1. A __________ is two firms combining to form one company.
joint tenancy
Tenancy in common
Merger
Leveraged buyout
2. The Small Business Administration defines a small business as a firm that:
Has fewer than 100 partners
Is independently owned but not dominant in its industry
Is dominant in its industry, but small in the number of workers it employs
Has annual receipts of more than a specified amount depending upon the industry
3. __________ planning prepares alternative course of action that may be used if the primary plans are not achieving objectives.
Strategic
Contingency
Tactical
Alternative
4. In a __________ organization, specialists from different parts of the organization are brought together on a temporary basis to work on specific projects.
Matrix
Line
Line-and-staff
Centralized
5. __________ is the physical arrangement of resources in the production process.
Facility location
Facility layout
ERP
Process control
6. Herzberg found that good pay:
Was the strongest motivator
Was a significant motivator, but not as important as job security
Was a hygiene factor rather than a motivator
Had no effect on worker attitudes.
7. __________ emphasizes motivating the worker through the characteristics of the job itself.
Automation
Job engineering
Scientific management
Job enrichment
8. One of the key functions of human resource management is:
Departmentalizing
Recruiting
Budgeting
Auditing
9. __________ workers do not have the expectation of regular, full-time employment.
Contingent
Apprenticed
Indentured
Underemployed
10. Managers at the Allerton Bank get a performance appraisal one time each year. The bank uses a relatively new evaluation process that provides feedback about performance not only from superiors but also from subordinates and other managers at the same level. This type of evaluation is known as a(n):
Organization-wide appraisal
360-degree review
Circular analysis
Multilevel assessment