Frank Singh is employed as a part-time instructor at a college. He is very anti-union. There is a union for college instructors

On receiving his first pay cheque, Frank is outraged to learn that union dues have been deducted: he did not join the union. What is the name for this arrangement for mandatory union deductions?

A) Closed shop
B) Union shop
C) Rand formula
D) Labour shop
E) Socialism


C

Business

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The advertising technique in which a company promotes its products through appearances on television shows, movies, or other media is called

A. indirect marketing. B. co-branding. C. product placement. D. joint marketing. E. media marketing.

Business

All of the following are advantages of using a distribution center except

A. more accurate sales forecasts are possible. B. it is easier to avoid running out of stock or having too much stock. C. retailers need to keep less merchandise in the store as inventory if the stores get frequent deliveries. D. customers know they are dealing with a more sophisticated and financially well-off operation if the firm uses a distribution center. E. use of a distribution center saves money since the storage space at a distribution center is generally less expensive than that of a store.

Business

Two observable aspects of an enterprise are its tangible performance and persistence (longevity). Intuitively, persistence and high performance would correlate closely. Of course, a high performance enterprise with a very specific mission to achieve might be disbanded thereafter. But why do low performance enterprises persist? Identify some examples and explain their survival.

What will be an ideal response?

Business

?Which of the following is an advantage of stock repurchases?

A. ?Stock repurchases signal that the stock is overpriced. B. ?Companies cannot distribute excess cash through stock repurchases. C. ?Stock repurchases are generally irregular in nature. D. ?Stock repurchases provide protection against a takeover attempt. E. ?Stock repurchases make it difficult to exercise employee options.

Business