Ch. 1-113 #1-75

Which of the following companies is involved in foreign licensing?

a European company that grants a company in Asia the rights to produce and sell its products

Under the line of credit, in a revolving credit agreement:

a bank makes a binding commitment to provide a business with funds up to a specified credit limit at any time during the term of the agreement

Raoul is an illiterate who does not have proper skills for any job. Raoul most likely started the diner because it offered _____.

a chance of survival

An example of a pure good is:

a dual-colored reversible jacket

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. Given this information, which of the following budgets did the company create?

a flexible budget

The United States goes through a period of recession because of continuous decrease in the nation's gross domestic product. The Fed intervenes and improves the situation by reducing the discount rate. This move by the Fed will result in:

banks obtaining funds at a lower cost

Kenneth prepares a PowerPoint presentation for the board meeting by adding only the essential information and discarding any unnecessary details that could confuse the board members. In the given scenario, which of the following communication guidelines is Jeffery following?

be concise

Dylan is a supervisory manager in the production department of a tea manufacturing company. In this scenario, it can be said that Dylan's company follows the ____ to budgeting.

bottom-up approach

In 1982, the total expenditure of the government of Kargenia, a European country, exceeded its revenue by a substantial amount. This forced the government of Kargenia to borrow funds to meet its legal obligations. In this scenario, the government of Kargenia incurred a _______ in 1982.

budget deficit

In the introduction stage of the product life cycle, companies are primarily focused on:

building customer awareness of the product

Allied Corp. is redesigning its path through which its products reach its consumers. The path involves producers, wholesalers, retailers, and customers. In the given scenario, it can be said that Allied corp. is redesigning its _____.

channel of distribution

Understanding the _____ begins with analysis of market share.

competitive market

Krempe Foods, a fast-food chain in Dallas, gives paramount importance to consumer feedback, Given this information, it can be said that Krempe Foods supports _______.

consumerism

The Securities Exchange Act of 1934 required all publically traded firms with at least _____ shareholders and $10 million in assets file quarterly and annual financial reports with the Securities and Exchange Comission (SEC).

500

Which of the following is a difference between dividends on stock and interest on bonds?

A firm has a legal obligation to pay interest on bonds, whereas it has no legal obligation to pay dividends on stock.

Westbro Inc., a home appliances company, wants to invest in marketing new products. Which of the following sources of long-term funds is being used by Westbro Inc. in the given scenario?

corporate bonds

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

Glasvania, a European country, experiences a period of economic downturn that results in high unemployment. This scenario exemplifies ______.

deflation

Bolve Technologies is a small-scale smartphone manufacturer. It is evident Bolve Technologies is engaged in _______.

direct response retailing

Torino Mex, a men's fashion boutique, is reowned for creating designer clothes for Latino Americans. Which of the following dimensions of the social environment is highlighted in this scenario?

diversity

In the context of business communication, which of the following is a tip for excellent email?

do not assume privacy

An advantage of franchising is:

easier access to funding

Lester owns a small law firm and has a 10-hour workday. Which of the following entrepreneurial characteristics is highlighted in the given scenario?

energy

In the context of history of American business, the ______ emerged in the second half of the 1880s, by building on the foundation of the industrial revolution.

entrepreneurship era

Rene's boss asks her to perform a social audit of the company following mass media's harsh criticism of the company's ethical standards. In this case, Rene will first:

establish the goals required to conduct the social audit

Lovine, a women-centric magazine, interviewed a victim of domestic violence. This scenerio exemplifies a(n)_____.

ethical lapse

______ remain constant regardless of how many products are sold.

fixed costs

Tanya Williams, the cheif executive officer of Willister Computers, believes that the firm is currently best equipped, This scenario of Willister Computers best illustrates ______.

foreign franchising

Which of the following is a difference between limited partnerships and limited liability partnerships?

In limited liability partnerships, all the partners actively participate in the management of a company, whereas in limited partnerships, only the general partners actively manage the company

Which of the following statements is true of cost-based pricing?

It determines the price by adding a fixed margin to the per-unit cost of a product

Which of the following statements is true of the economic environment of a business?

It is affected by corruption

The water authority of the metropolitan city of Bongkasea put up a sign near all public water taps that read the following "turn me off after use because I may not be free of cost in 2050." Which of the following marketing strategies does this scenario best illustrate?

idea marketing

In the context of creating and delivering successful verbal presentations, which of the following statements is true of dynamic delivery?

it begins and ends with preparation

Vendium, a high-end smartphone, is known for its excellenct audio quality and processing speed. However, In the context of business behavior, Vandium's business conduct is:

legal and unethical

_____ are ratios that measure the extent to which a firm relies on debt financing in its capital structure

leverage ratios

Regency Placade, a reowned European electronics company, wants to set up in Finim, an Asian country. In this scenario, which of the following most likely affected Regency Placade's plan?

limited access to factors of production

Baylaine is a company that sells affordable, low-end cell phones. Baylaine most likely establishes ____ with its customers.

limited relationships

Calidasth is a company that sells cosmetic products. Its retail outlets offer discount sales at the end of every season. In the context of customer relationship management, Calidasth most likely establishes _____ with its customers.

limited relationships

Freldine is a company that manufactures and sells differents kinds of mattresses. Freldine most likely establishes ______ with its customers.

limited relationships

Operos, a laptop manufacturing company, introduces three new colors- midnight blue. This scenario reflects:

line extension

In the context of business products, _____ consist of small-ticket items that businesses consume on an ongoing basis but do not become part of the final product.

maintenance products

The advantage of electronic communication networks (ECNs) is that they:

make it possible for investors to trade securities after the U.S. exchanges are closed

Sebastian is an employee at Plowell Inc. His duties include preparing reports and analyzing company data. Sebastian's role is that of a ____ in the organization.

management accountant

Richard has been following the information about a firm on a financial website. (P/E) Richard can conclude from this result that the company:

may have a growth in future earnings

The fixed cost of Widget Corp., a keyboard manufacturing company, is $600,000 per year. Widget Corp needs to sell _____ keyboards to make profits.

more than 40,000

_______ are market structures with one company as the supplier of a product because the nature of that product makes a single supplier more efficient than multiple, competing ones.

natural monopolies

Which of the following is most frequently used by the Fed to expand and contract the money supply in the economy?

open market operations

Urasil Mobil Corporation is a small petrochemicals firm. In this case, Urasil Mobil Corporation would trade its stocks in the _______.

over-the-counter market

Tyler Conner, a famous politician who supports the ruling party of the island country of Blavanka, endorses a publishing house named Cenzefor that he owns. Which of the following market strategies does this scenario best illustrate?

people marketing

The government of the South Asian nation of Albana is unable to maintain the electronics business effectively because of lack in management and lack of skilled employees. The sale of government-owned electronics business to Ramington Electricals is an example of ______.

privatization

Wanderboy, a company that manufactures travel bags and luggage, promises high-quality products to its customers in terms of durability, comfort, and performance. The company also ensures that it delivers on it. This scenario demonstrates that the company succeeds at delivering _____.

product consistency

LiteChoice produces six different flavors of sugar-free cookies for the diabetic population. The two kinds of products- the sugar free cookies and chocolates- that LiteChoice produces represent the ____ of the company.

product mix

In the context of business product categories, the marketing of component parts and processed materials emphasizes:

product quality, price, and service

Jim works in the marketing department of a smartphone manufacturing firm, Jim's ideas contribute to the _____.

product strategy

A health-drink company faces a lot of flak for misquoting the nutritional facts on its product packages. favorable impression about the company. This scenario exemplifies the use of:

public relations

Herbert gained most of the capital for his new start-up project by posting a small demonstration of his product on a website he created especially for the project. Many people showed genuine interest in his product and donated money to help him launch it. In the given scenario, Herbert:

received money for his venture through crowdfunding

Shell Enterprise is a soft toy manufacturer. It sells its toys to ToySpot, a company that sells a wide range of toys to the public at a single location. In this scenario, ToySpot is a _______.

retailer

Heleus Oil & Gas Company routinely performs emissions produced by its corporate operations and find new ways to reduce them significantly. In this scenario, Heleus Oil & Gas Company is tracking its:

scope 1 emissions

Kenneth is very particular about his investment decisions aand likes to perform an extensive market research before making any investment. He, however, To deal with this situation, he should hire a(n)______.

securities broker

Robert starts his presentation on business ethics by comparing the ethical policies of a business to an airplane ride without any turbulence. In this given scenario, Robert most likely uses a(n)_______ to open his presentation.

simile

In Fidaro, a North American country, punctuality is considered a sign of integrity. This exemplifies:

sociocultural differences

CappaStreet is a company that produces gourmet coffee, the people who live in the community where the company has its production unit are CappaStreet's:

stakeholders

Timothy, a staff member at a university, wants to purchase a house. As he does not want sufficient funds, he is forced to take a loan. Given his low credit score, it is highly unlikely that he will be able to repay the borrowed money. In this scenario, Timothy should apply for a(n)_____.

subprime mortgage loan

A cement compant decided to modify its production methods to minimize the negative impact, In the given scenario, the cement company most likely embraced the idea of _____.

sustainable development

The management of a fertilizer company decides to increase the company's cash flow by increasing its financing activities. In this context, the company is most likely to:

take short-term and long-term loans

In the context of strategies for reaching global markets, which of the following is a disadvantage of foreign outsourcing?

the adherence to ethical standards by foreign producers is at risk

Lint Port, an apparel company, offers personalized customer service in all its stores and engages in post-purchase communication to the feedback from its customers. In this context, which dimension of the business environment is affected the most?

the competitive environment

Elyon holds a savings account in Rochester City Bank in the United States. During an economic downturn, the bank suffers great losses. Which of the following laws ensured the protection of depositors from the bank's failure?

the glass-steagall act

Lawrence recently bought a new luxury car, but he is not completely satisfied with it. From the marketing point of view, which of the following concepts has contributed to Howard feeling satisfied with his car?

the perceived value of the car

In the context of monetary policy, if the Fed decreases the reserve requirement, __________.

there will be more loans available

Which of the following is a characteristic of limited liability companies (LLCs)?

they are made to pay an annual franchise tax in many states

Timothy wanted to start a coffeehouse. However, he could not buy a space to start his business because of lack of funds. Which of the following threats is highlighted in the given scenario?

too little money

Juxiplex, an electronics company, introduced a new range of smart phones. raw materials, Which of the following short-term financing options was used by Juxiplex in the given scenario?

trade credit

_________ has a high channel richness, and especially with state-of-the-art equipment, it conveys much of the richness of actually being there.

videoconfrencing

Xavi develops a cell phone battery that can be charger by solar panel and can run efficiently for up to three hours. In this scenario, which of the following entrepreneurial characteristics is Xavi demonstrating?

vision