question

The phrase "the bottom line" refers to:

answer

Net Income

question

Which of the following would tell you about a firm's degree of "liquidity?"

answer

How easy you can convert assets to cash

question

As a publicly traded company, Ford Motor company has to construct a consolidated 10-Q every quarter. Who do they submit the report to?

answer

Securities and Exchange Commission (SEC)

question

Which of the following activities could be used to generate cash for the business?

answer

Operating activities Investing activities Financing activities

question

Company leaders consider which of the following measures to be the most important indicator of financial strength?

answer

Liquidity

question

When a firm grows by mergers and acquisitions, we call this:

answer

Inorganic Growth

question

The _____ Act criminalized securities fraud and toughened penalties for corporate fraud

answer

Sarbanes-Oxley

question

A(n) _____ is the personal satisfaction and enjoyment that a person feels from attaining a goal.

answer

Intrinsic reward

question

Theory X and Theory Y are most closely associated with:

answer

Employee Motivation by Douglas McGregor

question

The approach which suggests that imagination, ingenuity, and creativity can help solve organizational problems is:

answer

Theory Y

question

_____ involves determining, through observation and study, the specific tasks that comprise a job and the knowledge, skills, and abilities necessary to perform the job.

answer

Job Analysis

question

Financial compensation falls into two general categories:

answer

Wages and Salaries

question

If a neutral party is brought in to settle a labor-management dispute and if his or her solution is legally binding and enforceable, the neutral party is most likely to be involved in ____.

answer

Arbitration

question

What motivates employees to perform on the job is the focus of ____, which is the study of the behavior of individuals and groups in organizational settings.

answer

Human Relations

question

Which of the following is true of the responsibilities of the people involved in a business?

answer

It is the primary responsibility of the owners to provide financial resources for the operations of the business

question

What is the primary lesson to be learned from the economic scandals of the early 21st century?

answer

Ethical conduct and corporate social responsibility are very important (increased profits)

question

A video gaming company was investigated for allegedly raising prices of its video game consoles during the Christmas shopping season and thereby manipulating the supply of games available at that time. This ethical issue is primarily concerned with:

answer

Fairness and Honesty

question

Which of the following is NOT a category of cash flow listed on the cash flow statement?

answer

Whatever option isn't Financing, Investing or Operating

question

What are the fundamentals of the accounting process?

answer

Assets = Liabilities + Owners Equity

question

Which of the following is the first step in a typical motivation process?

answer

(Identifying) Need

question

Frederick Taylor proposed ____.

answer

Employees should be paid based on seniority, Differential Rate system

question

If a manager is concerned about doing the work with the least cost and waste, then her primary managerial concern is:

answer

Efficiency

question

_____ planning is conducted on a long-range basis by top managers

answer

Strategic

question

_____ refers to a firm's shared values, beliefs, traditions, philosophies, rules, and role models for behavior.

answer

Organizational Culture

question

The specific operations of the organization, plant, division, or department would most typically involve the _____ of the company.

answer

Middle Management

question

_____ are very short-term plans that specify what actions individuals, work groups, or departments need to accomplish in order to achieve the tactical plan and ultimately the strategic plan.

answer

Operational plan

question

Which of the following is a formal expression of an organization's culture?

answer

Code of ethics

question

Which of the following statements is true about organizational structure?

answer

Could be: (specifies the firm's formal reporting relationships, procedures, controls, and authority and decision-making processes.)

question

Which of the following is a disadvantage of job specialization?

answer

Employees become bored, job dissatisfaction, poor quality work, increased injuries, increased employee turnover.

question

In the context of the evolution of the marketing concept, the era of production orientation was characterized by ____.

answer

The development of new technologies that made it possible to manufacture goods with ever increasing efficiency

question

Marketing activities best create value by:

answer

Allowing individuals and organizations to obtain what they need and want

question

When a packer in the frozen foods section of a grocery store labels a meat steak with little or no fat as "AA" and another meat steak with more fat as "AB," the packer is primarily engaging in the marketing function of ____.

answer

Grading

question

Which of the following products is most suitable for selling through a total-market approach?

answer

Salt and Sugar

question

Industrial products such as lumber, cotton, and iron ore are classified as:

answer

Raw Materials

question

If a company is eliminating certain models of a product and cutting back on expenditures, the product is most likely in the _____ stage of the product life cycle.

answer

Decline

question

Which of the following statements is true about digital media in the context of business?

answer

It can also improve communication within and between businesses

question

In a socialist economic system:

answer

An economic system in which the government owns and operates basic industries but individuals own most businesses. Democratic and recognize individual freedoms. High taxes and unemployment higher standard of living

question

The Sarbanes-Oxley Act was passed to:

answer

Help restore confidence in corporate America

question

Which of the following is likely to be an impact of a decrease in the value of yen in relation to dollar?

answer

Imports would become relatively expensive for Japanese consumers

question

Colombia can produce coffee much more efficiently than it can produce other items; this gives Colombia a(n) ____ advantage.

answer

Comparative Advantage

question

A favorable balance of trade exists when a country:

answer

Exports are greater than imports

question

Which of the following is true of the transformation process?

answer

Definition: Changes made in a business or other organization which improve the company's employee and management participation in the development of the business. A transformation process can give a failing business new life and can improve the smooth operation of any company.

question

Viewed from the perspective of operations, the money used to purchase a carpenter's tools and the electricity used to run his power saw are:

answer

Inputs

question

An inner drive that directs a person's behavior toward goals is called ____.

answer

Motivation

question

_____ is the difference between a desired state and an actual state.

answer

Recognition

question

Which stage of the employee selection process allows management to obtain detailed information about an applicant's experience and skills, reasons for changing jobs, and an idea of whether the person would fit in with the company?

answer

Interviewing

question

. _____ is the chance of loss associated with marketing decisions.

answer

Risk (taking)

question

During which of the following stages of the product development process are most new product ideas rejected because they seem inappropriate for an organization?

answer

Screening

question

If a nationwide sandwich shop introduces a new sandwich in the Midwest to try out its marketing strategy before offering the product across the country, it is in the _____ stage of the product development process.

answer

Test Marketing

question

In the context of digital communication, _____ is the ability of the marketer to identify customers before they make a purchase.

answer

Addressability

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