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FBLA Management Decision Making Test 2
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FBLA Management Decision Making Test 2
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25 Questions

1. What type of business structure has the capability to make decisions quickly?
2. Earnings reinvested in the business to replace equipment, add new facilities, or serve as financial protection is:
3. The ___ principle is the idea that the morally right action is the action that produces the best consequences for everyone involved, not just for one individual.
4. The ___ principle is the idea that the right thing for a person to do in any situation is the action that best serves the persons' own long-term interests.
5. A key component for negotiations is considering each stage of the interactions. Negotiations should never begin with:
6. ____ involves dedication to the employer.
7. Which one of the following is not a benefit of strategic fit?
8. ___ is a strategic planning tool that helps managers identify critical events from the external environment that will have a direct impact on their decision making.
9. Of the 25 million businesses in the United States, most:
10. Employees paid by piecework:
11. ___ involves how group members interact and influence one another.
12. A situational leader does not:
13. One good strategy to keep an audience of co-workers engaged during a presentation is to:
14. What is the usual time limit that short-term debt must be repaid to the lender with interest?
15. Management by objectives means:
16. In return for payment of franchise fees, a franchisee is given:
17. One advantage of recruiting outside the company is that:
18. A stockbroker has ____ when investing the client's money.
19. Which statement is true about a corporation?
20. Which one of the following is not a factor that producers consider when deciding which channels to select for distribution?
21. The number and type of businesses in a channel of distribution are determined by the:
22. In a company, what does delegation mean?
23. In modern factories:
24. Which type of business operation is not common to almost every type of business?
25. To share certain information with selected people outside a company, such as suppliers and major customers, the company would use a(n):

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