Easy Quiz 1, Business - Introduction To Business

All partners have joint authority to make decisions for the firm in a general partnership

__________refers to moving production or support processes to foreign countries.

For most companies, all except ____ are some of the most popular objectives in regard to a social media plan.

Ben receives an email purporting to be from his bank, advising him that new passwords are being distributed. The email asks him to enter his current password, as well as other personal information

5

The focus of all marketing activity is to

6

What are different factors that affect the insurance premium?

7

When all products undergo the same operations in the same sequence, a(n) ____ is used

8

Marketing goods and services to the B2B market relies more heavily on advertising than marketing efforts aimed toward the consumer market.

9

________ is an agreement to produce and market another company's product in exchange for a royalty or fee

10

Small Business Administration loans help firms finance their domestic operations. These funds, however, cannot be used to finance exports since the money is provided by U.S. taxpayers.

11

When corporations elect to issue two or more shares of stock to existing stockholders for each share they currently own, they have initiated a(n)

12

What is the term for buying several different kinds of investments rather than just one?

13

ERP is the acronym for

14

________ segmentation categorizes customers according to location.

15

Individual firms should invest substantial financial resources in trying to build a first-mover advantage, even if that means several years of losses before a new venture becomes profitable

16

When customers buy a new mattress, they receive a check in the mail for $50 from the mattress manufacturer. This is an example of a

17

________ refers to the process of dividing organizational functions (sales, production, accounting/bookkeeping) into separate units.

18

Which of the following, if true, strengthens Tarnofsky's argument?

Answer: E
Explanation: E) Tarnofsky says that flextime and job sharing would help keep and attract talent. Choice E says that there are good candidates out there who aren't interested in full-time jobs. Those people might be interested in a flextime or job-sharing arrangement, and so Choice E supports Tarnofsky's argument. Choice A supports a telecommuting option, but Tarnofsky doesn't mention that. Choice B weakens Tarnofsky's argument by making those nontraditional arrangements sound worse. Choice C doesn't matter because we don't know what kind of industry Tarnofsky is in. Choice D doesn't help because flextime and job sharing are simply two options that Tarnofsky suggests. Knowing that one is more popular than the other doesn't make either one sound like a good idea. If they were equally popular, it wouldn't make any difference.

19

Recently, consumers and the government have been losing an increasing number of product liability lawsuits against sellers of defective products.

20

A hair products manufacturer asked professional hair stylists to upload a photo of their best look using the company's products, and the winner got an all-expenses-paid trip to Orlando. What type of sales promotion is this?

21

The maturity date is the date on which ________

22

Which of the following is not a compensation decision?

23

In the context of factors of production, the _________ factor encompasses the physical, intellectual, and creative contributions of everyone who works within an economy

24

Which description identifies the controlling function of the management process?

25

The first step toward establishing open communication within an organization is to

26

Sam has been following information about Admiral Engines on a financial website. He has noticed that the firm's

27

Gerald's Ford dealership receives offers from the manufacturer each month to motivate its salesforce to reach sales goals. These offers are

28

Which of the following means an understanding of how cultural differences across and within nations can affect the way business is practiced?

29

What is the time period over which a budget typically shows estimated revenue and expenses?

30

Which organizational structure is also called a virtual organization?

31

The goal of William Ouchi was to develop a modified business culture that blends the best of Type J with the best of Type A.

32

Qing called her customer after the product had been delivered to see if there were any questions about how to use and maintain it. Which step in the personal selling process is Qing in?

33

A feature of corporate bonds is that they

34

Which of the following is a recent trend among international businesses regarding make-or-buy decisions?

35

Which of the following factors helps a firm shorten channel length?

36

The buffer for a negative message should be positive

37

The WTO does not have the power to impose trade sanctions.

38

Urban Teens, a nonprofit organization, provides 12-18-year-olds with housing when families are affected by

39

What are media sharing sites

40

Brainstorming answers the question, "Are we on track?"

41

Preferred stockholders receive dividend payments before common stockholders are paid any dividends.

42

A motivation technique that provides employees with more variety and responsibility in their jobs

43

With a zero-coupon bond the purchaser buys the bond at a discount from the face value

44

Which of the following refers to identifying distinct groups of consumers whose needs, wants, and purchasing behavior differ from others in important ways?

45

The bottom line of the Cooper Corporation's income statement is equal to the net worth of the firm.

46

Which of the following is the LEAST appropriate business application of text messaging?

47

A franchise agreement is the contractual arrangement between a franchisor and franchisee that details the duties and responsibilities of both parties

48

Darnell recently graduated from technical high school, where he focused on welding. He just started a new job and is working with a welder who has almost 20 years of experience

49

Accounting and investments are areas within which management field of specialization?

50

Briefly describe the concept of regional economic integration.

By regional economic integration we mean agreements among countries in a geographic region to reduce, and ultimately remove, tariff and nontariff barriers to the free flow of goods, services, and factors of production between each other.

Some examples of regional economic integration include the North America Free Trade Agreement (NAFTA), which went into effect in December 1992. By creating a single market, NAFTA aimed to lower the price for goods and services in the United States, Canada, and Mexico. On January 1, 1993, the European Union formally removed many barriers to doing business across borders within the EU in an attempt to create a single market with 340 million consumers. There are also active attempts at regional economic integration in Central America, the Andean region of South America, Southeast Asia, and parts of Africa.

Such a policy is good for consumers, because it lowers prices, but it may present challenges to some producers who have to adapt to a more competitive environment. The past two decades have witnessed an unprecedented proliferation of regional trade blocs that promote regional economic integration. World Trade Organization (WTO) members are required to notify the WTO of any regional trade agreements in which they participate. By 2010, nearly all of the WTO's members had notified the organization of participation in one or more regional trade agreements.

51

- promoting the product to distributors and retailers to get wide distribution - developing strong advertising and sales campaigns to generate and maintain interest in the product among distributors and consumers

52

Alexa has a commercial laundry service that has been growing rapidly. She wants to continue to grow the business, but she needs access to more money and does not want to risk her personal assets. Alexa contacts her lawyer to see if all the legal requirements are met to start the process of

53

BB Electronics buys broken technology and breaks the devices down into parts that they sell to other technology companies to use in new devices. By breaking down these devices into parts they can sell, BB electronics has created ________.

54

Brenda is a real estate agent for Coldwell Banker. Whenever she works with a client, she focuses on obtaining leads for prospective clients who are friends or families of her current client. Brenda is acting in her capacity as a(n) _____

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Easy Quiz 1, Business - Introduction To Business

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