MOB 649 Midterm

subject Type Homework Help
subject Pages 21
subject Words 5143
subject Authors Courtland L. Bovee, John V. Thill

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Unlike with the other classical theories, there is a lot of research to validate Herzberg's
two-factor theory.
Targeted display advertising allows customers or website visitors to opt-in to mailing
lists.
In the USA, the service sector now accounts for roughly 45 percent of the nation's
economic output and 50 percent of all jobs in the country.
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Statistical process control refers to the use of random sampling and tools, such as
control charts, to monitor the production process.
A product carrying the label of a wholesaler is an example of a private brand.
Accounts receivable refers to the money owed to a firm by its customers.
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Union members take a decertification vote to increase the scope of a union's objectives.
Unstructured organizations can be even more complex than matrix organizations
because workers not only have multiple bosses but report to multiple bosses in multiple
companies.
Leading is the process of influencing and motivating people to work willingly and
effectively toward common goals.
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All partners have joint authority to make decisions for the firm in a general partnership.
Income statement is a record of a company's total assets and liabilities.
A stock exchange is an organization that buys and sells securities on behalf of
individual and institutional investors.
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A developing country markets itself as a good destination of foreign investment. This
would be an example of place marketing.
Baskin-Robbins gives its franchisees the right to resell its trademarked goods that must
be purchased from Baskin-Robbins. This is an example of a product franchise.
The launch of a product under real-world conditions but on a limited scale (such as in a
single city), is a form of neuromarketing studies.
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A centralized organization concentrates decision-making authority at the upper levels of
the organization.
People who assume the task-specialist role focus on supporting the team's emotional
needs and strengthening the team's social unity.
John, a jewelry maker in Montana, receives international orders through his website. He
ships the products from the production plant at Montana after receiving confirmed
orders. This scenario is an example of ________.
A) importing
B) exporting
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C) licensing
D) FDI
E) franchising
________ is an agreement to produce and market another company's product in
exchange for a royalty or fee.
A) Trademark
B) License
C) Patent
D) Copyright
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E) Co-branding
Which of the following statements is TRUE of a certification election?
A) Such elections are not bound by NLRB guidelines.
B) It is usually carried out using a voice vote.
C) It can be conducted only if at least 30 percent of the employees agree.
D) It can be conducted only if the management gives approval.
E) Employees sharing different working conditions are allowed to vote.
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Rolber Cycles is a manufacturer of racing bicycles. The company gives extreme
importance to customer responsiveness and keeps products ready in the warehouse to
deliver to customers immediately after they receive an order. These products are best
referred to as ________.
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A) supplies
B) inventory
C) layouts
D) system tools
E) production intermediaries
Robert Consultants was incorporated in the year 2010. The company is now performing
a formal evaluation to ensure and certify the integrity and reliability of the company's
financial statements. This formal evaluation is referred to as ________.
A) cost accounting
B) control
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C) bookkeeping
D) audit
E) management accounting
American Housing Inc., a construction firm, uses innovative home designs that use
insulating building materials aimed at reducing the energy consumption of the
apartments and homes it builds. This gives it an edge over other businesses, and is
environment friendly as well. This is an example of ________.
A) cap and trade
B) greenwashing
C) consumerism
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D) affirmative action
E) sustainable development
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________ refer to debt securities issued by the federal government that are repaid
within 1 to 10 years after issuance.
A) Municipal bonds
B) Treasury bills
C) Treasury bonds
D) TIPS
E) Treasury notes
Which of the following is a component of the specific market environment within
which each business operates?
A) demographic factors
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B) competitors
C) technological innovations
D) environmental restrictions
E) the speed of granting permits and licenses
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Which of the following is a key disadvantage of mergers and acquisitions?
A) They limit the market reach of the companies involved.
B) They reduce the chances of cross-selling products.
C) They reduce the bargaining power of the companies.
D) They might present issues related to cultural harmony.
E) They limit the geographic range of the companies involved.
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Premium Hardware is an American manufacturer of hardware products that sells its
products across the country. The firm runs a full-page ad in the local newspapers in
Chicago, advertising specials that are available at Venture Hardware Store, a chain of
retail outlets in Chicago. Since both Venture Hardware Store and Premium Hardware
have shared the cost of this ad, this would be ________ advertising.
A) comparative
B) bait and switch
C) reminder
D) specialty
E) cooperative
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A(n) ________ is a brief and inspirational expression of what a company aspires to be.
A) tactical plan
B) values statement
C) operational plan
D) vision statement
E) summary of objectives
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Which of the following statements is TRUE of the Dodd-Frank Act legislation passed in
2010?
A) The Act was formed to reform the software industry.
B) The Act made it mandatory to bail out suffering banks.
C) The Act outlawed transferring risk on investments.
D) The Act called for closer scrutiny of the derivatives market.
E) The Act recommends short-term incentives to long-term incentives.
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As an alternative to traditional labor unions, the ________ relies on union tactics (such
as strikes and boycotts) without the legal force of unionized collective bargaining.
A) "dot.org" labor movement
B) "alt-labor" movement
C) 'sans-union" movement
D) "hash-tag" labor movement
E) "progressive-labor" movement
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MNB Manufacturers, a home appliances manufacturing firm, creates a team comprised
of employees from research and development, finance, marketing and sales, and
product assurance departments. The face-to-face team is closely scrutinized. This
specialized, permanent team is responsible for generating innovative business
expansion plans. It is most likely to be which of the following forms of teams?
A) self-managed team
B) task force
C) virtual team
D) cross-functional team
E) command team
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The situation in which loans and other sources of funding become scarce is known as
a(n) ________.
A) credit default
B) asset crisis
C) payment deficit
D) credit freeze
E) liquidity crisis
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Just Read, an online retailer of books, encourages users to write reviews of the books
they purchase and rate them. This allows potential customers to know more about the
books offered for sale. In this example, Just Read uses which of the following
strategies?
A) diversification
B) product development
C) social commerce
D) market segmentation
E) vertical integration
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Socially adept managers will have a knack for ________.
A) solving problems quickly using their reasoning abilities
B) exhibiting rational skills to make high-quality decisions
C) controlling their own emotions and impulses
D) judging others based on a variety of objective parameters
E) finding and building common ground with people of all kinds
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You are planning to invest in a real estate firm. You want to analyze the firm's financial
strengths in terms of the overall assets and liabilities. Which of the following reports is
best suited to estimate this on a particular date?
A) long-term expense report
B) profit and loss statement
C) balance sheet
D) cash flow statement
E) short-term expense report
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________ is defined as a pathway for the flow of authority from one management level
to the next.
A) Span of management
B) Span of control
C) Departmentalization
D) Network structure
E) Chain of command
Discuss the advantages and disadvantages of work specialization.
page-pf1a
Compare and contrast business incubators with networks and support groups as sources
of advice and support for entrepreneurs?
page-pf1b
Explain how a business analysis is carried out.
Explain, with the help of an example, why socialism and capitalism are not mutually
exclusive.

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