Business - Introduction To Business" QuizDoc 5

The labor, energy, land, and capital a country relies on to source goods and services are known as

Efficiency focuses on the means of achieving goals, whereas effectiveness focuses on the results themselves

A marketing plan specifies an organization's resources, objectives, marketing strategy, and implementation and control efforts to be used in marketing a specific product or product group.

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____ is (are) short-term promissory notes with no collateral that are issued by large corporations.

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The oldest and largest of all financial institutions are

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According to path-goal theory, what do leaders need to do to motivate their employees?

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Once you have set up a budget and handled your ordinary expenses, the first thing to do with any extra money you have is to

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A person's willingness to communicate is an important dimension in others-orientation, which was identified by Mendenhall and Oddou as a factor that predicts success in a foreign posting.

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From a financial perspective, when is the best time to buy a house?

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When smart investors take a practical approach to evaluating a company's accounting information, they need only look at the snapshot data that a balance sheet offers as it will be the primary tool to guide potentially profitable investments.

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Since its establishment in January 1, 1999, the euro has steadily appreciated against the U.S. dollar, reaffirming the ability of the European Central Bank to manage monetary policy within the euro zone

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A surface chart is

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Lauracita Jewels are premium priced because the company wants to project an image of exclusivity, quality and status. Its advertising states, "Not the least expensive-simply the best." Which pricing objective does the company pursue?

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Discuss the advantages of using email as a primary medium of communication

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Which of the following is a requirement for an S-corporation?

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Genetech, a biotechnology firm engaging in the new field of genetic engineering, has asked your advice about remaining independent and temporarily gaining access to the marketing and manufacturing expertise it lacks from another firm. You would suggest

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A firm would use data mining if it wanted to

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Part of the control process is to measure performance. What are the three sources for doing this?

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Which of the following is a brief overview of a report's most important points?

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A(n) ________ entrepreneur is suddenly without income and trying to earn it back by starting a business, while a(n) ________ entrepreneur is ambitious and trying to pursue big profits with a new business.

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In the context of the various strategies that can help a small business owner succeed, a_____provides an invaluable way to keep an entrepreneur and his or her team focused on success; it is also absolutely crucial for obtaining outside funding.

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A key advantage of the Internet is that it allows the customer to interact with the firm through e-business activities

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Merchant wholesalers that sell products to organizational customers for internal operations or the production of other goods, rather than to retailers for resale, are called ________

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The marketing concept changed the focus from finding the right customer for a product to producing the right product for a customer and doing it better than the competition by specifically focusing on all of the following EXCEPT ________

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A name, term, symbol, design, or any combination of these that identifies a product and distinguishes it from a competitor's product is called packaging.

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In a service industry such as a package carrier, the ____ of the conversion process is usually small or none at all.

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In the box "World Population is Popping," the textbook describes how the world's population is growing at an incredible rate and discusses the challenges that will face different countries. Which of the following statements best illustrates the challenges that can arise?

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According to ________, how much people are willing to contribute to an organization depends on their assessment of the fairness of the rewards they will receive in exchange.

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Malcolm works as the campaign manager for a candidate for the U.S. Senate. He needs to learn as much as possible about the candidate's potential voters. With the information he digs up, he hopes to focus the campaign on the issues most important to voters. What does this best represent?

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One benefit of the Baldrige National Quality Program is that all participants receive between $1,000 and $6,000 to implement a company wide program to minimize harm to the environment

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Public utilities, like electricity and water, are examples of quasi-public corporations.

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Theory Y is most suitable in a work situation in which workers are

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When giving a presentation, simple fonts and light backgrounds with darker text work best

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If the United States exports $100 worth of diamonds to the Kingdom of Mocha and imports $80 worth of bows and arrows, it has a(n)

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The ability to write and speak effectively within an organization is an example of interpersonal skills

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In communicating effective feedback, it is important to balance constructive criticism with positive feedback and to focus criticism on the person, not the behavior

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The coordination of benefits (COB) provision exists in order to

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A(n) ________ is a short, specific written declaration of the reason a business exists and what it wants to achieve

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The Making Ethical Decisions box "Should You Stay or Should You Go?" addresses a dilemma worthy of consideration. It describes

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The various value creation activities that a firm undertakes are referred to as operations

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In addition to cost, how are industrial products divided into product categories?

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The most significant difference between the consumer buyer and the business buyer is that the:

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When a seller allows a buyer 30 to 60 days to pay for a purchase, the sales arrangement is called:

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As a global ________, worker, and consumer, international business activities make it necessary for you to have an increased awareness of the world

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Del Monte, a producer of canned vegetables, fruit, and tomato products, wants to ship its products internationally, using the most cost-effective transportation method. Because its products are canned, speed is not a factor. Which method of transportation would be most suitable for Del Monte?

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When Selena started her all-natural homemade soaps business, she made and sold the soaps from her garage. Her father gave her startup money to pay for ingredients and packaging materials, which made him a silent partner

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A share of stock represents a company-issued IOU including a promise to repay on a certain date.

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A government policy aimed at reducing the purchase of a specific good through increased taxes has been most often applied to

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Which is an example of finished-goods inventory for an apparel company?

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Which of the following BEST enables all companies, regardless of size, to compete in the global market?

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Business - Introduction To Business" QuizDoc 5

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