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Riban Industries is a manufacturer of watches. The company's profits are predictable
and the stock yields huge dividends, although the prospects for growth are low. Riban
Industries is an example of a(n) ________ stock.
A) blue chip
B) income
C) cyclical
D) penny
E) defensive
The Wagner Act ________.
A) allowed employers to limit the employees' rights to organize
B) required employers to bargain in good faith with unions
C) led to a major fall in union membership in the United States
D) was widely welcomed by employers and employees alike
E) did not have a significant impact on the balance of power in U.S. industry
Which of the following approaches to resolving ethical dilemmas advocates choosing
the option that delivers the most good for the most people?
A) individual rights
B) utilitarianism
C) strategic CSR
D) sustainable development
E) Kantian ethics
A labor contract is ________.
A) an agreement between employers for labor arrangements
B) formed when negotiations are not initiated by unions
C) a labor union contract for managerial staff
D) often used as a synonym for collective bargaining
E) a contract signed by employees who are not part of the union
An adjustable rate mortgage entices borrowers with "teaser" rates that lower their
payments in the early years but make them vulnerable to ________ as the "real" rates
kick in.
A) fiscal reconciliation
B) buyer's remorse
C) subprime envy
D) payment shock
E) loan-to-value aggregation
The Dodd-Frank Act includes the Volker rule, which ________.
A) makes sure consumers get clear and accurate information about financial services
B) aims to stop banks from making risky trades that undermine their financial stability
and put their customers at risk
C) seeks to prevent government bailouts of individual firms
D) provides for more rigorous rules regarding transparency and accountability of credit
rating practices
E) aims to provide more transparency and accountability in the market for derivatives,
hedge funds, and other financial products
In ________ CSR, company leaders believe they have responsibilities beyond making a
profit, and they back up their beliefs and proclamations with actions taken on their own
initiative.
A) proactive
B) cynical
C) minimalistic
D) primary
E) philanthropic
Absco computers introduced a low cost, cloud-based storage service. The company
adopted a unit-based pricing for the product and many small businesses found the
product to be very effective in reducing their storage costs. The sale of the product has
increased swiftly in the recent months and is at an all-time high. The product is
presently in the ________ stage of product life cycle.
A) maturity
B) growth
C) saturation
D) research
E) introduction
From the perspective of workers, which of the following is a potential drawback of
working for an unstructured organization?
A) Worker's evaluations are subjective and based almost entirely on the manager's
impressions.
B) Workers have reduced flexibility and freedom.
C) Workers lack access to more interesting and more fulfilling work.
D) Workers have a sense of working with a team for a larger, shared purpose.
E) Workers have to fend for themselves and to keep their skills current at their own
expense.
The United States has banned the export of super-computers and lasers to non-allies.
This is an example of a(n) ________.
A) export subsidy
B) export quota
C) tariff
D) embargo
E) restrictive import standard
________ is an element of marketing mix that refers to a wide variety of persuasive
techniques used by companies to communicate with their target markets and the general
public.
A) Distribution
B) Promotion
C) Decentralization
D) Market segmentation
E) Differentiation
________ is the study of how people interact with computers and other machines.
A) Consumerism
B) Ergonomics
C) Systems psychology
D) Environmental design
E) Anthropometry
International companies can use ________ to shield some of their income from higher
tax rates in their own countries or in other countries where they do business.
A) fiscal cloaks
B) investment schemas
C) exchange premiums
D) income shelters
E) tax havens
In a general partnership, ________.
A) all partners have joint authority to make decisions
B) all partners have limited liability
C) the number of partners is limited to five
D) units of ownership are sold to the general public
E) risk is limited to the amount invested in a partnership
Which of the following statements is TRUE about administering employee
compensation?
A) Fixed cash compensation for work, independent of the number of hours worked, is
termed as wages.
B) Cash payment based on an employee's unit of output is called salary.
C) Labor-Management Relations Act sets specific guidelines that employers must
follow when administering salaries and wages.
D) Compensation comprises of direct payments such as wages or salary, and excludes
indirect payments through employee benefits.
E) Compensation is dictated by prevailing conditions in the job market and the value
each employee brings to the organization.
According to the job characteristics model, ________ refers to the range of abilities and
talents needed to accomplish the responsibilities associated with the job.
A) task significance
B) skill variety
C) autonomy
D) task availability
E) task identity
The introductory stage will be followed by a ________ stage for a successful product.
A) maturity
B) research
C) saturation
D) growth
E) infiltration
Chicago Music Academy, a private music school, uses online advertisement as a large
part of its advertising campaign. The firm uses Google Analytics to measure the
effectiveness of specific search-term keywords and track the behavior of website
visitors. The firm uses this information to focus on the most productive marketing
efforts. In this example, Chicago Music Academy uses ________.
A) stealth marketing
B) product development
C) marketing research
D) market development
E) diversification
________ are unsecured bonds, backed only by the corporation's promise to pay.
A) Convertible bonds
B) Protected bonds
C) Bills of exchange
D) Debentures
E) Non-convertible bonds
A company can use a(n) ________ to identify all sources of revenue and coordinate the
spending of those funds throughout the coming year.
A) launch budget
B) start-up budget
C) capital budget
D) project budget
E) operating budget
With the ________ tactic, a third company is invited to acquire a company that is in
danger of being swallowed up in a hostile takeover.
A) countdown
B) proxy fight
C) direct offer
D) tender offer
E) white knight
The amount of money that the bond buyer is lending to the bond issuer is known as the
________.
A) par value
B) yield
C) dividend
D) coupon rate
E) intrinsic value
From the perspective of the company, which of the following is potential drawback of
using an unstructured organization?
A) less flexible capacity management
B) higher fixed costs
C) reduced agility
D) lack of built-in accountability
E) increased loyalty in employees
________ refers to the degree to which information flows freely within an organization,
among managers and employees, and outward to stakeholders.
A) Philanthropy
B) Materialism
C) Whistle-blowing
D) Transparency
E) Utilitarianism
