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A growing number of customers are pursuing strategic sourcing, in which they forge
closer relationships with a smaller number of strategic distribution partners.
According to a recent survey of the companies that make up the S&P 500 stock market
index, CEOs are paid roughly 20 times more than average workers are paid.
Preferred stock owners have no voting rights in a corporation.
The Dodd-Frank Act created the Financial Stability Oversight Council to monitor for
systemic risks.
Joint ventures are short-term partnerships between two or more companies to jointly
develop, produce, or sell products.
The measurability of direct marketing is one of its greatest appeals.
Prototypes are diagrammatic representations of a business model.
Capitalism is a term used to describe the free-market system, one in which private
parties own and operate the majority of businesses and where competition, supply, and
demand determine which goods and services are produced.
A company accused of irresponsible behavior that promotes itself as being socially
responsible without improving its business practices is said to have a cynical CSR.
According to Maslow, higher-level needs can serve as motivators even if lower level
needs are not yet met.
According to the concept of the network effect, the value of a product increases with the
number of customers who use it.
PERT diagrams are bar charts that show production managers what projects are being
worked on and what stage they are in.
A software firm buys 250 personal computers for a new facility that it is opening. This
is an example of an expense item.
Among all firms that apply for U.S. patents on new inventions, small businesses receive
13 times more patents per employee than larger firms.
The first step in the personal-selling process is uncovering needs and presenting
solutions.
Annual interest/closing price = ________.
A) current yield
B) maturity
C) coupon
D) par value
E) face value
A car dealer in Ohio has the rights to sell trademarked automobiles manufactured by
Armadillo Motors Inc., which does not have a distribution network in Ohio. The car
dealer purchases the automobiles from Armadillo Motors Inc. and then resells them in
Ohio. Which of the following models does the dealer use?
A) product franchise
B) joint venture
C) shakeout
D) vertical integration
E) intrapreneurship
________ is the potential to increase production by expanding or replicating its initial
production capacity.
A) Perishability
B) separability
C) Serviceability
D) Scalability
E) Capacity
Bookkeeping refers to ________.
A) the cost accounting component of accounting
B) analyzing financial information
C) preparing financial forecasts
D) the clerical aspect of accounting
E) performing profitability analysis for a company
Corporate officers of a company ________.
A) are hired by the board of directors of a company
B) have voting rights in directorial meetings
C) are hired by the chief executives of a firm
D) have voting rights on shareholding issues
E) are elected by the shareholders of the company
Which of the following expenses is classified as accounts payable?
A) electricity charges
B) sales commissions
C) employee salaries
D) interest on bonds
E) loans from banks
Julia is the product manager of an automobile manufacturer. She allots part of her duties
to her subordinates and involves them when making key decisions. She is receptive to
new ideas and accepts valuable ideas from others. Julia is a ________ leader.
A) autocratic
B) democratic
C) laissez-faire
D) directive
E) transactional
Skim pricing is used during the ________ stage of a product.
A) introductory
B) maturity
C) decline
D) growth
E) saturation
Experian, TransUnion, and Equifax are the three major consumer ________ in the
United States.
A) credit rating agencies
B) mortgage brokers
C) investment bankers
D) credit unions
E) finance companies
Jason is a financial analyst in a computer-manufacturing firm. Unfortunately, several of
his co-workers and superiors doubt Jason's professionalism. His manager feels that
Jason means well; however, Jason is unable to communicate effectively. Which of the
following tips is the manager most likely to give Jason to help him communicate more
professionally?
A) Give people general information, instead of providing only specific data.
B) Clarify how people will benefit from responding to your messages the way you want
them to.
C) Present personal opinions as facts so that you appear professional.
D) Avoid clarifying expectations and responsibilities to create a positive impression.
E) Use passive listening so that you can save time and easily use your filters to process
information.
________ value is an estimate of what a company is actually worth, independent of
other values.
A) Intrinsic
B) Face
C) Par
D) Book
E) Market
Which of the following statements is TRUE regarding motivational strategies?
A) Managers should use micromanaging to motivate employees.
B) Managers should avoid personalizing motivational efforts.
C) Managers must address workplace problems and conflicts slowly.
D) Managers need to adapt motivational tactics to circumstances and special needs.
E) Managers should avoid letting employees choose which opportunities and rewards
they want to pursue, as employees may not be capable of making the correct decisions.
Josephine would like to invest part of her Individual Retirement Account (IR
A) in the stock market, but she wants to minimize the risk as much as possible. Which
of the following is the most suitable investment alternative for Josephine?
A) financial futures
B) derivatives
C) options
D) preferred stock
E) commodities futures
Organizational purchasing differs from consumer purchasing in that organizational
purchasing ________.
A) is influenced more by subconscious and emotional factors
B) usually involves closer relationships between buyers and sellers
C) has lower complexity in product usage
D) lacks a formal buying process
E) is less clearly driven by economics
Workers in a country are unable to find jobs that match their qualifications and the
employers are unable to find employees with the skills required to perform the job. This
has led to ________ unemployment in this country.
A) frictional
B) seasonal
C) structural
D) cyclical
E) intrinsic
Which of the following federal actions is aimed at reducing the money supply in
markets?
A) The Fed liberalizes credit controls actions on loans.
B) The Fed buys treasury bills from the market.
C) The Federal Reserve raises the discount rate.
D) The Federal Reserve reduces the reserve requirement.
E) The Federal Reserve promotes new loans to small businesses.
Portfolio diversification is performed to ________.
A) protect against significant declines in any one vehicle
B) maximize the returns from any one vehicle
C) reduce the load that intermediaries charge
D) maximize the earning potential of a portfolio
E) maximize the earning potential of an investment vehicle
A ________ merger occurs when companies in unrelated industries join to form a single
entity.
A) product-extension
B) vertical
C) conglomerate
D) retail
E) market-extension
LK Manufacturing Group, a company that manufactures home appliances, supports a
community sports center to nurture the city's athletic talent as well as promote fitness
activities, without regard for any direct business benefits. This exemplifies ________.
A) strategic CSR
B) cap and trade
C) sustainable development
D) philanthropy
E) affirmative action
Which of the following is an advantage of working in a team?
A) Business teams encourage groupthink.
B) Teams improve flexibility and responsiveness.
C) Business teams can lead to more time being spent on decisions than necessary.
D) Influential teams can compete with the formal chain of command.
E) Teams lower the diversity of views.
Bell Laboratories, a pharmaceutical company, launches a new, over-the-counter drug for
pain relief. The firm supplies the new drug to pharmacies and physicians at a
discounted rate to encourage the retailers to carry the new product. In this example, Bell
Laboratories uses which of the following promotional strategies?
A) point-of-purchase displays
B) product placement
C) conversation marketing
D) trade allowances
E) premiums
________ are politically motivated embargoes that revoke a country's normal trade
relations status.
A) Subsidies
B) Tariffs
C) Sanctions
D) Quotas
E) Restrictive standards
________ is an escalating process of discipline that gives employees several
opportunities to correct performance problems before being terminated.
A) Collective bargaining
B) Labor relation
C) Progressive discipline
D) Grievance procedure
E) Total quality management
Which of the following is an example of a strength that companies possess?
A) prospective merger candidates
B) lack of regulations
C) respected brand
D) narrow customer base
E) increasing demand for products
Explain the various ways in which supply chain management (SCM) can have a
profound strategic impact on companies and the broader economy.
Explain how a firm conducts test marketing for a new product.
Compare and contrast mergers and acquisitions.
Compare and contrast different types of financial ratios.
What is money? What are its four financial functions?
Construct a trade plan that identifies the goods that the United States should produce
and import based on the classic theory of comparative advantage.
Compare and contrast mediation and arbitration.
Discuss some of the key responsibilities that employers have regarding employees.
Compare them with the responsibility they have toward consumers.
Why is the offshoring debate an excellent example of conflicting priorities in the
stakeholder model?
Dulbor is a manufacturer of automobile tires. The company requires such raw materials
as natural rubber, activators, and other chemicals. Total fund available to the company
in the current financial year is $500,000. Construct a financial plan for Dulbor. Make
the necessary assumptions.
