Quiz Preview 3' Business - Introduction To Business

1

Before the 1930s, the average work week prescribed by law was forty hours; however, workers were dissatisfied because there was no minimum wage

2

The promise of capitalism is that people can always work their way up from poverty to a more comfortable life.

3

There are seven stages in the evolution of a new product. The stage in which an idea is determined to be technically feasible is

4

Approximately what percentage of the adult US population uses the Internet?

5

Which cybercriminal activity refers to the act of luring Internet users to bogus Web sites?

6

Which of the following statements BEST describes the assumptions made by researchers of the behavioral approach to leadership?

7

Recently, Christian Igor announced that it will donate a portion of each sale of Ivan, an endorsed perfume, to breast

8

Which of the following should be done to project the company's image in your communications?

9

Focus groups and mail-in questionnaires are examples of:

10

When Confucius said that, "The gentleman calls attention to the good points in others; he does not call attention to their defects. The small man does just the reverse of this," we are reminded of the story of:

11

North Farm Society is an association of farmers from rural communities. Its agenda is not to make profits but to help its members market their produce and purchase large quantities of fertilizer, seeds, and other supplies at discounted prices. Thus, North Farm Society is an example of

12

Devin is a supervisor at FKM Enterprises. He is a believer in the Hawthorne Effect. How could he best utilize his knowledge of this theory to motivate his employees?

13

Melvin's fishing store has profit as an objective. As a result, he wants to have

14

_____ are accountable for 97.5 percent of all identified exporters and produce 31 percent of export value in the United States

15

During a period of grave financial crisis in the United States, Congress is pressurized to raise the limit on the maximum amount of money the government can borrow. Congress increases the limit on the condition that it will implement sharp tax hikes and across-the-board spending cuts to compensate for the raise and to ensure that the overall budget deficit decreases. In this scenario, the measures implemented by Congress will most likely create:

16

Which of the following can be used to help the reader transition from one key idea to the next?

17

Sarah tells Jake that she is thinking about buying a car. Jake replies that he would like to sell Sarah one of his cars in a few weeks for a really good price. Jake has made:

18

Advertising differs from direct marketing in that advertising ________

19

How can a local content law in Japan act as a barrier to a U.S.-based automobile manufacturing company that is interested in setting up a branch office in Tokyo?

20

Which of the following statements is true of activity-based costing?

21

the time, effort, skills, education, experience, and so on that we contribute to the organization

22

The most comprehensive source of information on export opportunities for U.S. firms is the:

23

What is the chief purpose of the process known as financial control?

24

ISO 14000 is a new computer training program designed to instruct operations managers on how to face different environmental challenges

25

What is an important attribute for a product development team to function effectively and meet all of its development milestones?

26

A company might not want to consider ________ as a means of entry into a foreign market because it is generally the most costly method from a capital investment standpoint.

27

At this time, the largest labor organization in the United States is the

28

Target marketing requires dividing a market into categories of customer types or segments

29

All of the following are reasons that performance measures, such as averages and indexes, are important EXCEPT

30

According to the Small Business Administration, poor management is the cause of the majority of small business failures.

31

What are the functions of human resource management (HRM)?

32

If employees are attempting to unionize, the manager can:

33

Stockholders in a corporation entrust control over the company's daily operations to managers selected by the board of directors to run the company.

34

A service, quality sometimes cannot be judged until after the service has been performed, creating a variable in ________

35

A company that does not act responsibly toward its customers may lose their trust and ultimately their business

36

Leading-edge companies have focused on customer satisfaction, with a goal todevelop long-term, mutually beneficial relationships with customers. Which of the following dimensions of a business environment does this illustrate?

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Quiz Preview 3' Business - Introduction To Business

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