Archives: Quiz
978-0073524597 Test Bank Chapter 7 Part 3
Chapter 07 – Management and Leadership 7-41 148. Chapter 07 – Management and Leadership Accounting and finance are important for control systems because they provide the numbers management needs to evaluate progress. Answer: True Page: 196 AACSB: Reflective Thinking Bloom’s: […]
978-0073524597 Test Bank Chapter 7 Part 2
Chapter 07 – Management and Leadership 7-21 A CEO is often the president of the firm and is responsible for developing the strategic plans. 78. The recent recession eliminated many middle managers giving the remaining managers more employees to supervise. […]
978-0073524597 Test Bank Chapter 7 Part 1
Chapter 07 – Management and Leadership True / False Questions 1. The main job of managers today is to watch over people to be sure they do what the manager asks of them. Answer: False Page: 180-181 AACSB: Reflective Thinking […]
978-0073524597 Test Bank Chapter 6 Part 6
Chapter 06 – Entrepreneurship and Starting a Small Business Chris is an angel investor. This means that he: A. invests his money in new businesses with potential for growth, hoping for a good return on his investment if they go […]
978-0073524597 Test Bank Chapter 6 Part 5
Chapter 06 – Entrepreneurship and Starting a Small Business 6-81 244. The Making Ethical Decisions box, “Going Down with the Ship” addresses a dilemma worthy of consideration. It describes: A. an unethical situation where the business owner’s need for capital […]
978-0073524597 Test Bank Chapter 6 Part 4
Chapter 06 – Entrepreneurship and Starting a Small Business 206. Jake is an innovative engineering graduate who works for a large company that makes adhesive products for commercial and consumer use. One of his primary responsibilities is to initiate and […]
978-0073524597 Test Bank Chapter 6 Part 3
Chapter 06 – Entrepreneurship and Starting a Small Business 156. Because college students realize the importance of nursing homes for our aging population, students comprise an attractive market for nursing home insurance policies. Feedback: A market consists of people who […]
978-0073524597 Test Bank Chapter 6 Part 2
Chapter 06 – Entrepreneurship and Starting a Small Business If you go through the exercise of preparing a business plan, only to determine that you need twice the amount of money to start the business than you have, the SBA […]
978-0073524597 Test Bank Chapter 6 Part 1
Chapter 06 – Entrepreneurship and Starting a Small Business 6-1 True / False Questions 1. Entrepreneurship involves accepting the risk of starting and running a business. 2. Entrepreneurship is another name for management. Answer: False Page: 148 AACSB: Reflective Thinking […]
978-0073524597 Test Bank Chapter 5 Part 8
Chapter 05 – How to Form a Business Which of the following people would be most interested in participating in a business organized as a cooperative? A. Joe is intrigued by the idea of combining his time and resources with […]
978-0073524597 Test Bank Chapter 5 Part 7
Chapter 05 – How to Form a Business 5-121 Opening and operating a franchise in a different country: A. Is illegal according to the Clayton Antitrust Act. B. Is no different than setting up a franchise in the domestic market. […]
978-0073524597 Test Bank Chapter 5 Part 6
Chapter 05 – How to Form a Business 5-101 A few years back, your three U.S. born friends that live in the State of Wyoming inherited a dude ranch that they plan to turn into a retirement haven for race […]
978-0073524597 Test Bank Chapter 5 Part 5
Chapter 05 – How to Form a Business 5-81 Finley is a limited partner in Gettout & Associates. Heywood U. Gettout, one of the general partners in the company, must temporarily leave the company to attend to some personal matters. […]
978-0073524597 Test Bank Chapter 5 Part 4
Chapter 05 – How to Form a Business 5-61 192. The __________ is the most common form of business ownership. A. partnership B. corporation C. joint venture D. sole proprietorship Answer: D Page: 116 AACSB: Reflective Thinking Bloom’s: Knowledge Learning […]
978-0073524597 Test Bank Chapter 5 Part 3
Chapter 05 – How to Form a Business 5-41 A horizontal merger refers to a merger between two companies that serve entirely different markets. 132. A horizontal merger refers to a merger between two companies in the same industry, and […]
978-0073524597 Test Bank Chapter 5 Part 2
Chapter 05 – How to Form a Business 5-21 In today’s economy, only large business enterprises should operate as corporations. 63. The owners of a corporation are known as general corporate partners. Answer: False Page: 123 AACSB: Reflective Thinking Bloom’s: […]
978-0073524597 Test Bank Chapter 5 Part 1
Chapter 05 – How to Form a Business True / False Questions 1. The corporation is the most common form of business ownership. Answer: False Page: 116 AACSB: Reflective Thinking Bloom’s: Knowledge Learning Goal: 05-1 Level of Difficulty 1: Knowledge […]
978-0073524597 Test Bank Chapter 4 Part 6
Chapter 04 – Demanding Ethical and Socially Responsible Behavior 4-96 255. Last year the Bank of Plenty, Inc. made an all-out-effort to go paperless. The bank’s public relations arm promoted the strategy both internally and externally. Customers were strongly encouraged […]
978-0073524597 Test Bank Chapter 4 Part 5
Chapter 04 – Demanding Ethical and Socially Responsible Behavior 229. Business is under pressure from society to be more socially responsible. However, even the strongest advocates for corporate responsibility can’t seem to agree: A. on what social responsibility involves. B. […]
978-0073524597 Test Bank Chapter 4 Part 4
Chapter 04 – Demanding Ethical and Socially Responsible Behavior 4-61 Creating competition between employees within the corporation: A. can encourage employees to deceive customers. B. should focus on improving corporate profit. C. must be ignored when corporate ethics are developed. […]
978-0073524597 Test Bank Chapter 4 Part 3
Chapter 04 – Demanding Ethical and Socially Responsible Behavior While “doing the right thing” is an admirable code of ethics, there are no international organizations dealing with global ethics and corruption. Feedback: Several international organizations have entered into agreements to […]
978-0073524597 Test Bank Chapter 4 Part 2
Chapter 04 – Demanding Ethical and Socially Responsible Behavior 71. Since most ethics violations are small and rather insignificant in nature, employees need to understand that addressing these issues is secondary to making profits. CEOs may be justified in putting […]
978-0073524597 Test Bank Chapter 4 Part 1
Chapter 04 – Demanding Ethical and Socially Responsible Behavior 4-1 1. The Enron scandal illustrates the difference between unethical behavior and illegal behavior. Answer: False Page: 90 AACSB: Ethics Bloom’s: Knowledge Learning Goal: 04-1 Level of Difficulty 1: Knowledge of […]
978-0073524597 Test Bank Chapter 3 Part 7
Chapter 03 – Doing Business in Global Markets 3-120 Responding to pressure from political lobbyists representing the U.S. steel industry, the U.S. government levies a tax on steel products imported from Europe. This is an example of a(n): A. protective […]
978-0073524597 Test Bank Chapter 3 Part 6
Chapter 03 – Doing Business in Global Markets Casey is typical of many U.S. businesspeople. Casey feels the U.S. culture defines the model for the rest of the world, and that the “American way” of doing things is the best. […]
978-0073524597 Test Bank Chapter 3 Part 5
Chapter 03 – Doing Business in Global Markets 3-81 A __________ is a partnership in which two or more companies (often from different countries) join together and share the risk and costs in order to undertake a major project. A. […]
978-0073524597 Test Bank Chapter 3 Part 4
Chapter 03 – Doing Business in Global Markets 3-61 Which of the following statements best describes the theory of comparative advantage? A. The best way for a nation to ensure full employment is to be totally self-sufficient rather than relying […]
978-0073524597 Test Bank Chapter 3 Part 3
Chapter 03 – Doing Business in Global Markets 3-41 A complete ban on the import or export of a specific good is called an embargo. 139. Restrictive standards that detail exactly how a product must be sold in a country […]
978-0073524597 Test Bank Chapter 3 Part 2
Chapter 03 – Doing Business in Global Markets Any corporation that exports at least 50% of its total output can be classified as a multinational corporation. Answer: False Page: 70-71 AACSB: Reflective Thinking Bloom’s: Knowledge Learning Goal: 03-3 Level of […]
978-0073524597 Test Bank Chapter 3 Part 1
Chapter 03 – Doing Business in Global Markets True / False Questions 1. Today, over 90% of the companies doing business globally believe it is important for their employees to have experience working in other countries. Answer: True Page: 60 […]
978-0073524597 Test Bank Chapter 2 Part 7
Chapter 02 – Understanding Economics and How It Affects Business 298. Which of the following statements about the Federal Reserve Bank (the Fed) is most accurate? A. The Fed is an agency of the U.S. Treasury Department that has the […]
978-0073524597 Test Bank Chapter 2 Part 6
Chapter 02 – Understanding Economics and How It Affects Business 2-101 __________ unemployment results when the demand for labor varies during the year. A. Frictional B. Structural C. Cyclical D. Seasonal 263. The _________ is a statistic used to compute […]
978-0073524597 Test Bank Chapter 2 Part 5
Chapter 02 – Understanding Economics and How It Affects Business 220. A rare and scarce earth metal known as Neodymium is used in many consumer and military products including smart-phones, smart-bombs, laptop computer monitors, and electric/hybrid cars. In one year’s […]
978-0073524597 Test Bank Chapter 2 Part 4
Chapter 02 – Understanding Economics and How It Affects Business 2-61 Thomas Malthus was pessimistic about the ability of a society to achieve high standards of living for most of its citizens because he believed that: A. Government has a […]
978-0073524597 Test Bank Chapter 2 Part 3
Chapter 02 – Understanding Economics and How It Affects Business 2-41 It is understandable that productivity is rising faster in the service sector because service businesses have newer technologies than the manufacturing sector and fewer laborers. Feedback: A problem in […]
978-0073524597 Test Bank Chapter 2 Part 2
Chapter 02 – Understanding Economics and How It Affects Business 2-21 64. As you scan the national news online, you read about the BXY Utility Company’s latest problems. The story describes an expansive retaining wall that collapsed during a flood […]
978-0073524597 Test Bank Chapter 2 Part 1
Chapter 02 – Understanding Economics and How It Affects Business 2-1 1. America’s business success is largely due to an economic and social climate that allows businesses to operate freely. Answer: True Page: 30 AACSB: Reflective Thinking Bloom’s: Knowledge Learning […]
978-0073524597 Test Bank Chapter 1 Part 7
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment 306. During the past 150 years, the U.S. has evolved from: A. An agrarian economy to an information technology economy. B. A business to business economy to […]
978-0073524597 Test Bank Chapter 1 Part 6
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment 1-101 271. Which of the following statements best describes how firms must treat their front-line workers in order to remain competitive? Front-line workers must be ____________. A. […]
978-0073524597 Test Bank Chapter 1 Part 5
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment 1-81 Jay and Jim Spears own a lawn irrigation system business. They perform installations and maintenance of these systems. Several of their customers are golf courses, but […]
978-0073524597 Test Bank Chapter 1 Part 4
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment 1-61 Which of the following is the most accurate statement about the impact of business on society? A. When businesses earn a profit for their owners, they […]
978-0073524597 Test Bank Chapter 1 Part 3
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment 1-41 133. Rob is an emergency room nurse at a local hospital in Texas. On a weekly basis, he will serve a number of patients who are […]
978-0073524597 Test Bank Chapter 1 Part 2
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment 1-21 One way for a government to actively promote entrepreneurship is to establish a currency that’s tradable in world markets so that you can buy and sell […]
978-0073524597 Test Bank Chapter 1 Part 1
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment True / False Questions 1. Businesses provide goods, jobs, and services to others. Answer: True Page: 4 AACSB: Reflective Thinking Bloom’s: Knowledge Learning Goal: 01-1 Level of […]
978-0073524597 Test Bank Bonus D Part 5
Chapter Bonus D – Managing Personal Finances 242. The increase in the number of retirement plans approved by the federal government likely indicates that: A. the government budget is approaching a surplus. B. most people have faith in the troubled […]
978-0073524597 Test Bank Bonus D Part 4
Chapter Bonus D – Managing Personal Finances 200. Which of the following is a new form of term insurance that guarantees fixed premiums for the life of the policy? A. Universal life insurance B. Planned annuity life insurance C. Declining […]
978-0073524597 Test Bank Bonus D Part 3
Chapter Bonus D – Managing Personal Finances BonusD-41 Once you have set up a budget and handled your ordinary expenses, the first thing to do with any extra money you have is to: A. start a savings plan. B. pay […]
978-0073524597 Test Bank Bonus D Part 2
Chapter Bonus D – Managing Personal Finances 83. Variable annuities offer investment choices identical to mutual funds. Answer: True Page: D-11 AACSB: Reflective thinking Bloom’s: Knowledge Learning Goal: D-3 Level of Difficutly 1: Knowledge of key terms Topic: Protecting Your […]
978-0073524597 Test Bank Bonus D Part 1
Chapter Bonus D – Managing Personal Finances True / False Questions 1. The value of education is often exaggerated when searching for a good job. Answer: False Page: D-2 AACSB: Reflective thinking Bloom’s: Knowledge Learning Goal: D-1 Level of Difficutly […]
978-0073524597 Test Bank Bonus C Part 3
Chapter Bonus C – Managing Risk 125. According to the Law of Large Numbers, if 26 out of 100 homes are likely to sustain earthquake damage in a 30-year period of time in San Jose, California, and 12 out of […]