Chapter 2, Business - Introduction To Business

1

A ________ has at least one general partner, who assumes unlimited liability and at least one other partner, whose liability is limited to his or her investment in the business.

2

While Justin attends college, he is working part-time for a cutlery company. He goes door-to-door and offers consumers face-to-face presentations in their homes. This is an example of

3

A plan is an outline of the actions by which the organization intends to accomplish its goals and objectives

4

The law that prevents discrimination based on race, religion, color, sex, or national origin is the Civil Rights Act of 1964

5

Capitalism is a term used to describe the free-market system, one in which private parties own and operate the majority of businesses and where competition, supply, and demand determine which goods and services are produced

6

Despite the fact that microeconomic theory places a great deal of emphasis on price, marketers often try to find ways to compete on product attributes other than price.

7

Population trends that change the composition of consumer markets and the workforce are a part of a company's ________ environment

8

When should differences in color, shape, and size be used to highlight the differences between quantities in a chart?

9

The Hamptons enjoy owning and operating their own restaurant. They enjoy being the masters of their own destinies and closing down the restaurant for one week a year so that they can take a vacation. The Hamptons seem to enjoy which advantage of a small business?

10

Over the past several decades, concern for the environment has

11

Scientific management theories focus on performing work efficiently, whereas ________ theory establishes a hierarchy to ensure employees have the skills and knowledge to do the job

12

One trend of the leading management function is to empower employees, giving them as much freedom as possible to become self-directed and self-motivated.

13

Which of the following financial institutions are considered to be owned by their depositors?

14

Certified management accountants are accountants who have met certain requirements of education and experience

15

In many cases, customers will travel farther to purchase a(n) ____ than they would travel to purchase a(n) ____

16

The U.S. population tends to buy the same things and spend time in roughly the same way as people did a decade ago.

17

The business-buying process is costlier than that of an individual consumer

18

When needs are satisfied, ________ is created

19

Which of the following can help employees determine the right course of action to take in an ethical dilemma?

20

Which of the following statements about recruiting is most accurate?

21

David is a bank manager. He manages the activities of an entire branch without specializing in any one particular function. Thus, David is a(n)

22

The active stimulation of word-of-mouth via unconventional and often relatively low-cost tactics is referred to as _____

23

Goals are set only for top-level management

24

Kim will only buy cars from Japanese automakers because she thinks cars made in the United States are of inferior quality. She has this belief even though she has never studied the ratings of cars made in the United States. What type of communication barrier does this represent?

25

Pricing strategies act as guides for achieving pricing objectives.

26

Andrew and Timmy are neighbors. Andrew owns a boat but never uses it. Timmy owns a car that he no longer needs since his son left for college in another state. Andrew needs a car. Andrew and Timmy make an agreement to trade the boat for car. What is the economic term given to this kind of exchange?

27

Hiring people to carry out the work of an organization is known as

28

What four guidelines should you follow in writing effective closings to negative messages?

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.

Chapter 2, Business - Introduction To Business

Recent Packs