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Theory Y-oriented managers believe that employees like to work.
Autocratic leaders allow subordinates to make all the decisions concerning their
performance.
SCORE is an acronym for the Service Corps of Retired Entrepreneurs.
The number of shareholders is limited to fifty in a limited liability company.
Like wholesalers, retailers face the threat of disintermediation if suppliers or customers
don't think they add sufficient value or if other types of retailers can do the job better.
An embargo is a complete ban on the import or export of certain products or even all
trade between certain countries.
When people work together toward a common goal rather than competing for
individual recognition, their efforts and energies tend to focus on the common good.
Loan-to-value (LTV) is commonly defined as the amount of a loan relative to a house's
assessed value.
Defensive stocks represent companies with earnings that tend to track the ups and
downs of the economy in a predictable pattern.
Selecting an individual for employment from a pool of job applicants is an example of
an interpersonal role of management.
Unlike a corporate board of directors, an advisory board has legal responsibilities.
Retail intermediaries collect valuable data about customer purchases: who buys, how
often, and how much.
Which of the following is an example of an asset-backed security?
A) a debenture issued by a reputed U.S. corporation
B) a derivative based on auto loans
C) a home loan issued by a bank
D) equity share of a U.S. company
E) a preference share issued by a U.S corporation
Gordon Glass is a large manufacturer of glass products. The company's product range
includes glass vessels, car glasses, mirrors and so forth. In order to raise money to open
a new plant in Alaska, the company issues corporate bonds. The bonds are unsecured,
but include the corporation's promise to pay an interest of 12 percent. The tenure of the
bond is five years and neither party can change the maturity date. These bonds are
examples of ________.
A) redeemable bonds
B) callable bonds
C) debentures
D) mortgaged bonds
E) collateralized bonds
________ involves donating money, employee time, or other resources to various
causes without regard for any direct business benefits for the company.
A) Philanthropy
B) Strategic CSR
C) Cap and trade
D) Sustainable development
E) Affirmative action
________ refers to using the brand of existing products on products in a new category.
A) Brand filling
B) Line extension
C) Line filling
D) Brand stretching
E) Brand extension
According to Bruce Tuckman's model, in the ________ stage, conflicts are resolved,
and team harmony develops.
A) forming
B) storming
C) norming
D) performing
E) adjourning
The Sarbanes-Oxley Act requires ________.
A) the board of directors to be comprised of at least fifteen members
B) external auditors to provide nonaudit services also
C) directors and executives to avail loans from the corporate
D) companies to publicize operational budgets
E) corporate lawyers to report evidence of financial wrongdoing
Retailers differ from wholesalers in that retailers ________.
A) sell products to small-business owners
B) sell products to wholesalers, government agencies, and educational institutions
C) primarily sell products to consumers for personal use
D) receive bulk shipments from producers
E) create possession utility
Grouping departments according to similarities in product, process, customer, or
geography is called ________.
A) network structure
B) virtual structure
C) matrix structure
D) functional structure
E) divisional structure
Union security refers to the measures that ________.
A) protect a union's right to represent workers
B) provide democratic rights within unions
C) protect employees' freedom of speech
D) disallow compulsory union membership
E) protect businesses against strikes imposed by unions
Which of the following types of unemployment is common in industries with
predictable increases and decreases in customer demand?
A) structural
B) frictional
C) intrinsic
D) seasonal
E) cyclical
________ are a form of financial assistance in which producers receive enough money
from the government to allow them to lower their prices.
A) Export subsidies
B) Embargoes
C) Tariffs
D) Sanctions
E) Export quotas
________ refers to the number of layers the chain of command is divided into from the
top of the company to the bottom.
A) Vertical structure
B) Horizontal structure
C) Hybrid structure
D) Line structure
E) Line-and-staff structure
FinSmart, a finance company, plans to construct a new office building which would be
disabled-friendly. The company also plans to make renovations to the existing office
buildings to incorporate changes that would make them safer and disabled-friendly.
Which of the following persons is most likely to be in charge of planning the new
buildings and maintaining them?
A) sales manager
B) facilities manager
C) human resource manager
D) logistics manager
E) distribution manager
In ________, the salesperson recites or even reads a stock message, with no regard for
the customer's unique circumstances.
A) canned sales pitch
B) prospecting
C) direct marketing
D) behavioral targeting
E) consultative selling
The ________ establishes procedures for creating geologic repositories of radioactive
waste.
A) Clean Air Act
B) Solid Waste Disposal Act
C) Toxic Substances Control Act
D) Nuclear Waste Policy Act
E) Resource Recovery Act
Businesses that need very large amounts of money, equipment, land and other material
resources in order to get started and continue to operate are ________ businesses.
A) service sector
B) labor-intensive
C) competitively-advantaged
D) not-for-profit
E) capital-intensive
Barbara owns a small florist shop that employs a couple of part-time floral designers.
She doesn't expect her business to grow much, but it provides her with a comfortable
income and she enjoys what she does. Barbara's business would be described as a
________.
A) mid-size enterprise
B) retail business
C) lifestyle business
D) high-growth venture
E) service business
Creating new products for new markets is called ________.
A) market penetration
B) vertical integration
C) diversification
D) horizontal integration
E) decentralization
Compare and contrast materials requirement planning (MRP) and enterprise resource
planning (ERP).
Compare and contrast order processing with warehousing.
Explain a balanced scorecard.
A country can protect its domestic industries by levying tariffs against imported goods.
The tariff makes the imported goods more expensive. It has been suggested that the
U.S. establish a tariff against imported labor as well. A company that offshores jobs in
pursuit of lower labor costs would have to pay a tariff or tax that would make that labor
more expensive, which may discourage further offshoring. Do you think this tax or
tariff would be a good idea? Why or why not? Do you think it would serve its intended
purpose of slowing down offshoring?
Compare and contrast insider trading and whistle-blowing.
Define the five major types of organization structure.
Compare and contrast commercial banks and investment banks.
