Quiz a lot 10- Business - Introduction To Business

1

David is a manager at an engineering firm. He recently sent an email to Michelle, a member of his team, to provide feedback on problems with the work that she had contributed to the team

Although innovations such as email have made it easier to communicate with colleagues, some uses of technology in the workplace have brought about difficult changes. The increasing reliance on email can contribute to a breakdown in communication as fewer personal exchanges take place. Communication experts agree that in face-to-face discussions, up to 93 percent of the meaning of the messages exchanged is communicated in nonverbal ways–through gestures, glances, body position, and facial expression. Because email lacks that information, it opened the door for Michelle to misinterpret David's meaning and intent. Since performance feedback can always cause defensive reactions, David would have been wiser to provide feedback face-to-face, when all communication channels–nonverbal and verbal–could be used to foster a clear and productive discussion with Michelle.

2

Owen is a barista at a coffee shop. His manager has noticed that he has been showing up late for work, getting coffee orders wrong, and been rude to customers. What should his manager do to help Owen improve his work?

3

Two product features impact location decisions. Which of the two reduces the need for local responsiveness?

4

Members of cultural groups always share their cultures willingly with outsiders

5

A manager who coordinates the activities of operating employees is a(n) ____ manager

6

The Federal Reserve System was designed to prevent a repeat of the 1907 banking crisis.

7

An Internet distributor of office supplies has a system of bidding and awarding contracts online for customer purchases. This is most likely a ____ model.

8

During which step of the writing process should you define the main idea and limit the scope of the message?

9

New Beginnings Spa has introduced its own original organic skin care line. The company is donating a percentage of its profits to the National Breast Cancer Foundation, Inc The marketing goal achieved by this strategy is ________

10

What type of life insurance gives the greatest amount of coverage for a limited period of time?

11

If a country is experiencing a surge of electronic imports from a trading partner, it might ask that country to set a limit on how much can be exported. This limit is known as a

12

Only 20 percent of small businesses survive after five years of operation

13

If you encounter a hostile questioner while giving a presentation, you should avoid:

14

Steven wants to buy ten acres of land and start an organic farm near his home. He does not think that he has time to write a business plan. Describe three potential consequences of NOT writing a business plan

15

________ leaders act as advisors and supporters and generally let subordinates chart and adjust their own course toward meeting agreed-upon goals and objectives

16

Which feature of an economic union differentiates it from a common market?

17

Jiao has recently gotten engaged. She wants to buy a wedding dress designed by Pnina Tornai. As an avid viewer of Say Yes to the Dress, she knows that Kleinfeld Bridal has the largest selection of dresses by this designer. Even though she lives in Colorado, she makes the arrangements to travel to New York to buy her dress at Kleinfeld. In this scenario, the wedding dress is ________ product.

18

The most effective sales promotion programs target customers, rather than employees and marketing intermediaries.

19

Equity capital comes from the owners of a business

20

When compared to a business-to-business market, which statement about the consumer market is FALSE?

21

Which of the following is NOT one of the main instruments of trade policy?

22

Which of the following statements follows the recommended guidelines for picking the right words for business communication?

23

Angelica owns a small hair salon. When a chain hair salon opened across the street from her business, Angelica lowered her prices and added more specialty services, like manicures and facials. Her ability to make these decisions on the spot without anyone else's approval gave her a

24

Melissa Aboud was abruptly laid off from her dream job after less than a year. Determined to follow her heart and concerned about putting food on the table for herself and her three children, she started Sweet Dreams, an online wholesale candy company. During this transition, working hard to get her company up and running, Aboud often finds herself making decisions based on unclear or incomplete information, trying things she had never done before, and exposing herself to financial debt for the sake of her new business venture. Aboud is displaying which of the four characteristics of the entrepreneur?

25

Which of the following is an important tool in projecting confidence during a presentation?

26

Which of the following is true of Theodore Levitt's arguments concerning the globalization of world markets?

27

Dell Computer's initial decision to start selling LCD wide-screen TVs is an example of _______.

28

The results of an employee satisfaction survey at The Cline Company show that employees are generally dissatisfied. If managers at The Cline Company wanted to increase employee satisfaction, which of the following would be effective in doing so?

29

First State Bank has $50 million in deposits, and the reserve requirement is 10%. How much can it lend?

30

Mike has an annual income of $1 million. Fernanda has an annual income of $100,000. Their buying behaviors differ because of their ability to buy, called their ___, which is largely determined by income.

31

Companies benefit today from interfirm cooperation. One of the ways they cooperate is through networking. Another way is by seeking technological knowledge and new processes from exemplary firms sometimes outside their own industries. This is called

32

Supporters of right-to-work laws argue that:

33

To close a sole proprietorship, the owner must

34

Which of the following is NOT a legally defensible reason for terminating an employee?

35

A question to ask when making a decision based on individual ethical beliefs is, "Could you defend your decision on

36

When Bonanza Bakery reached an agreement with Candy Conniption to include the candy in one of its ready-to-bake cookie dough products, the two companies were using a strategy known as cobranding

37

What is an argument that supports social responsibility?

38

Among St. Thomas Aquinas' ‘nine justifications for profit' as expressed in the "Summa Theologica" are:

39

The cost of doing business is most likely to be the lowest in:

40

Effective paragraphs are both ________ (focused on a single idea) and ________ (organized logically)

41

A business plan is a document that outlines your proposed company's goals, your planned methods for achieving those goals, and your

42

A sequence of organizations that directs a product from the producer to the ultimate user is called a(n):

43

If you are a people-pleaser, but you try communicating by allowing the other person to talk, focusing on his or her needs, and being appreciative of that person's strengths and contributions, you are flexing toward a ________

44

While the product life cycle is a good theory, it's not important for marketers to recognize what life cycle stage a product is in.

45

Foreign _____ involves a firm buying the rights to produce, promote, and use the domestic firm's trademark/patents in a defined geographical area as long as there is an agreement on specific operating procedures

46

Herzberg's research found that improvements in the work environment were a more effective way to motivate employees than improvements in job content.

47

When must insurable interest be present in order for a life insurance policy to be valid? When the insured dies Within the incontestability period At the time of application Before the insured dies

48

All of the following entries are classified under the four principal areas of Florida insurance law EXCEPT

49

Aubrey works on the assembly line at MC Widget Company. She receives one dollar for each widget she produces. Which of the following best describes the compensation plan MC Widget uses for Aubrey?

50

Expanded computer use in business has resulted in displaced workers

51

Carol is an accountant who completed course work beyond a basic four- or five-year college accounting degree. Which of the following is something Carol's additional training allows her to do?

52

Marge designs an innovative and fashionable laptop bag, but feels she lacks experience to turn her creation into a viable business. Marge's BEST option is to ________

53

Market penetration differs from diversification in that market penetration ________

54

In the context of financial securities,certificates of deposit:

55

A ________ is two firms combining to form one company.

56

Which of the following is most like a radio show that could be distributed through the Web?

57

Which of the following is a difference between the Troubled Assets Relief Program (TARP) and the American Recovery and Reinvestment Act?

58

Which of the following explains why the terms current and short term are used interchangeably when discussing assets and liabilities?

59

Which of the following is the name for the overall flow of money into or out of a country?

Find your answers, solutions and more...

We made it much easier for you to find exactly what you're looking for on Sciemce. Enjoy our search engine "Clutch."

Save a GPA. Donate your notes with us.

Quiz a lot 10- Business - Introduction To Business

Recent Packs