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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. Which of the following is a means by which people can maintain their knowledge and skills related to their professional careers and is an obligation required in some professions to retain professional accreditation?
2. __________ prescribes standards for wages and overtime pay
3. ____________ occurs when a company launches a low-priced product with the goal of securing market share.
4. __________ is the selling price of an item, less than the cost of goods sold.
5. The __________ principle affirms the right of every American to work for a living without being compelled to belong to a union.
6. 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) __________
7. A market economy based on supply and demand with little or no government control is called a (a) __________?
8. Which of the following financial institutions is a member owned co-operative?
9. A group of representatives chosen from a labor union or from both labor and management to consider and remedy workers' complaints is called a (n) __________
10. A tax imposed on imported goods and services is called a (n) __________?
11. __________ is a document authorizing a seller to deliver goods, with payment to be made at a later date by the customer receiving the goods.
12. A simple drawing or diagram that shows the main parts of something is called a (n) __________
13. Actions that create an intimidating, hostile, or offensive work environment is referred to as __________
14. When two companies combine to form a new company, this is called a __________
15. A (n) __________ is a computer program that provides special capabilities beyond that of a text editor
16. Which of the following strategies consist of finding a new market for the company's current products?
17. 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 __________?
18. A person who tries to influence legislation on behalf of a company or industry group is called a (n) __________
19. __________ is the periodic prescribed inspection and/or servicing of equipment accomplished on a calendar, mileage, or hours of operation basis.
20. A systematic process to ensure that an organization has the right number of people with the right skills to fulfill business needs is called a (n) __________?
21. The __________ principle states that there should be a clear and unbroken line of communication from the top to the bottom of the organization.
22. Theory X managers tend to see their subordinates as __________.
23. __________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.
24. Which of the following is a criteria that is commonly used in selecting a supplier?
25. A market or industry which is dominated by a small number of sellers is which of the following types of markets?

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