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Penn Foster BUS 101 Introduction to Business
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This course provides an understanding of the various facets of business and the challenges businesses face in a global environment such as competition and economics. Accounting, technology and information systems, marketing and management are examined through the phases of starting and growing a business. Management of financial and human resources along with the ethical and social responsibilities of business are examined.

Penn Foster BUS 101 Introduction to Business
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25 Questions

1. The first step in performance planning and appraisal is to

2. ______ is responsible for identifying the Theory Z style of management

3. What's the main goal of a financial manager

4. Articles of incorporation do not include

5. Who does the FDIC insure

6. In the ______ stage of product lifecycle, sales grow at an increasing rate, profits are health, and many competitors enter the market

7. The consumer product channel for insurance begins with the _____ and flows to the next agent or broker

8. Who is considered the father of scientific management

9. _____ planning is short- range, detail planning that's based on long-range planning. It typically has a time frame of less than one year

10. A ____ is a formal document that states an organizations purpose and reason for existing and describes its basic philosophy

11. In an organization with a unionized labor force, the shop steward

12. Which statement about a corporation is accurate

13. Which of the following functions involves bringing similar stacks together into a larger quantity

14. A financial manager must manage the opportunity for profit. What is this called

15. A company should use _____ to resolve differences among hundreds of acquired businesses, unifying them into a whole, to save millions per year by making better use of existing resources and data

16. For the products that are services, the distribution channel is based primarily on

17. Which of the following is unsecured short term debt that a financial manager looks for as low risk investment with a high return

18. _____ planning is the creation of long-range, comprehensive objectives and the development of long-term courses of action

19. A theory x manager would assume the workers are

20. Which of the following is a critical IT solution for attracting and retaining younger workers

21. Which of the following is an example of a disadvantage associated with a partnership

22. One of the advantages of owning a small business is

23. Which of the following represents the customers feeling that A product has met or exceeded expectations

24. Which of the following is best defined as a trade agreement in which one company allows another company to use its company name, products, patents, brands, trademarks, raw materials and/or production processes in exchange for a fee or royalty

25. Categories such as education and household size Represent which of the following

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