Force a family member to take over;2 points;Question 25;Life insurance differs from all other types of insurance in that;Answer;it cannot be purchased by the one who benefits from the loss.;it does not pertain to risk.;it is federally insured.;it doesn't pay unless there is a loss.;2 points;Question 26;A ________ is a special;type of irrevocable trust and has become one of the most popular tools;for entrepreneurs to transfer ownership of a business while maintaining;control over it and minimizing estate taxes.;Answer;Grantor Retained Leverage Trust;Grantor Retained Annuity Trust;Guarantee Retained Annuity Trust;Grantor Retained Life Insurance;2 points;Question 27;The most common and popular estate planning tool for small business owners is the;Answer;buy/sell agreement.;irrevocable trust.;family limited partnership.;estate freeze.;2 points;Question 28;In a grantor-retained annuity trust;Answer;there;is an attempt to minimize taxes on a family by creating two classes of;stock?preferred stock, whose value is locked in, and common stock, whose;value reflects the market value of the business.;a business owner can pass on up to $10,000 annually, which is exempt from federal gift taxes.;the grantor retains the voting power and interest income from the stock in the trust for up to ten years.;the;surviving owner or heir of a family business has the right to purchase;the stock of the deceased owner at a price established by a;predetermined formula.;2 points;Question 29;While it is an essential;quality for a successful family business, this quality is the one that;cannot be imposed or forced. If family members refuse to embrace it;they can still be part of the business.;Answer;shared power;a willingness to learn and grow;shared values;family behavior;2 points;Question 30;offer liability;coverage that protects against losses resulting from injuries, damage;or theft involving the use of company vehicles.;Answer;Worker's compensation;Surety insurance;Professional liability insurance;Auto insurance policies


Paper#54166 | Written in 18-Jul-2015

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