Business Management Quizzes 1-5

an ad valorem tariff.

A tariff that is based on the value of an item describes

the Internet.

Electronic business (e-business) involves achieving management goals through the use of

protective tariffs

Some Americans argue that should be used to keep domestic wages high and unemployment low.

licensing company names, products, and patents.

The functions of a trading company include all of the following EXCEPT

The suspension of trade in a particular product by the government

What is an embargo?

Oral communication

When you verbally tell your work team that the job needs to be completed by noon, and they all agree this means 12:00 p.m., you have used which of the following specific management skills?

Exporting that involves bartering products for other products instead of for currency

Which of the following characteristics relates to countertrade agreements?

All organizations with business operations in the United Kingdom can be held liable for bribery, even if the bribery did not occur within the United Kingdom.

Which of the following characteristics relates to the U.K. Bribery Act?

An environmental interest, possessed by outside groups

Which of the following is NOT a basic stake in an organization?

Organization size

Which of the following is NOT a main component of an organization's culture?

Strategic alliance

Which of the following refers to a partnership formed to create competitive advantage on a worldwide basis?

Stakeholder

Which of the following refers to a person or group that can affect, or is affected by, an organization's goals or the means to achieve those goals?

Gross domestic product (GDP)

Which of the following refers to the market value of a nation's total output of goods and services for a given period?

Effectively

Which of the following refers to using resources in a way that produces a desired result?

outsourcing

You are the executive vice president of Banana Computer, Inc. You have a competitive machine, but your major competitor has the benefit of large-scale production, making its products less expensive to manufacture. In order to remain price-competitive, you send your parts and subassemblies to Mexico for the final stage of assembly, thereby taking advantage of

Adopt a more appealing name

You are the operations manager of the North American division of a Brazilian soft-drink maker. Its newest product is Yukka Cola, which is flavored with an extract of the yucca plant. The new drink has received less than enthusiastic reception. What would you advise?

long; very quickly

According to Hofstede's cultural dimensions theory, some national cultures like Japan have a very time horizon, while other countries, such as the United States, want things to happen .

prohibition of foreign investment

According to the text, many foreign nations have laws that are different from those in the United States, including all of the following EXCEPT

make decisions about the organization's resources.

In terms of the organization and its resources, managers are individuals who

sociocultural differences.

The translation of product names can be a crucial factor in the success or failure of a foreign marketing effort because of

body language.

Understanding that Arab businessmen tend to stand face to face with the object of their conversation reveals the importance of knowing another culture's use of

Managers concerned with the direct production of items or delivery of service

What are lower or first-line managers?

Influencing others' activities to achieve set goals

What is meant by leading?

A global association of member countries that promotes free trade

What is the World Trade Organization (WTO)?

Mexico.

All of the following are referred to as industrialized nations EXCEPT

hard-core unemployed.

An area in which businesses are beginning to take more responsibility for training and placement is with the

goals and objectives important to them

As defined in the text, organizations are groups of individuals who work together to achieve

maquila

If a Mexican plant assembles, processes, or repairs components for a U.S. company, on which the company pays a tariff only on the value added to the product in Mexico, the Mexican plant is a

impolite.

In Japan, if a businessperson failed to bring a gift to a prospective client on their first meeting, he or she would be considered

different styles of native dress.

Leading is an especially complex task for managers working outside their own country for all of the following reasons EXCEPT

based on observation and very specific activities.

Mintzberg's description of the roles that managers actually perform is probably most valuable because it is

rites and rituals

The all-expenses-paid trip to Belgium that Colorado-based sustainable brewery New Belgium offers to 5-year employees is an excellent example of an organization's

homogeneity and change.

The external environment is usually thought of as differing on two basic dimensions:

finance managers.

The group of managers that is concerned with the value of the assets of the organization and the wisdom of investment strategies is

Controlling

The manager of the Boston Red Sox notices that his outfield star, Fenway Fred, has gone hitless in his last ten at bats. Which management function is he performing?

let the buyer beware

The phrase caveat emptor means

Japan

The poorer and less economically advanced, less-developed countries, characterized by their low per capita income, include all of the following EXCEPT

Production and operations managers

What name is given to managers who schedule and monitor the work process that turns out the goods or services of the organization?

Southern Common Market

What name is given to the political and economic agreement among the countries of Bolivia, Argentina, Brazil, Venezuela, Uruguay, and Paraguay?

Organization of Economic Cooperation and Development (OECD)

What term describes an international economic organization comprised of 30 countries that accept the basic principles of free-market economies and representative democracy, and that recommend and promote policies to improve the well-being of consumers and societies across the world?

Infrastructure

What term describes the physical facilities that support a country's economic activities, such as railroads, highways, ports, airfields, utilities and power plants, schools, hospitals, communication systems, and commercial distribution systems?

appropriate information processing. the complexity of information gathered.

When John Scully, former CEO of Apple Computer, said, "The issue is how do I get all the information I want without getting all the other junk that is out there," he was talking about

contract manufacturing

When Reebok has some of its athletic shoes produced by a Korean company, but the Reebok name still appears on the shoes, this illustrates

an interpersonal role.

When a manager engages in activities that involve interacting with others who may be external or internal to the organization, and at the same or different level as the manager, he or she is performing

conceptual skills

When a manager reasons well, processes information intelligently, and evaluates which strategic option is potentially most profitable, he or she is displaying

technical skills

When the manager of the accounting department has the knowledge to answer his employees' questions about current tax regulations, he is displaying

a joint venture

You are the vice president of sales of Walker Shoe Corp., manufacturer and marketer of high-quality durable shoes. You would like to gain a foothold in the developing market in the country of Bengala, but lack the resources and expertise. The Bengalese government has made an offer to share the cost and operation of the project. This is an example of

Foreign Corrupt Practices Act

You are working for a U.S. oil producer in the tiny oil-rich kingdom of Freedonia. It is the local business practice to provide payoffs in cash and expensive gifts to government officials for the right to extract crude oil for export. To engage in this practice would be a violation of the

Decisional

You develop a new method of assembling cardboard boxes at the Carlton Cardboard Box Company that requires two new computerized box-gluers but saves the firm a thousand square feet of space. What general managerial role category do your actions fall into?

Division of labor, or specialization

You own and operate your own hamburger stand. One of your employees makes the hamburger patties, a second grills them, a third slaps them in buns, and a fourth sells them to customers. You are utilizing what management concept or theory?

Assertiveness

Your boss again asks you to complete three projects simultaneously, but you tell him the last time he did this you got a headache. You ask him to assign you one at a time, and he agrees. What specific management skill have you displayed?

the overall moral climate of your organization.

Your fellow employees regularly take home company supplies such as paper, pens, tape, and glue for their personal use. Although you feel it is wrong to do so, you begin taking home company supplies too. The strongest influence on your behavior is