Exam 19: Staffing and Leading a Growing Company
Exam 1: Entrepreneurs: the Driving Force Behind Small Business102 Questions
Exam 2: Strategic Management and the Entrepreneur129 Questions
Exam 3: Choosing a Form of Ownership139 Questions
Exam 4: Franchising and the Entrepreneur118 Questions
Exam 5: Buying an Existing Business131 Questions
Exam 6: Conducting a Feasibility Analysis and Crafting a Winning Business Plan131 Questions
Exam 7: Creating a Solid Financial Plan133 Questions
Exam 8: Managing Cash Flow139 Questions
Exam 9: Building a Guerrilla Marketing Plan130 Questions
Exam 10: Creative Use of Advertising and Promotion137 Questions
Exam 11: Pricing and Credit Strategies150 Questions
Exam 12: Global Marketing Strategies142 Questions
Exam 13: E-Commerce and Entrepreneurship106 Questions
Exam 14: Sources of Equity Financing143 Questions
Exam 15: Sources of Debt Financing149 Questions
Exam 16: Location,layout,and Physical Facilities168 Questions
Exam 17: Supply Chain Management152 Questions
Exam 18: Managing Inventory158 Questions
Exam 19: Staffing and Leading a Growing Company139 Questions
Exam 20: Management Succession and Risk Management Strategies in the Family Business148 Questions
Exam 21: Ethics and Social Responsibility: Doing the Right Thing156 Questions
Exam 22: The Legal Environment: Business Law and Government Regulation171 Questions
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How can job design serve as a motivational tool for the small business owner? What are the various elements of job design the entrepreneur needs to consider when seeking to motivate employees?
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(Essay)
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Motivation is the degree of effort an employee exerts to accomplish a task;it shows up as excitement about work.Four important tools of motivation are empowerment,job design,rewards and compensation,and feedback.Giving employees timely,relevant feedback about their job performance through a performance appraisal system can also be a powerful motivator.Money is an important motivator for many workers,but not the only one.The key to using rewards such as recognition and praise to motivate involves tailoring them to the needs and characteristics of the workers.
To improve communication,leaders should use written means,e-mail,memos,notes,etc. ,to ensure clarity and to be able to track that instructions were given.
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(True/False)
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Correct Answer:
False
The first step in establishing a feedback loop is deciding:
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(Multiple Choice)
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Correct Answer:
C
Job sharing is a work arrangement in which employees work at a place other than the traditional office,such as a satellite branch closer to their homes or,in some cases,at home.
(True/False)
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In the feedback loop,the final and most important step is when the manager/small business owner:
(Multiple Choice)
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Outline the necessary guidelines for establishing a performance appraisal system.
(Essay)
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The process of influencing and inspiring others to work to achieve a common goal and then giving them the power and freedom to achieve it is called:
(Multiple Choice)
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If an employment test measures what it is intended to measure,then the test is reliable.
(True/False)
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A motivational tool that also helps to guide performance and lets the owner know that his/her company is accomplishing its operational goals is:
(Multiple Choice)
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Miguel and Jamie are talking.Miguel keeps using baseball metaphors as he is giving instructions to Jamie.Not having any experience with baseball,Jamie is only understanding about half of what Miguel is saying.Miguel and Jamie are experiencing ineffective communication because of:
(Multiple Choice)
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Which of the following statement is correct on today's organizational culture?
(Multiple Choice)
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Which type of interview question is more effective and encourages candidates to talk?
(Multiple Choice)
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A survey of small companies shows that nearly half reward their workers with bonuses or other performance-related compensation.
(True/False)
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The small business leader performs four vital tasks;communicating the vision,finding the necessary resources to accomplish the vision,finding the external expertise to help accomplish the vision,and the ability to motivate his/her own workers to achieve the vision.
(True/False)
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________ involves giving workers at every level of the organization the authority,the freedom,and the responsibility to control their own work,to make decisions,and to take action to meet the company's objectives.
(Multiple Choice)
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Because the small business often can't compete on the basis of salary offers with larger companies,small business owners:
(Multiple Choice)
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Companies that have used teams successfully still pay members individually,but they make successful team work a major part of an individual's performance review.
(True/False)
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When a small business owner increases the variety of skills needed on a job,permits the worker to complete an entire job rather than a portion of it,and gives the worker more freedom of decision on how to perform the job,the owner is using:
(Multiple Choice)
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