management final

Maryna just purchased a BP gas station. Which of the following best describes her career.

sba

Which of the following is an example of on-the-job training?

Apprenticeship programs

Which of the following statements is correct? Budgets are limited to projecting cash inflows and outflows GAAP standards are used in budget development Budgets serve as the standard by which estimated performance is compared. Budgets serve as a planning and control tool

Budgets serve as a planning and control tool

Professionals who are responsible for gathering, recording, and interpreting the financial information of an organization are ____________ .

accountants

Professionals who are responsible for gathering, recording, reporting, and interpreting the financial information of an organization are ________.

accountants

Lisa is trying to start a new business. A women's business network puts her in touch with an investor who is willing to invest in her company in exchange for an equity stake. This investor is a(n) ________ .

angel investor

Which of the following statements best describes how entrepreneurs view failure?

as a learning experience

Which of the following financial statements shows a firm's financial position at a particular date?

balance sheet

All of the following are assets EXCEPT ____________ .

bank loan

Entrepreneurs rely on all of the following to fund their companies EXCEPT _________ .

bank loans

Amazon.com keeps track of goods its customers have ordered. When a returning customer logs onto Amazon.com, the site creates a list of recommendations based on the customer's purchasing history. How is Amazon.com segmenting the market? by end-use by demographics by product by psychographics

by product

The marketing of a social concern or issue is known as ___________ marketing.

cause

Dell Computer founder Michael Dell and Microsoft co-founder Bill Gates are two well-known examples of __________ .

classic entrepreneurs

Subaru offers a version of its Outback called the L.L. Bean edition. This is an example of __________ .

cobranded product

Standardization would be most appropriate for which of the following products?

commercial aircraft

the basic form of ownership

common stock

All of the following are internal sources of data EXCEPT ____________ . company product inventory unpaid bills company product sales competitor's sales

competitors sales

An organization's system of principles, beliefs, and values is called _______.

corporate culture

The process of dividing work activities into units is known as ________ .

departmentalization

Public accountants typically perform all of the following tasks for a business client EXCEPT

developing a firms market strategy

Concerning education and entrepreneurs, all of the following statements are correct EXCEPT:

didn't have the liability make them start their own business

According to Maslow, the desire to receive attention and recognition from others is a(n) _________ need.

esteem

Demitrius is scheduled for a 360-degree performance review at UPS. What advantage can he and the company gain from this review?

feedback from multiple perspectives

Local unions are typically organized by ____________ .

geographical area

Entrepreneurship is very strong among __________ , two thirds of whom desire to start and run their own business.

high school students

Leadership is most often associated with the ability to ____________ .

inspire others toward high levels of achievement

Collective bargaining encompasses all of the following issues EXCEPT _______ . employee seniority investor relations arbitration employee wages

investor relations

The organizational structure based on a direct flow of authority from the top manager to subordinates is the _________ organization. line functional matrix line and staff

line

In most firms, outsourcing begins with ________ .

maintence

Management is the process of achieving __________ through people and other resources.

organizational objectives

Bailey seeks cleaning products that are environmentally friendly and is willing to pay extra for a "green" brand. What is the main factor for Bailey's purchase?

personal determinants

Mona designs the packages and chooses the brand names for goods produced by her firm. Mona is involved in which part of the marketing mix? pricing strategy distribution strategy product strategy promotion strategy

product strategy

The ____________ is a collection of financial markets in which previously issued securities are traded among investors. super market primary market government market secondary market

secondary market

As the result of a hurricane heading toward the coastal area of North Carolina, residents rushed to purchase plywood to cover their windows. Retailers who carried plywood were operating in a __________ . buyer's market seller's market mixed economy regulated economy

sellers market

Conceptual skills are __________ .

skills that allow a person to understand how all the pieces of an organization fit together to accomplish its objectives

Malcolm, manager of a purchasing department, no longer requires his employees to obtain approval before making purchases under $10,000. Malcolm would be described as a ________ manager. traditional Theory Z Theory Y Theory X

theory z

Zachary buys a bond issued by the city of Atlanta. This is an example of funds being transferred from a saver to a user. 1.through the financial markets 2.through the government 3.funds being transferred from a saver to a user. 4.through a financial institution directly

through the financial markets

What is the first step toward an organization's path to success?

vision

All of the following EXCEPT _________ are important characteristics of entrepreneurs.

vision to make money

Data __________ refer to sophisticated customer databases that allow managers to combine data from several different organizational functions.

warehouses