Quiz Facts 3- Business - Introduction To Business

1

Herbert, a finance analyst at a company, is asked to deliver a presentation to all employees of the company on the procedure involved in filing tax returns. He ensures to keep the language simple and does not use any financial jargon during the presentation. Instead, he uses commonly known terms to convey the message. Which of the following communication guidelines is Herbert following in the given scenario?

2

In business communication, the ________ of a message usually have the greatest impact on the readers

3

The SBA makes a special effort to

4

Pro Corp and Darths Inc are two companies that are identical in every aspect except for the fact that Pro uses only equity financing, while Darths relies heavily on debt financing. Over the past year, the firms had identical earnings before interest and taxes. If net income for both firms was high, _____

5

In the context of ethics and social responsibility in the global arena, which of the following statements is true of a business's responsibility to workers abroad?

6

Ethics officers act as an internal ombudsperson with responsibility for handling confidential inquiries from employees

7

Which of the following statements identifies a key difference between a job description and a job specification?

8

Price is the easiest variable in the marketing mix for marketers to control

9

At the core of any business is a product which can include each of the following EXCEPT ________

10

Because of their greater financial resources and expert staffs, big corporations can almost always outperform small businesses.

11

In her work as an accountant, Sandra Garcia recognizes that for every transaction that affects an asset, an equal transaction must also affect either a liability or owners' equity. Sandra is using ________ bookkeeping

12

What do many U.S. companies expect from employees, even those who work in teams and collaborative settings?

13

The Securities Exchange Act of 1934 required that all publicly traded firms with at least _____ shareholders and $10 million in assets file quarterly and annual financial reports with the Securities and Exchange Commission (SEC)

14

In the context of international trade restrictions, _____ are limitations on the amount of specific products that may be imported from certain countries during a given time period.

15

What is the price at which the quantity of goods demanded and the quantity of goods supplied are equal?

16

For the U.S. government to provide services, it collects revenue from

17

Describe how author Francis Fukuyama's vision of the new world differs from that of the late influential political scientist Samuel Huntington.

Fukuyama's envisioned a harmonious world dominated by a universal civilization characterized by democratic regimes and free market capitalism. In contrast to Fukuyama, Huntington envisioned a world split into different civilizations, each of which has its own value systems and ideology. He argued there is no "universal" civilization based on widespread acceptance of Western liberal democratic ideals. Huntington maintained that while many societies may be modernizing-they are adopting the material paraphernalia of the modern world, from automobiles to Coca-Cola and Facebook-they are not becoming more Western. On the contrary, Huntington theorized that modernization in non-Western societies can result in a retreat toward the traditional, such as the resurgence of Islam in many traditionally Muslim societies.

18

Quinn owns a local salon. She wants to update her shop with new customer massage chairs and work stations for her nail technicians. If the Fed were to lower interest rates by 1.5 percentage points, at the same time that the government increased the tax rate by 1.5%, she could immediately conclude that updating her shop would not increase or decrease her financial position.

19

Brianna's hair care company sells shampoo, conditioner, leave-in conditioner, and styling gel. Each product sells for $13.95

20

A company that utilizes a hybrid structure is best described as one that utilizes a grid form to combine the functional and product chains of command.

21

Computer-integrated manufacturing (CIM) results when a:

22

Heidi Ganahl describes herself as visionary, goal-oriented, and having lofty ambitions for the brand and the company. Based on these terms, her type of leadership can best be described as:

23

A firm's social responsibility program will be ineffective if it has less than the total commitment of the company's top business officials

24

The primary measure of growth in the business cycle is inflation

25

A dollar bill will last about six years before it needs to be replaced. This represents the dollar's stability.

26

A patient has had gastric bypass surgery. Which of the following is the patient at highest risk for developing?

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Quiz Facts 3- Business - Introduction To Business

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