Into to Bussiness EHS 2
In a sole proprietorship, what percentage of the profits is the owner entitled to?
100%
Which one of the following is an aspect of quality controls?
All of these answers
Why do people have trouble making the "right" decision?
All of these answers
As member-owned institutions, credit unions focus on providing which of the following services?
All of these answers.
Businesses that are partnerships typically include which of the following details in the partnership agreement?
All of these answers.
Which of the following best describes the role of the FDIC in the United States financial system
All of these answers.
Which of the following product would be most difficult to price discriminate?
A bottle of water
A divisional structure, as the name implies, pertains to the separation of varying functional areas. Which of the following are NOT ways in which a divisional structure would separate?
Management style
A commercial bank is a type of financial institution and intermediary that engages in which of the following activities?
Merchant banking and private equity financing
A deposit account that pays a high interest rate and typically requires a minimum balance of $2,500 or more is called a
Money market account
Proactive marketing in which customers are directly contacted is called:
Outbound
A systematic and periodic process that assesses an individual employee's job performance and productivity is known as:
Performance appraisal
The biggest driver in the creation of direct banking models was the
World Wide Web.
What characteristics of an entrepreneurial economy allow it to achieve the creation of new ventures, sectors and industries?
a high level of innovation
Which of the following is NOT an advantage of starting a business?
a lack of involvement in day to day business activities
Southwest Airlines, among other multinational corporations, focus on what characteristic when hiring?
Attitude
Which of the following is NOT a trait that problem-based learning helps students to develop?
Individualism
What would a copyright be considered on a balance sheet?
Intangible asset
As part of the accounting equation, the claims of creditors are called:
Liabilities
What event, during the late 19th century, is responsible for first bringing about high productivity growth?
the Second Industrial Revolution
What are business strategy games most intended to enhance?
the decision-making skills of students
Immediately following the development of a prototype model, the company must:
Plan how to make the product in commercial quantities
Which of the following entities determine a company's or government's ability to pay back a debt and/or determine the likelihood of default?
Standard & Poor's
Which external factor enabled Netflix to effectively adapt and gain significant competitive advantages?
Technological factors
The one universal criterion for measuring the rate of success in production is:
The ability to produce surplus value
The "P" in Irving Fisher's equation of exchange represents which of the following?
The average price of all the goods and services sold during the year
Process-based forecasting is focused on which of the following?
The flow of several work activities
The greatest value of credit cards to merchants is:
The issuing bank commits to payment
The main purpose of managerial accounting is:
To be used within an organization
Market-oriented pricing can most accurately be defined as
A firm basing what they charge on what other firms are charging
Some policies of affirmative action have been criticized because they are seen to be:
A form of reverse discrimination
A quality audit can be best explained as:
A systematic examination carried out by an internal or external quality auditor
Which of the following is NOT a characteristic of accounting?
Accounting is an end in itself
Proponents of a network structure primarily underline which of the following characteristics as the core advantage of using this organizational structure?
Agility
The benefit of operational management is
All of these answers
Employees are often not given power by their managers because managers believe:
It is difficult to share power and maintain a strong organization
Which of the following is NOT true about revenue?
It is excluded from the income statement
Which of the following is true about Net Income?
It is typically found on the last line of an income statement
The method which provides information regarding the performance of new products in extreme settings is a:
Laboratory test
The main focus of business analysis is
Profit
Many companies today have a ________ focus.
customer
What is a consumer?
Someone who acquires goods or services for direct use or ownership rather than for resale or use in production and manufacturing
What is the main argument given by defenders of high executive pay?
US executive have more options than in other countries
Suppose a company brands its product with the picture of Planet Earth to convey their commitment to the environment. This is an example of which level of connotations?
Values
According to Perry Sainati, what has contributed to the remarkable recovery of the U.S. manufacturing industry?
automation, process improvement and quality
Before giving credit, prospective lenders and investors will assess individuals based on the value of assets the debtor currently holds. This is referred to as
capital.
With problem-based learning, students learn how decision making may be informed by ________.
competing resolutions
The Fed is able to change the composition of its assets quickly because the Fed's open market account is
composed mostly of U.S. Treasury securities with remaining maturities of one year or less.
A company, like 3M, could use operations management to provide competitive advantage in the marketplace by:
controlling the transformation process of the good.
Fiat money is defined as money that
derives its value from government regulation or law.
Which of the following factors has contributed to the rising global middle class?
developing economies coming on-line
Business writers who anticipate a positive response from audiences can use language that is more
direct.
Which of the following do communist societies tend to stifle, leading to difficulty in economic growth and development?
entrepreneurial spirit
An HR professional is generally expected to perform which of the following functions?
All of these answers
Which of the following is a potential improvement to a transport route?
All of these answers
Which of the following statement about financial planning is true?
All of these answers
Measurements which give "the rosiest picture possible" but do not accurately reflect the key drivers of a business are:
Vanity metrics
What is the economic growth strategy that promotes the attitude "more with less"?
resource performance
To ensure bank interest rates are competitive and that fees and features are appropriate for how customers use each account, individuals should
review existing bank accounts and shop around for the best deals.
Which consumer right asserts that consumers should be able to voice complaints and concerns about a product in order to have the issue handled efficiently and responsively?
right to be heard
Which consumer right asserts that consumers should receive a fair settlement of just claims, including compensation for misrepresentation, shoddy goods or unsatisfactory services?
right to redress
Which consumer right implies that products should cause no harm to their users if they are used as prescribed?
right to safety
Creditors will typically declare a credit card account a charge-off after a period of
six months without payment.
A company owned by the parent company or holding company.
subsidiary
What institution is empowered to exercise monetary policy in the U.S.?
the Federal Reserve
In which year was the Federal Reserve System created in the United States?
1913
A section of a large company.
division
What is the primary tool of monetary policy?
open market operations
If there is no increasing pressure from competitors, why would a company fill out a product line?
All of these answers
As demand increases, prices will _______.
rise
Suppose if Company X sells less than 500 water bottles every month, they will incur a loss due to the current selling price of $10/bottle. Assuming the company can only sell 250 bottles, how much should the company charge per bottle to break-even?
$20
Which of the following basic business processes has the Internet NOT been increasingly used for?
bookkeeping
Which of the following is NOT a typical perk offered by a company?
Free education for children
When a company allows workers to leave voluntarily without replacing them, it is called:
Attrition
One of the immediate side effects of moving towards a modular structure tends to revolve around disaggregation. What does this mean?
Breaking up into constituent parts, particularly categories which have been lumped together
Which of the following would be considered a G&A expense?
CEO salary
One of the critical requirements to coordination is a delicate balance between which of the following two structural concepts?
Centralization and decentralization
Which of the following is the most risky way to lend money to a company in terms of probability of repayment?
Common Stock
Individuals are empowered by holding skill sets that are needed by others in the company. Which of the following is a good way to increase empowerment through specialization?
Create autonomy through boundaries, and ensure open communication
Using psychological pricing, a company might charge $400 for a designer item because it:
Creates more demand
Which of the following is NOT a method suggested by the European Works Council to improve effectiveness of employee voice?
Detract from the recognition of your peers
Company A depends largely on utilizing different geographic regions in their operational procedures. As a result, which departmentalization strategy makes the most sense?
Divisional
The role of a transformational leader in a diverse organization should be to:
Encourage conflicting standpoints to coexist
Aircraft cargo is advantageous to train cargo because it is:
Fast
Assuming you only had figures for net sales and net fixed assets on hand. Which activity ratio would you use if you wanted to measure a firm's efficiency?
Fixed asset turnover
From the research conducted on innovation, which of the following is the most popular driver of innovation?
Improved quality
How does heightened flexibility benefit small organizations?
It allows quicker response times to industry developments.
Suppose that an experiment was conducted in which a rat was shocked every time it moved to the left side of the cage. This operant would be classified as a:
Punisher
Goods for which customers go to some lengths to compare values, and, therefore, these goods need not be distributed so widely are classified as:
Shopping goods
Which of the following is most likely to be the ultimate determinant of economic growth?
an institutional government that encourages free entrepreneurship
Which of the following trends of modern consumerism sees consumers becoming more and more aware of the environmental and social implications of their day-to-day consumer decisions?
ethical consumerism
An exchange rate that is quoted and traded today but for delivery and payment on a specific future date is referred to as a
forward exchange rate.
Which of the following has contributed to the job loss in the manufacturing sector, even while volume has continually grown?
increased productivity
In terms of supply and demand, what is the quantity of a product that people are willing to buy most dependent upon?
its price
Which of the following is NOT typical of information presented to students about the firm?
location of headquarters
What industry contributed to technological advances such as fundamental chemistry, railroads and steam engines?
mining
A company that owns or controls another company.
parent company
What process has allowed milk to be shipped without worry of spoilage?
pasteurization
The most important function of the beginning of the message is to
persuade readers to devote their full attention to the message.
Some economists argue that open market operations are ineffective due to the central bank's inability to
predict how much money should be in circulation, given current employment rates and inflation rates.