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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. 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) __________?
2. Which of the following is a disadvantage to a business in using outsourcing?
3. __________is the supervision of supply, storage and accessibility of items in order to ensure an adequate supply without excessive oversupply.
4. ____________ occurs when a company launches a low-priced product with the goal of securing market share.
5. __________ is the science of reducing a job or task to its basic physical motions.
6. Marketing, Finance, Accounting, Human Resource, and IT are examples of corporate __________?
7. A (n) __________ is an organization founded and funded by businesses that operate in a specific industry
8. Which of the following is a mistake made by businesses in communicating in foreign markets?
9. 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?
10. When a nonprofit and a for-profit corporation partner together with the purpose of advancing the mission-related work of the nonprofit, and the marketing goals of the corporation a (n) __________ relationship has been formed.
11. Continuous improvement is_________
12. Robert's Garage purchased parts from XYX Auto Parts and has been given up to 30 days to pay for the purchased parts. XYZ Auto Parts has extended __________ to Robert's Garage.
13. __________ is the selling price of an item, less than the cost of goods sold.
14. Relationships such as ROI and ROA that are determined from a company's financial information and used for comparison purposes are called __________
15. Social security and Medicare taxes paid by an business is a type of __________
16. __________ represents the worldwide interdependence of resource flows, product markets, and business competition that characterizes the new economy.
17. In a (n) __________the employer agrees to hire union members only, and employees must remain members of the union at all times in order to remain employed.
18. A (n) __________ is a document used to help run a company by providing a cohesive vision for the company.
19. A (n) __________ can be a barrier to effective business communication.
20. 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) __________
21. McDonald's has made an agreement with the ABC Company to allow the ABC Company to use McDonald's business model to open McDonald's restaurants in France. This type of arrangement is called __________?
22. __________ is the main federal agency charged with the enforcement of safety and health legislation
23. The difference in value between the total exports and total imports of a nation during a specific period of time is called the __________
24. A (n) __________ organizational structure is one in which senior management has shifted the authority for some types of decision making to lower levels in the organization.
25. A simple drawing or diagram that shows the main parts of something is called a (n) __________

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