Business - Introduction To Business; Pre Quiz 3

1

The purpose of visuals is to ________ during a presentation

2

Total quality management (TQM) involves increasing employee participation in quality control.

3

Which of the following is an application of mechanization?

4

What are the two major activities of financial operations?

5

Which of the following represents the biggest customer of American business?

6

Michael owns stock in an S corporation based in the U.S. He's told his friend Juan about the company, and now Juan wants to invest in it, too. Juan is a Mexican citizen who lives in northern Mexico. In this scenario, Juan will be allowed to own stock in the company

7

In the context of the marketing mix, the distribution strategy includes all of the ways that marketers communicate about their products.

8

What are accounts payable?

9

Who generally has access to intranets?

10

When customers buy products, they also "buy" all of the attributes associated with the products, such as the brand name, the image, the packaging, the reputation, and the guarantee

11

Which of the following refers to a 1969 agreement among Bolivia, Chile, Ecuador, Colombia, and Peru to establish a customs union?

12

In an upcoming presentation, you plan to cover three important changes to your employees' working hours. The proper place to list this plan would be the ________ slide

13

Jonathan lost his job and the health insurance coverage that his employer had provided. As a result of the Affordable Care Act, what may he experience in getting a new policy?

14

Which of the following is NOT a benefit of a team?

15

France, a socialist economy, does not have which of the following goals?

16

At the conclusion of an external project, these are presented to the client for final approval

17

Carlos needs to assess the current supply of employees in his company. He consults a document detailing the ages, educational backgrounds, training, experiences, specialized skills, and current and previous office positions for each employee. In HR, this document is called the ________.

18

In the mid-1970s, American auto manufacturers produced big gas-guzzling cars and tried to sell them to consumers who needed fuel-efficient transportation. This happened because manufacturers

19

Business communicators use a wide range of specialized and private social networks, in addition to public networks

20

Joe decides to start his own business designing websites for other businesses. Joe's business would be classified as a

21

Although the interest rate is fixed when the bond is issued, the interest rate that one firm must pay compared to another may vary depending upon risk factors such as the reputation of the firm.

22

Before going public, a firm must file a registration statement with the _____

23

A ________ offers a huge selection of one type of product (such as books, toys, or sporting goods) to dominate that category of goods.

24

Social media is having a minimal effect on the emerging era of mobile/on-demand marketing.

25

The utilitarian philosophy for business ethics primarily focuses on:

26

A benefit to companies of economic integration is the opportunity to centralize their production and reduce costs.

27

It is rare that managers of small businesses lack the management skills necessary to run their businesses.

28

The number of intermediaries between the product (or manufacturer) and the consumer is referred to as:

29

Javier recently completed a management training course and was fascinated with reinforcement theory. He wants to use it to motivate his employees to sell more profitable tree trimming services to landscaping clients

30

Haruto Kawa, a Japanese citizen who works for Shin-Ro Corp. in Japan, has been asked to head the company's sales office in the United States. Upon taking the assignment, Haruto will be a(n) ________ manager.

31

When Laura buys a new computer, she assumes that it was not stolen, that it will serve her personal computing purposes, and that it will function efficiently as advertised. These expectations describe what is included in a(n) ________ warranty.

32

Which of the following is considered a trade name?

33

_____ costs remain constant regardless of the rate of production in a given time period

34

All of the following are types of property for which you can buy property casualty insurance EXCEPT

35

What is the practice of selling products in a foreign market for less than in its home country?

36

What are the major components of strategic management?

37

Jake owns and operates a small store that sells relatively few items. His store is open 24 hours a day, and most of his customers live very close to the store. Jake owns a:

38

Daniel's business constructs storage sheds for new housing developments as requested by the builders. Daniel's business would best be classified as a

39

B2C e-commerce refers to online business trades between companies

40

Arkansas has passed a right-to-work law, which means that union shops are illegal in the state.

41

To measure how well a company is moving in the intended direction, it is important to _____

42

Compare and contrast expectancy theory with equity theory

Answer: Expectancy theory refers to the idea that the effort employees put into their work depends on expectations about their own ability to perform, expectations about likely rewards, and the attractiveness of those rewards. Expectancy theory focuses less on the specific forces that motivate employees and more on the process they follow to seek satisfaction in their jobs.
Equity theory refers to the idea that employees base their level of satisfaction on the ratio of their inputs to the job and the outputs or rewards they receive from it. Equity issues can show up in a number of areas, such as in complaints about gender pay fairness and executive compensation and in many unionizing efforts, whenever employees feel that they aren't getting a fair share of corporate profits or that they are being asked to shoulder more than their fair share of hardships.

43

The threat of antidumping action limits the ability of a firm to use aggressive pricing to gain market share in a country.

44

Retailing is one area where technology is unlikely to make a big difference in how services are provided.

45

What is a company sales forecast? Why is it important to the sales department as well as to the people who handle raw materials inventory, finished-goods inventory, hiring, and advertising?

46

When corporations attempt to raise money by selling stock, it is called

47

If a company offers several products that are similar in nature, how could the company increase sales while saving the consumer money?

48

When used poorly or too informally, e-mail can trigger conflict or misunderstandings

Find your answers, solutions and more...

We made it much easier for you to find exactly what you're looking for on Sciemce. Enjoy our search engine "Clutch."

Save a GPA. Donate your notes with us.

Business - Introduction To Business; Pre Quiz 3

Recent Packs