Pre School Quiz 4-Business - Introduction To Business

1

Global Industries has just issued new appraisal forms to all managers. The company has requested that each subordinate be rated according to how closely the appraisal describes the employee. One statement reads, "This employee is never late for work." The employee would be given a rating of any number from 1 (strongly agree) to 5 (strongly disagree). Global Industries' new form is an example of

2

A microblog such as Twitter encourages spontaneous communication, so it isn't necessary to plan a message before posting it

3

When a manager responds to an ethical dilemma, she should consider laws, values, and

4

________ marketing involves developing a unique mix of goods and services for each individual customer.

5

Many US businesses, including Patagonia, a maker of outdoor apparel and equipment, belong to the "1% for the Planet" alliance, a program in which businesses donate 1 percent of their sales to the protection and restoration of the natural environment. This is an example of

6

Employee participation in decision making is frequently cited as a motivation-boosting technique.

7

All of the following are examples of Herzberg's hygiene factors except

8

How does the International Monetary Fund (IMF) provide loans to deficit-laden countries?

9

Which of the following is NOT a significant drawback of getting into business by entering into a franchise arrangement?

10

Which of the following best describes recent job growth in the service sector?

11

Lauren sells a line of cosmetics by attending parties at people's homes and demonstrating the products for the guests. This is

12

Jethro works in Texas, a right-to-work state. He took a new job at a unionized factory and was told he had to join the union within two months. Jethro refused. He said he cannot be forced to join a union in a right-to-work state. Jethro is correct

13

Using the term crippled in business communication is an example of

14

Organizational purchasing choices are different than consumer purchasing choices in that consumer choices ________

15

Which of the following is a difference between total quality management (TQM) and Six Sigma?

16

This year, International Accountants, Inc., implemented a new benefits system that gives employees the flexibility to choose among different benefit options, as long as the total cost of the benefits does not exceed a certain dollar amount. The type of benefits package offered to International Accountants employees is a(n)

17

What are everyday social interactions among employees that transcend formal jobs and job interrelationships called?

18

Robert is the director of a university-based group that provides individual counseling, specialized training, and research data to owners of small businesses. Robert's group is called a

19

An S corporation is taxed just like any other corporation.

20

Population trends that change the composition of consumer markets and the workforce are a part of a company's ________ environment

21

When editing for conciseness, which of the following should be eliminated?

22

Money supply refers specifically to the amount of paper bills and metal coins in our overall economy

23

The corporate certificate issued to an investor that has loaned money to the corporation or government is called a

24

If Procter & Gamble, a US leader in household products, and Reckitt Benckiser, a British leader in household products, form a partnership to develop and distribute a line of ecologically friendly laundry detergent, the partnership would be a(n):

25

________ refers to the use of random sampling and tools, such as control charts, to monitor the production process

26

The prices of unsought products vary wildly.

27

According to Herzberg, job-related factors that motivated workers to work harder and more productively had one thing in common:

28

A country's balance of trade is the total value of its imports less the total value of its exports

29

Maple Health Care, a chain of private hospitals and laboratories, finds it difficult to measure the productivity of its staff. Which of the following reasons can be attributed to this problem of service providers?

30

Institutional investors amass large pools of financial capital by accepting savings account deposits

31

Which of these life insurance riders allows the applicant to have excess coverage?

32

The production of a bridge, ship, or large airplane usually involves a variable-position facility layout.

33

Mc-King Chicken

34

The ________ insures individual bank accounts.

35

Compare and contrast surveys with interviews and focus groups

Answer: Surveys refer to data collection efforts that measure responses from a representative subset of a larger group of people. They can be conducted in person, over the phone, by mail or email, or online. Designing and conducting a meaningful survey requires thorough knowledge of statistical techniques, such as sampling, to ensure valid results that truly represent the larger group. For this reason, many of the simple surveys that you see online these days do not produce statistically valid results.
One-on-one or group discussions try to probe deeper into issues than a survey typically does. Focus groups involve a small number of people guided by a facilitator while being observed or recorded by researchers. Unlike surveys, interviews and focus groups are not designed to collect statistics that represent a larger group; their real value is in uncovering issues that might require further study.

36

If the United States has the ability to produce more steel than any other country in the world, the United States has a(n) ________ advantage in steel production

37

Define and explain ethics and social responsibility

38

As a form of training and development, Harry attended a gathering where he listened to a speech from someone who was twenty years his senior and had been in the business for forty years. Harry was engaged in what form of training and development?

39

When Pure Minerals promotes its facial wash and lotion to adolescents, it emphasizes acne control and clear skin. However, when it promotes its products to adults, it emphasizes wrinkle control and firm skin. This is an example of how

40

According to goal-setting theory, in order for goals to enhance motivation and performance they must be

41

For Minute Maid's new line of juice drinks to be successful, the company developed a promotion mix to reach a wide audience. The most effective promotion mix for reaching a wide audience would include _____ and _____

42

According to the Myers-Briggs framework, how do introverts recharge their energy levels?

43

Realizing that it was time to invest in an updated information system, the CEO made an announcement in his weekly email to his team: "We are going to shake things up around here. We need to break apart our information system, and start over." Unfortunately, the message translated poorly in the minds of employees. A total shake-up such as this could impact employee morale. Progressive companies today incorporate strategies that continuously embrace

44

During the revision stage of preparing your slide presentation, you should

45

An activity account may be the best alternative for someone who ________

46

When consumers calculate the value of a product, they

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Pre School Quiz 4-Business - Introduction To Business

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