Business - Introduction To Business

As a stockholder in the Great Plants Company, you have the right to vote on all of the following issues except

The head of the marketing department at CBS Environmental, Inc. supervises twelve people in her department. This represents her

3

What is the term for something that is produced by the mind, such as a new invention, that has commercial value?

4

Levi is the owner of Moving On, LLC. He is designing a modern factory that utilizes a computer system to automatically modify the assembly line to switch between different products. This best describes a(n) ________ system?

5

Nordstrom sells designer suits made in Italy in its stores in the United States. Nordstrom is ____ suits

6

Which of the following companies was prevented by the FTC from pushing an unwanted associated product onto a dealer?

7

Which of the following statements is the most accurate observation regarding multinational corporations?

8

A(n) ________ underwrites new issues of securities for corporations, states, and municipalities needed to raise money in the capital markets.

9

In the context of the relationship era, leading-edge firms believe that:

10

The following are all functions of a chief information officer (CIO) EXCEPT ________

11

List at least three areas of nonverbal communication that can differ widely among cultures

12

Compare and contrast transportation through air with transportation via water. What is intermodal transportation?

Answer: Air transport offers the primary advantage of speed over long distances, but it imposes limitations on the size, shape, and weight of shipments. It also tends to be the most expensive form of transportation; however, when speed is a priority, air is usually the only way to go. The cheapest method of transportation is via water, and this is the preferred method for such low-cost bulk items as oil, coal, ore, cotton, and lumber. Water transport is slow, however, and like rail, must be combined with another mode of delivery for most shipments. Intermodal transportation refers to the coordinated use of multiple modes of transportation, particularly with containers that can be shipped by truck, rail, and sea. Shippers can combine the benefits of multiple modes by using intermodal transportation. With containerized shipping, for instance, standard-size freight containers can be moved from trucks to railroads to ships for maximum flexibility.

13

Yelena just completed her income statement. She included her company's sales revenue, operating expenses, and net income. Which of the four principle parts of an income statement did Yelena forget to include?

14

A process layout is used when all products undergo the same operations in the same sequence

15

Manuel owns and operates a tow truck company by himself. His busiest times are usually holidays and long weekends, when lots of people are traveling and lots of cars are on the road

16

Flaira, a high-end clothing brand in Florida, signs a licensing agreement with a firm in Honolulu to allow the latter to use Flaira's brand name, trademark, and business methods to operate the same clothing business in Honolulu. In exchange, the Honolulu firm has to pay the owner of Flaira an annual fee. This scenario is an example of a(n) _____.

17

A system in which all currencies were pegged at a fixed rate to the US dollar.

18

The major responsibilities of financial accounting is the preparation of the:

19

Computers can be classified into several types. What three types are primarily limited to business use?

20

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

Answer: C
Explanation: C) Weinstock says that Legal Division managers can't supervise more employees because the managers need to be up-to-date on a wide variety of subject areas. But if Choice C were true, then the managers could focus on a single subject area, which undercuts Weinstock's justification for keeping their span of control lower. Choice A is irrelevant because the issue at hand is personnel, not office supplies. Choice B strengthens Weinstock's argument by making the manager's job sound hard enough as it is. Choice D, if anything, strengthens Weinstock's position by making it sound harder to get rid of those well-paid managers. Choice E basically says that the Legal Division doesn't have more supervised employees than everyone else combined, but that doesn't tell us whether the managers have too many employees each. There is no necessary relationship between the size of a department and the span of control in that department.

21

The events which led to the collapse of the tulip bubble in 17th Century Holland were fundamentally the same as the events which led to the recent dramatic decline in real estate values in parts of the United States

22

You have found that the collaboration you have with your cross-functional team at work often leads to faster and more thorough results compared to when you're working alone. This is an example of how teams:

23

Mary Kay owns a nursery. The trucks, handcarts, and forklift she purchased for the business are called ________ investments.

24

Illegally copying software is what type of computer crime?

25

A group of design engineers for Ford Motor Company spends two months of summer in the Arizona desert researching fuel performance at extreme temperatures. Ford uses the results of these tests to improve the quality of its automobiles. The group of engineers is engaging in

26

The goal of an intrapreneur is to

27

If you are willing to hold on to your growth stock long enough, at least five years or more, you will realize capital gains.

28

One of the major types of financial statement is a liability report

29

A quota is a total restriction on an import or export

30

Some people question the usefulness of Frederick Taylor's principles of scientific management in today's service-dominated economy. For which economic settings were Taylor's principles originally intended?

31

How the price of homes affects the number of homes built and sold would be an economic issue studied in a Macroeconomics course

32

By establishing Ronald McDonald Houses, temporary lodging for individuals with seriously ill family members, McDonald's has committed itself to more than just shareholder wealth maximization. The corporation's active role in improving societal conditions suggests that it is responsive to which of the following arguments?

33

Andrea purchases a Blu-ray player at a store that sells refurbished merchandise. The store has a big sign stating "Caveat Emptor" posted out front and at the cash register. This sign most likely translates to a policy of

34

A limited-liability company is taxed like a corporation

35

________ people are affected by international business

36

What six stages should you go through in preparing an effective outline for a presentation?

37

Distribution channels for consumer products and business products are the same.

38

Which of the following terms best represents the norms and value systems that are shared among the employees of an organization?

39

Tania, a management accountant in a cosmetics company, is askedby her manager to calculate the profit or loss earned by the company in a given time period. To get the required data, Tania is most likely to:

40

A debt certificate issued by a multinational company is called a:

41

Natalie is a professional baker who dreams of owning her own cake business. She does not have any ideas or concepts for starting a cake shop, but her wealthy uncle is ready to fund her initial capital. Natalie's risk appetite is low and she wants to run a business that has less than 10 percent chances of first-year failure. Which of the following could be the best solution for Natalie to pursue her dream of owning a cake shop?

42

What advantages do smaller companies have over larger competitors when it comes to the distribution aspect of the marketing mix?

43

Garrett works in a country where the government does not set quotas or duties on what its citizens can buy from another country, or what they can produce and sell to another country. In other words, Garrett's country practices

44

________ products are those that are purchased frequently and easily.

45

Which form of oral communication is expensive, time consuming, and mostly one-way?

46

In order to enter the Spanish market, a Moroccan firm establishes a store that is entirely owned by the Moroccan firm. This is an example of a(n) ________

47

At Anthropologie, managerial approval is required whenever an employee makes a purchase at the store using an employee discount. Which factor affecting ethical behavior is Anthropologie seeking to control?