Intro To Bus101

Risk is associated with reward. Business people take a risk that their business might fail in order to get a reward, which is

 

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Question 21 pts

Which of the following is NOT true about knowledge workers?

 

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Question 31 pts

Which of the following is NOT true about society’s demand curve?

 

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Question 41 pts

In a publicly traded, for profit business corporation, the owners are the

 

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Question 51 pts

Which of the following is NOT one of the trends in e-commerce today?

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Question 61 pts

Peter van Stolk, founder of Jones Soda, develops offbeat flavors that appeal to teens, who he knows are also interested in the Internet and extreme sports. Peter van Stolk has a good understanding of his company’s target group.

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Question 71 pts

One of the most significant drawbacks of international mergers and acquisitions is the difficulty of integrating the operations, finances, and cultures of two very different organizations.

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Question 81 pts

Which of the following is NOT one of the benefits of free trade among nations?

 

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Question 91 pts

Who or what benefits most from barriers to trade, also called protection?

 

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Question 101 pts

Japan limits the amount of foreign-grown rice that can be sold in that country by imposing a very high import tax. This protects high-cost domestic rice producers because it forces rice importers to raise prices, making imported rice less competitive against rice grown in Japan. This type of trade barrier is called

 

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Question 111 pts

Globalization is

 

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Question 121 pts

When Home Depot donated millions of dollars of supplies to victims of hurricanes in New Orleans, it was primarily adopting a societal responsibility model of business governance.

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Question 131 pts

A U.S. corporation’s decision to reincorporate in Bermuda may be both legal and unethical.

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Question 141 pts

Jeffrey Wigand was a research scientist employed by Brown & Williamson, a tobacco firm, until he was fired following his public statements about the dangers of cigarettes. Wigand was acting as a

 

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Question 151 pts

Elsa, Steve, and Adrienne formed a partnership to own and operate a wine shop. Elsa manages the shop and Steve travels the world buying wine. Adrienne contributed some start-up capital but does not help to run the business. Therefore, it is likely that

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Question 161 pts

Economies of scale occur when

 

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Question 171 pts

Which of the following is NOT a characteristic common to most entrepreneurs

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Question 181 pts

Which of the following statements sounds most like an entrepreneur?

 

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Question 191 pts

Which of the following is NOT one of the four basic functions of management

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Question 201 pts

An organization chart represents the

 

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Question 211 pts

Looking at their employer’s organization chart, Lisa’s name appears in a box that is directly underneath Nellie’s box and a line connects the two boxes. This means that

 

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Question 221 pts

When managers delegate the __________ for achieving some result to a subordinate, it is very important that they also delegate the __________, to ensure that the subordinates have the power to accomplish the result.

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Question 231 pts

Which of the following is NOT one of the trends having a significant impact on human resources management in the U.S. today?

 

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Question 241 pts

Job analysis consists of

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Question 251 pts

Of all of the resources commanded by a corporation, which is most likely to lead to a long-term competitive advantage?

 

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Question 261 pts

Willie says, “I love volunteering at Big Brothers. It’s great to see the happiness on a boy’s face when I take him to a ball game or read a book with him.” Willie’s motivation is

 

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Question 271 pts

Gordon, a salesperson, says, “My work requires long hours and lots of travel that I don’t like, but the pay is great.” Gordon’s motivation is

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Question 281 pts

Which of the following is NOT part of the marketing mix?

 

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Question 291 pts

Which of the following is the psychological factor that involves the awareness of cues or stimuli?

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Question 301 pts

Which of the following is considered to be the most important reference group?

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Question 311 pts

Information about which of the following aspect of competitors’ operations is considered to be the least important?

 

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Question 321 pts

Which of the following is NOT relevant for formulating objectives?

 

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Question 331 pts

Which of the following is NOT recommended for a brand name?

 

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Question 341 pts

What percentage of new products fail?

 

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Question 351 pts

Which of the following is NOT a post presentation activity that salespeople need to perform?

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Question 361 pts

Which of the following is NOT indicated in the text as a recommendation as to how to successfully close.

 

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Question 371 pts

Which of the following is NOT identified in the text as a part of a code of ethics for salespeople?

 

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Question 381 pts

Accounting is

 

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Question 391 pts

Theodore Roosevelt, speaking about the importance of ethics education, said, “To educate the person in mind and not in __________ is to educate a menace to society.”

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Question 401 pts

The simplest form of business organization is the corporation

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Question 411 pts

Most large organizations do not use just one type of departmentalization. Rather, they mix elements of several types.

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Question 421 pts

A list of the duties, working conditions, and responsibilities of a job is called a job description.

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Question 431 pts

Internal recruiting is likely to lead to more resentment among current employees than is external recruiting.

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Question 441 pts

For a team approach to be successful in an organization, the company should focus on team accomplishments and lessen individual achievements.

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Question 451 pts

Workers at Ford’s engine manufacturing plant in Cleveland learn how to do each task within their work unit, and then take turns performing each task. This is an example of job rotation.

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Question 461 pts

For some products, the cost of their packages may exceed the costs of their contents.

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Question 471 pts

When setting prices for their products or services, companies must consider the amount of marketing support they will receive.

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Question 481 pts

Digital advertising is the fastest growing advertising medium.

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Question 491 pts

The Sarbanes-Oxley Act of 2002 increased oversight of accountants and increased the penalties for professional misconduct.

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Question 501 pts

In a small sole proprietorship, direct observation by the proprietor is a useful internal control on accounting systems.