Questions -
Q1. Which sentence is best:
a. The horse jump the fence.
b. The Horse jump the fence .
c. The horse jumped the fence.
d. Don't pick this, it is the wrong answer! Really, I mean it, don't pick this. It is not a trick!
Q2. Getting good grades in college is a good idea
a. true
b. false
Q3. In legal proceedings leading to a trial, discovery:
a. is encompassed in the instructions the judge provides the jury
b. is the determination of the facts that lead to a verdict
c. provides the conflicting parties with access to information about the actions of the other party
d. is information that investigators unearth through their investigatory efforts
Q4. Which of the following is an example of a law geared toward employment practices?
a. environmental protection
b. affirmative action
c. intellectual property
d. torts
Q5. With corporations, shareholders are liable for the actions and consequences of the company's business operations.
a. true
b. false
Q6. In business law, dealing with civil wrongs is covered under:
a. torts law
b. contract law
c. criminal law
d. international law
Q7. When a company tries to decide whether to produce an item needed in the production process or simply to purchase it from a vendor, it is engaged in:
a. bartering
b. a make-or-buy decision
c. forecasting capacity requirements
d. demand analysis
Q8. An important input into capacity planning in manufacturing companies is:
a. developing advanced technology
b. identifying competitors
c. launching a targeted sales promotion strategy
d. forecasting demand
Q9. The economic order quantity model (EOQ) is used for:
a. plant layout planning
b. market research
c. inventory control
d. research and development
Q10. When your company purchases raw materials from a supplier, this illustrates what kind of e-commerce transaction?
a. business-to-business (B2B)
b. business-to-consumer (B2C)
c. collaborative commerce
d. intra-business
Q11. Information systems that integrate data/information across the organization are called:
a. global systems
b. inter organizational systems
c. transactional systems
d. enterprise systems
Q12. When you buy a product on Amazon.com, this illustrates what kind of e-commerce transaction?
a. business-to-business (B2B)
b. business-to-consumer (B2C)
c. collaborative commerce
d. intra business
Q13. Which of the following organization forms best promotes worker empowerment?
a. self-directed work teams
b. matrix structures
c. chain-of-command
d. machine bureaucracies
Q14. When looking at people's 'hierarchy of needs,' which reflects the outlook of someone who is best motivated by letting him/her find self-fulfillment on the job?
a. self-actualization
b. survival
c. safety
d. need to belong
Q15. Leadership and management are basically the same thing.
a. true
b. false
Q16. Research shows that the best way to motivate employees is to offer them money.
a. true
b. false
Q17. An important function of branding is:
a. to enable vendors to sell products at a competitive discount
b. to get customers comfortable with and familiar with a product so that they purchase it
c. to demonstrate that competing products are inferior to the branded product
d. to enable producers to limit the size of their product line
Q18. An important component of market forecasting is:
a. estimate market size
b. identify vendors in the supply chain
c. develop a branding strategy
d. conduct a price analysis
Q19. The most significant player marketing experts focus on is:
a. senior management
b. middle management
c. government regulators
d. the customer
Q20. Marketing theory points out that when considering competitive forces that your company faces, you need to take into account substitute products.
a. true
b. false
Q21. In looking at the cost of her operations, Mary determines that her monthly rent is $2,100, the hourly wages are $3,200, and the cost of materials consumed are $12,400. What are her variable costs?
a. $2,100
b. $3,200
c. $15,600
d. $17,700
Q22. The balance sheet:
a. looks at a company's assets and liabilities at a single point in time
b. projects cash flow requirements for a company
c. looks at a company's profitability
d. provides data needed to compute inventory requirements
Q23. Budget statements that show budget outcomes for different levels of activity represent what kind of budgets?
a. static budgets
b. flexible budgets
c. ex post facto budgets
d. zero based budgets
Q24. The law of diminishing returns states that:
a. as you increase inputs into a process, outputs will decrease
b. as you increase inputs into a process, outputs will increase, but at a diminishing rate
c. as you decrease inputs into a process, outputs will decrease
d. as you decrease inputs into a process, outputs will decrease at an diminishing rate
Q25. The Federal Reserve decision to lower interest rates in order to stimulate the economy is an example of:
a. fiscal policy
b. monetary policy
c. transactional policy
d. libertarianism.
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