Quiz Preview 3' Business - Introduction To Business

Under what circumstances might a firm use survival pricing objectives? How would a firm implement such a strategy?

Microsoft's Live Messenger and IBM's Visualization Data Explorer are examples of groupware

Stocks of corporations with earnings expected to increase faster than other stocks are called ________ stocks.

When the value of one country's currency relative to that of another varies with market conditions, which of the following exists?

5

The U.S. government is concerned about inflationary pressures that seem to be building within the nation. Restricting the growth of money supply provides an effective strategy to reduce these inflationary pressures.

6

Which of the following characteristics of a well-chosen target market states that the people of the target market must be willing and able to spend more than the cost of producing and marketing a product?

7

Work rules specify such things as the tasks certain employees are required to do or are forbidden to do

8

Which of the following is NOT one of the roles of the Government Accountability Office?

9

Justin McCall is the keynote speaker at his company's annual sales conference. One part of his speech will include 10 keys to success. Since all of these points deal with the same topic, Justin should present them on the same PowerPoint slide

10

Which of the following is a defining characteristic of drop shippers?

11

Ricardo recently spent a lot of money on the purchase of a new sports car. He thought he would really enjoy it, but soon after the purchase, he began to question whether it was a smart move. Ricardo's doubts are an example of cognitive dissonance

12

The choice to use only Measurement Strategy Beta would be vulnerable to criticism because it would give the software programmers an incentive to do what?

13

A cooperative agreement between potential or actual competitors is called a(n)

14

Which communist country was the first to make strong economic gains by adopting capitalist approaches to business?

15

A temporary group of employees, usually chosen for their expertise, that is responsible for bringing about a particular change is a(n)

16

The new social model of customer communication is unidirectional and intrusive

17

In the context of evaluating economic performance, productivity is calculated by:

18

Which of the following has the LEAST need for creating a complex business plan?

19

The Electronic Funds Transfer Act protects the customer in case a bank makes an error or the customer's credit or debit card is stolen

20

The phrase that BEST describes the purpose of public relations is ________

21

In the United States, individuals who are born into a class system and are at the bottom of the social hierarchy can work their way up.

22

Maslow's hierarchy of needs includes psychological needs, safety needs, social needs, security needs, and self-importance needs.

23

_____ theories focus on the consequences or results of the actions they produce.

24

_____ are the inexpensive goods and services that consumers buy frequently with limited consideration and analysis

25

An agent who makes misleading statements that lead to the termination of an existing insurance policy so that a new policy with another insurer can be taken out has committed

26

Michael bought stock in a large consumer products company. As a stockholder, he is prioritized in the distribution of a firm's dividends, but he doesn't have voting and control rights. What type of stockholder is Michael?

27

Fatima enjoys online shopping as it allows her to buy things from a wide range of options from the convenience of her home. She recently bought a food processor online. In this scenario, Fatima is involved in _____.

28

Major advances in consumerism have come through federal legislation.

29

Why would technical skills be important to first-line managers?

30

In international trade, what is the difference between an absolute advantage and a comparative advantage?

31

After several years of higher education, Tom and Zoe Dash were awarded their Ph.D. degrees and found jobs at a university, where they plan to work in research labs. Tom's lab is very large with at least 15 research faculty like himself and 25 graduate students whose benches are all together on one side of the laboratory. Zoe's lab is similar in size, but graduate student benches are interspersed with faculty. From the very beginning, Tom was referred to as Dr. Dash by the graduate students. Zoe and the graduate students in her lab are on first-name basis. As a student of management, which of the following statements would you consider good advice to the managers (also known as the principal investigators) of these labs?

32

Sean is interviewing for a position at a law firm. In the interview, he is asked: "How would you resolve the issue of successfully arguing a case in which you disagree with our client's position?" Answering this question requires Sean to use

33

When it comes to reaching global markets, evidence supports the conclusion that the "one size fits all" approach to promotional mix design is best.

34

A commercial brewery can produce a maximum of 20,000 cans of beer per day. This refers to the ________ of the brewery.

35

Which of the following is a reason why Great Britain and the United States could finance their deficits by borrowing private money since the early 1970s?

36

Kitsure, a cosmetics company, was able to sell 20 percent more than its estimated sales in a year. The company was able to acquire its investment along with a higher turnover for its shareholders. Which of the following financial ratios provides the measure of Kitsure's earnings?

37

Cosmos Corp prefers its employees to speak English while on the job. However, with the increasing diversity

38

Twenty young entrepreneurs decide they want to start a dating service; however, they do not want to be held personally liable for losses of the company. They want to avoid double taxation. Which type of business organization would best fit their needs?

39

What two additional Ps of the marketing mix relate to the triple bottom line?

40

A flat organization is less likely to respond quickly to customer needs.

41

Which of the following is the most common form of business organization in the United States?

42

Cisco Systems manufactures computer hardware, uses software programs, and provides networking services to customers. As a result, Cisco uses

43

Farouk has an app that lets him see real-time traffic on his online store's website. He is pleasantly surprised to see a sudden surge in activity, but it continues to grow. The servers become overloaded and the site crashes

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Quiz Preview 3' Business - Introduction To Business

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