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A product is called a good if ________.
A) its price is below the market standards
B) it is predominantly tangible
C) it has been standardized
D) it is sold directly to the end consumers
E) its price is above the market standards
Which of the following markets includes exchange trading and over-the-counter
trading?
A) derivatives market
B) bond market
C) money market
D) stock market
E) currency market
Which of the following is a characteristic feature of economic contraction?
A) decreased unemployment rates
B) decreased consumer spending
C) increased income
D) increased employment
E) increased demand
China imposes duties on automobiles imported to China. This is an example of a(n)
________.
A) import sanction
B) tariff
C) import quota
D) embargo
E) restrictive import standard
________ are organizations, often not-for-profit, that lend smaller amounts of money to
business owners who might not qualify for conventional bank loans.
A) Angel groups
B) Venture capitalists
C) Angel investors
D) Microlenders
E) Franchises
4Learning is a firm that sells learning solutions to customers. The company identifies
the training needs of organizations and designs flash-based online training-programs for
them. The company has recently received an order to create product training platforms
for an electronic manufacturer. The company creates a budget specifically for this order
to determine the pricing of the project. This budget is an example of a ________
budget.
A) operating
B) capital
C) project
D) master
E) start-up
Which of the following refers to creating variations of an existing product?
A) brand extension
B) line filling
C) brand filling
D) line extension
E) line stretching
Providing leadership to employees is an example of a(n) ________ role of management.
A) interpersonal
B) communicative
C) instructional
D) decisional
E) informational
An employee who focuses on the needs of the team members over the task needs
assumes the ________ role.
A) nonparticipator
B) socioemotional
C) dual
D) task-specialist
E) informal
Which of the following ratios is used to measure a firm's short-term liquidity?
A) accounts receivable turnover ratio
B) inventory turnover ratio
C) quick ratio
D) debt-to-equity ratio
E) equity-to-debt ratio
Mark works in a small advertising firm as a graphic designer. He is part of a team
consisting of five graphic designers who have been working together for several years
and have high group cohesiveness. The firm hires a new graphic designer who is a
fresher. Mark's team members often bully the new hire, and burden him with excessive
work. Mark supports his team members due to peer pressure, even though he feels their
behavior is unethical. This is an example of ________.
A) whistle-blowing
B) centralization
C) decentralization
D) groupthink
E) social comparison bias
Celera Inc., a soap manufacturing firm based in Colorado, needs to raise capital to fund
its product development plans. The firm decides to offer its shares of ownership to the
public for the first time, and lists its securities on a public exchange. This is termed as
________.
A) a private placement initiative (PPI)
B) a secondary market offering (SMO)
C) a secondary equity offering (SEO)
D) an initial public offering (IPO)
E) an international funding foray (IFF)
In a team, people who focus on work-related accomplishments over human needs, and
help the team reach its goals are said to assume the ________.
A) task-specialist role
B) nonparticipator role
C) dual role
D) socioemotional role
E) people-oriented role
Money serves as a ________ when it is used as a way of accumulating wealth until it is
needed.
A) unit of accounting
B) means of payment
C) temporary store of value
D) medium of exchange
E) standard of deferred payment
The ________ function of a business involves the recruiting, hiring and support of its
personnel.
A) operations
B) finance
C) human resources
D) accounting
E) information technology
Five college graduates decide to open a laundry service company. They import six
commercial washing machines from Italy to set up a factory. In this case, the
commercial washing machines are best referred to as a(n) ________.
A) capital item
B) shopping product
C) expense item
D) convenience product
E) specialty product
________ are full-service merchant wholesalers that set up displays in retail outlets,
stock inventory, and perform other services such as marking prices on merchandise.
A) Rack jobbers
B) Agents
C) Brokers
D) System integrators
E) Value-added resellers
Which of the following is an internal source for obtaining funds for business?
A) issuing corporate bonds
B) unsecured loans
C) factoring
D) commercial papers
E) selling assets to obtain revenue
Explain the major disadvantages of incorporating a business as a corporation.
Choose a country that follows strong protectionist policies. Construct a document, to be
presented in an international conference, that supports the country's stand in foreign
trade.
Choose a business that you want to launch. Construct an investment plan and estimate
the break-even point for the business.
Compare and contrast blue chip, income, growth and cyclical stocks.
Compare and contrast secured loans and unsecured loans.
Discuss the processes involved in training and developing employees.
Compare and contrast positive reinforcement with negative reinforcement.
