Business - Introduction To Business, Pre Quiz 7

Horizontal analysis is the comparison of:

Flickczar, a film production company in the United States, sells the distribution rights of a film to its distributors in underserved areas at rock-bottom prices, while it sells the rights of the same film to distributors in other areas at normal prices. In the context of business behavior, Flickczar's business practice is _____.

3

The end goal of financial management is

4

Joylen recently started working at a major urban university. One of the first things her supervisor provided her with was a large white notebook that contained rules and regulations on just about every aspect of the university's business. As a recent business graduate, Joylen realized that the university operated in a(n) ___________ environment.

5

The reason a professional such as a lawyer or doctor would incorporate his/her business is

6

What do businesses use to identify, record, and retain financial information, and includes the people, reports, procedures and other resources needed to compile transactions?

7

Which of the following buys products in foreign markets and then sells them for resale in its home country?

8

Which of the following statements is true of online retailing?

9

The investor will receive the face value of the bond on the ________ date.

10

A certain amount of friction is involved when resources are required to move from one economic activity to another

11

Under mercantilism, the basic economic idea was to achieve a favorable balance of trade.

12

When making a purchase decision, decisions that include logical evaluation, cost, and quality are what type of decisions?

13

During an annual performance appraisal a cook i s very surprised at the number of work related problems that the manager identified. She has never had a poor evaluation before. What is the most likely cause?

14

Discuss arbitration as a method of settling labor disputes.

15

Marketing managers at Hasbro estimate that they will be able to sell 250,000 units of their Trivial Pursuit board game in the upcoming year if the price is kept the same. In this situation, 250,000 is the ____ for Trivial Pursuit games

16

Precedents, the decisions judges made in past court cases that become guides to handling new cases, apply only to international law

17

What type of insurance company is domiciled in England, but conducts business in Florida?

18

Hilde's company wants to develop an understanding of the demographics of people purchasing its new product. The company wants to target its marketing at this demographic of people. The marketing department has used a database management system to identify the characteristics of buyers. Which of the following will be MOST useful for identifying the appropriate demographic group at which to target marketing?

19

The product _____ is a theoretical model that includes the stages of introduction, growth, maturity, and decline

20

Discuss the types of grapevines within an organization and how accurate the grapevine can be

21

At the beginning of the Great Recession, the U.S. automobile industry was in serious trouble. Automakers closed plants and laid off thousands of workers. What law required them to inform employees of planned layoffs and plant closings?

22

Which of the following statements is true of a business plan?

23

The term _____ refers to the use of debt to meet a firm's funding needs.

24

Wholesalers are independently owned businesses that do not take ownership (title) of the products they handle

25

_____ are short-term IOUs issued by the U.S. government that typically mature in 4, 13, or 26 weeks

26

Another name for sin tax is excise tax.

27

Limited-service wholesalers usually operate at a higher cost than industrial distributors because they deal directly with retailers

28

________ are the firm's after tax profits that are distributed to stockholders.

29

What do both sole proprietorships and partnerships lack?

30

Which of the following statements is true of Geert Hofstede's work on cultural dimensions?

31

Many small firms seek to establish a particular niche in the market, realizing that they cannot afford to operate on a larger scale without exposing themselves to considerable risk of retaliation from larger companies. When a number of small businesses are operating in this manner, they are forcing the larger businesses to recognize and account for their influence on the market. In this way,

32

If the Korean government charged tariffs on Japanese automobiles and in turn the Japanese government put tariffs on Korean automobiles, Japan's major rationale for imposing these tariffs would be to

33

Risk is uncertainty about the chance of loss or the amount of possible loss

34

Signature Fixture

35

Offering cash discounts to customers who pay their bills by a certain date represents an effective technique to manage accounts receivable.

36

Orientation is the human resources function that

37

Lenders use the three Cs of credit to ________

38

Matthew Nguyen, an editor, believes that publishing a reporter's unverified news story based on mere gossip might ruin a man's career, so he decides not to use the story. His decision is based on

39

Tyler is excited because the software company he and his college roommate started is going to "go public." This means that:

40

The Barkatorium Pet Supplies accountant has recorded the following: Total current assets = $60,000, including Cash = $24,000; Accounts Receivable = $20,000; and Inventory = $16,000. Total assets = $230,000; Total current liabilities = $48,000; and Total current and long-term liabilities = $98,000. The store's current ratio = 1.25. The store's acid-test ratio = .92

41

Which of Collins's five stages of organizational decline is described this way: "We need a magic-bullet solution to keep us going"?

42

The four factors of production come free of charge

43

Mutual Bank is unable to meet the Federal Reserve Board's reserve requirements, so it must take out a loan from the Fed. In this scenario, Mutual Bank is said to have borrowed at the

44

The loans themselves are not transferred when a credit default swap is performed

45

Which of the following is a drawback of the purchasing power parity theory?

46

What is the name of the concept that expanded the role of business in protecting and enhancing the general welfare of society?

47

Jamerson, Inc. (JI) Jamerson Inc. (JI) is a relatively new company that wants to improve its employee rewards, compensation, and benefits. The company understands that there are effective reward systems that will motivate employees. However, JI management is not sure which would be the best for the company. Compensation, another important area, must also be improved so that it will satisfy all employees effectively. In addition, the company wants to create benefits to keep the employees not just satisfied, but also motivated. Yet another pressing issue is deciding on the training methods that are to be used to successfully teach the new employees. JI believes that it will be on the right path if all of these changes can be successfully accomplished. The company plans to

48

How can conflict be beneficial to a team's development?

49

A synthetic process combines raw materials or components to create a finished product

50

If All-City Sports is being charged a higher price for the baseball, softball, and soccer equipment by Haskins Manufacturing than the manufacturer charges larger firms, of what practice would All-City Sports be the victim?

51

What is true of the relationship between trade and economic growth?

52

Buying an established business may involve inheriting old mistakes that can range from poor employee relations to pending lawsuits

53

In 2008, U.S. exports as a percentage of GDP

54

In the context of business communication, when writing high-impact messages, it is:

55

Tatiana does not work for, but has represented, an American manufacturer for years in Russia, helping it to negotiate transactions in her country. Her expertise and knowledge of the market has helped grow the company's sales. Tatiana is most likely a(n)

56

The owner of a single-person LLC can avoid paying self-employment taxes by electing to have the LLC treated as a corporation

57

Daryl is a human resource manager at a large corporation. In this position, his sole responsibility is to find ways to minimize his company's total expenditures on labor, including the costs involved in wages, salaries, benefits, recruitment, and training

58

Which of the following is NOT an example of a distribution channel?

59

Which of the following is a disadvantage of departmentalization by function?

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Business - Introduction To Business, Pre Quiz 7

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