Quiz Preview 4/ Business - Introduction To Business

Which of the following statements about the use of spoken language is NOT true?

What are some challenges to the vertical organizational structure?

Terrance is a manager at a bank. He has to decide whether to lend $10,000 to Weed and Prune, a landscaping company. He should

4

Sophia, a pharmaceutical study manager, moves to a new job that involves more responsibility and an increase in compensation. This transition would typically be considered

5

The stock of foreign direct investment refers to the total accumulated value of foreign-owned assets at a given time

6

Experts say that the first law of business is to take care of what group?

7

Nonbusiness entities typically obtain revenue through

8

Involving current employees in a new hire's orientation is never a good idea because it takes their focus off work tasks and results in a decrease in productivity

9

A(n) ________ is a complete ban on the import or export of certain products.

10

Managerial control with the global strategy is highly decentralized

11

How do networks and technology lead to leaner companies?

12

Direct-response marketing occurs when a retailer advertises a product and makes it available through mail or telephone orders

13

_____ demands that marketers actively contribute to the needs of the broader community

14

The main difference between wholesalers and retailers is that retailers sell products directly to consumers

15

Fast-food companies are providing healthier food choices to help combat the skyrocketing obesity rates in the U.S. This time in marketing's history is known as ________

16

Social activism dedicated to protecting the rights of consumers is the result of what?

17

Sue walked into the grocery store and was offered a free sample of a new candy bar. She tasted it and immediately put two more bars in her cart. The part of the grocery store's promotional mix Sue responded to is ________

18

In a computer network, what serves as the "go-between"? Explain

19

Research from the Ethics Resource Center (ERC) indicates that organizational culture:

20

Gross Domestic Product (GDP) levels tend to be somewhat understated, since they don't include any illegal activities, which can represent a significant portion of some countries' production.

21

Before sales of its iPad 1 reached its peak, Apple launched the iPad 2, which took sales from the iPad 1 but also beat competitors' product offerings to the market. This move helped Apple maintain its standing as a leading-edge company in tablet PCs and demonstrates the importance of _____ as a competitive advantage

22

What are some tips useful in planning more effective business memos?

23

Which of the following is an informal communications network within the organization?

24

When workers go on strike, management is often compelled to keep the business operation running. If it is unable to achieve this on its own, management may

25

According to Tuckman's model of team development, in the ________ stage of team development, members of the team are fully committed to the team's objectives and the team achieves its full potential in terms of task accomplishment

26

Which of these characteristics is NOT applicable to a multinational company?

27

You manufacture construction equipment. The price of steel has increased by 30%, forcing you to increase the price of your equipment by the same amount. What is the likely effect?

28

Market research involves gathering, interpreting, and applying information to uncover opportunities and challenges for business

29

Why is it important for companies to have mobile-friendly websites?

The rise of mobile communication has some obvious implications, such as the need for websites to be mobile friendly. Increasingly, users expect websites to be mobile friendly, and they're likely to avoid sites that aren't optimized for mobile. As mobile access overtakes computer-based access, some companies now take a mobile-first approach, in which websites are designed for optimum viewing on smartphones and tablets rather than conventional PC screens. Another successful approach is creating mobile apps that offer a more interactive and mobile-friendly experience than a conventional website can offer. Just as with social media, the changes brought about by mobile go far deeper than the technology itself. Mobile changes the way people communicate, which has profound implications for virtually every aspect of business communication.

30

A corporation is a legal entity distinct from the persons running the corporation

31

To execute an effective promotional strategy, firms are required to choose between a push strategy and a pull strategy.

32

Staffing involves recruiting, hiring, motivating, and retaining the best people available for the organization.

33

In corresponding with customers, making statements such as, "Thank you for purchasing the most durable notebook computer you can buy" is

34

In Herzberg's theory, if satisfiers are missing, the employees will be dissatisfied

35

A tariff is a tax levied on a particular foreign product entering a country.

36

The informal organization of a business can help generate creative solutions and inspire teamwork and camaraderie.

37

Boeing is incorporated in Seattle, Washington. It has a large facility in Huntsville, Alabama, and is considered a(n) ____ because it conducts business within Alabama.

38

Which equation is equivalent to the accounting equation?

39

While most organizations have a formal organization structure, only poorly managed firms also have an informal organization.

40

Although recruiters expect résumés to be written carefully, most of them will tolerate a few typos

41

In the context of financial statements of a company, cash flow statements commonly begin with _____.

42

Sally earned a 10 percent increase in her salary and received the entire increase at the beginning of the year, with the stipulation that she would not leave the company in that year. Five months later, she quit her job and went to work for a competitor. She had to return the 10 percent payment she had received because she had violated a rule for

43

_____ is a technology that stores information on a microchip and transmits it to a reader when it is within range.

44

Responsibility is ________.

45

Which of the following BEST describes two of the three primary functions of the Federal Reserve System?

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Quiz Preview 4/ Business - Introduction To Business

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