Quiz Mark 3- Business - Introduction To Business

The grapevine refers to the formal channel used for confidential communications between members of top management.

Greg owns a local ice cream store. His business started small, but over the years, word of mouth brought more people into town to try his delicious homemade ice cream. Since business is booming, Greg has decided to expand his business and open three additional stores in surrounding towns. What does growth like this require in terms of structure?

3

Which of the following, if true, weakens the vice president's argument?

4

Accredited investors are securities dealers that make a commitment to continuously offer to buy and sell specific NASDAQ-listed stocks

5

In some cases, prices are assigned to goods on the basis of nothing more than customs and traditions

6

The government of Keiron, a South Asian country, noticed a visible decline in the country's natural resources. To counter this, it passed an act that mandated all businesses to reduce wastage and adopt more eco-friendly methods of production. In the given scenario, the government of Keiron most likely embraced the idea of _____.

7

What is the most common and direct way to provide direct financial support when taking a proactive stance to social responsibility?

8

In the context of management planning, _____ refers to very specific, short-term planning that applies tactical plans to daily, weekly, and monthly functions.

9

In a pure command economy, the goods and services that a country produces, the quantity in which they are produced, and the prices at which they are sold are all dictated by the interaction of demand and supply.

10

Cloud computing has many advantages over traditional computing. One of the primary advantages of cloud

11

The U.S. government imposes a tax on imported automobiles from Japan, Korea, Germany, and other foreign nations to increase government funds. This is best described as a(n)

12

One example of an economic community is the organization started by France, Germany, Belgium, Italy, the Netherlands, and Luxembourg. This organization is known as the

13

The _____ is essentially the world's largest computer network, linking hundreds of thousands of smaller networks and operating under a common set of rules for communication

14

The balance of trade includes the value of services as well as the value of goods

15

David owns 15 percent of the shares of common stock currently held in BIGD Analytics Co At the most recent meeting, the board of directors authorized the sale of 250,000 new shares of stock to raise funds. As an existing stockholder, David may have a _________ to buy up to 37,500 shares of the new stock before it is offered to the public

16

________ is an employee's reporting of corporate fraud or other illegal and unethical behavior

17

During the _____ stage of the product life cycle, sales peak, profits decline, and weaker competitors begin to drop out of the category.

18

Limited-function wholesalers that mainly serve small businesses by selling them a limited assortment of goods are known as

19

_____ bargaining is the process by which representatives of labor and management attempt to negotiate a mutually acceptable labor agreement

20

Cash-and-carry wholesalers are limited-function wholesalers that serve mostly smaller retailers with a limited assortment of products.

21

If the Sandals 'n' Sunglasses company wants to stimulate an immediate purchase of its products by offering a one-day sale or other special promotion, which of the following types of advertising would it MOST likely want to use?

22

Kyia works for Thielen Metals. Last month, she filed a complaint against her manager claiming he had violated the terms of the labor-management agreement. The case made its way from Kyia's shop steward through mediation. Unfortunately, management and union personnel were unable to come to an agreement. Which of the following would most likely occur next?

23

Nielsen randomly selects households to participate as panelists in an effort to understand consumers' shopping and media habits. Some "Nielsen families" have TV diaries to manually record their viewing habits, whereas others have meters that electronically gather viewing information. Which function of management information systems (MIS) does this illustrate?

24

Your Wish, Inc. Cindy worked for a retail company and noticed there were many things it could do better. She shared some of her ideas with upper management, but it did not want to do things differently. When Cindy went home to talk to her husband, they both realized that, given her passion, it would be better for Cindy to open her own business. After a lot of consideration, she decided to open a sporting goods store called Your Wish, Inc. She also knew just where to open the store⎯right next to her house. To be certain to address all aspects of the business, Cindy hired a marketing research firm to determine the best location. Once all the research was compiled and analyzed, she realized that it would actually be better to open the store in a different area. She also realized

25

When consumer loyalty reaches the point of brand insistence, the product becomes a specialty good.

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Quiz Mark 3- Business - Introduction To Business

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