Quiz Facts 1. Business - Introduction To Business

1

A common way of compensating teams is a ________ system, in which bonuses are based on improvements over a previous performance baseline.

2

Vitalink Company does marketing research and then plans, creates, and places various forms of paid communications about its clients' products and services. Vitalink Company is a(n) _____.

3

Brad, the HR manager at a medium-sized corporation, understands the value of hiring from within to fill positions whenever possible. This means that he relies extensively on promotions, transfers, and recommendations from current employees to find qualified employees.

4

Rock Manufacturing has both management and nonmanagement jobs at its Phoenix plant. Since Arizona is a rightto-work state, the manufacturer must operate under a closed shop arrangement

5

Peter Shelly was hurt on the job last week. His medical bills for this injury are covered under

6

Departmentalization refers to the process of grouping jobs into logical units

7

Many businesses choose to open their intranets to other selected organizations through the use of

8

In the United States, wage differences are acceptable only if they are

9

Which of the following is the name for a portion of the ownership of a corporation?

10

The Terminator Home Security Company markets its infrared alarm system to urban residents who are more likely to experience a theft than their rural counterparts. This is an example of _____ segmentation

11

Delegation consists of giving a subordinate all of the following except

12

When compared to the past, the gap between rich and poor nations today has

13

Mario started a skateboard company from his garage. For a year he was the manager and the sole employee. But Mario's business, called Rolling Along, has really been rolling along. Now Mario has 11 employees and 53 shareholders

14

New stocks and bonds are sold in what market?

15

Two Manufacturing produces candy bars. The company would probably choose which of the following to reach its target market?

16

In recent years, countries with communist economic and political systems have

17

Motivation factors are directly related to the work that employees perform; hygiene factors refer to the environment in which they work

18

Harry owns a bond with a par value of $1,500 and a coupon rate of 7 percent in the Sheryll Shipping Corporation. If the current market price of the bond is $1,000, then the current yield would be _____

19

The evidence supports the position that promotional efforts specifically designed for individual countries produce

20

________ programs are legally mandated plans that try to increase job opportunities for minority groups.

21

A(n) ________ wholesaler is owned and operated by the company that makes the products, allowing it to maintain control over the selling and distribution of its products.

22

Explain the role of grease payments and how they are viewed by the U.S. government.

23

Name 10 of the 15 given components of a total product offer

24

In Silicon Valley, California, it is not unusual for highly skilled employees to stay at one company for about three years. These specialized employees have a mind-set for rapid promotion. They believe that they have only themselves to blame if these high goals are not met. William Ouchi would categorize the management style that these employees operate under as

25

Rosa is the owner of a small company that sells musical instruments and related supplies. Rosa has four departments set up: shipping, receiving, sales, and accounting. What kind of divisional structure does Rosa use?

26

After preparing a job analysis, the next step in the human resource planning process is to

27

Which type of software searches incoming e-mail and data for indications of a known virus?

28

The process of identifying the factors that can affect marketing success is called environmental scanning.

29

List five methods for extending a product life cycle

30

B&G, Inc A year ago, Kevin went to work for B&G, Inc He has worked for the finance department ever since he started. He noticed that the corporation was only taxed as though it were a partnership. This was something that he found very odd when he first started working for the company, but he later realized it was a fairly common practice. He recognized that this was one of the advantages of

in Business

this type of corporation.

While the job was challenging, Kevin was not happy. He wanted to work for a company whose main goal was to provide service to the community, not to make a profit. However, Kevin felt that, considering his present financial situation, he had to continue working for B&G, Inc A week later, Kevin discovered there was going to be a merger between B&G, Inc and one of its major competitors. Kevin's boss informed him that he would be getting a promotion and a raise. While he was excited about making more money, he still was not happy. He knew then that he would not be working for the company for long.

Refer to B&G, Inc B&G, Inc was going through a ____ merger.
A) vertical
B) horizontal
C) conglomerate
D) hostile
E) leveraged

31

The best time to distribute an agenda for a meeting is

32

You can use "moving blueprint slides" at several points in your presentation, but not at the end

33

The Organization of Petroleum Exporting Countries (OPEC)

34

Exporting is the selling of products to another country.

35

The purpose of a résumé is to

36

Botswana produces diamonds, copper, nickel, soda ash, meat, and textiles, which it sells to the members of the European Union. To Botswana, the diamonds, copper, nickel, soda ash, meat, and textiles it produces are examples of:

37

If a firm possesses proprietary product technology, the best option for that firm would be to

38

Discuss the balance of trade in the United States and how it affects debt

Answer: A country's balance of trade is the economic value of all the products that it exports minus the economic value of its imported products. A positive balance of trade results when a country exports (sells to other countries) more than it imports (buys from other countries). A negative balance of trade results when a country imports more than it exports. A negative balance of trade is commonly called a trade deficit. The United States is a debtor nation rather than a creditor nation. Trade deficit affects economic growth because the amount of money spent on foreign products has not been paid in full. Therefore, it is borrowed money and borrowed money costs more in the form of interest. The money that flows out of the country to pay off the deficit can't be used to invest in productive enterprises, either at home or overseas.

39

Parchova is a multinational company that manufactures and sells stationery products. Customers who buy five or more products at a time from its retail outlets are given a notepad and a pen for free. In the context of customer relationship management, Parchova most likely establishes _____ with its customers.

40

Your CEO just called to say that you have been promoted to regional sales manager. You'll now get to fly all over South America and Asia, seeing clients. But you are burnt out on travel and actually want to stay home more. According to _____ theory, you will not be motivated by your CEO's offer

41

Customer loyalty programs revolve around learning as much as possible about customers and their shopping behaviors so as to create a meaningful one-on-one interaction with each of them

42

Attitudes about ethical behaviors and practices are universal across cultures

43

If you like to have all the facts before you make a decision, you are probably a ________

44

The goal of marketing 2.0 is to ________

45

Corporate ________ covers issues such as treating employees fairly and ethically.

46

How does globalization of business benefit shareholders of an organization?

47

The eclectic paradigm is based on the idea that intellectual property is of considerable importance in explaining the direction of FDI.

48

Anna, a psychology major, studied the history of her favorite subject. She learned that in the early 1900s, ________ psychology was created to understand scientifically how to manage employees and work optimally

49

A reduction in a manufacturer's inventory turnover ratio is likely to indicate that the ________

50

The second stage of development, characterized by conflict and disagreement, in which team members disagree over what the team should do and how it should do it

51

Specific skills needed to accomplish specialized activities such as drafting and welding are known as ____ skills.

52

Messages for mobile devices should be developed in the same way as messages that use other channels and media

53

Gabriel has a game-changer of an idea for electric power generation that will make solar, wind, nuclear, and petroleum totally obsolete as soon as it hits the market. He needs funding, but wants to retain control of the operation, given its potential. What should he do?