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FBLA Management Decision Making Test
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FBLA Management Decision Making Test
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25 Questions

1. Joan is a new employee at PRX Corporation and to learn her job, she has been assigned to work with Alex who has been in this job for 20 years. This type of employee training is called __________?
2. Which of the following would be considered a violation of an employee's privacy rights?
3. __________ is the selling price of an item, less than the cost of goods sold.
4. When two companies combine to form a new company, this is called a __________
5. A slip of paper issued by a store to a customer showing a purchase was made is called a (n) __________
6. The four basic functions of management are __________.
7. Continuous improvement is_________
8. The __________ principle states that there should be a clear and unbroken line of communication from the top to the bottom of the organization.
9. The unauthorized reproduction for sale or use of a copyrighted work is called __________?
10. A market or industry which is dominated by a small number of sellers is which of the following types of markets?
11. Which of the following best describes an assertive communication style?
12. __________ is the science of reducing a job or task to its basic physical motions.
13. The __________ principle affirms the right of every American to work for a living without being compelled to belong to a union.
14. The chief financial officer of a business is commonly referred to as the CFO of the company. This illustrates the use of a (n) __________
15. Theory X managers tend to see their subordinates as __________.
16. The first section of an effective business plan is a concise overview of your business plan and is called the __________
17. An agreement between employees and management governing wages and benefits and working conditions is called a (n) __________
18. An inventory control system which was developed from the philosophy that the storage of unused inventory is a waste of resources is called __________
19. Blight Manufacturing has decided to pay each of their stockholders $1.00 for each share of stock the stockholder owns. This is called a (n) __________
20. On a balance sheet, assets must equal liabilities plus __________.
21. Which of the following describes the process that is used by businesses to determine how a business will afford to achieve its strategic goals and objectives?
22. __________is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
23. Marketing, Finance, Accounting, Human Resource, and IT are examples of corporate __________?
24. __________ is a technique that makes use of external comparisons to better evaluate one's current performance and identify possible actions for the future.
25. Which of the following is used to describe a period of temporary economic decline during which trade and industrial activity are reduced

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