bus 10 final
a. balance of payments surplus
Brentia, an East Asian country, exported goods worth $50 million and imported goods worth $5 million in the last fiscal year. It also provided a loan of $25 million to another country. In this scenario, Brentia most likely had a in the last fiscal year.
Countertrade
Companies typically engage in to meet the needs of customers that don't have access to hard currency or credit.
chief executive officer
Conall is appointed by a nine-member board of directors of a real estate company to manage the company on a daily basis. The board ensures that Conall acts in a manner that is consistent with the interests of the stockholders. Given this information, Conall is most likely a .
a. intangible assets
In the context of balance sheets, patents, trademarks, and copyrights are examples of
He should set goals for the organization
. Eric, a senior-level manager in an information technology company, evaluates the company's competitive position to determine the company's long-term objectives. In the context of the strategic planning process, which of the following should be Eric's next step?
legal system
. In the United States, people come from such diverse backgrounds that establishing broad agreement on specific ethical standards can be daunting. In this situation, a given country's provides a solid starting point for examining ethical standards.
a. trade surplus
. Nersina, a European country, exports petroleum and imports cotton and jute. In the current fiscal year, the total value of Nersina's exports is higher than the total value of its imports. In this scenario, Nersina most likely has a _____.
Both divide markets based on consumer characteristics
. Which of the following is a similarity between demographic segmentation and psychographic segmentation
that significant tax consequences occur when there is a lot of trading.
A drawback of actively managed funds is:
a. Age bias
Denise, the head of the marketing team of a company, holds a team meeting to thank all employees for their active participation in the corporate social responsibility activities organized by the company. While addressing the employees, Denise is careful not to use words such as "young" and "old." Instead, she uses words like "energetic" and "dynamic" to express enthusiasm. Which of the following biases is Denise avoiding in the given scenario
A language barrier
Fiola is undergoing a special training session to understand the theory of relativity. Mark, Fiola's tutor, conducts the training sessions for her. Mark uses jargon, and this makes it difficult for Fiola to comprehend the theory. In this scenario, which of the following communication barriers is most likely interfering with Fiola's understanding of the theory?
defined in clear numerical terms.
In the context of goal setting in an organization, the most effective strategic goals are:
linked to a specific deadline
In the context of goal setting in an organization, the most effective strategic goals should be
utilities
In the context of key economic considerations when entering a foreign market, the energy infrastructure in a country most likely includes
human skills
In the context of management skills, middle-level managers need an especially high level of as they typically act as the bridge between departments, coordinating people and projects that sometimes have mismatched priorities.
a. people marketing
In the context of marketing strategies and tactics, sports, politics, and art dominate the category of
How can we reduce waiting times and facilitate interactions?
In the context of physical distribution, which of the following is a key management decision regarding customer service?
They know their customers inside and out
In the context of protecting your start-up, which of the following statements is true of growth hackers?
a. Confidence
Jenna left her job as an analyst in a reputed company to start her own event management company at a time when event management was not in vogue. She was bold enough to take this step despite knowing the amount of risk involved. Which entrepreneurial characteristic is highlighted in the given scenario?
supermarket
Nexi 10 is a store retailer that offers a wide range of food products, such as meat, vegetables, dairy products, and baked goods at a single location. In addition to food products, it also offers a variety of household products and personal care items. In this scenario, it is evident that Nexi 10 is a
limited relationships
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
foreign outsourcing
Quistor Inc., a company based in the country of Waltefa, contracts with a small-scale supplier in the country of Carlesna to manufacture its computers and tablets that are sold across the world. This strategy by Quistor Inc. illustrates .
the balance of trade
Romernia, an Asian country, imported goods and services worth $700 million in the last fiscal year. It exported goods worth $400 million in the same year. The difference in the value of Romernia's imports and exports is known as _.
a. lack permanence.
Since sole proprietorships are extensions of their owners, they:
a. Flexibility
Suresh quits his nine-to-five job at a multinational company and starts his own event management company. In his new company, he does not practice a nine-to-five work regime. Instead, he organizes meetings with clients by making appointments that favor his schedule. Which of the following advantages of entrepreneurship is highlighted in the given scenario?
illegal and unethical
The chairman of a welfare organization asks an employee to head a fundraising activity. The employee, however, embezzles $250,000 from the funds raised from the activity and falsifies financial records. In this scenario, the behavior of the employee is .
relative
Universal ethical standards can solve the problem of too many people viewing ethics as
a. An Asian country that increases its production of sugar by decreasing its production of cocoa
Which of the following countries exemplifies the concept of opportunity cost?
place marketing
Which of the following marketing strategies can be best employed for attracting tourists
a. Pipelines
Which of the following modes of transportation provides the highest on-time dependability?
It is absolutely crucial for obtaining outside funding
Which of the following statements is true of a business plan?
They are additional goods or services that are attached to the main purchase or actual good.
Which of the following statements is true of augmented products?
Loyal customers provide valuable feedback.
Which of the following statements is true of customer loyalty?
an ethical lapse
In the context of business ethics, involves clear misconduct, unlike an ethical dilemma that involves a conflict of values.
improve efficiency by eliminating duplication of facilities and personnel
In the context of corporate restructuring, a common objective of a horizontal merger is to
It is often expressed as a percent
In the context of fixed margin pricing, which of the following statements is true of the profit margin?
There was a loss of personal pride in the production process.
In the context of the history of American business, which of the following statements is true of the industrial revolution
a. It can train consumers to buy only when products are on sale.
In the context of the various pricing strategies, which of the following statements is true of high/low pricing
building customer awareness of the product
In the introduction stage of the product life cycle, companies are primarily focused on:
a. respect
Rudolf, a Polish manager in a company based in China, is admired by his colleagues for the way he interacts with people, his considerate nature, and his tolerance toward other cultures. In the context of universal ethical standards, Rudolf possesses the core value of .
corporate philanthropy
Jessica Marshall, the CEO of ABD Oil Drilling Inc., decides to set aside an amount of $10,000 from the company's annual profits to donate to local nonprofit organizations although the company already meets the mandated government requirement of contributing 4 percent of the company's revenue for social benefits. This donation by ABD Oil Drilling Inc. is an example of:
Startling Statistic
Kimberly starts a presentation on child safety by sharing that "more than 200 million children today are child laborers, and 73 million of these children are below 10 years. Can we do anything about these numbers?" This makes the audience attentive and responsive throughout the presentation. In the given scenario, which of the following types of hooks does Kimberly use to open her presentation?
Has the management generated a strong-enough return on their investment?
Which of the following would most likely be a question asked by the stockholders of a firm?
exploited a small but profitable market niche
Loren LLC is a small bicycle store that competes effectively with much larger companies as its focus lies exclusively on selling bicycles for senior citizens and patients with orthopedic ailments. The company has been successful as it has:
Personal credit cards
Mabel has a business idea of starting a store that would only sell hair products. Although she needs to raise capital to start her business, she does not want to share the ownership of her firm with anyone else. With a good appetite for risk, which of the following financing resources would be most ideal for her to start her business
merchant wholesaler
Merc Enterprise is an independent distributor that distributes coffee machines and water purifiers to firms on a large scale. In addition to taking legal possession of the goods it distributes, the company also provides a complete array of services that includes warehousing, shipping, product repairs, and credit to its business buyers. In this scenario, it can be said that Merc Enterprises is a(n) .
Technological Environment
Ryron Bank, a private bank, introduced Internet banking facilities for its customers after the government demonetized hundred dollar bills. Customers who were reluctant to use credit cards for their daily purchases were enthusiastic about this new option. In this context, which dimension of the business environment is affected the most?
management accountant
Sebastian is an employee at Plowell Inc. His duties include preparing reports and analyzing company data. He also appraises financial performances and verifies the accuracy and validity of the company's internal records. In this scenario, Sebastian's role is that of a in the organization.
Ownership utility
Spalkyn, a footwear company, allows its customers to shop online on its website or mobile app or at its physical stores. At the company's physical stores, customers are given the option to pick up their products or have them delivered. In the context of marketing, which of following utilities does Spalkyn most likely provide?
a. Industrial titans created enormous wealth that raised the overall standard of living across the country.
In the context of the history of American business, which of the following occurred during the entrepreneurship era?