bus1101

In the context of various funding options for small businesses, which of the following statements is a difference between angel investors and venture capital firms?

Angel investors are wealthy individuals, whereas venture capital firms are companies.

Richard is a wealthy and successful businessman who is well known for financing many successful start-ups. He has earned a sizable amount of profit by providing capital to start-ups in return for a share of their profits. In the given scenario, which of the following statements is true of Richard?

He is an angel investor.

Which of the following statements is true of the marketing era?

In the marketing era, the balance of power shifted away from producers and toward consumers.

Which of the following statements is true of offshoring?

It doesn't require outsourcing.

Which of the following is true of a goods and services spectrum?

It provides a tool for analyzing the relationship between goods and services.

Which of the following is true about new product development?

It requires an understanding of the customer base and involves creativity.

Only those who have a degree in business or marketing are eligible to apply for the position of content marketer at Amberfite, a public relations firm. In the context of human resource (HR) planning, which of the following concepts does this scenario best illustrate?

Job specifications

The finance and marketing departments of a company are required to collaborate on a project. However, the two teams face significant challenges while trying to communicate with each other because of the use of jargon specific to each department. In the given scenario, which of the following communication barriers do the teams face?

Language barriers

_________ refers to Federal Reserve decisions that shape the economy by influencing interest rates and the supply of money.

Monetary policy

After Rachel, a costume designer at a movie production company, completed her postgraduation in theater design, she was awarded a pay hike by the company. Which of the following variable pay systems does this scenario best illustrate?

Pay for knowledge

Jackson runs a chain of small retail stores called Wandmin that sells bottled water, fresh juices, desserts, and some snacks. All outlets of Wandmin are either in the middle of or at the end of walking trails in Jackson's hilly hometown, where several tourists go hiking. In the context of marketing, which of following utilities does Wandmin most likely provide?

Place utility

Which of the following tools does the Fed use to help protect depositors who may want to withdraw their money without notice?

Reserve requirement

Who among the following is most likely to benefit in a case where there is a strong dollar against a euro?

Ron, an American who is touring Europe

Which of the following is a feature of joint ventures?

Sharing of resources

Sloimekia is able to produce more of a particular variety of cloth than its neighboring countries. Sloimekia and its neighboring countries have the same amount of resources for producing this particular cloth. In this case, which of the following is definitely true of Sloimekia?

Sloimekia enjoys an absolute advantage in producing this particular cloth.

Demi loves playing online games. She surfs through many websites to find new, interesting games. One day she finds that her mailbox is filled with emails suggesting websites for online games and ads promoting a few online offers. In this scenario, a(n) _____ tracks Demi's computer behavior to send her targeted mails and ads.

Spyware

_________ is the quality and quantity of goods and services available to a population.

Standard of living

Rumerion Inc., a shoe manufacturing company, buys its raw materials from Coy Kaymilford, a footwear raw material supplier. Coy Kaymilford allows Rumerion Inc. to make the payment at a later date, as opposed to immediate payment. Which of the following short-term financing options is being used by Rumerion in the given scenario?

Trade credit

__________is a spontaneous financing granted by sellers when they deliver goods and services to customers without requiring immediate payment.

Trade credit

In the context of supply chain, which of the following statements is true of modes of transportation?

Transportation by planes is the fastest mode but has low flexibility in handling.

Sigborne Corp., a food and beverage company, commences its budgeting process by requesting the middle managers of the company to collect data from their respective departments and submit a consolidated report stating the needs of their departments. Harold, the manager of the packaging department, overstates the needs of his department. In this scenario, Harold is guilty of _____.

budgetary slack

Boncidio Inc., a cell phone manufacturer, introduced a new cell phone model. 85 percent of this phone is made from biodegradable materials. This product attracts customers who give importance to using environment-friendly products in their daily lives. In the context of social responsibility and technology, Boncidio best illustrates _____.

green marketing

Steven got arrested for stealing nearly two million dollars from a local bank. Using the Internet, he broke into the bank's computer and illegally accessed personal information and account details of the clients. In this scenario, Steven is a _____.

hacker

A pharmaceutical company wanted to create a budget that was practical and that would enable its managers to make more accurate comparisons between actual costs and budgeted costs. Thus, the company created a budget that was developed over a range of possible sales levels and was designed to show the appropriate budgeted level of costs for each different level of sales. Given this information, which of the following budgets did the company create?

A flexible budget

Connink, a software development firm, invested on developing new products from the company's earnings from the previous year. Which of the following sources of long-term funds is being used by Connink in the given scenario?

Direct investments from owners

__________is a vibrant, compelling presentation style that grabs and holds the attention of the audience.

Dynamic delivery

Who among the following is likely to enjoy job autonomy?

Esther, who has a free hand and authority in her role as project coordinator

In business-to-business (B2B) e-commerce, _____.

buyers and sellers often develop close and long-lasting relationships

Bancroft & Morrison Inc. as an organization believes that it should always be prepared for the future. Thus, while planning the budget each year, the senior management of the company leaves aside a portion of the company's earnings to be used in case the company deviates from its core plans or any unexpected events occur. In this scenario, the senior management of Bancroft & Morrison Inc. is engaged in _____.

contingency planning

Granite Inc. is a reputable company that has contributed a lot toward the social welfare of the people. It has also improved working conditions in its overseas factories and has cut its waste emissions by half. To highlight these achievements, the company can publish a(n) _____.

corporate responsibility report

The purpose of _____ is to protect creditors by preventing the borrower from pursuing policies that might undermine its ability to repay the loan.

covenants

Selena, a school teacher working at NSP Elementary School, plans the activities for the sports day of the school. She prepares a list of all the planned activities to be done on that day with time allotted for each activity and decides the sequence to be followed for the activities. This information could be used to construct a(n) _____ for her plan.

critical path

In the context of managerial accounting,__________are costs that are incurred as the result of some specific cost object.

direct costs

A premium brand of men's wear introduces a new range of dinner suits and licenses its franchisees to sell this product. However, the brand retains the production rights. This scenario exemplifies a(n) _____.

distributorship

Anaida is an entrepreneur who believes in providing equal opportunity to people regardless of their age, gender, race, or religion. She is open-minded and detests the idea of taking advantage of others. In the context of universal ethical standards, Anaida most likely possesses the core value of _____.

fairness

Maude worked as a lead animator in an animation company. However, she could not exercise her freedom while working on projects because she was bound by the decisions made by the company. Fed up with this, Maude quit her job and started an independent animation firm where she accepts only those projects that allow her a free rein in terms of creativity. In the given scenario, Maude most likely started her own firm because it offered _____.

independence

Huge factories replaced skilled artisan workshops during the _____.

industrial revolution

Dominic is the owner of Della Robotics, a business that deals in industrial robots that are mostly sold to the manufacturing industry. The strong point of Dominic's business is that he personally contacts his buyers and takes part in the negotiation process. Moreover, his company customizes the robots. In this scenario, the product manufactured by Della Robotics falls under the category of _____.

installations

Vandium, a high-end smartphone, is known for its excellent audio quality and processing speed. However, most of its users complain of certain technical issues after a period of five months. The company, however, is well aware of these issues because it deliberately designs these products to fail after a certain period—a strategy to generate revenue through service charges. In the context of business behavior, Vandium's business conduct is:

legal and unethical.

A__________is an organization with a flexible structure that brings together specialists from different areas of the organization to work on individual projects on a temporary basis.

matrix organization

Happta is a corporation with tax-exempt status. It has members but cannot have stockholders. Given this information, Happta is most likely a(n):

not-for-profit corporation.

The economy of Suielevia is under severe financial distress. Over the last few months, the economy has gradually picked up and the employment levels are slowly rising back to the normal levels. The consumers are also beginning to engage in regular buying activities. In this case, the economy of Suielevia is currently in the _____ phase of its business cycle.

recovery

Lucile, the head of a project, starts her presentation on the project by comparing each team member's work to that of a mountaineer climbing the highest peak in the world. In the given scenario, Lucile uses a(n) _____ to open her presentation.

simile

A(n)__________, a type of divestiture, occurs when a company issues stock in one of its own divisions or operating units and sets it up as a separate company—complete with its own board of directors and corporate officers.

spin-off

Anderson invested $1 million in a company called Ladmen Corp. He, therefore, has a personal interest in the company's profits and its new ventures. Given this information, Anderson is a _____ in Ladmen Corp.

stakeholder

Merchant wholesalers can develop their own marketing strategies, including pricing strategies, because they:

take legal title to the goods they distribute.

If Carl is a preferred stockholder at Cedia Inc., and Cedia goes out of business, Carl's claim on the firm's assets:

takes precedence over common stockholders.

Transparency International, a leading anticorruption organization, published its yearly index of "perceived corruption" across 168 countries in 2015. Its findings showed that:

the United States scored lesser than most of the European countries in the index of perceived corruption.

Aaron buys 300 shares in a tobacco company. Within a year, he receives a capital gain on his stocks. This means that:

the price of the shares soared in the market.

One of the major reasons India, China, and the Philippines attract multibillion-dollar investments is that:

they have a large cohort of technically skilled university graduates who work for about one-fifth the pay of comparable American workers.