Business - Introduction To Business, Helping Quiz 1

1

Cheryl is presenting the new payroll system to the managers of her company. She was unable to reserve the large conference room, so she scheduled the presentation in the cafeteria, which is not designed for giving presentations and has poor acoustics. Which of the following is a challenge she is most likely to face?

2

George works in the accounting department at the Green Goddess Lawn Services, where it is his job to record all transactions into journals. After completing this task, the next step in the accounting process is to

3

Which of the following best describes entrepreneurial personality traits?

4

What value of a stock is calculated by dividing total shareholders' equity by the total number of shares of stock issued?

5

Most companies that issue stock are legally required by the Securities and Exchange Commission to pay dividends to shareholders

6

Foreign _____ is contracting with foreign suppliers to produce products usually at a fraction of the cost of domestic production

7

What is the hardest question which most people have a hard time answering when making their financial and personal goals?

8

Identify and define the four key functions of management.

The four functions of management are planning, organizing, leading, and controlling.

Planning includes anticipating future trends and determining the best strategies and tactics to achieve organizational goals and objectives.

Organizing includes designing the structure of the organization and creating conditions and systems in which everyone and everything work together to achieve the organization's goals and objectives.

Leading is the function concerned with creating a vision for the organization and communicating, guiding, training, coaching, and motivating others to achieve the goals and objectives of the organization. Leading today often involves empowering workers and giving them the freedom to become self-directed and self-motivated.

Controlling refers to establishing clear standards to determine whether an organization is progressing toward its goals and objectives, rewarding people for doing a good job, and taking corrective action if they are not. Basically, it means measuring whether what actually occurs meets the organization's goals.

9

A utility company is an example of

10

Which of the following is not one of the four states included in a typical business cycle?

11

Businesses satisfy the demands of all stakeholders by balancing the demands of customers and stockholders.

12

Import tariffs:

13

Items such as snow skis, lawnmowers, and other highly seasonal items are often held in ________ warehouses during the months they are not in demand.

14

Which of the following helps producers distribute goods from sellers to customers?

15

What is the term given to the recording of a firm's financial transactions?

16

One of the key goals of a social audit is evaluating whether a company

17

Pushing the decision making function as far down the organizational pyramid allows managers to work on ________

18

Which of the following examples would be the best example of a company that should use an intermittent production process?

19

In the final paragraph of your application letter, you should

20

What are the three activities according to which a statement of cash flows is organized?

21

The U.S. government offers investor visas to attract more entrepreneurs.

22

In a free-market economy, what drives the amount of production?

23

Which of the following is the only way to support a current account deficit in the long run?

24

Glinda goes to the supermarket for her monthly grocery shopping. As she waits in the lineat the cash register, she sees her favorite kiwi-flavored candies on a stand and puts some into her shopping cart. In the context of product classifications, the candies purchased by Glinda are _____.

25

Which of the following is the process of determining what the camera sees when you aim it?

26

Which bits of information go onto a Gantt chart?

27

For every pair of shoes purchased, TOMS donates a pair to someone in need. The TOMS website and promotional materials all feature this "one for one" philosophy. TOMS is segmenting the shoe market on a ______ basis

28

To strengthen its manufacturing base in the future, U.S. will have to

29

Activity ratios analyze ________

30

According to Adam Smith, competition hinders efficiency and low prices by forcing producers to offer the best products at the highest price.

31

When a very large product that is hard to move is produced, a(n) ____ is used.

32

Why is it important to have specific and informative headings for social media?

33

Darrell owns and operates a small farm that produces vegetables and fruits. His friend Marcus owns and operates a butchery shop that sells various kinds of meat. Darrell often gives Marcus vegetables and fruits in exchange for meat, and vice versa. This scenario best describes

34

By tracking purchases and looking for trends, credit card companies are attempting to understand consumer behavior

35

In Germany, there are some firms whose employees participate in the company decisions by actually serving as members of the board of directors. The policy of permitting nonmanagement employees to participate in the decision-making processes of some European companies is called

36

In terms of exporting, what can be said of medium-sized and small firms?

37

The business-to-business segment of e-commerce is of less importance than the business-to-consumer segment of e-commerce.

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Business - Introduction To Business, Helping Quiz 1

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