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All businesses have the capacity to cause harm to employees, customers, other
companies, their communities, and investors.
With a push strategy, the producer appeals directly to end customers.
Philanthropy involves social contributions that are directly aligned with a company's
business strategy.
Comparative advertising is useful whenever a company believes it has some specific
product strengths that are important to customers.
Micromanagement refers to overseeing every small detail of employees' work and
refusing to give them freedom or autonomy.
The amount of money or principle that the purchaser of a bond lends to the bond issuer
is known as its coupon.
Commercialization refers to the large-scale production and distribution of products that
have survived the testing process.
Unlike accounting tasks, for which there is a long tradition of outsourcing, the work of
financial managers is generally kept "in house," particularly in midsize and large
companies.
A stock split is performed if a company's management team believes that the firm's
shares are undervalued.
In an agency shop, employees aren't required to join the union but must pay the
equivalent of union dues.
Managers use a(n) ________ to identify the costs needed to accomplish a particular
project.
A) operating budget
B) project budget
C) master budget
D) capital budget
E) start-up budget
Discount stores differ from off-price retailers in that discount stores ________.
A) sell limited selections of designer labels at steep discounts
B) use e-commerce technologies to sell over the Internet
C) offer a limited range of convenience goods, long service hours, and quick checkouts
D) feature a wide variety of aggressively priced everyday merchandise
E) focus on specific products on a massive scale and dominate retail sales in respective
products categories
Alfa Knowledge is a knowledge management firm. The company helps organizations
document and manage internal knowledge. The company has operations in seventeen
countries.The demand for Alfa's products has been shrinking in recent times. This is
considered a(n) ________ for the company.
A) weakness
B) limitation
C) internal flaw
D) opportunity
E) threat
Abarma Chemicals produces various types of drugs. The company has a centralized
production facility in China. It manufactures standardized products and ships them to
various countries from China. The company's procurement, operations, and customer
service are controlled centrally from China. Abarma Chemicals is using a ________
strategy.
A) franchising
B) global
C) distributed
D) transnational
E) multidomestic
Corgo Inc. is a manufacturer of personal care products. It manufactures such products
as cosmetics, soaps, and toothpastes. The company has more than 4000 workers. In
order to pressure the company to give a pay hike, the labor union asks the employees to
avoid buying the company's products for their own families and relatives. This tactic is
known as ________.
A) injunction
B) lockout
C) strike
D) boycott
E) arbitration
A corporation's first offering of shares of stock to the public is called ________.
A) a public options proposal (POP)
B) a secondary stock offering (SSO)
C) a secondary equity offering (SEO)
D) an initial public offering (IPO)
E) an inaugural funding foray (IFF)
Small businesses can seek private financing in all of the following ways EXCEPT
________.
A) selling stocks and bonds
B) seeking angel investors
C) tapping personal savings
D) attracting venture capitalists
E) using credit cards and lines of credit
One significant advantage to using television for advertising is the ________.
A) entertainment carryover
B) high audience selectivity
C) long life for the message
D) short preparation time
E) low cost for production
The manager of a golf course awards a landscaping contract to his brother-in-law's
company, even though another company was willing to do the same work for less
money. This is an example of ________.
A) defensive CSR
B) code of ethics
C) conflict of interest
D) strategic CSR
E) ethical dilemma
Which of the following does an organization chart do?
A) depicts the attrition rate in the organization
B) depicts the costs incurred by the organization
C) shows lines of authority in the organization
D) shows the performance of the organization
E) shows the growth curve of employees
Which of the following is TRUE about decentralization?
A) It shifts decision-making authority to top management.
B) It reduces the number of overlapping capabilities.
C) It inhibits responsiveness.
D) It results in the creation of tall organizations.
E) It pushes decision-making authority down to lower organizational levels.
Massay Manufacturers, a toy manufacturing company, provides free consultation with a
professional dietitian who comes to the office premises every Friday. The HR
department also encourages employees with low immunity to avail the gym facilities
provided by the firm. Massay Manufacturers uses which of the following tools to tackle
the high health-care costs?
A) sliding-scale plans
B) health insurance buying groups
C) wellness programs
D) health savings accounts
E) high-deductible insurance
The money, computers, machines, tools, and buildings that a business needs in order to
produce its goods and services are called ________.
A) natural resources
B) human resources
C) capital
D) knowledge
E) entrepreneurship
The expected norms of behavior in a particular situation are referred to as ________.
A) etiquette
B) dependability
C) expectancy
D) energy
E) accountability
Lower interest rates will ________.
A) tempt people buy cheaper homes
B) lead to low prices of houses
C) boost the housing market
D) make the credit procedures stricter
E) have an overall negative impact in the housing market
Which of the following statements is TRUE regarding reinforcement theory?
A) Both positive and negative reinforcement encourage behaviors to be repeated.
B) Negative reinforcement is the opposite of positive reinforcement.
C) Positive reinforcement cannot encourage undesirable behaviors.
D) Reinforcement has to involve explicit monetary incentives to distort behavior.
E) Punishment encourages the repetition of a particular behavior by not offering
unpleasant consequences for the behavior.
The Magnuson-Moss Warranty Act (1975) requires complete written warranties in
ordinary language and requires warranties to be ________.
A) applicable for minimum one year
B) supported by the manufacturer
C) supported by the retailer
D) available before purchase
E) contained on package labeling
________ is a euphemism used to suggest that an organization is making changes in the
workforce to match its business needs more precisely.
A) Restructuring
B) Repositioning
C) Nearshoring
D) Work sharing
E) Rightsizing
Which of the following is a key advantage that corporations have over sole
proprietorships and partnerships?
A) Management is less likely to lose control of operations in corporations than
proprietorships and partnerships.
B) Reporting requirements of corporations are simpler than sole proprietorships and
partnerships.
C) Forming corporations involves less cost over sole proprietorships and partnerships.
D) Investments in corporations have more liquidity than partnerships and sole
proprietorships.
E) Corporations have a less complex structure compared to sole proprietorships and
partnerships.
Jackson Group, Inc. is an American multinational banking firm. It offers such services
as stock market brokerage, underwriting, and initial public offering. Jackson Group is
an example of a(n) ________.
A) merchant bank
B) credit union
C) thrift bank
D) private bank
E) investment bank
The term ________ is used to characterize the fluctuations in an economy's rate of
growth over a period of several years.
A) microeconomics
B) competitive pressures
C) cyclical machinations
D) business cycles
E) economic repercussions
Hybrid stores differ from pop-up stores in that hybrid stores ________.
A) exist for only a short time
B) combine different types of retailers in the same facility
C) require club membership
D) are designed more as attention-getting events than as ongoing retail operations
E) focus on specific products on a massive scale
________ lies somewhere between capitalism and communism, with a fairly high
degree of government planning and some government ownership of capital resources.
A) Totalitarianism
B) Liberalism
C) Authoritarianism
D) Socialism
E) Anarchism
Compare and contrast management accounting with financial accounting.
What are the seven general steps in personal selling?
Describe lean systems and just-in-time (JIT) inventory systems.
Explain the concept of adding value to satisfy customers and provide an example.
Explain the advantages of operating as a sole proprietorship.
Compare and contrast retirement plans with pension plans.
Compare and contrast job enrichment with job enlargement.
