SDC Intro to Business Practice Test

Front

The amount that a company must pay to either borrow money or to owners as a return on their investment is called:

Back

Cost of Capital

Front

The process of coordinating people and other resources to achieve the goals of an organization is called

Back

Management

Front

involves creating a vision for others to follow, establishing corporate values and ethics, and transforming the way an organization does business so that it is more effective and efficient.

Back

Leadership

Front

Generally, when the money supply (M1) grows faster than the economy itself, the result is:

Back

Inflation

Front

Which of the following is NOT a core activity in a supply chain? Inbound Logistics, Outbound Logistics, Procurement, Retail Management

Back

Retail Management

Front

A body of enforceable rules and principles of conduct is known as:

Back

Law

Front

The business plan should contain a section that describes the purpose of the business, the reason for it to exist.

Back

Mission Statement

Front

Production processes add ___________

Back

Value to the Product

Front

is the process of evaluating human resource needs and then recruiting, selecting, developing, motivating, evaluating, compensating, and scheduling employees to achieve organizational goals.

Back

Human Resource Management

Front

What is exporting?

Back

When a company ships a product to another country