Archives: Quiz

Ethical problems can often be characterized as occurring on a slippery slope, whereby relatively minor issues can be compounded into major violations. Harmony must be preserved for teams to function effectively, even if it is artificial. Answer: False According to […]

People with less work experience tend to be better ethical decision makers, because they have less to lose. Adam Smith and early proponents of capitalism believed a strong system of justice is essential to punish those who do not appropriately […]

Unethical organizations are more likely to attract higher-quality job applicants. Ethics-related information can come from suppliers and customers, in addition to employees. Answer: True It is appropriate to ask job finalists about their responses to ethical dilemmas experienced at previous […]

Fostering new ideas and innovation and resolving conflicts within a department is a responsibility under which managerial role? A) Interpersonal B) Resource allocator C) Decisional D) Disturbance handler E) Informational Which of the following best describes empathy? A) The ability […]

Which of the following actions can the Federal Deposit Insurance Company take in the event of a failure of one of its insured banks? A) The FDIC can seize the assets of the bank and its investors and settle the […]

Which of the following allows for instantaneous information designed to improve the management process? A) Mass customization B) Global exchange software C) Collaboration software D) Enterprise resource planning E) Shared activity planning When conducting market research, what type of data […]

Why is speed to market critical to market demand? A) It reduces overall cost of product development. B) It allows more time for product recalls. C) It allows the company to conduct more concept testing. D) It produces stronger outcomes […]

Why do organizations use fixed-position layouts for some goods or services? A) When the customer requests it B) When it is more cost effective C) When it increases the quality level D) When it is difficult to move the good […]

What is the first step in becoming an entrepreneur? A) Deciding to proceed B) Formulating a business plan C) Identifying distinctive competencies D) Searching for capital to invest E) Implementing plans and opening How a piece of data that has […]

Which term refers to the acquisition of the raw materials a company needs to produce its products? A) Development B) Purchasing C) Goods control D) Quality control E) Wholesaling Which of the following is an advantage of sole proprietorships? A) […]

When someone is able to act as both a leader and a manager, what type of power to they possess that others often do not? A) Legitimate power B) Reward power C) Referent power D) Expert power E) Coercive power […]

What is the term for a division of stock that gives stockholders a greater number of shares but does not change each individual’s proportionate share of ownership? A) Stock dividend B) Stock split C) Stock yield D) Stock warrant E) […]

What type of organizations are used to solicit money that then is distributed to political candidates? A) Lobbies B) Government agencies C) Stakeholders D) Ethical compliance leaders E) Political action committees What is the most common and direct way to […]

In operations control, production managers monitor production performance by which method? A) Comparing results with detailed plans and schedules B) Checking on each worker on the production floor C) Observing activities from a platform above the workers D) Constantly talking […]

Which type of investment will sacrifice current income potential for long-term returns? A) Blue-chip stock B) Balanced funds C) Aggressive growth funds D) No-load funds E) Mutual funds Which of the following is a partner who actively manages a firm […]

How do organizations determine how to move products to customers? A) Promotion B) Marketing mix C) Place (or distribution) D) Marketing managers E) Personal selling feedback In what way can a business or industry represent themselves before political bodies in […]

Who is responsible for the day-to-day management and overall performance of an organization? A) Officers B) President C) Chief Executive Officer D) Board of Directors E) Vice President How do companies achieve continuous sales of more units and higher profits, […]

Which of the following BEST describes two of the three primary functions of the Federal Reserve System? A) Developing new financial markets and aiding banks in conducting their business B) Aiding banks in conducting business and managing the U.S. money […]

Choosing a distribution network is a strategic decision in that the decision determines the amount and cost of what? A) Channel conflict B) Market coverage C) Online retailing D) Retail coverage E) Channel leadership Which of the following would lead […]

The use of special knowledge about a firm, which results in an unfair advantage or generates profit or other types of gain, is known as what? A) Equity financing B) Market capitalization C) Insider trading D) Prospectus information E) FINRA […]

Granting the authority or power to make decisions is done through the process of A) line authority. B) committee. C) delegation. D) functional structure. E) department authority. While it’s invested, money grows by earning interest or yielding some other form […]

What is the extent to which members of an organization follow basic ethical and legal standards of behavior? A) Social responsibility B) Norms C) Values D) Ethical compliance E) Legal compliance What is the purpose of the Family and Medical […]

What system allows outsiders limited access to a firm’s internal information systems? A) Intranets B) Firewalls C) Extranets D) Directories E) Satellites How does encryption software work? A) By intercepting and reviewing e-mail before delivering it to the proper address […]

Which of the following is involved in the final stage in the buyer decision process? A) After the buyer has purchased the product, the marketer asks for feedback on the quality of the product. B) After the buyer has purchased […]

What advantage does a communication system using VSAT satellite have? A) Speed B) Low cost C) Privacy D) Groupware E) Spyware Which of the following refers to the rules and procedures governing the content and form of financial reports? A) […]

When getting a good or service to market, who is most powerful in determining the roles and rewards of others in the system? A) Channel captain B) Exclusive distributer C) Selective distributer D) Merchant wholesaler E) Sales agent Under which […]

Which of the following constitutes an illegal hiring practice? A) Asking someone about their availability because the position requires a 50-hour work week B) Establishing a diversity committee to help diverse employees connect with each other C) Asking a candidate […]

Retained earnings are net profits minus dividend payments to stockholders. Psychographics cannot be changed by marketing efforts. Answer: FALSE Explanation: Psychographics are particularly important to marketers because, unlike demographics and geographics, they can be changed by marketing efforts. For example, […]

A value chain includes an entire network of firms, beginning with suppliers and ending when production is complete. The Consumer Bill of Rights is backed by numerous federal and state laws. Answer: TRUE Explanation: The six steps of the Consumer […]

With job rotation, conventional office space is redesigned to accommodate jobs that are less dependent on assigned spaces. Franchisees may be obligated to contribute a percentage of sales to parent corporations. Answer: TRUE Explanation: The obligation to contribute a percentage […]

Most philanthropic giving in the United States is targeted towards the arts. System software tells the computer’s hardware how to interact with the software, what resources to use, and how to use them. Answer: TRUE Explanation: An example of system […]

Revenue tariffs are primarily designed to discourage the importation of foreign products. Organizational citizenship reflects the ability of a behavior to detract from, rather than contribute to, organizational performance. Answer: FALSE Explanation: Employees can also engage in positive behaviors that […]

It is currently very common that a CPA who is hired to audit a firm’s finances will also be hired to help design a more efficient financial information system. A product’s features may be intangible. Answer: TRUE Explanation: Product features […]

Transportation costs have relatively little impact on a domestic firm’s decision to go international when compared to other possible factors. In terms of a psychological contract, inducements represent what employees will contribute to an organization. Answer: FALSE Explanation: Inducements represent […]

The government can influence the availability of capital through the use of the Federal Reserve System. Bankruptcy is the court-granted permission not to pay some or all debts. Answer: TRUE Explanation: Bankruptcy is filed by an individual or institution that […]

Globalization refers to the process by which countries around the world are becoming more self-sufficient. In setting wage and salary levels, a firm may start by looking at competitors’ levels. Answer: TRUE Explanation: Competitor levels are not the only benchmark. […]

Programmed decisions are more structured than nonprogrammed decisions, and recur more often. Positive reinforcement is used when a company or manager provides a reward when employees exhibit desired behaviors. Answer: TRUE Explanation: As workers become more adept at what they […]

A company with high demand for its product in a particular foreign market that is associated with high transportation costs would tend to arrange a strategic alliance over any other international organization structure. The starting point in effective management is […]

The least common type of partnership is the general partnership. A manager working in the United States will typically see a high level of collectivism among workers. Answer: FALSE Explanation: U.S. culture usually emphasizes individualism over collectivism. Leadership neutralizers tend […]

In the private accounting field, certified management accountants use accounting to investigate and support litigation in crimes against companies. In a licensing arrangement, firms choose foreign organizations to manufacture their products in another country in return for a fee plus […]

What occurs in situations in which no procedures or rules exist to guide decision makers toward the correct choice? A. analytics B. structured decisions C. unstructured decisions D. semistructured decisions What is the difference between the As-Is process model and […]

Which characteristics support an agile MIS infrastructure? A.accessibility, availability, maintainability, portability, reliability, scalability, usability B. backup and recovery plan, disaster recovery plan, business continuity planning C. grid computing, cloud computing, and virtualization D. storage, network, and server virtualization What analyzes […]

Who is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks by hackers and viruses? A. Chief Knowledge Officer (CKO) B. Chief Security Office (CSO) C. Chief Technology Officer (CTO) D. Chief Information Officer […]

Which of the following is not a technology company but used technology to revamp the business process of selling shoes? A. Netflix B. Dell C.Zappos D. Amazon Which of the following explains why a company would implement a BPR strategy? […]

What is also provided for the system users and can be online or in a classroom? A.training B. testing C. implementation phase D. testing phase If you were thinking about an oven as a system, which of the following represents […]

Which of the following is an example of an emergency notification system? A.radio stations’ occasional tests of the national alert system B. wireless alerts for promotional discounts C. text messages from your local grocery store D. All of these are […]

Which of the following is not an example of an advantage to using the Web to access organizational databases? A. Web browsers are much easier to use than a computer based database. B. The web interface requires few or no […]

What provides web-based self-service tools that streamline and automate the human resource department? A. supplier relationship management B. partner relationship management C. employee relationship management D. All of these are correct. In terms of big data, what includes the scale […]

What determines the accuracy and completeness of organizational data? A. data quantity audit B.data quality audit C. data intelligence audit D. data accuracy audit What is the process where a business takes raw materials and processes them or converts them […]

What are the two main categories in a value chain analysis? A. primary value activities and secondary value activities B. primary value activities and support value activities C. primary value activities and strengthening value activities D. None of these are […]