Robert May

question Macroeconomics is mostly focused on: the individual markets within an economy. only the largest industries in the economy. the economy as a whole. why specific businesses fail answer The economy as a whole question The two topics of primary concern in macroeconomics are: short-run fluctuations in output and employment, and long-run economic growth. unemployment, […]

question ____ is used to reveal the meaning of data. answer Information question Accurate, relevant, and timely information is the key to ___. answer Good decision making question End-user data is _____. answer row facts of interest to the end-user question ____ provides a description of the data characteristics and the set of relationships that […]

question management by objectives answer Ray, the CEO of Textiles Inc., believes the goals of the company must be divided into smaller departmental and individual goals, and the accomplishment of these smaller goals will result in accomplishment of the bigger goals of the company. In the context of measuring performance results, Ray’s belief can be […]

question The concept of retaliation develops into a system of criminal law when it becomes customary for the victim of the wrongdoing to a. take revenge on the person who wronged them. b. start a vendetta against the wrongdoer’s family. c. report the crime to the proper authorities. d. accept something else instead of blood […]

question A good that consumers demand less when their incomes increase answer What are inferior goods? question Interaction of supply and demand answer What determines the price and quantity produced of most goods? question Efficient economy answer How would you describe an economy that uses its resources to make the greatest possible number of goods […]

question The Real Components of TQM answer Guests will overlook missing amenities if the product they came for is delivered. TQM begins in the guest room question Bedding answer Mattress quality is key but there is more to a bed than a mattress. There are linens and pillows. Most hotels triple sheet their beds and […]

question Proprietorship answer Unincorporated business owned by one individual question Advantages of Proprietorship answer 1. Easy and inexpensive to form 2. Subject to few government regulations 3. Taxed like an individual question Disadvantages of Proprietorship answer 1. Proprietor has unlimited liability for business debts 2. Life of proprietorship is limited to time the creator owns […]

question Which of the following factors determines the structure, features, and functions of the information system used in a company? answer the competitive strategy question Porter’s five forces model is used to asses answer industry structure question According to Porter’s five forces model, which of the following firms would be least affected by the threat […]

question Sudden unexpected surges in anxiety with physical symptoms, including increased heartbeat, shortness of breath, and loss of equilibrium, are symptoms most closely associated with which psychological disorder? answer Panic Disorder question According to Maslow, basic human needs are ranked in the following order (base of the pyramid to the top) as they DECREASE in […]

question Personal Selling answer the two-way flow of communication between a buyer and seller, often in a face-to-face encounter, designed to influence a person’s or group’s purchase decision question Sales Management answer involves planning the selling program and implementing and evaluating the personal selling effort of the firm question Relationship Selling answer the practice of […]

question An example of a durable good would be answer a used car question Compared with the expenditure approach to calculating GDP, the income approach is answer more accurate question The main economic variables that affect business cycles include all fo the following EXCEPT answer personal savings levels question The agency that maintains the National […]

question t or f, the exchange of data in a standardized format through computer systems is known as electronic data interchange. answer T question the newest version of electronic claims submission is known as 6020 and was required effective February 1 2012 answer F question the national provider identifier identifies each individual health plan and […]

question Which of the following is true of centralization in an organization? answer Authority is concentrated at the top of the managerial hierarchy. question Which of the following statements indicates that Megabytes Inc. has implemented an organic structure? answer At Megabytes, authority is decentralized to middle and first-line managers. question The management theory that focuses […]

question A ___ server tracks who is logging on to the network as well as which services on the network are available to each user -file -application -authentication -dedicated answer authentication question a ___ network can contain servers as well as individual computers -switch -star -peer-to-peer -client/server answer client/server question A ___ is a group […]

question The law governing limited liability companies is uniform. answer False question Members of limited liability companies are shielded from personal liability in many situations. answer True question The alter-ego theory can be applied to a corporation, but not a limited liability company. answer False question Limited liability companies are entities apart from their owners. […]

question A Hispanic student who does not look her teacher in the eye is very likely doing so because she __________. answer respects her teacher question Blauner’s “internal-colonialism” refers to __________. answer the large number of African Americans trapped in ghettos question __________ constitute the largest non-Hispanic immigrant population from the Caribbean. answer jamaica question […]

question Business Law answer consists of enforceable rules of conduct that govern commercial relationships. question Private Law answer regulates disputes between private individuals or groups question Public Law answer controls disputes between private individuals or groups and their government= question Civil Law answer delineates the rights and responsibilities implied in relationships between persons and between […]

question The simplest form of business is a sole proprietorship answer T question A sole proprietorship lacks continuity on the death of the proprietor, answer T question A sole proprietor has unlimited liability for all obligations that arise in doing business. answer T question The Uniform Partnership Act governs the operation of partnerships answer F […]

question When it comes to grammar and spelling, todays employers generally answer Expect employees to follow accepted standards question A communication climate that promotes honesty and the sharing of negative information answer Open question Expressing an idea in words or images within the communication process answer Encoding question Knowledge WorkersEmployees at all levels of an […]

question the management and board of directors of the targeted firm disapprove of the proposed merger. answer A hostile takeover is a situation in which question S-corporation answer Which of the following has a restriction on the number of owners, members, or stockholders? question It does not pay special state and federal taxes that corporations […]

question The form of business ownership that is least subject to legal red tape is ___. (CH5) answer Sole Proprietorship question A ___ joins firms in the same industry that wish to diversify, increase their customer base, cut costs, or offer expanded product lines. (CH5) answer Horizontal Merger question The form of business ownership that […]

question warning of an open shippment answer In the Magpie Sensing case study, the automated collection of temperature and humidity data on shipped goods helped with various types of analytics. Which of the following is an example of predictive analytics? -optimal temperature setting -real time reports of the shipment’s temperature Correct -warning of an open […]