Archives: Quiz
Marketing Chapter 6 1 Theoretically, the three basic types of attributes occur in the sequence of a benefit permits a certain feature, which in turn leads to its function
1. A product is really nothing but attributes. TRUE A product is really nothing but attributes, and any product (good or service) can be described by citing its attributes. AACSB: Analytic Blooms: Remember Difficulty: 1 Easy Topic: Understanding Why Customers […]
Economics Chapter 7 1 Suppose there is a decrease in the confidence that workers have in their future employment and income
Chapter 7 Interest Rates and Present Value Multiple Choice 1. The percentage of a balance that a borrower must pay a lender is called the A) inflation rate. B) usury rate. C) interest rate. D) monetary index. Answer: C 2. […]
Marketing Chapter 5 2 Which of the following techniques can suggest new product functions by creating as many verb-object combinations as possible
32. Which of the following statements about the observation method of gathering information is true? A. This method does not involve the use of video cameras or photos to record observational data. B. This method excludes non customers from its […]
Economics Chapter 6 3 If the unemployment rate falls because the number of people not working but searching for work falls, economists would attribute this to the
Answer: D 121. The period of growth from a trough that brings Real GDP back to its previous peak is called a A) recession. B) recovery. C) expansion. Answer: B 122. The period of growth from the level of the […]
Marketing Chapter 5 1 The most common source of needs and problems comes from an organization’s routine contacts with customers and others in the marketplace
1. The most common source of needs and problems comes from an organization’s routine contacts with customers and others in the marketplace. TRUE The most common source of needs and problems comes from an organization’s routine contacts with customers and […]
Economics Chapter 6 2 The reason that the expected inflation rate matters in determining the impact on borrowers or lenders is that
71. A reason given why the CPI overstates the cost of living is it A) only measures the effects of inflation on the poor. B) makes no attempt to ascertain what average people buy. C) makes no attempt to update […]
Marketing Chapter 4 1 According to the MBTI Creativity Index, creative people tend to be less intuitive and more introverted than other individuals
1. Creativity can be measured. TRUE Creativity can be measured using the standard MBTI (Myers-Briggs Type Indicator) Creativity Index. The MBTI Creativity Index uses an individual’s personality scores to assess his or her creativity. AACSB: Analytic Blooms: Remember Difficulty: 1 […]
Economics Chapter 6 1 How does GDP account for something that was produced for sale in one year and sold in the next year
Chapter 6 Every Macroeconomic Word You Ever Heard: Gross Domestic Product, Inflation, Unemployment, Recession and Depression Multiple Choice 1. The reason that only final sales are counted in GDP is A) to avoid double counting goods that are sold so […]
Marketing Chapter 4 2 One of the reasons why technology-driven scientists, in most cases, actually put benefit before form and technology in the creation
32. _____ is defined in product innovation as the power to do work. A. Benefit B. Form C. Technology D. Potential Technology is defined in product innovation as the power to do work. Technology is the source by which the […]
Chapter 1 Chapter 1 According to the Traditional Assessment Model, what usually happened when a student was referred to a multidisciplinary team
➢ Mrs. Johnson needs to document what instructional strategies and assessments she is using with Jaime and the effects these strategies and assessments have on her progress. ➢ Mrs. Johnson needs to clarify the components of phonemic awareness in which […]
Economics Chapter 5 2 In a diagram of perfect competition, the marginal revenue line moves up and down when there is exit and entry, respectively
A) MR1 B) MR2 C) MR3 D) MR4 Answer: D 49. In Figure 5.7, assuming perfect competition and at MR1 there will be Page 15 © 2015 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not […]
Marketing Chapter 3 2 The problem of scope creep faced by a new product team in an organization is most likely to occur when
33. Which of the following statements is true of a product innovation charter (PIC)? A. It is typically prepared by middle-level managers. B. It is designed to provide guidance to the business units on the role of innovation. C. It […]
Economics Chapter 5 1 When firms are in perfect competition the result is that firms charge a price that is always equal to its
Chapter 5 Perfect Competition, Monopoly and Economic versus Normal Profit Multiple Choice 1. In Figure 5.1, what output would a perfect competitor produce? A) Q1 B) Q2 C) Q3 D) Q4 Answer: B 2. In Figure 5.1, what profit would […]
Marketing Chapter 3 1 Due to rapid market turbulence and the number of product varieties demanded by customers, many firms find that it is efficient
1. The group of people who lead the development of a new product act as “a company within a company.” TRUE The group of people who lead the development of a new product act as “a company within a company.” […]
Economics Chapter 4 3 The loss the firm makes from shutting down (its TFC) is greater than the loss they make as a result of producing
B) parabolic. C) downward sloping. D) an upward sloping line beginning at the origin and having a slope of 6 Answer: D 99) If the market price for a good produced by a price taking firm is $7, the firm’s […]
Marketing Chapter 2 2 Identify the phase in the new product development process during which the item first acquires finite form
30. In which of the following phases of the new products process are prototypes typically created? A. The concept generation phase B. The concept or project evaluation phase C. The opportunity identification and selection phase D. The development phase Prototypes […]
Economics Chapter 4 2 If the market price for a good produced by a price taking firm is $5, the firm’s total revenue is
A) $0. B) $110. C) $115. D) $125. Answer: C 73) Refer to Table 4.1, Box H should be filled with A) $0. B) $110. C) $125. D) $150. Answer: C 74) Refer to Table 4.1, Box I should be […]
Marketing Chapter 2 1 In the project evaluation phase of the new products process, a full screen uses a scoring model of some type and results in a decision
1. The new products process essentially turns a profit flow into an opportunity. FALSE The new products process essentially turns an opportunity (the real start) into a profit flow (the real finish). It begins with something that is not a […]
Economics Chapter 4 1 When workers subdivide the tasks of a job in such a way so as to become more efficient economists refer to this as
Chapter 4 Firm Production, Cost, and Revenue Multiple Choice 1) A key assumption about the way firms behave is that they A) minimize costs. B) maximize profit. C) maximize market share. D) maximize revenue. Answer: B 2) A graph that […]
Marketing Chapter 1 2 Luminos Co., a popular manufacturer of kitchen appliances, decides to enter the manufacturing sector of crockery and dinnerware
30. _____ refer to those products that are retargeted for a new use or application. A. “Flanker” brands B. Line extensions C. Repositionings D. New-to-the-world products Refer to figure 1.4. Repositionings are products that are retargeted for a new use […]
Economics Chapter 3 2 When looking at the impact of a change in trade policy economists use consumer and producer surplus to look at the winners and losers
A) there are many substitutes for eggs as breakfast food. B) the demand for food is inelastic. C) the supply of eggs is inelastic. D) they are so inexpensive. Answer: D 73) Suppose a new law makes illegal the sale […]
Marketing Chapter 1 1 Radical innovation that displaces or obsoletes current products and creates totally new product categories is critical to the future growth and survival of a firm
1. By definition, new products are limited to significant technological innovations. FALSE Mention new products and people think about technology—iPods, iPhones, YouTube, virtual realities, fiber optics, and the like. But most new products are far simpler—low-carb colas, new movies, new […]
Economics Chapter 3 1 If the price rises and the total amount consumers spend on the good falls to zero, then demand must be
Chapter 3 The Concept of Elasticity and Consumer and Producer Surplus Multiple Choice 1) In Figure 3.1, if demand is considered perfectly elastic, then the appropriate figure is? A) Figure 1 B) Figure 2 C) Figure 3 D) Figure 4 […]
Economics Chapter 2 4 If the price is so high that vendors find too many unsold bottles remaining in inventory, they might dispose of their excess inventory by
A) Figure 1 B) Figure 2 C) Figure 3 D) Figure 4 Answer: D 174) Of the collection of supply and demand diagrams in Figure 2.2, which one shows the result of an increase in the price of an input […]
Economics Chapter 2 3 Of the collection of supply and demand diagrams in Figure 2.2 which one shows the result of a decrease in technology in the market for anything
A) Figure 1 B) Figure 2 C) Figure 3 D) Figure 4 Answer: A 162) Of the collection of supply and demand diagrams in Figure 2.2, which one shows the result of a decrease in the taste for a good? […]
Economics Chapter 2 2 The notion that when the price of the good you want rises you will buy less of it because you will find another
B) the real-balances effect. C) diminishing marginal utility. Answer: C 61) The notion that the money in your possession will buy less when the price rises is provided as the explanation for A) the substitution effect. B) the real-balances effect. […]
Economics Chapter 2 1 Ebay does not qualify as a market for the good being sold because it is not a specific physical location
Chapter 2 Supply and Demand Multiple Choice 1) The mechanism by which buyers and sellers negotiate an exchange is called a/an A) equilibrium. B) model. C) market. D) meeting. Answer: C 2) The supply and demand model examines the how […]
Economics Chapter 1 1 Rene Descartes realized that he could define the location of any point on the ceiling, relative to a corner of the room
Chapter 1 APPENDIX Multiple Choice 1. In the Cartesian coordinate system, the point on a two-dimensional graph were both variables have a value of zero, i.e., (0,0), is called the A) intercept. B) slope. C) origin. D) y-axis. Answer: C […]
The capital budgeting decision technique that reflects the time value of money and is calculated as the present value of the future
Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) A turbocharged engine suffers from spark knock, or pinging. This could be caused by: 1) A) The turbo wastegate opening too soon […]
Human Resources Chapter 16 1 Why are mergers and acquisitions not considered one of the best methods to change an organization’s culture
118. (p. 523) Explain the general culture types based on the dimensions of solidarity and sociability. One popular general typology divides organizational culture along two dimensions: solidarity and sociability. Solidarity is the degree to which group members think and act […]
Human Resources Chapter 16 1 Which of the following tactics is designed to encourage adaptation to the organization’s culture
106. (p. 538) Which of the following tactics is designed to encourage adaptation to the organization’s culture? A. Use no examples of what an employee is supposed to be like. B. Constantly remind newcomers that they are now part of […]
Human Resources Chapter 16 1 Which of the following is a process that begins before an employee starts work and does not end until an employee leaves the organization
AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Apply Difficulty: 2 Medium Learning Objective: 16-02 What general and specific types can be used to describe an organization’s culture? Topic: Why Do Some Organizations Have Different Cultures Than Others? 76. (p. 526) […]
Human Resources Chapter 16 1 Which of the following supply the primary means of transmitting an organization’s culture to its workforce
AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Apply Difficulty: 2 Medium Learning Objective: 16-01 What is organizational culture; and what are its components? Topic: Why Do Some Organizations Have Different Cultures Than Others? 44. (p. 520) Which of the following supply […]
Human Resources Chapter 16 1 Organizational culture shapes and reinforces certain employee attitudes and behaviors by creating a system of control over employees
1. (p. 519) Organizational culture shapes and reinforces certain employee attitudes and behaviors by creating a system of control over employees. TRUE Organizational culture shapes and reinforces certain employee attitudes and behaviors by creating a system of control over employees. […]
Human Resources Chapter 15 1 Define organizational structure. What is an organizational chart and how does it impact an organization
102. (p. 492) Scenario: Extreme Rug Tim is the project manager of the corporate structure team at Extreme Rugs. Tim’s team has been assigned the task to study and evaluate Extreme Rugs’ organizational structure. To collect the preliminary information, Tim […]
Human Resources Chapter 15 1 Which of the following is a bureaucratic organizational form in which employees are grouped into divisions around products
78. (p. 500) A bureaucratic structure is an organizational form that exhibits many of the facets of the _____ organization. A. simple B. global C. adaptive D. organic E. mechanistic A bureaucratic structure is an organizational form that exhibits many […]
Human Resources Chapter 15 1 Which of the following refers to the degree to which rules and procedures are used to standardize behaviors and decisions in an organization
46. (p. 493) At Cool Clothes, Inc., there is a total focus on providing care and satisfaction to each customer. In the major clients’ division, each manager is assigned three employees to supervise, whereas in the product assembly division, each […]
Human Resources Chapter 15 1 Organizational structure differs from country to country based on the traditional architecture forms in each country
1. (p. 490) Organizational structure does not influence employee attitudes and behavior. FALSE The organization as a whole affects employee attitudes and behavior. AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 15-01 What is an organization’s […]
Human Resources Chapter 14 4 He waits around for mistakes and errors from his employees and then takes corrective action as necessary
94. (p. 462) John believes he has quite a unique style of leadership. He waits around for mistakes and errors from his employees and then takes corrective action as necessary. Which of the following is John’s style of leadership? A. […]
Human Resources Chapter 14 3 Alice has a deep concern for the welfare of her subordinates and she promotes interactive discussions with them
71. (p. 458) Alice has a deep concern for the welfare of her subordinates and she promotes interactive discussions with them. Alice can be described as a manager who scores high on: A. initiating structure. B. autocratic leadership. C. consideration. […]
Human Resources Chapter 14 2 Which of the following decision-making styles is characterized by the highest level of leader control
44. (p. 453) _____ suggest that leaders are born, not made. A. Leader-member exchange theories B. Ohio State studies of leadership C. Transformational theories of leadership D. Contingent theory of leadership E. Great person theories of leadership The search for […]
Human Resources Chapter 14 1 Leadership is the use of power and influence to direct the activities of followers toward goal attainment.
1. (p. 450) Leadership is the use of power and influence to direct the activities of followers toward goal attainment. TRUE Leadership is defined as the use of power and influence to direct the activities of followers toward goal achievement. […]
Human Resources Chapter 13 5 Which influence tactic could Shirley, who is the most experienced in the team, have used to convince the others of her choice
AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 13-07 How do power and influence affect job performance and organizational commitment? Topic: How Important Are Power and Influence? 132. (p. 420) Scenario: Palliative Care Home Andy, Ben, […]
Human Resources Chapter 13 4 Which conflict resolution style occurs most often when one party has high levels of organizational power
101. (p. 430) High assertiveness and low cooperation represent which style of conflict resolution? A. Competing B. Avoiding C. Collaboration D. Compromise E. Accommodating Competing (high assertiveness, low cooperation) occurs when one party attempts to get his or her own […]
Human Resources Chapter 13 3 In the context of the contingency factor of visibility, a leader’s ability to influence others increases when
72. (p. 423) Laura heads the administrative department in a hospital. Her job involves ensuring that work in the hospital runs smoothly, managing the staff, inventory management, and maintaining the requisite standard in hospital hygiene and patient care. As her […]
Human Resources Chapter 13 2 Which type of power exists when a person has control over punishments in an organization
43. (p. 420) Joanne is the store manager at Glitter, a jewelry store. New merchandise has arrived which needs to be priced and displayed soon, before the festive season. She asks all the sales staff to stay back after work […]
Human Resources Chapter 13 1 From time to time, leaders need to resist the influence of other leaders or higher-ups to do what’s best for their own unit
1. (p. 419) From time to time, leaders need to resist the influence of other leaders or higher-ups to do what’s best for their own unit. TRUE In addition to influencing others, power can be seen as the ability to […]
Human Resources Chapter 12 4 Which of the following refer(s) to the degree to which teams are capable of remaining together as ongoing entities
98. (p. 397) _____ memory refers to how specialized knowledge is distributed among members in a manner that results in an effective system of memory for the team. A. Cohesive B. Normative C. Transactive D. Potency E. Bounded rational Transactive […]
Human Resources Chapter 12 3 What synchronizes team members’ activities in a way that makes them mesh effectively and seamlessly
AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 12-02 What are teamwork processes; and what are some examples of team activities that fall into this process category? Topic: Team Processes and Communication 70. (p. 389–390) Which […]
Human Resources Chapter 12 2 When members of a team exert less effort when working on team tasks than they would if they worked alone on those same tasks, the phenomenon is called
41. (p. 384) Mark, David, Tia, and Ashley are team members in a computer programming class. They have been assigned the task of creating a computerized payroll system. Mark and Tia worked very hard and created programs that worked well. […]