Quiz Fall 8-Business - Introduction To Business

What is the name of software and hardware that prevent hackers from accessing a company's internal network?

Universal ethical standards can solve the problem of too many people viewing ethics as _____.

Emily makes handmade jewelry and sells it to consumers at craft fairs. This is an example of the ________ marketing channel.

4

Bactacorp is a healthcare organization responsible for creating wheelchairs. They bring in a consultant to conduct a production study. The consultant first asked production employees to create their wheelchairs independently. The consultant then created small teams where one employee assembled frames, one person added the handles and footrests, and another added the wheels. The consultant noted that by working independently, employees could produce one to four wheelchairs per day while the small team could create more than ten per day. This scenario demonstrates that ________.

5

People can enter into a business with the highest of intentions to act responsibly, yet may find themselves behaving unethically. Why?

6

Dividing tasks into smaller jobs is called

7

Which of the following may be a substitute for leadership?

8

What will a message's formality and media choice signal to the audience?

9

Hector and Carmela work for a firm that uses forced ranking performance reviews. They were surprised to receive low rankings and reprimands, when there seemed to be little difference in performance among their work unit

10

A balance sheet shows the profit and loss for a particular time period

11

The currency of the United Arab Emirates is fixed relative to the U.S. dollar: this means that the exchange rate between the United Arab Emirates dirham and other currencies is determined by the dollar exchange rate. This is an example of a ________ exchange rate.

12

According to Maslow, if you have a self-esteem problem, you probably will not be able to concern yourself with developing to your fullest potential.

13

In a typical business format franchise, the franchisor:

14

Break-even analysis will provide you with a profit.

15

The Consumer Financial Protection Bureau was created by the _____.

16

Which of the following makes radio a potentially effective advertising medium?

17

Fredericka Burton is a project manager for Pendant Publishing, a publisher of scientific journals. Burton has three main goals. She wants to deliver all her publications (1) on time, (2) under budget, and (3) to high-quality standards. Burton's third goal is part of managing

18

KTG Computers is looking to set up a planning system that will integrate its production and operations system with those of its suppliers. As its operations management consultant, you explain that it needs a material requirement planning (MRP) system.

19

What types of public-relations tools can organizations use?

20

Multiple generations within an organization are an element of what concept?

21

Over the last few years, most U.S. firms have regained the dominant competitive positions they had previously held

22

An intranetlimits access to a single firm's employees.

23

If the stakes are high for you or your receiver, use a(n) ________ to deliver negative information

24

AR Supply locates its global manufacturing in Mexico, its global distribution in Indonesia, and its design in Italy. By dispersing different stages of its value chain to those locations around the world where the value added is maximized or where the costs of value creation are minimized, AR Supply has created a(n)

25

The number of U.S. companies that are listed on foreign stock exchanges is declining.

26

As a franchise owner, why would you want to try to maintain a good relationship with your franchisor?

27

Which of the following is an advantage of franchising for the franchisee?

28

Explain what labor factors should be considered when determining where to locate an electronics manufacturer

The availability of labor and the right types affects where a company will locate. Companies need to hire employees to maintain their operations, but they also need to be aware of how the communities they locate in affect their ability to attract employees. For an electronics manufacturer, skilled labor will be needed. Finding a community where skilled labor will be affordable is also important. Many companies are locating overseas as a way to obtain skilled labor at a lower cost. A company need not necessarily relocate to hire such workers, though. Affordable, skilled labor has become more globally accessible through the use of the Internet and communications technologies. Considerations as to how the living conditions of the community will be affected are important. Many companies find that a community where the quality of life is already high helps attract a higher caliber of employee. On the other hand, a new company might also help revitalize a lagging community. There are often tax incentives to entice companies to locate in particular areas. Last, government laws may play a role in location. Researching laws and how they may affect business operations up-front can avoid unexpected surprises down the line.

29

A likely advantage of hiring host-country nationals is the fact that:

30

Which of the following is a key feature of the foreign exchange market

31

Colors, a company manufacturing cosmetics and body care products, doesn't want to pay the expensive costs of carrying celebrity sponsored perfume brands. However, since many of the company's customers want to buy these products, its refusal to carry them caused decreasing market share. As a result, the company eventually started carrying these sought after brands. This is an example of how

32

Which of the following will help boost your confidence when preparing for an interview?

33

Mini-CaseCy Burspace first began working for Epic Electronics in the mid-1970s as a business technology specialist. Today, he is the department head for the company's information systems department. Cy is well known and respected by everyone in the company, and his coworkers recently threw a party to honor his 30th year with Epic. Cy did a lot of reminiscing at the party, telling the newer employees how things were done in the "old days," and comparing them to newer methods."I'm still amazed at how things have changed. When I first came to Epic, we had a central computer to handle everything. It took up a whole room, but all it really did was generate financial reports for management," said Cy. "Today, employees have their own personal computer, and all are hooked up to a network. All of

in Business

this connectivity has led to big improvements in our operations. For example, if a production worker wants to find out how many units of a particular component we have in inventory, or wants the name and address of a particular supplier who sells us that component, he or she can get the information in the blink of an eye. In fact, we have even given our suppliers and customers access to our network so that we can share information and provide them with better service. That change has really helped us compete against the bigger firms.""Now," Cy continued, "most of the workers in my department don't even have to be at the office to be connected. We have smartphones and laptops so we can do much of our work from home or while we are on the road."A new employee asked Cy if he was ready to retire. "No way," he said. "I'm in the middle of a major project right now. We're trying to design a single entry point for people to use when logging on to the Epic network. We want to set it up so that the log-on procedure identifies different types of users and automatically gives them access to the types of resources they need. For example, customers who logged on would be allowed to place orders, check on the status of previous orders, and interact with our technical support staff, but would not have access to other, more proprietary parts of our network. We think this approach will be more convenient for everyone. And," he continued, "once I finish that project, the marketing department has asked me to work on developing better ways to store and analyze the vast amounts of data we collect. So my work is cut out for me for quite a while yet."Cy's new project to provide a single entry point to his company's network that identifies users and allows them access to the areas of the network they need indicates that he is working on a(n)

A. virtual network.
B. node-to-node network system.
C. enterprise portal.
D. web router.

34

The most intense competition for patents is in the ________ industry.

35

David has a savings account and a home mortgage with a financial institution. Each year, this institution sends him a dividend check based on his accounts. Which of the following financial institutions is David using here?

36

________ unemployment measures unemployment caused by lack of demand for those who want to work; it generally follows the economy

37

Kim's Copy Shop is in the process of organizing its assets in the appropriate order. They ask you for help in arranging the following assets: equipment, accounts receivable, cash, merchandise inventory, and notes receivable. You list ____ first and ____ last

38

In manufacturing, a(n) ________ is frequently used in operations that serve different customers' different needs.

39

Which of the following is NOT one of the main types of advertising?

40

A hospital conducts a series of focus groups with patients who had recently had outpatient surgery in order to gauge their level of satisfaction with various aspects of their experience. Which step of the research process does this represent?

41

You should always select a communication channel that you are comfortable using. If it works for you, it's good for the audience

42

Jerry is beginning a marketing research project. One of the six steps of marketing research is to

43

To remain competitive in today's market, firms must produce a quality product and offer outstanding service at a reasonable price.

44

In 1995, a renegotiation of the General Agreement on Tariffs and Trade (GATT) took bold steps to lower tariffs

45

________ are marketable securities that are short-term debt obligations sold by the U.S. government to raise money.

46

Most simple requests can be handled by explaining

47

The stage of new product development in which potential customers are presented with a written or oral description of the product to determine their initial attitudes and buying intentions is called

48

The old Mercantilists and today’s neo-mercantilists believe that:

49

Adjustable rates for life insurance policy loans in Florida are based on Moody's corporate bond index.

50

A ____ is a source of revenue flowing into the firm.

51

First-mover advantages are gained by those companies that are the early entrants to an industry.

52

Thomassen's sales director points out that Brinmei has little to no political freedom. He believes this may cause problems for the company in some areas. Which of the following, if true, supports his concern?

53

The traditional balance sheet format placed assets on the left side with liabilities and equities on the right, but more recently a ________ format has gained wide acceptance.

54

Patents are designed to encourage innovation and progress

55

David works at Klambunk Motors, an automobile manufacturing company. Once a new automobile has been designed by the design team, David determines and finalizes all the activities required to manufacture and deliver the new automobiles to showrooms. In this scenario, David determines the _____ needed to transform the company's inputs into outputs.

56

Which of the following is NOT a disadvantage of a tall organizational structure?

57

A(n) ______________ combines electronic machines and computer-integrated manufacturing in a single production system.

58

Which of the following is not a step in the consumer buying decision process?

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Quiz Fall 8-Business - Introduction To Business

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