question

Management is defined as the process and behaviors used to motivate and inspire others

answer

False

question

Management is concerned more with planning and organizing then with an agenda setting and inspiring

answer

True

question

Detroit approach of the study of leadership does not initially yield many practical results other than long list of potential leadership attributes

answer

True

question

The behavioral approach to the study of leadership emphasizes the actions taken by ineffective leader rather than any specific trait

answer

True

question

Transformational leadership involves managing change

answer

True

question

Taking over a leadership role from a charismatic leader is less challenging than taking over a leader lacking charisma

answer

False

question

Leadership substitutes may make leadership unnecessary for others

answer

True

question

Leadership neutralizes or tends to outweigh advisability to affect a subordinates performance

answer

True

question

A coaching role may include taking on responsibility as a mentor

answer

True

question

Strategic leadership relates leadership to the role of tough management

answer

True

question

Alice has chosen one alternative among several options. she has just engaged in the decision making process.

answer

True

question

The more important decision, the more attention needs to be directed to developing alternatives.

answer

True

question

Ethical norms, managerial authority, and available technology may all strain decision-making

answer

True

question

Escalation of commitment is the extent to which a decision-maker is willing to gamble when they are making a decision

answer

False

question

The organizations culture is a prime ingredient foresting different levels at risk propensity

answer

True

question

All managers are leaders but not all leaders are manager

answer

False

question

The behavioral approach to the study of leadership identifies two main areas of effective leadership behavior, tree focus behavior, and goal focus behavior

answer

False

question

The job analysis is a systematic analysis of jobs within an organization is something in a job description

answer

True

question

The effective approach to the study of leadership identifies two main areas of effective leadership behavior, trade focus behavior, and goal focus behavior

answer

False

question

Performance appraisal is a design to show workers how well they are doing their jobs

answer

True

question

Labor relations refers to the process of dealing with an employee that are not represented by a union

answer

False

question

In setting ways and salary levels the firm start by looking at the competitors level

answer

True

question

Human resource managers need to forecast the internal and next journal supply of employees

answer

True

question

A solution to a long-term contract based on only cola is called a wage reopener clause that does not allow wage rates to be renegotiated

answer

False

question

Companies often use internal recruitment to build morale and keep high-quality employees from leaving

answer

True

question

When forecasting the internal supply of labor, planners must rely on information from sources such as government reports and figures supplied by colleges on the number of students in major fields

answer

False

question

The number of variable pay programs in the United States has been consistently falling to the last decade and is predicted that they will continue to decline in popularity

answer

False

question

Wages refer to compensation usually expressed as an amount paid per year

answer

False

question

Many firms say that merit raises are better motivators than variable pay

answer

False

question

In a company-sponsored pension plan employees are not allowed or required to make contributions

answer

False

question

The enforcement of equal opportunity legislation is handled by two agencies, EEOC and OFCCP

answer

True

question

The OFCCP is responsible for enforcing executive borders that applied for the company is doing business with health department

answer

False

question

Employers may require an aids test as a condition for an offer of employment

answer

False

question

(--?--) wrapping(?) variables describe populations by identifying traits such as age, aging, income, gender, ethnic background, marital status, race, religion, and social class

answer

False

question

Chronic differentiation is selecting the best price one wishes to sell a product

answer

False

question

Rational motives involve nonobjective factors to include sociability imitation of others and its studies

answer

False

question

When selecting someone to hire the first step in the selecting is usually asking the candidate to take a test

answer

False

question

In recent years some companies have run into problems because they have not set aside enough money to cover the retirement funds they have agreed to provide

answer

True

question

The institutional market is made up of businesses that bike it's to be converted into product's or they are used up during production

answer

False

question

A private brand is a brand-name developed by a wholesaler or retailer for their product

answer

True

question

Buzz marketing relies on television advertising to increase brand awareness

answer

False

question

The formula for value is benefits divided by costs

answer

False

question

Marketing consists primarily of advertising products or services

answer

False

question

Marketing concepts can be extended to the promotion of ideas

answer

True

question

Economic conditions greatly influence marketing plans with product offerings

answer

True

question

A description such as a single age 20 to 24 earnings $30,000 a year is an example of a physiographic barrier

answer

False

question

Sears craftsman tools is an example of a private brand

answer

True

question

The B2B market includes industrial reseller and governmental institution markets

answer

True

question

Packaging Cannonshire advertisement that makes a product attractive, display the brand-name, and identifies features and benefits

answer

True

question

Companies with an existing distribution network are a disadvantage in the global context

answer

False

question

Time utility is created by sales agreement that stipulates where products will be delivered to customers

answer

False

question

Target marketing requires dividing the marketing into categories of consumer type or segments

answer

True

question

The variable cost of a product of those costs have changed due to the conditions of the market

answer

True

question

If prices are set to high the company will make a large profit on each item but will sell fewer items

answer

True

question

Price giving occurs when a company sets and initially low-priced to establish a new product in the market

answer

False

question

Companies using Priceline and often all items in certain product categories are at limited number prices

answer

True

question

Discount houses, catalog showrooms, and factory outlets are examples of product line retailers

answer

False

question

The distribution makes is a combination of the channels that a firm selects to get a product to end-users

answer

True

question

Shopping agents help people shop from factory outlet stores

answer

False

question

The oldest and most expensive form of sales is personal selling

answer

True

question

The only goal of determining prices is to maximize profits for the firm

answer

False

question

Sales promotion or short term promotion activities designed to stimulate customers buying or cooperation from distributors, sales, and sale agents, or other members of the trade

answer

True

question

For making pizzas, the cost of cheeses a fixed cost

answer

False

question

Product price above the market plane are the common assumptions that the higher pricing the higher-quality

answer

True

question

Using the odd even psychology pricing strategy suggest that restaurants should price an entrée at $10 instead of 9.95

answer

False

question

Most business product use distributors from direct channel

answer

True

question

Agents and brokers buy products from manufacturers and then sell them to businesses

answer

False

question

Shopping agents allow customers to purchase product directly from their site

answer

False

question

One drawback of a nondirect distribution is higher prices

answer

True

question

The controller is the company's chief accounting officer

answer

True

question

The firms financial accounting system is only concerned with external uses of information

answer

True

question

An asset is defined as an economic resource expected to benefit of firm or an individual who owns it

answer

True

question

An audit examines whether a firms financial statements form and generally accepted accounting

answer

True

question

Current assets refer to all assets that can be liquidated a short amount of time

answer

True

question

Activity ratio allows investors to compare the relative differences to similar companies

answer

True

question

The primary goal of the standard practices and principles and accounting recording is to ensure external users that information is accurate and has meaning

answer

True

question

The purpose of ethics in an accounting is to maintain public confidence in the business institutions, financial markets, and the products and services of the accounting profession

answer

True

question

The international accounting standards Board is a prominent international organization for global accounting standards

answer

True

question

Book keeping is a comprehensive system for collecting, analyzing, and communicating financial information

answer

False

question

Due to concerns of accounting frauds certified public accountants that are licensed by security can exchange information

answer

False

question

Joe has good reason to suspect that his investments in XYZ manufacturing are being fraudulently recorded and used by the accountants of the company. In order to start an investigation he needs to go to the American Institute of Certified Public Accountants

answer

False

question

In order to increase the quality of the current accountants the CPA vision project has reasserted the ability to use and calculate the large amount of numerical data as a primary confidence for accountants

answer

False

question

Owners equity is net worth minus liabilities

answer

False

question

If the companies assets excuses liabilities, the owners equity is negative

answer

False

question

Assets are characterize as a capacity at which they benefit a company

answer

True

question

The most liquid asset for a firm are marketable securities that can be sold very quickly

answer

False

question

Any object in service money, if it is portable, divisible, durable, and stable

answer

True

question

The M2 money supply includes everything that is in the M1 money supply

answer

True

question

In a mutual savings bank all the depositors are considered owners of the bank

answer

True

question

The banker except as requires payment by a specified payer

answer

True

question

Although the FDIC, two of those are the Federal deposit insurance program

answer

False

question

As the government bank, the feds, lend money to the government

answer

True

question

Like most of the federal government the governors of the Federal Reserve Are democratically elected by the citizens of the United States

answer

False

question

The divisibility characteristic of money is illustrated by a financial companies ability to divide it's monetary aspects among several investments

answer

True

question

The reason why a savings account is not considered a component of the M1 money supply is that it shares interest

answer

False

question

The primary rate of a particular bank is the average interest rate of the commercial loans currently being paid by borrowers from the bank

answer

False

question

Savings and loan associations began primarily to loan money to small to medium sized businesses

answer

False

question

In order to save money on transactional costs the U.S. Treasury is moving to electronics form transfers from payment rather than using checks

answer

True

question

Individual retirement accounts can be opened only by self employees such as doctors, mortgagors, owners, and consultants

answer

False

question

Banks create money through contracts to the government to mint bills and coins

answer

False

question

One of the daily responsibilities of the Federal Reserve system is to regulate the current federal funds rate

answer

False

Intro to business (Final Questions) – Flashcards

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