Business Management Review

A manager who provides leadership within the company or interacts with others outside the organization is
said to be working within his or her ____.

• Information Related Role
• Interpersonal Role
• Decision-Making Role
• Required Role

The combination of the unique qualities that make you who you are is known as your

• Interests
• Skills
• Personality
• Ability

A ________ is an agreement between two parties to carry out a transaction, such as the sale of goods from a seller to a buyer.

• Patent
• Regulation
• Copyright
• Contract

Companies must comply with all of the following employment laws EXCEPT _______.

• Equal Employment Opportunity (EEO) Laws
• Wage-Hour Laws
• Benefits Laws
• Employee Lay-Off Laws

This concept states that producing one good means not producing another.

• Law of Supply
• Law of Demand
• Opportunity Cost
• Scarcity

This concept states that as the price of a good rises, producers are willing to supply more of that good.

• Law of Supply
• Law of Demand
• Opportunity Cost
• Scarcity

Rent is an example of a(an):

• Equilibrium Price
• Mandatory Expense
• Fixed Cost
• Variable Cost

An agreement that permits one company to sell another company's products abroad in return for a percentage of the company's revenues is known as a(an):

• Export Agreement
• Import Agreement
• International Trade Agreement
• _{Licensing Agreement}

A manager will most likely use intuitive decision making when any of the following exist EXCEPT:

• There is no time to conduct research or to do further study on a particular situation
• All of the facts cannot be gathered to make a rational decision
• Several possible decision options are presented
• The manager feels like the decision is right regardless of what the facts say

To communicate effectively, managers need to determine ____.

• How much time he or she has to speak
• Whether the podium is high enough
• The amount of space necessary to make a speech while standing
• What the audience hopes to gain by listening