Exam 2

Beverly works as a software engineer at Teloxel Ltd., a medium-sized company. While evaluating her company's information systems infrastructure, she finds that the current systems do not have the ability to process the company's growing information and data infrastructure. Beverly plans to suggest the use of powerful servers that will store applications, software, and databases for all employees to access via the web using either a laptop or a smart phone. Which of the following is Beverly most likely to suggest?

cloud computing

_______ is about money earned versus money spent, _______ is about how to allocate the money you have, and _______ asks the question: "What's the bigger picture when it comes to money?".

Finance accounting economics

_______ refers to all of the equipment and techniques used to manage and process information.

Information technology

The _____ is a web-connected ecosystem of everyday objects with network connectivity, including TVs, cars, household appliances, and wearable tech devices

Internet of Things

_______ planning is short-range, detailed planning that is based on long-range planning. It typically has a time frame that is less than one year long.

Tactical

Which of the following agencies regulates commercial banks?

The fdic

_______ is characterized by the fusion of the digital, biological, and physical world, as well as the growing utilization of new technologies and it has ushered in a new area of economic disruption with uncertain socio-economic consequences.

The fourth industrial revolution

_______ are groups of employees who share resources and coordinate efforts so as to help members better perform their individual duties and responsibilities. The performance of this group can be evaluated by adding up the contributions of the individual group members.

Work groups

Sarah believes in empowering the employees in her department. Sarah is most likely to be a(n) _____ leader.

democratic

When a company needs capital to purchase inventory, expand a plant, make major investments, acquire another firm, or pursue other business goals, it may sell a bond or stock issue to the investing public. This is done in the ______ market.

primary

The three principal tools of the Federal Reserve System are:

reserve requirements, discount rate, open market operations

Objects used as money must be ______ to be acceptable mediums of exchange.

scarce, divisible, portable, and durable

Angelo is part of a strategic planning team. He has identified that his company is a low-cost producer in its industry (i.e., it costs his company less than any other company to produce their product). This should be listed on a SWOT analysis as a(n) _____.

strength

The method used by accountants to keep the accounting equation in balance is called _____.

Balance sheet

Activities performed by HR managers to meet company objectives DO NOT include which of the following?

Bundling

Fiona, a senior manager at Technicolor Graphics, is highly respected for her ability to analyze and interpret the trends in the rapidly changing graphics industry. Fiona has effective _____ skills.

Conceptual

To be a high-performance team, a team:

All the above

Basic production management tasks DO NOT include which of the following?

All these are basic production process

Which of the following represents the accounting equation?

Assets = Liabilities + Owner's Equity

Conducting business transactions via the Internet is known as _____.

E commerce

Users of financial accounting reports are LEAST LIKELY to be:

Employees

Which of the following correctly defines big data?

It requires traditional processing applications.

The _______ of Amazon reads, "Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth's most customer-centric company, Earth's best employer, and Earth's safest place to work. "

Mission statement

The belief behind employee ownership is that it will:

Motivate employees to act more like partners than clock watchers

The two largest stock markets in the world are the ________ and the ________.

New York Stock Exchange; NASDAQ stock market

Cloud Computing is _____.

None of the above

Taco Bell does not chop the lettuce and tomatoes and grate the cheese used to make its menu items, but hires someone outside of the restaurant to perform these tasks. By _______ these tasks, Taco Bell can keep its overhead low and concentrate its resources on taking customer orders and assembling food.

Outsourcing

_______ is the process that converts inputs into outputs that can be sold as goods and services.

Production

Tamara is the owner of Baker's Dozen, a bakery with all perishable products. What will be her primary consideration regarding location?

Proximity to her market

Maxwell is not an employee of Southwest Airlines, but he was hired as a management consultant to provide unbiased advice about Southwest Airline's financial condition. Maxwell is a(n) _____.

Public accountant

Organized stock exchanges operate like a(n

Retailers? Wholesale

_______ leadership shares power, puts the needs of others first, and helps people develop and perform as highly as possible.

Servant

Mitchell works for a travel agency. Her job involves preparing financial reports and interpreting those reports to provide information for decision making. Which title is appropriate for Mitchell's job?

accountant

_____ refers to large or complex structured or unstructured sets of information that traditional processing applications are unable to analyze.

big data

Which of the following is NOT one of the four functions of management

budgeting

Brian, a senior manager at Transance Inc., ensures that every member of his team is involved in decision making for all projects. He conducts regular brainstorming sessions to discuss ongoing issues and encourages his team to suggest solutions as well as make decisions. In this case, Brian demonstrates effective management by _____ his subordinates.

empowering

An example of a provider of exceptional customer service is L.L. Bean, Inc. One of its employees actually drove 500 miles from Maine to New York to deliver a canoe to a customer who was leaving on a trip. The employee was able to perform this task with the support of L.L. Bean because the catalog retailer strongly believes in:

empowerment

The rapidly growing field of _____ involves investigating white-collar crimes such as business fraud, improper financial reporting, and illegal investment schemes.

forensic accounting

The Irving Bank of Commerce pools customer deposits and uses the funds to make loans to businesses and households. These businesses and households, now known as the borrowers, pay the bank interest, and the bank, in turn, pays depositors interest for the use of their money. Which of the following would best describe the process used by the bank?

indirect transfer

Reese works as a tax accountant at a mid-sized manufacturing company. Reese would be considered a _____.

management accountant

Spalding produces large numbers of golf balls all at once. Spalding puts the golf balls in inventory and distributes them around the world. Spalding uses:

mass production

Small businesses are defined by:

their number of employees and total dollar value of annual sales.

Data mining is the process of:

using computer-based technology to evaluate information in a database to identify useful trends.