Quiz Facts 2, Business - Introduction To Business

Small electronic parts have a high value-to-weight ratio, which means that they

Viktor is an accountant employed by a large corporation. He works for the billing and taxation department, preparing and analyzing the company's financial statements. He is most likely a(n) ________ accountant.

3

An economic system in which individuals and businesses make the decisions about what to produce and what to buy, and the market determines how much is sold and at what prices, is called a ____ economy.

4

Rivals rarely imitate what a firm does in an oligopoly.

5

Market coverage refers to ________

6

Which of the following is the BEST description of organizational stakeholders?

7

A country's rate of inflation affects the exchange rate of its currency on the international market.

8

While conducting a SWOT analysis, a Chipotle executive notes that avocado prices have increased by over 40%, which would be classified as a(n) ________. The same executive also suggests that Chipotle could experiment with edamole, which is guacamole made from shelled edamame. This is classified as a(n) _________ on the SWOT analysis

9

Nina was hooked up to electrodes that measured her brain activity and sensors that measured skin response when she was shown a series of ads by a company that makes e-book readers. Which of the following is true of Nina's experience?

10

What is quality?

11

Doubling the number of merchants participating in a sales program over the next 10 years is an example of a long-term goal

12

In 2002, the Code of Ethics established protections for whistleblowers, recordkeeping requirements for public companies, and penalties for noncompliance.

13

For which types of banks does the NCUA provide insurance coverage?

14

What is a defining characteristic of public corporations?

15

A company that matches investors and borrowers with loans between $2,000 and $35,000 are referred to as

16

Which is an example of earned media?

17

In the accounting department of a large corporation, Robin supervises several employees. She makes it a priority to give her subordinates direct and clear information about their job performance. Robin's efforts are likely to improve worker motivation.

18

Why is it said that not all the new jobs created by FDI represent net additions in employment?

19

BMW's acquisition of the British automaker Rover provides BMW with instant entry into the growing sport-utility vehicle market with the legendary Range Rover line. BMW's purchase is an attempt to widen its product mix

20

Internal recruitment is the process of seeking employees within the firm to fill open positions

21

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

22

What type of segmentation is more effective because of the greater number of variables and has consequently become the most common segmentation tool?

23

Knowing how to sort large amounts of information in order to find relevant facts to resolve a problem or issue is an example of:

24

Your work history includes a lengthy gap in employment. How can you handle this challenge when writing a résumé?

25

With the use of credit cards, _____.

26

New information and communication technologies have increased a state's ability to control access to uncensored information

27

Normally, the higher the risk associated with a bond issue, the higher the interest rate the organization must offer potential investors.

28

The purpose of ________ is to increase an employee's ability to perform productively.

29

Organizational layers, in the context of assigning responsibility in an organization, refer to the levels of

30

The country of Malyia can produce sugar more efficiently than it can produce other items, giving it ________ advantage.

31

Offering attractive discounts to some customers but not others is the prohibited behavior of ________

32

Skyway Aeronautics was recently awarded a contract to build a large lab module that will be attached to a new space station. The module is approximately 48 feet long, 17 feet in diameter, and weighs over 60 tons. Skyway should use an assembly-line plant layout to produce this module.

33

Why are not-for-profit organizations different from most businesses? Are there any similarities between a goods-producing business and a not-for-profit organization?

34

You have been charged with finding out whether your company has violated the concept of comparable worth. After gathering all the facts, you find the company guilty because

35

Ashton is working on a project at PowerTek Inc, a well-known multinational corporation. He is using capital budgeting to estimate the project's future cash flows. He finds that the present value of the estimated future cash flows is greater than the cost of the project. How likely is he to gain approval from the board?

36

Liquidity is the speed at which assets can be turned into ________

37

Which of the following is the most costly form of foreign direct investment?

38

According to John Stuart Mill, the capitalist, by providing workers with advance payment for their labor, is entitled to keep all they produce

39

In the time management matrix, activities in quadrant 1 are not important and not urgent

40

_____ are companies that invest in start-up businesses with high growth potential in exchange for an ownership stake

41

When a new company goes public and sells stock for the first time, it is called

42

A _____ maintains limited liability but offers more flexibility in terms of tax treatment than a corporation

43

When people conduct business in a country other than their own, they must observe the laws of the host country as well as the laws of their own nation

44

Which stage of the interview is considered to be the most important?

45

Post Oak Mall contains two department stores, numerous specialty stores, a movies theater, and various restaurants. Since it does not contain any convenience stores, Post Oak Mall is an example of a(n) _____ shopping center

46

When a community gives Walmart subsidies to attract them to the area and then the workers are paid so poorly that they have to apply for public assistance, this is an example of the failure of which of the pillars of corporate social responsibility?

47

What is upward communication?

48

Logistics is concerned

49

A company that pays a fee for usage rather than owning a particular asset is engaged in

50

"Why do you want to buy the business," of one of the four important areas to investigate in the due diligence process?

51

After reviewing a report showing that one of the company's competitors recently increased its market share by 10 percent, the president called a meeting and asked the marketers, "Is there anything we can do about this?" The marketers responded, "We can modify our marketing mix, but we cannot

52

Armor Solutions Inc. is a manufacturer of external hard drives. All hard drives sold under the brand name Armor are identical to each other and are of the same quality. This is an example of

53

Leverage refers to the use of borrowed funds to increase a firm's rate of return.

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Quiz Facts 2, Business - Introduction To Business

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