Lewis Gardner

question D. Because investment objectives deal with the future, it is useless to make long-term goals. answer Which of the following is NOT a true statement? A. No one is going to make you save the money you need to start an investment program. B. To be useful, investment objectives must be specific and measurable. […]

question Production answer Is the creation of goods and services using the factors of production. question Production Management answer Describe all the activities managers do to help companies create goods. question Operation Management answer The management of system or processes that convert or transform resources into goods and services. question Value-added answer The term used […]

question data answer Raw facts that describe the characteristics of an event or object. question information answer Data converted into a meaningful and useful context. question variable answer A data characteristic that stands for a value that changes or varies overtime. Changing these allows managers to create hypothetical scenarios to study future possibilities. question Business […]

question In addition to calculating the potential profitability of a market segment, marketers will also consider what? answer customer loyalty, defection rates, the cost of replacing customers, likely future sales to customers. question Airlines were among the first retailers to embrace loyalty segmentation when they created what? answer frequent flyer programs. question Toothpastes sold in […]

question Which processes have an impact on an organization’s finances? answer Project Management processes, Material planning process, Procurement process question Which of the following are components of the procurement process? answer Warehouse, Purchasing, Accounting question Which of the following activities are related to the fulfillment process? answer Locate Materials, Prepare Shipment, Ship to Customer question […]

question Economists assume that the typical person who starts her own business does so with the intention of answer maximizing profits question Total revenue equals answer price x quantity question The amount of money that a firm pays to buy inputs is called answer total cost question Profit is defined as total revenue answer minus […]

question Moore’s law accounts for the rapid increase in power and reduction in both size and price of computer equipment over the past 35 years. answer True question In today’s hypercompetitve business environment, capital (i.e., money) is still more important than information for businsess success. answer False question Raw data contaim useful information that communicate […]

question Which of the following is true of globalization? A. Only small companies are affected by it. B. Only large companies are affected by it. C. A company’s talent should come only from within the country. D. A company’s talent can come from anywhere. E. The global marketplace is stable and unchanging. answer D. A […]

question what type of consumer promotion is an art contest run by a cereal company that is offering a trip to Disneyland for the winner? answer incentives question what is a special price discount that is given as an incentive to wholesalers and retailers? answer promotional allowance question the business often has the least control […]

question Theory X perceives employees as lazy and unmotivated to do good work answer X question A recent study by the AFL-CIO stated that today the average annual pay for top executives at over 300 major US companies as 12,000,000 answer 12,000,000 question Good management begins with you having the proper attitude towards your employees […]

question E.L. Thorndike answer law of effect question Kurt Lewin answer theory of association question Ivan Pavlov answer classical conditioning question John B. Watson answer founded school of behaviorism question B.F. Skinner answer operant conditioning question Albert Bandura answer modeling through Bobo doll question Wilhelm Wundth answer founder of psychology question William James answer father […]

question Good faith answer the duty to honestly adhere to the contract’s common purpose. Under this obligation neither party can do anything to prevent the other party from enjoying the “fruits of the contract.” Instead, both must try to make the deal work as written question Complete Performance answer both parties complete all terms of […]

question A(n)_____ is referred to as a task within a business process answer Activity question A ________ is referred to as a subset of the activities in a business process that is performed by a particular individual. answer Role question Decisions in the BPMN model are represented by ________. answer Diamonds question In the BPMN […]

question If a sample of items is taken and the mean of the sample is outside the control limits, the process is: A) likely out of control and the cause should be investigated. B) in control, but not capable of producing within the established control limits. C) within the established control limits with only natural […]

question The head of the marketing department at CBS Environmental, Inc. supervises twelve people in her department. This represents her answer span of management. question The various tasks in IBM’s manufacturing plant are arranged so that one worker draws the wiring, another strengthens the wires, a third cuts them, a fourth inserts them, and a […]

question There are various categories of resources, both people and processes, which IHR managers and others must develop and maintain; in particular it is essential for them to ____ answer develop effective global management teams question Effective human resource management of a company’s global cadre ends with ____ answer successful repatriation of the executive into […]

question unstructured decision answer Decision maker must provide judgment to solve problem Novel, important, non-routine No well-understood or agreed-upon procedure for making them; decided by senior management; ex. decide entry or exit from markets, approve capital budget, decide long-term goals question structured decision answer Repetitive and routine Involve definite procedure for handling them so do […]

question Which of the following is true about employee benefits? answer Impact of legal regulations on benefits is greater than they are on direct compensation. question Which of the following is a unique aspect of benefits? answer Organizations so typically offer them that they have become institutionalized. question The _____ tax rate is the percentage […]

question Diagnosis Related Groups answer Inpatient hospital cases classified into groups that are expected to consume similar hospital resources. Example: Hospital inpatient are discharged once the acute illness has passed and are transferred to outpatient care facility such as rehab. home health care. question Purpose of the Joint Commission answer To help health care facilities […]

question Which body of water borders Europe to the north? answer Arctic Ocean question Which of the following is the largest of the European peninsulas? answer Scandinavian Peninsula question Which has the largest economy? answer European Union question ) Less than 10% of Europeans work in this employment sector. answer agriculture question This has been […]

question The main principles of internal control include which of the following: A. Establish responsibilities. B. Maintain minimal records. C. Use only computerized systems. D. Bond all employees. E. Require automated sales systems. answer A. Establish responsibilities question A good system of internal control: A. Urges adherence to prescribed managerial policies. B. Insures profitable operations. […]

question Virtue Theories answer places importance on the moral character of the individual (the person acting) question Deontological Theories answer places importance on the rightness of the action itself question Consequentialist Theories answer focuses on the outcome and ensuring the most good of the consequences question Kantianism (Kant’s Categorical Imperative) answer Something you have to […]