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Business - Introduction To Business. Pace 2 Quiz

1
The categories of routine replies and positive messages include all of the following EXCEPT
2
Jerry and Jane want to start a clothing business. While Jane wants to invest in the company without the risk of unlimited liability, Jerry is more interested in the finances and wants to actively manage the store. Which form of business ownership would best suit the needs of Jerry and Jane?
3
Social programs and charitable donations made by businesses that have a tangible impact on people's lives are referred to as _________________________
4
China functions as a communistic economy and political system
5
________ is the management function that involves allocating resources, assigning tasks, and establishing procedures for accomplishing the organizational objectives.
6
Cloud computing encourages collaboration among employees and business partners
7
An organizational culture that requires all decisions to be purely economic allows unethical behavior to flourish and persist
8
________ laws limit what businesses can and cannot do to ensure that all competitors have an equal chance of succeeding
9
In a functional team-maintenance role, what do members use to offer verbal and nonverbal support to seek input from other team members?
10
Businesses with a formal code of ethics are less common now than in the past.
11
Beginning with the late 1980s the goal of information technology was to
12
Which of the following is a major type of foreign investment risk that is insurable through government-backed programs?
13
China exports electronics to countries all over the world. Suppose the value of the Chinese ​Yuan increases relative to other countries' currencies. What is the likely result?
14
AT&T charges different rates for long-distance service depending on time of day and distance of the call. This pricing method is called ____ pricing
15
Which of the following is NOT a key reason to motivate employees?
16
Star Treatment has a chain of luxury hotels and resorts across the globe. Life Vision is a pharmaceutical company known for its breakthrough life-saving drugs. How do the two businesses differ from each other?
17
Wally's Hardware store is located in a small town in the Midwest. This store would best be classified as a(n) _____
18
The types of organizations which can issue bonds are privately and publicly held corporations, exclusively.
19
Ownership of stock offers the possibility, but not the guarantee, of two types of financial returns:
20
A nation that imposes a fixed charge of $3 per barrel of oil imported into the country is relying on which instrument of trade?
21
Karl Marx was concerned by what he termed the "alienation of labor." Which of the following is one of the observations he made concerning alienation of labor:
22
You stumble across a sheet of paper with a sequence of number and letter pairs—for example, 1a, 2f, 3d, 4e, and so on. You don't know what the sequence means. You are looking at
23
Approximately what percentage of gross income is withheld?
24
What goods-producing operations method is designed around specific customer specifications?
25
The manager of a Burger King restaurant is an example of a(n) ____ manager.
26
When a downward swing or recession is over, the economy enters into a period of ________
27
Globotech, a global technology company, invests in firms operating in foreign countries. All of the following are risks associated with this practice EXCEPT
28
Which of the following statements about buying a franchise is most accurate?
29
Global trade with China is
30
Which of the following is NOT one of the four basic forms of business ownership?
31
Janet owns and operates her own bakery and coffee shop. Janet has no accounting training and has only three employees. How does she most likely handle the necessary accounting for her business?
32
Ian returned to his Moscow hotel only to discover that his wallet had been pickpocketed on the subway. It's been gone for hours. While he can replace the traveler's checks and credit cards, what is Ian most at risk of?
33
Describe the differences in distribution systems in various countries in terms of channel exclusivity.
34
An international organization that includes the United States and several other countries and whose goal is to reduce or eliminate tariffs and other barriers to world trade is commonly referred to as GATT.
35
A central characteristic of management by objectives is that
36
Short-term financing by which a firm buys a product, then receives a bill from the supplier, and pays it in 30 to 90 days, is
37
If all consumers involved cannot be identified, unclaimed refunds resulting from a class action suit may be given to public education programs
38
P purchases a $50,000 term life insurance policy in 2005. One of the questions on the application ask if P engages in scuba diving, to which P answers "No". The policy is then issued with no scuba exclusions. In 2010, P takes up scuba diving and dies in a scuba-related accident in 2011. What will the insurer pay to P's beneficiary?
39
The debt ceiling is the maximum amount Congress lets the government borrow
40
Al Ownsby, project manager at the Innovative Technologies Defense Company, is a man of few words. His idea of communication is to "give the recipients the basic idea, but spare them the details.". Ownsby's approach is sound because a basic rule of business communication is that being concise is better than being complete
41
Transparency allows two companies to work more efficiently together.
42
A company that has a global vision:
43
A group of carpenters who are members of the AFL-CIO join with their company's management for the purpose of redesigning the job duties of a certain class of carpenter. This collaboration is best described as a
44
Microsoft's OneDrive offers users a simple way to store, sync, and share all kinds of files with other people and devices on the web. This is an example of:
45
Frieda works at Zurisco Corp., a private company. She is eligible for the employee-contribution retirement plan. This plan is implemented through a payroll-deduction process. In this case, which of the following plans is offered to Frieda?
46
You are so thankful that your employer offers direct deposit for your paychecks. Every other Friday, your paycheck is deposited into your account, and it saves you from having to make a trip to the bank. This is an example of which innovation in banking?
47
_____ refer to noncash compensation, including programs such as health insurance, vacation, and childcare
48
Suppose the United States requires products sold in the United States be at least 51 percent made in the United States. Which of the following denotes this type of policy?
49
Venture capital firms invest in
50
Early outsourcing efforts were primarily confined to:
51
Since the approval of the North American Free Trade Agreement (NAFTA), the value of U.S. exports to Mexico and Canada has increased.
52
Wilma formed a ___ by temporarily bringing together knowledgeable employees from different parts of the organization to form a team to solve a specific problem
53
The process of spreading the cost of a fixed asset over the asset's useful life is called
54
Which of the following statements is true of a specialty store?
55
In production, scheduling refers to the efficient organization of equipment, facilities, labor, and materials
56
If newly privatized firms are protected from foreign competition by barriers to international trade and foreign direct investment, they continue to act like state monopolies
57
Does health insurance involve pure risk or speculative risk for the insurer? Explain
58
In the 1930s, countries were devaluing their currencies at will in order to boost exports, thus shattering confidence in the:
59
The CEO of Zebra Networking thinks that an advantage of the company's expansion into new markets is the additional profits due to economies of scale that the company will realize when selling to new markets
60
Explain the various ways in which supply chain management (SCM) can have a profound strategic impact on companies and the broader economy
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