Factoring refers to lending a lump sum of cash via a promissory note or on-demand
access without accepting any other securities.
If the Fed sells Treasuries in open-market operations, the country’s money supply
increases.
An S corporation has the federal taxation advantages of a partnership.
Nonunion employees typically receive greater benefits than union members.
When using reinforcement theory, managers try to encourage in a systematic way those
actions considered beneficial to the company.
The coordinated use of multiple modes of transportation is known as warehousing.
The fundamental motivational need called the “drive to defend” can be both positive
and negative.
The service sector now dominates the U.S. economy.
During a liquidity crisis, companies can’t get enough cash to meet their operating needs.
Socially adept managers have a knack for finding and building common ground with
people of all kinds.
Work rules specify such things as the tasks certain employees are required to do or are
forbidden to do.
If you have reliable income, sufficient assets and a good credit history, you would likely
qualify for a prime mortgage.
If customer demand for the goods or services sold by your franchise changes, you have
the ability to quickly adapt your business in response.
Which of the following is a drawback of David McClelland’s three-needs theory?
A) It explains motivation in limited contexts.
B) It has limited practicality in terms of identifying needs.
C) It is criticized because of the methodology used in the original research.
D) Subsequent research was unable to validate the model.
E) It is illogical.
The economic system that allows individuals the least degree of economic freedom is
________.
A) socialism
B) communism
C) capitalism
D) authoritarianism
E) mixed capitalism
When the U.S. dollar is strong, U.S. exports will likely ________.
A) become more competitive in foreign markets
B) cost more in other countries
C) be limited by the U.S. government
D) face embargoes in developing nations
E) be restricted by governments across the world
Matrix Electronics Inc. is a manufacturer of flash equipment for photography. The firm
has a discussion forum in its official website aimed at facilitating customers and other
audiences to connect with the company and with each other. Matrix Electronics Inc.
often invites professional photographers to join these discussion threads, to enable
budding photographers to better their craft. In this example, Matrix Electronics Inc.
uses ________.
A) conversation marketing
B) advocacy advertising
C) guerrilla advertising
D) sales promotion
E) product placement
Caltrex Manufacturing is a firm that manufactures surgical equipment. The company is
unionized and has only one union. The union insists that all the individuals should
become a member of the union before being hired by the company. This is an example
of a(n) ________.
A) intermediate shop
B) union shop
C) agency shop
D) open shop
E) closed shop
An S corporation ________.
A) combines limited liability of a corporation with the federal taxation advantages of a
partnership
B) does not have such advantages as limited liability of investments
C) does not split the ownership into smaller units
D) files income tax returns in a country other than the country of operation
E) combines limited ownership of a proprietorship with the capital-raising options of a
corporation
Money used or needed to set up a new business is ________.
A) an incubator fund
B) seed money
C) an initial public offering
D) public financing
E) an advisory board loan
________ funds attempt to maintain a desirable balance of risk and growth potential
based on a planned retirement date.
A) Balanced
B) Sector
C) International
D) Specialty
E) Target-date
Which of the following initiatives is most likely to be taken by a firm that aims to help
employees with disabilities perform activities that might otherwise be difficult or
impossible for them?
A) informally promoting glass ceiling
B) using job enrichment
C) investing in assistive technologies
D) using succession planning
E) promoting ethnocentrism
“Do what’s right, respect others, care for customers, and perform with excellence.” This
is likely to be an organization’s ________ statement.
A) vision
B) operational
C) tactical
D) values
E) mission
Systems that promote communication and data usage through the company or allow it
to offer new services to their customers are called ________.
A) research and development (R&D)
B) marketing strategies
C) product engineering
D) information technology (IT)
E) forensic technology (FT)
Which of the following statements is TRUE about physical distribution and logistics?
A) Physical distribution refers to the planning, movement, and flow of goods and
related information throughout the supply chain.
B) Forecasting includes a number of activities, such as recording the sale, making the
appropriate accounting entries, and billing the customer.
C) Containerized shipping restricts flexibility in transportation.
D) Air transport tends to be the cheapest method of transportation.
E) In a typical distribution center, goods produced at a variety of locations are collected,
sorted, coded, and redistributed to fill customer orders.
Orville Manufacturers produce a popular line of cola drinks called Pep-Up. In order to
promote the drink, the firm pays the producers of a popular television show to depict
some of the characters drinking Pep-Up drinks. In this example, Orville Manufacturers
uses ________.
A) integrated advertising
B) product placement
C) advocacy advertising
D) stealth marketing
E) push strategy
RS Bank provides short-term loans to small businesses. Many of the bank’s customers
take months to pay their bills. The bank often buys the companies’ accounts receivable
and pays them in return. This is an example of ________.
A) an unsecured loan
B) trade credit
C) a secured loan
D) factoring
E) a commercial paper
In response to the Great Depression, the ________ restricted investment banks and
commercial banks from crossing into each other’s businesses and potentially abusing
their fiduciary duties at the expense of customers.
A) Buckley-Gore Act
B) Smoot-Hawley Act
C) Gramm-Rudman Act
D) Dodd-Frank Act
E) Glass-Steagall Act
________ is a statement of a firm’s financial position on a particular date and is known
as a statement of financial position.
A) Cash flow statement
B) Balance sheet
C) Income statement
D) Expense report
E) Profit and loss statement
Do you think labor unions will survive in the long term? Frame arguments to support
your claim.
What is ethics? List the components of good business ethics?
What is the Dodd-Frank Act and why was it passed? What major points does
Dodd-Frank emphasize?
Consider an industry of your choice and compose and draft a collective bargaining
agreement with a firm in the industry and the labor union in the company.
Explain how democratic leaders function.
A company decides to remain highly leveraged to minimize the ownership shares.
Critically analyze this approach.
Compare and contrast the roles of top managers and middle managers.