BA 1100 Final Exam Nobles

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The phrase “the bottom line” refers to:
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Net Income
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Which of the following would tell you about a firm’s degree of “liquidity?”
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How easy you can convert assets to cash
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As a publicly traded company, Ford Motor company has to construct a consolidated 10-Q every quarter. Who do they submit the report to?
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Securities and Exchange Commission (SEC)
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Which of the following activities could be used to generate cash for the business?
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Operating activities Investing activities Financing activities
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Company leaders consider which of the following measures to be the most important indicator of financial strength?
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Liquidity
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When a firm grows by mergers and acquisitions, we call this:
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Inorganic Growth
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The _____ Act criminalized securities fraud and toughened penalties for corporate fraud
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Sarbanes-Oxley
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A(n) _____ is the personal satisfaction and enjoyment that a person feels from attaining a goal.
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Intrinsic reward
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Theory X and Theory Y are most closely associated with:
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Employee Motivation by Douglas McGregor
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The approach which suggests that imagination, ingenuity, and creativity can help solve organizational problems is:
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Theory Y
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_____ involves determining, through observation and study, the specific tasks that comprise a job and the knowledge, skills, and abilities necessary to perform the job.
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Job Analysis
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Financial compensation falls into two general categories:
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Wages and Salaries
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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 ____.
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Arbitration
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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.
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Human Relations
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Which of the following is true of the responsibilities of the people involved in a business?
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It is the primary responsibility of the owners to provide financial resources for the operations of the business
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What is the primary lesson to be learned from the economic scandals of the early 21st century?
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Ethical conduct and corporate social responsibility are very important (increased profits)
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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:
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Fairness and Honesty
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Which of the following is NOT a category of cash flow listed on the cash flow statement?
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Whatever option isn’t Financing, Investing or Operating
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What are the fundamentals of the accounting process?
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Assets = Liabilities + Owners Equity
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Which of the following is the first step in a typical motivation process?
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(Identifying) Need
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Frederick Taylor proposed ____.
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Employees should be paid based on seniority, Differential Rate system
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If a manager is concerned about doing the work with the least cost and waste, then her primary managerial concern is:
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Efficiency
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_____ planning is conducted on a long-range basis by top managers
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Strategic
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_____ refers to a firm’s shared values, beliefs, traditions, philosophies, rules, and role models for behavior.
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Organizational Culture
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The specific operations of the organization, plant, division, or department would most typically involve the _____ of the company.
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Middle Management
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_____ 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.
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Operational plan
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Which of the following is a formal expression of an organization’s culture?
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Code of ethics
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Which of the following statements is true about organizational structure?
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Could be: (specifies the firm’s formal reporting relationships, procedures, controls, and authority and decision-making processes.)
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Which of the following is a disadvantage of job specialization?
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Employees become bored, job dissatisfaction, poor quality work, increased injuries, increased employee turnover.
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In the context of the evolution of the marketing concept, the era of production orientation was characterized by ____.
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The development of new technologies that made it possible to manufacture goods with ever increasing efficiency
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Marketing activities best create value by:
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Allowing individuals and organizations to obtain what they need and want
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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 ____.
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Grading
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Which of the following products is most suitable for selling through a total-market approach?
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Salt and Sugar
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Industrial products such as lumber, cotton, and iron ore are classified as:
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Raw Materials
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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.
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Decline
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Which of the following statements is true about digital media in the context of business?
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It can also improve communication within and between businesses
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In a socialist economic system:
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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
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The Sarbanes-Oxley Act was passed to:
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Help restore confidence in corporate America
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Which of the following is likely to be an impact of a decrease in the value of yen in relation to dollar?
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Imports would become relatively expensive for Japanese consumers
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Colombia can produce coffee much more efficiently than it can produce other items; this gives Colombia a(n) ____ advantage.
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Comparative Advantage
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A favorable balance of trade exists when a country:
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Exports are greater than imports
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Which of the following is true of the transformation process?
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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.
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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:
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Inputs
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An inner drive that directs a person’s behavior toward goals is called ____.
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Motivation
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_____ is the difference between a desired state and an actual state.
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Recognition
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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?
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Interviewing
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. _____ is the chance of loss associated with marketing decisions.
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Risk (taking)
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During which of the following stages of the product development process are most new product ideas rejected because they seem inappropriate for an organization?
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Screening
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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.
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Test Marketing
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In the context of digital communication, _____ is the ability of the marketer to identify customers before they make a purchase.
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Addressability

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