Quiz Advanced.qzpp

Couldn't confirm presence of Flash 8 or higher because JavaScript was disabled.Get FlashI really do have Flash installed.ul{margin-top:0px;margin-bottom:0px;list-style-type:none;padding-left:20px;}1. In double-entry bookkeeping, the value of a transaction is recorded …

[ ] As a debit in the books and a credit in your bank account.

[ ] In two separate accounting packages to ensure no data is lost.

[ ] Illegally.

[ ] As a debit in one account and a credit in another.

2. A company’s mission, vision, and values state its…

[ ] Goals for the year, view of its current goals, and values of its stock.

[ ] Expectations for its employees.

[ ] Purpose for existence, vision for the future, and values that shape its actions.

[ ] Expectations for its Board of Directors.

3. Six Sigma was developed…

[ ] In the 60’s by a fraternity to measure success after graduate school.

[ ] By Japanese Black Belts to improve warfare tactics.

[ ] By General Motors to decrease production stoppages.

[ ] In the 80’s by Motorola to measure defects and improve quality.

4. New managers need to remember to…

[ ] Build team spirit by praising the team when they receive compliments.

[ ] Let go of their old job and just focus on the new one.

[ ] Not make too many changes before fully understanding the workings of the new position.

[ ] New managers? They need to do all of these!

5. Micro Management refers to…

[ ] A manager’s responsibility of coordinating many managers who manage the smaller, daily work of the employees.

[ ] Managers who get over-involved in the details of the daily work of their employees, so employees have no decision making power.

[ ] Managing projects that involve detailed, smaller projects that need close supervision to avoid delaying the entire project.

[ ] Managing the production of small computer chips.

6. Good communication is important in working with others, and asking open questions gets more information. These are all Open questions except:

[ ] Describe the fastest way to contact our customers.

[ ] What is the best way to accomplish this?

[ ] Tell me what you saw.

[ ] Did you see what happened?

7. An investor who provides capital for a start-up business is called…

[ ] A Capitalist.

[ ] An angel investor.

[ ] Regularly by the FTC for consumer advice.

[ ] A Investment Management Firm.

8. Using Project Management techniques, which of these tools would you need?

[ ] SAW, HAMR, and a screwdriver

[ ] Gantt Chart, Critical Path Analysis, Work Breakdown Structure

[ ] Pie Chart, Time Management Matrix, a wiki

[ ] SMART Goals, Cost Analysis, K9 forms

9. What is the difference between authority and power?

[ ] Authority is the ability to influence an outcome; power is the right to do something. You could have authority without the power.

[ ] There is no significant difference. This is a trick question.

[ ] Authority is the right to do something; power is the ability to influence an outcome. You could have power without the authority.

[ ] Authority is an elected position; power is not necessarily elected.

10. The technique of making orderly, controlled change in an organization is known as...

[ ] The Pareto Principle

[ ] Time Management

[ ] Change Management

[ ] CIM: Changes in Management

11. In one state, widgets sell for $.50 each. In the neighboring state, they sell for $3.50. What economic principle accounts for the difference in price?

[ ] Production is more efficient in one state.

[ ] The Lemonade Stand

[ ] Consumers determine prices.

[ ] Higher unemployment in the widget sector contributes to lower prices.

12. SMART goals are…

[ ] Specific, Measureable, Achievable, Realistic, Timely

[ ] Supportive, Meaningful, Agreeable, Realistic, True

[ ] Supportive, Measureable, Agreeable, Realistic, Telling

[ ] Sound, Moveable, Artful, Reasonable, Truthful

13. Research attempting to measure consumer attitudes and perceptions before a new product is developed is called…

[ ] Play by play analysis

[ ] Idea generation

[ ] Concept testing

[ ] Test marketing

14. Ford Motor Company introduced this revolutionary production concept in 1913:

[ ] Gantt Charts

[ ] The Assembly Line

[ ] Model toy cars

[ ] SMART Goal Development

15. TQM stands for _ and means _.

[ ] Total Quality Management; continuous learning is in place for managers.

[ ] Total Quality Management; process measurement and controls are in place for continuous improvement.

[ ] Transitioned Quiet Motion: to reduce stress, a refocusing on your work in a more quiet workplace.

[ ] Typical Quantitative Management: measurement of management initiatives.