Jean Inman Domain 3&4 Exam Questions With Answers

the length of time it will take for the cash inflows from a project to equal the initial cash payment, or how much time it will take for an investment to pay for itself {Ans: payback period}the difference between the cost and the selling price {Ans: mark up factor}social class, lifestyle, motive {Ans: examples of psychographic variables}description of what to do and how to do it (no time limits) {Ans: job breakdown}when an employee must be a member of a union before they can be hired {Ans: closed shop}ability to work effectively as a group member this skill is important at what level of managing? {Ans: human skills important at all levels, but imperative in lower mgt}