BUSN FINAL QUIZZES

_____ is the process of guiding the development, maintenance, and allocation of resources needed to attain organizational goals.

management

The process of separating, identifying, and evaluating the layers of a market to identify a target market is called _________.

market segmentation

_____ is the process of coordinating and allocating resources to carry out an organization's plans.

organizing

_____ is the process of deciding what needs to be done to achieve organizational objectives; identifying when and how it will be done; and determining who should do it

planning

_____ planning is the creation of long-range, comprehensive objectives and the development of long-term courses of action.

strategic

Which of the following would be included on the income statement? assets, cash, liabilities, revenue

revenue

The ______ is a specific group of customers on whom an organization focuses its marketing efforts.

target market

How do you calculate gross profit?

Revenue - cost of goods sold

Which of the following best describes revenue?

Sales

Which financial statement would show investors a firm's revenue?

Income statement

A product can be a... good, service, idea, all of the above

all of the above

long term debt?

bonds

Which of the following is NOT a marketing activity? promotion, price, distribution, compliance

compliance

_____ is the process of ensuring that the organization's objectives are being met and of correcting deviations from the plan.

controlling

_____ is the efficient management of the acquisition of raw materials to the factory and the movement of products from the producer to industrial users and consumers.

distribution

Stock is which form of business financing?

equity

investment bankers

help companies raise long term financing

___________ are directive leaders who prefer to make decisions and solve problems on their own with little input from subordinates.

Autocratic leaders

_____________ power is derived from an individual's ability to threaten negative outcomes.

Coercive

___________ are leaders who solicit input from all members of the group and then allow the members to make the final decision through a vote.

Democratic leaders

___________ are Leaders who share decision-making with group members and encourage discussion of issues and alternatives; includes democratic, consensual, and consultative styles.

Participative leaders

Cost of Goods Sold is:

The cost to buy or produce a firm's goods

___________ power is derived from an individual's position in an organization.

legitimate

going public means

initial public offering

Debt requires the borrow to pay back the original loan plus:

interest