Quiz Facts 10- Business - Introduction To Business

The broadest set of plans developed as a guide for major policy setting and decision making is called a(n)

The statement "Warning: The Surgeon General Has Determined That Cigarette Smoking Is Dangerous to Your Health" supports the consumers' rights to

3

Owners of corporations are known as stockholders

4

Everlene's Bakery competes against many other bakeries in the same city. However, each bakery uses different recipes and each claims to offer better products than their rivals. For example, Everlene's advertises that it produces the "World's Best" chocolate chip cookies. This suggests that Everlene's Bakery is an example of pure competition

5

The first rule when you have credit card difficulties is to:

6

The key to successful training and development programs is to

7

If you start a company or become an executive in an established firm, you can expect to spend the majority of your time

8

Strategically implemented production processes and methods that create less waste and environmental damage contribute to which aspect of the triple bottom line?

9

Which circumstances commonly require the modification of a company's strategy?

10

Which of the following is the result of people receiving more information than they can process?

11

Social responsibility is good business, but it does cost money

12

Bolve Technologies is a small-scale smartphone manufacturer. It advertises its phones via television commercials. Customers can buy these phones only by placing a call to the sales reps of Bolve Technologies. It is evident that Bolve Technologies is engaged in _____.

13

Fiona is upset when her employer reduces the number of paid holidays employees will receive each year. She contacts the union to see what she would have to do to get the union to represent employees at the company. Which of the following best reflects her objective in wanting to join a union?

14

When are financial reports required of a company?

15

Deflation _____

16

What is the role of the information technology (IT) department?

The IT department is responsible for everything from hardware components and software programs to networking strategies. Specific areas of responsibility include:
1 ) providing security both in response to computer virus attacks and emergency recovery from power outages and system failures
2 ) keeping current and operational all of the computers, printers, and any other technology equipment
3 ) managing the design of the company's networks and databases where information is stored
4 ) selecting the appropriate software programs as well as often providing training to employees
5 ) creating custom software to bridge the gaps between the products available and the needs of the firm
6 ) maintaining and managing the use of mobile computing throughout the company–equipment includes notebook computers, tablet PCs, smartphones, and other devices
7 ) implementing remote access to computing resources, such as employees' access to work files or email when they are away from the office

17

The process a person goes through when returning to his or her home country is called ________

18

Which defining word or phrase below BEST captures the meaning of capital items?

19

Authentic leaders form long-term relationships with stakeholders.

20

Why is asset allocation important for an investor?

21

Which of the following is the most important purpose of issuing a stop order?

22

A(n) ________ is a form of business ownership that is taxed as though it were a partnership; it is very popular among entrepreneurs and represents almost half of all corporate filings.

23

A supply curve shows that as prices rise the:

24

Describe an income statement. What is its purpose?

25

For someone with a family that includes young children, the first step in estate planning should be to

26

What statement is TRUE regarding the Dodd-Frank Wall Street Reform and Consumer Protection Act?

27

Audrey is looking to hire an operations manager for her widget factory. Which of the following would best describe the manager's primary responsibility?

28

Policy statements or procedural changes are generally neutral, so readers will not react emotionally to them

29

The Palladian government required that all imported products that came from Lovaskiya be checked by Palladian customs inspectors. The inspection was done at a container freight station that was both remote and poorly staffed

30

An informal organization can be shown on a formal organization chart

31

As a result of international trade, the economies of the world's nation-states are becoming less intertwined

32

Barry Ferrell has a monthly income of $2,500. His monthly expenses are $2,000. What amount is recommended for someone in Barry's situation to set aside to establish an emergency fund?

33

For the past two years, Mountain High Bike Company used suppliers from India, Japan, and Malaysia to provide precision parts for its custom bikes. There was only one problem: the quality of the parts from all locations lacked precision and consistency. Skilled technicians complained that as many as three out of five parts had to be discarded due to imperfections. The quality control manager convinced the owners to partner with a slightly higher-priced company in Omaha, Nebraska, which utilized ________ to test samples of product components for deviations in quality and precision, prior to sending them to Mountain High Bike Company. The bike company realized savings in both time and money.

34

When an insured changes to a more hazardous occupation, which disability policy provision allows an insurer to adjust policy benefits and rates?

35

The purpose of a ________ is to move the selling process toward an actual product purchase.

36

Capital in excess of par reflects the

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Quiz Facts 10- Business - Introduction To Business

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