exam!!!

an import lesson from emperor's club "you don't have to be an active participant to be unethical. example of is...

Mr. Hundert's tuning blind eye to Sedgewick Bell's veb.

All of the following represent assets except

a bank loan

Marketing is not manipulating customers into buying things they do not really want, it is.........

a systematic approach to satisfying customers

___________ means digital communications allow consumers to find information about competing products, prices, and reviews and become more informed about a firm and the relative value of its products.

accessibility

Which of the following financial statements best represents the accounting equation?

balance sheet

executive summary is

both cover letter for business plan, 1st thing investors will read

when the decision of company are very risky and low-level managers lack decision-making skills, the company will tend to

centralize

which of the following is an example of nonprofit

special olympics

When inflation is very high, money is no longer a __________________ means of exchange.

stable

a business is individual or organization who try to earn a profit by satisfying people's needs

true

an organization's structure develops as managers assign tasks to work groups and specific individuals and coordinate the diver activities required to attain organizational objective

true

in tennessee, non-profit board of directors have a legal usability for decision made by employees and operations of the non-profit

true

one argument against social responsibility is that sone people question whether business has the expertise needed to assess and make decision about social problems.

true

top managers focus on strategic decisions to use resources to take advantage of opportunities

true

A marketing strategy is a plan of action for developing, pricing, distributing, and promoting products that meet the needs of specific customers.

truq

shortest path to failure in business is

undercapitalization

All of the following are ways to invest idle cash for the short term except

unsecured loans

are typical resource that must be acquired by each organization in the pursuit of its objectives except

-people, raw materials and equipment, money, information (not Laws and regulations)

Smart

-specific, measurable, attainable, relevant, timely

_________occurs when an employee exposes an employer's wrongdoing to outsiders, such as the media or government regulatory agencies

whistle blowing

Only businesses use accounting information to demonstrate how their funds are being used.

false

Secondary data are information observed and recorded or collected regularly from sources inside and outside the organization.

false

Sole proprietorships have the least freedom from government reglulalion

false

The characteristic of addressability means digital communication allows consumers to find information about competing products, prices, and reviews and become more informed about a firm and the relative value of its products.

false

The par value is the interest rate on a bond.

false

all groups are teams, but not all teams are groups

false

multinational strategy is a strategy that involve standardizing products for the whole world like a single entity

false

The role of promotion is to communicate with individuals, groups, or organizations to facilitate an exchange directly or indirectly.

true

if an employee is involved with transforming resource into goods and services then he is

operation management

from an operations perspective, food sold at a restaurant and services provided by a plumbing company are

outputs

When a computer company initially charged a low price for a new computer and then raised the price after gaining a large market share, it was using which pricing strategy?

penetration

taking someone else's work and persecuting it as your own without mentioning the source is know as

plagiarism

If a company's goal is to develop an image of having very high-quality luxury products, it should employ a

prestige pricing strategy

In the music industry, what did our guest feel like would be extinct in approximately the next five years?

record labels

when a non-profit dissolve its business, profit must be

rolled into another non-profit

A marketing channel includes all of the following except

secondary stakeholders

teams

share leadership and create collective work products

which economic system can be described as the government owns and operates major industries while individuals own small businesses

socialism

Two common means of financing with long-term liabilities are: equity financing and debt financing.

true

It is likely Sedgewick's turing point to begin taking work seriously was Mr. Hubert's belief in him; turning back was when Mr. Hubert did not epos him

true

Management is a process designed to achieve an organization's objectives by using its resources effectively and efficiently in a changing environment.

true

Marketing creates value by allowing individuals and organizations to obtain what they want and need.

true

Rapid advances and technological innovations are requiring the banking industry to change.

true

The accounting cycle collects, records, and analyzes raw data constantly through the business's life cycle.

true

The emperor's club, a lesson could early be learned that "the past is the best predictor of the future" when watching Sedgewicks behavior

true

Which of the following is a downside to digital media?

Employees waste time at work on social networking sites and downloading music X

primary problem with trade deficit

country exports more than imports

If you need to increase a Property account, you would write a journal entry with a _____________ to that account.

debit

Another name for a checking account is a

demand deposit

Conducting _____ means carrying out the goals of business through the use of the Internet.

e-busines

which is not a means of formally expressing an organization's culture

employee dress codes

the price at which the number of products that businesses are willing to supply equals the amount of products that consumers are willing to buy at a specific points is

equilibrium price

an _______ is an identifiable problem, situation, or opportunity that requires a person to choose from among several actions that may be evaluated as right or wrong. ethical or unethical

ethical issue

least amount of foreign investment

exporting

A corporation may only be publically owned

false

Advertising is direct, two-way communication with buyers and potential buyers.

false

As an artist, Ms. Zonn felt that pandora and spotify were advocates for artists being paid a fair wage for the airtime given to them?

false

Certificates of deposit are accounts with funds that usually cannot be withdrawn without advance notice and/or have limits on the number of withdrawals per period.

false

What was the one tool that Ms. Carson mentioned was one of her greatest tools when launching a project, confirming a target market, starting a new web or social media ad campaign and any number of other uses?

google analytics

the development of a performance-appraisal system is primarily the concern of

human resource management

Money has all the following characteristics except

intangibility

A______ has act least one general partnership with assumes unlimital liability, and at least one united partner whose liability is united to his/her business

limited partinership

Plants, offices, and equipment are considered

long-term assets

Because having idle cash on hand is undesirable, a manager may choose to invest in

marketable securities

Acme Inc. is surveying customers as to what kinds of services they would like the company to add. It is involved in the marketing function of

marketing research

which of the following is an informal communication channel

the grapevine

having analytical skills means that a manager is able to do all of the following except

think in abstract terms

A general business involves a complete charing in the management of a business

true

A marketing channel is a group of marketing organizations that move products from producers to consumers.

true

Accounting is the recording, measurement, and interpretation of financial information.

true

All business transactions can be classified as assets, liabilities, or owner's equity.

true

All partners are responsible for the business actions of other

true

From a personal finance point of view, it is a good idea to never spend more than you make.

true