Archives: Quiz
Economics Chapter 5 What salary will you have to earn in 2016 in order to equal
65. Suppose that the price index in 1999 was 170 and your salary was $44,000. Suppose in 2016 the consumer price index will be 290. What salary will you have to earn in 2016 in order to equal your 1999 […]
Management Chapter 4 Easy learning Objective 0401 How Take Stock How
Chapter 04 Evaluating a Company’s Resources, Capabilities, and Competitiveness Answer Key Multiple Choice Questions 1. A. SWOT analysis. B. clear view of what that strategy entails. C. value chain analysis. D. competitive strength analysis. E. financial ratio analysis. In evaluating […]
Economics Chapter 5 The CPI was 238 in one year and 244 the following year
1. The CPI was 238 in one year and 244 the following year. How much did prices rise between these two years? a. 2.46 percent b. 5.50 percent c. 2.52 percent d. 0.03 percent 2. If the CPI is 100 […]
Management Chapter 3 Explain The Meaning And Significance Each
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 110. The five forces framework holds that competitive pressures on companies within an industry come from five sources. These include […]
Economics Chapter 4 If tickets for viewing television show tapings are free
42. Suppose that a television studio has two shows, X and Z, and that tickets for viewing the taping of each show is free. The equilibrium price for a ticket to view the taping of show X is $25 and […]
Management Chapter 3 Strategic Group Mapping Visual Technique For
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 83. Strategic group mapping is a visual technique for displaying A. how many rivals are pursuing each type of strategy. […]
Economics Chapter 4 University Sets Tuition The Equilibrium Level Based
1. Colleges and universities use such things as grade point averages and standardized test scores as a. a measure of consumer utility. b. non-price rationing devices. c. a means to shift the supply curve for a college education. d. solely […]
Management Chapter 3 Whether Buyer Bargaining Power Poses Strong
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 42. Whether buyer bargaining power poses a strong or weak source of competitive pressure on industry members depends in part […]
Economics Chapter 3 The number of unskilled workers employed before and after
53. The number of unskilled workers employed before and after a change in the minimum wage is found to be the same. This means a. the minimum wage change did not affect the unskilled labor market. b. nothing, unless we […]
Management Chapter 3 Porters Five Forces 22 the Intensity Rivalry Among Competing
Chapter 03 Evaluating a Company’s External Environment Answer Key Multiple Choice Questions 1. A. the industry and the competitive arena in which the company operates. B. general economic conditions plus the factors driving change in the markets where a company […]
Economics Chapter 3 Suppose you live in New York City and the government has imposed
1. A price ceiling is a government-mandated a. minimum price below which legal trades cannot be made. b. maximum price above which legal trades cannot be made. c. minimum price above which legal trades cannot be made. d. maximum price […]
Management Chapter 2 Management Obligated Monitor New External Developments
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Topic: Strategic Management 80. Management is obligated to monitor new external developments, evaluate the company’s progress, and make corrective adjustments […]
Economics Chapter 2 One reason that helps to explain the law of supply is the law
186. Supply curves are ________________ upward sloping. a. always b. usually c. rarely d. never 187. Resource X is necessary to the production of good Y. If the price of resource X falls, the equilibrium price of Y will ______________ […]
Management Chapter 2 Company Needs Financial Objectives Spur Company
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 44. A company needs financial objectives to A. spur company personnel to help the company overtake key competitors on such […]
Economics Chapter 2 Technological Advances Lead Higher Taxes Which Lead
133. In the supply-and-demand diagram of the market for peanut butter, the equilibrium point has moved up and to the right. What could have caused this? a. a fall in the price of peanuts b. a rise in the price […]
Management Chapter 2 Which one of the following is NOT one of the five basic tasks
Chapter 02 Charting a Company’s Direction: Its Vision, Mission, Objectives, and Strategy Answer Key Multiple Choice Questions 1. A. developing a strategic vision of where the company needs to head and what its future business makeup will be B. Strategic […]
Economics Chapter 2 A movement from point Z to point W would have been
Good Y 73. Refer to Exhibit 3-3. A movement from point Z to point W would have been the result of a. a reduction in the price of good Y. b. an increase in taxes paid by the producers of […]
Management Chapter 1 Briefly Define Each The Following Terms
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Difficulty: 2 Medium Learning Objective: 01-02 The concept of a sustainable competitive advantage. Topic: Strategic planning Essay Questions 76. A […]
Economics Chapter 2 Tobacco Production One The More Heavily Subsidized
True / False 1. When the price of Toyota Corollas rises, ceteris paribus, the demand for Corollas falls. a. True b. False 2. A surplus will occur in a market when the price of the product is above the equilibrium […]
Management Chapter 1 Which The Following Firms Uses Deliberate
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 42. Which of the following firms uses a deliberate strategy? A. A popular downtown theater that has been staging plays […]
Economics Chapter 1 If the law of increasing opportunity costs is operable
114. If the law of increasing opportunity costs is operable, and currently the opportunity cost of producing the 101st unit of good X is 5Y, then the opportunity cost of producing the 201st unit of good is X is most […]
Management Chapter 1 Not Hinge Which The Following a Having Distinctive
1-1 Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Chapter 01 What Is Strategy and Why Is It Important? Answer Key Multiple Choice Questions 1. Which of the […]
Economics Chapter 1 Andy can produce either 24 loaves of bread or 8 pounds
c. be a bowed-inward curve. d. not exist. 69. A PPF is bowed outward as a result of a. constant opportunity costs. b. increasing opportunity costs. c. decreasing opportunity costs. d. scarcity. e. choice. ANSWER: b POINTS: 1 DIFFICULTY: Easy […]
Economics Chapter 1 A decrease in unemployment causes the PPF to shift outward
True / False 1. A decrease in unemployment causes the PPF to shift outward (to the right). a. True b. False 2. The law of increasing opportunity cost results from the varying ability of resources to adapt to the production […]
Economics Chapter 00 the fewer oranges individuals will buy, ceteris paribus
d. There is no relationship between variables X and Y. 118. A theory is a. built on the major factors or variables that the theorist believes explain some event. b. a simplified abstract representation of the real world. c. used […]
Economics Chapter 00 you would have stayed home and watched television
d. bad. e. none of the above 70. A good provides __________ and a bad provides __________. a. utility; satisfaction b. disutility; utility c. dissatisfaction; satisfaction d. utility; disutility e. satisfaction; utility ANSWER: d POINTS: 1 DIFFICULTY: Moderate NATIONAL STANDARDS: […]
Economics Chapter 00 The author of the textbook defines economics as the
1. The author of the textbook defines economics as the a. science of efficiency. b. science of scarcity. c. study of markets. d. study of human activity. 2. When economists speak of scarcity, they are referring to the a. condition […]
Chapter 15 Heather belongs to an informal group at work that meets twice
94. A quality circle is a group of volunteer employees. a. 2 to 4 b. 6 to 12 c. 10 to 20 d. 15 to 25 e. 30 to 50 95. A group of 6 to 12 volunteer employees who […]
Chapter 15 In the process of implementing the balanced scorecard
54. In the process of implementing the balanced scorecard approach at his company, operations manager Seth Howard wonders whether internal activities and processes add value for customers and shareholders. This involves which dimension of the balanced scorecard? a. Customers b. […]
Chapter 15 The systematic process of regulating organizational activities
1. The systematic process of regulating organizational activities to make them consistent with the expectations in plans, targets, and standards of performance refers to organizational control. a. True b. False 2. Effectively controlling an organization requires information about product standards […]
Chapter 14 The accommodating style of conflict resolution is based on
92. The accommodating style of conflict resolution is based on a degree of assertiveness and a degree of cooperativeness. a. high, high b. high, low c. low, high d. low, low e. low, medium 93. At FEI Industries, teams of […]
Chapter 14 During Which Stage Team Development Does Team
54. In the context of work team effectiveness, pertains to the team’s ability to meet the personal needs of its members. a. cohesiveness b. satisfaction c. commitment d. leadership e. norms 55. Stage of development, cohesiveness, norms, and conflict resolution […]
Chapter 14 A team is defined as a group of two or more people who
1. A team is defined as a group of two or more people who interact and coordinate their work to accomplish a specific objective. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: 1 REFERENCES: 588 LEARNING OBJECTIVES: MGMT.DAFT.12.18-01 – […]
Chapter 13 Will explains to his boss that his computer has a virus
90. Will explains to his boss that his computer has a virus, and needs to be scanned and cleaned. This is an example of which topic of upward communication? a. Problems and exceptions b. Suggestions for management improvement c. Performance […]
Chapter 13 The capacity of an information channel is influenced by all of these
54. refers to a team communication structure in which team members freely communicate with one another and arrive at decisions. a. Decentralized network b. Centralized network c. Linear network d. Circular network e. Gossip structure 55. A centralized network is […]
Chapter 13 Managers facilitate strategic conversations by using open
1. Managers facilitate strategic conversations by using open communication, actively listening to others, applying the practice of dialogue, and using feedback for learning and change. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: 2 REFERENCES: 547–548 LEARNING OBJECTIVES: MGMT.DAFT.12.17-01 […]
Chapter 12 The motivator factors, or satisfiers, that Donovan
127. are the most basic human physical needs, including food, water, and oxygen. 128. A modification of the needs hierarchy theory that proposes three categories of needs: existence, relatedness, and growth is called the theory. ANSWER: ERG POINTS: 1 DIFFICULTY: […]
Chapter 12 Which of the following techniques reduces the likelihood that
97. Which of the following techniques reduces the likelihood that behavior will be repeated? a. Positive reinforcement b. Negative reinforcement c. Extinction d. Reward enhancement e. All of these 98. One of your fellow students is continually late to class. […]
Chapter 12 Which of the following is a content theory that proposes
57. Which of the following is a content theory that proposes that people are motivated by physiological, safety, belongingness, esteem, and self–actualization needs? a. Reinforcement theory b. Process theory c. Situational theory d. Hierarchy of needs theory e. Contingency theory […]
Chapter 12 Employee motivation affects productivity, and part of a manager’s
True / False 1. Employee motivation affects productivity, and part of a manager‘s job is to channel motivation toward the accomplishment of organizational goals. a. True b. False 2. Two ways to classify rewards are extrinsic and monetary. a. True […]
Chapter 11 Candice uses praise, pay increases and recognition as
93. Candice uses praise, pay increases and recognition as ways of influencing her subordinate’s behaviors. All of these actions are highly valued by the work group. This is an example of: a. coercive power. b. legitimate power. c. reward power. […]
Chapter 11 Beagle Boutique was attempting to hire a middle manager
55. Recently, Beagle Boutique was attempting to hire a middle manager. They were looking for an intelligent, confident, and honest individual. Which approach to leadership was Beagle using? a. The contingency approach b. The situational approach c. The trait approach […]
Chapter 11 Leadership occurs among people, involves the use of
1. Leadership occurs among people, involves the use of influence, and is used to attain goals. a. True b. False 2. Influence means that the relationship among people is passive. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: 2 […]
Chapter 10 A high degree of means you can accurately assess your own
78. A high degree of means you can accurately assess your own strengths and limitations and have a healthy sense of self-confidence. a. self-management b. social cohesiveness c. social awareness d. relationship management e. self-awareness 79. Seeking positions of power […]
Chapter 10 Blaming the teacher for a poor grade on an exam, and taking credit
52. An overall impression of a person or situation based on one characteristic, either favorable or unfavorable, is an example of: a. projection. b. the halo effect. c. perceptual defense. d. stereotyping. e. attribution. 53. Josh evaluates Kandi‘s performance and […]
Chapter 10 Job satisfaction is work behavior that goes beyond job requirements
1. Job satisfaction is work behavior that goes beyond job requirements and contributes as needed to the organization’s success. a. True b. False 2. The link between satisfaction and performance, according to research, is generally small and is affected by […]
Chapter 09 A culture that accepts only one way of doing things
175. A culture that accepts only one way of doing things and one set of values and beliefs is referred to as a(n) . a. primary culture b. preferred culture c. dominating culture d. monoculture e. pluralism 176. Which of […]
Chapter 09 An invisible barrier that separates women and minorities
151. An invisible barrier that separates women and minorities from advancement to important lateral movement within the organization defines the glass ceiling. a. True b. False 152. In a recent survey, 37 percent of highly qualified women report that they […]
Chapter 09 Intentionally reducing the company’s workforce to the point
93. Intentionally reducing the company’s workforce to the point where the number of employees is deemed to be right for the company’s current situation is referred to as . a. restructuring b. rightsizing c. supersizing d. reengineering e. recruiting 94. […]
Chapter 09 Artie’s Pretzels is a small but well-known company that receives
53. Artie’s Pretzels is a small but well-known company that receives thousands of job applications every year, though it only fills about 50 positions annually. Company managers have learned that Artie’s human resource practices are one of the driving factors […]