Business - Introduction To Business, Helping Quiz 7

1

Your big-screen HDTV would be listed as an asset on your personal balance sheet. However, the loan you took out to buy the TV would be listed as a personal liability.

2

Which of the following is not an example of hardware?

3

________ plans, a type of plan for meeting objectives, establish the long-range objectives and the overall course of action by which a firm fulfills its mission.

4

Dynamically continuous innovations are characterized by marked changes to existing products.

5

A sole proprietor has limited liability in meeting the debts of his or her business.

6

Deflation, an indication that the economy is contracting, is characterized by price stabilization of goods

7

Ahnalee is a recent retiree and is going to be collecting retirement benefits through the United States government. Which of the following laws established the system responsible for her benefits?

8

Reserve requirement is a rule of the Fed which requires that all of its member banks hold funds which are more than the stated percentage of the deposits held by their customers.

9

Which management level most needs conceptual skills?

10

Bankruptcy is defined as the legal means of relief for debtors who are

11

The second stage of team development, in which teams begin to develop concrete goals, is called

12

Huge factories replaced skilled artisan workshops during the _____

13

Which of the following might you, as a manager, expect to see in an employee who has a low degree of conscientiousness?

14

Social responsibility and ethics are essentially the same thing.

15

In the early days of franchise agreements, franchising was used primarily for automobile dealerships and

16

A key technique for increasing employee motivation is

17

One potential drawback of focusing immediately on conclusions in a report is that you may

18

The characteristics of a product that a marketer offers are known as _____.

19

The study of economics focuses on how people, businesses, and governments choose to allocate resources

20

Marianne is the payroll manager at Johnson Manufacturing. She wants to upgrade the department's accounting systems. To whom should she send her request for an upgrade?

21

According to the global social responsibility pyramid, a company's first duty is to be

22

Departmentalization creates an environment in which people are trained in a variety of managerial responsibilities.

23

___ adds extra value to a product or increases the customer's incentive to buy the product

24

Sales promotions are long-term activities that target consumers and other businesses for the purpose of generating interest in a product

25

Business communicators can use ________ to extract broad meaning from giant masses of data or to put data into context

26

The potential for loss associated with fluctuations in the foreign exchange market.

27

If you receiveunwanted questions in the middle of your presentation,you should remind the questioner that there will be time for questions at the end.

28

The first step in the planning process is determining goals. What is the next step?

29

Corporations receive needed funds when they sell a new issuance of a security in the primary market.

30

M completes an application for life insurance but does not pay the initial premium. All of these actions must occur before M's policy goes into effect EXCEPT

31

Anthony chooses to work only thirty hours a week as an engineering assistant while trying to shield himself from additional responsibilities at work. Anthony seems to value

32

In the context of the barriers to international trade, the term _____ refers to a country's physical facilities that support economic activity.

33

You should always include your college GPA on your résumé

34

Selecting locations that make for environmentally advantageous operations contributes to which aspect of the triple bottom line?

35

After losing her manufacturing job in the U.S. automobile industry, Cho has found that well-paid service-sector jobs require retraining and further education.

36

Which selection technique is MOST likely to introduce bias?

37

A study of what employees do in a particular job is called a(n):

38

Missy buys a house with three acres and a barn. In this case, the house, acreage, and barn are considered to be ________ property.

39

What factor has challenged the banking industry and forced it to undergo changes?

40

Which of the following businesses would be characterized as online-only retailing?

41

As substitutes for bank loans, ________ consists of unsecured, short-term promissory notes over $100,000 issued by large banks, corporations, insurance companies, pension funds, public utilities, and state and local governments.

42

Discuss the role of packaging in a firm's total product offer.

Packaging performs several important functions in the marketing process. In many cases an innovative package design has literally made the product more useful and opened up large new markets for the good. The text cites several examples, such as the Morton Salt package that prevented salt from sticking together in humid weather. Packaging can also make the product more attractive to retailers by making it easier to store and display, or easier to track inventory.

Packaging performs several important functions as required by the Fair Packaging and Labeling Act. It protects the contents during shipping, handling, and storage. It also attracts consumer attention, describes the contents inside and gives information about the contents, provides details about product benefits, and may also describe the warranty, provide directions for use, and indicate price, value, and usage.

The role of packaging in attracting attention and providing information to customers has been growing in importance as goods that were once sold by salespersons are now being sold more often in self-service outlets.

43

What critical step is missing from these instructions?

44

A partnership is a company that is owned by two or more people but is not a corporation

45

Intrapreneurship refers to ________

46

Bernard is concerned about his current financial condition. In order to handle his finances better, he should:

47

In the accounting equation, assets are equal to liabilities minus the owners' equity.

48

Which country's laws regarding property and ownership rights have been influenced by John Locke's views?

49

Bonnie runs a house cleaning service. Although she and her employees could service 12 households in one day, they average eight homes per day. Bonnie recently restructured her crew and provided each housekeeper with an incentive to acquire two new customers each month through customer referrals. As a recent business graduate, you would tell her she's probably on the right track.

50

Rosalyn owns stock in Parts, Parts, and More, Inc and has just received the company's annual report. If she wants to see the total value of Parts, Parts, and More's assets, she should look at the company's balance sheet

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Business - Introduction To Business, Helping Quiz 7

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