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Study Resources (Business Management)

    11.MacGregor’s Theory X and Theory Y were identical in that they both stated that management is responsible for organizing the elements of the productive enterprise in the interest of economic ends. a.Trueb. False 12.In Andrew Carnegie’s, The Gospel of Wealth, he noted that historically, ESOPs were one of the main reasons labor.
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  11.TFGermans do not find humor appropriate during business meetings. 12.   T     FWhile superstitions are treated casually in the United States, they are taken quite seriously in some cultures. 13.TFAsking an Arab man about the health of his wife is taboo. 14.TFWearing white for business in Thailand is inappropriate. 15. TFThe soles of the.
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1.Emerson believed that the craft of the merchant is the bringing of a product from where it abounds to where it is costly. a.Trueb. False 2.John Ruskin believed that becoming rich is the art of establishing the maximum inequality in one’s own favor. a.Trueb. False 3.The actions of Gyges, in Plato’s Republic, was a.
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  11.TFCultural stereotypes are dangerous except to suggest plausible behaviors. 12.TFPower is independent of personal constructs. 13.TFCommunicating adequately is difficult when the cultural programming of the negotiators differs. 14.TFIn the business world, women are considered equal to men in all cultures. 15.TFCognitive dissonance refers to the psychological conflict resulting from inconsistencies between what a person.
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  11.TFDuring negotiations there is no empathy with the opposition. 12.TFNegotiation strategies include the preparation of details, tactics, conflict resolution, mediation, and observations. 13.TFThe Japanese equivalent for the word individual has a negative connotation. 14.TFA keiretsu group in Japan is viewed as a short-term commitment. 15.TFEstablishing a friendship is a crucial part of negotiating with.
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    11.Charles Darwin’s theory that natural selection should be “daily and hourly scrutinizing, throughout the world, the slightest variations; rejecting those that are bad, preserving and adding up all that are good” applies to the process of the creation of a balance sheet where assets and liabilities are added up. a.Trueb. False 12.Veblen.
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1.Thoreau thought that “simplicity, simplicity, simplicity” held the keys to understanding the universe, solving poverty, and overcoming weakness. a.Trueb. False 2.Christopher Columbus noted in his diary the observation regarding individual values that the native Indians he discovered were open with the Spaniards were greedy and disorderly. a.Trueb. False 3.John Locke believed that God gave.
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    71.According to Ruskin, the real value of wealth depends upon which of the following? a.The amount of wealth b.The level of inflation c.The size of the economy d.The moral sign attached to it 72.In Ruskin’s fictitious economy involving two producers and a merchant, the wealth of the economy was less than it might have otherwise.
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True-False.  Circle T if the statement is true; circle F if it is false. 1.TFNegotiation protocol is different for different cultures. 2TFU.S. Americans make more adjustments to their opponents' behavior than do people of other cultures. 3.TFPredicting how the opponent will respond is essential to the negotiation process. 4.TFGroup-oriented negotiators are concerned about their.
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  11.TFDining in a Japanese home requires sitting in a kneeling position on a tatami mat. 12.TFWhen visiting Japan or China, tip cab drivers and any service personnel you may encounter generously. 13.TFWhen giving gifts to the Japanese, avoid gifts manufactured in Asia. 14.TFSomething made of cowhide would be an appropriate gift to a.
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    11.Alexander Hamilton believed that manufacturing was less productive than farming because the ability of the artisans to produce around the clock would lead to tired workers and less efficient operations. a.Trueb. False 12.Gandhi believed that a man (or woman) must be productive to feel whole. a.Trueb. False 13.Gandhi was concerned by the development of.
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    21.Upon reflection by Marco Polo, The Great Khan was a strong opponent of import duties believing they hindered international trade, even in his day. a.Trueb. False 22.Thomas Jefferson agreed with Alexander Hamilton’s position on Agriculture when he, Jefferson, said that, “Those who labour in the earth are the chosen people of God,.
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    31.The segment shown in class of Charlie Chaplin’s movie “Modern Times,” supports: a.Charles Darwin’s view of survival of the fittest worker. b.Andrew Carnegie’s view of the nobleness of the human spirit in workers. c.Pacioli’s view of the rooster which never rests. d.D.H. Lawrence’s view of Clifford Chatterley’s philosophy of workers as animals. 32.Alexis de Tocquiville.
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    21.According to John Locke, what economic factor allows inequality of wealth to become acceptable? a.Supply b.Demand c.Efficiency d.Money 22.In Faust, Baucis and Philemon represent which of the following groups which have a stake in Faust’s enterprises? a.Employees b.Community c.Government d.Creditors (lenders) 23.Why is Faust not satisfied after he has fulfilled his dream by pushing back the ocean? a.The project did not.
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    21.Which of the following practices is not evidence of conspicuous consumption: a.Allocating a disproportionate share of one’s wealth toward things that are clearly visible to outsiders b.Removing oneself from friends and competitors c.Working hard to cultivate one’s tastes d.All of the above 22.In the evaluation of the product life cycle, it is safe to conclude.
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    21.When Emerson said “Matter pays her debt,” he was referring to the redemption felt by Susan Matter when she was finally able to pay off her debt. a.Trueb. False 22.When Leonard Read wrote “I, Pencil,” he intended the reader to understand that, since making a pencil was so complicated and involved so.
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  11.TFIn a high-context culture, the situation is more important than the written word. 12.TFWhile most of the United States practices civil law, Mexico practices common law. 13.TFThe Doctrine of Sovereign Compliance can be used as a defense in your home country for laws followed in the host country. 14.TFThe means/ends question is measured.
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    41.What is the primary reason why sellers generally accept paper currency as payment for purchased goods? a.They have confidence in its value b.The issuing government guarantees its value c.It is backed by other precious assets such as gold or silver d.They are patriotic 42.What did Moses ben Maimonides believe regarding lending with explicitly stated interest? a.It.
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    81.The protestant ethic suggests that a man whose calling will result in the acquisition of substantial wealth should do which of the following? a.Resist the temptation and pursue other goals b.Willingly accept his fate, spend according to his station in life, and use the remainder of his wealth for the benefit of.
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True-False.  Circle T if the statement is true; circle F if it is false. 1.TFThe intercultural negotiation process steps involve site and team selection, relationship building, opening talks, discussions, and agreement. 2.TFIn Hong Kong round conference tables are preferred. 3.TFWhen rectangular tables are used for negotiations in Japan, no one is seated at.
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    41.Aristotle is opposed to the use of money because it leads to an unlimited desire for wealth. a.Trueb. False 42.Although laissez-faire competition leads to inequality of wealth, Confucius believed that equal distribution of wealth was better. a.Trueb. False 43.Adam Smith believed that the individuals act in their own self-interest because they know that this.
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    31.Who said, “By directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this led by an invisible hand to promote an end which was no part of his intention.” a.Plato b.Ruskin c.Smith d.Conwell 32.Plato felt that the fundamental.
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  29.People of which country would view a meeting agenda in a nonpositive manner? a.United States b.Sweden c.Netherlands d.Iraq 30.Axtell suggests that to be successful in distributor agreements all of the following are necessary except a.place of jurisdiction. b.protection of patents and trademarks. c.responsibility for insurance, freight, and import duty. d.making a list of questions to discuss. 31.All of.
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True-False. Circle T if the statement is true; circle F if it is false. 1.TFBusiness communication between persons of different national origins is governed by the law of the host country. 2.TFThe Act of State Doctrine allows each nation to do as it wishes within its own boundaries without interference from other.
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  Multiple Choice.  Circle the letter corresponding to the correct response.                 19.Which of the following statements related to greeting and handshaking customs is incorrect? a.A firm handshake is the norm in the U.S. and Germany. b.In China bowing is a customary greeting behavior. c.People of Finland typically hug each other when greeting. d.The "bear hug".
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  29.Which of the following cultures is primarily pluralistic in its negotiation style? a.China b.England c.Germany d.Mexico 30.Which of the following is not an intercultural negotiation guideline? a.Determine that the negotiation is feasible. b.Send the proper team including your own interpreter. c.Adjust to the way of life in the host culture. d.Agree to a bad deal; it is better than.
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  Multiple Choice.  Circle the letter corresponding to the correct response. 19.Which statement regarding introductions is incorrect? a.In China, the surname comes first, and the given name last. b.All persons with a college degree are addressed as "Doctor" in Japan. c.Persons from Latin American countries often add their mother's maiden name to their surname. d.In Columbia,.
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True-False.  Circle T if the statement is true; circle F if it is false. 1.TFCustoms vary by country and by regions within a country. 2.    T     FOne-word U.S. expressions such as "sure" and "okay" are perceived as blunt and abrupt by persons of other cultures. 3.    T     FThe expression used by southern U.S..
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1.By 1992, the percentage of households with dual incomes rose to 60 percent of all households. a.Trueb. False 2.Although the number of women joining the work force has increased dramatically since 1969, the majority of women still do not work outside the home. a.Trueb. False 3.By acknowledging the increased production quantity produced by both.
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    11.Ayn Rand was agreeing with Emerson’s views when she said, “Money is the barometer of a society’s virtue.” a.Trueb. False 12.Ayn Rand, in Atlas Shrugged, believed that the problem with society is the love of money, not money itself. a.Trueb. False 13.Rockefeller believed that the community had a right to shape corporate policy equal.
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    31.In his appeal to owners and workers to cooperate, Andrew Carnegie was only concerned about large business organizations. a.Trueb. False 32.According to Douglas McGregor, money generally will satisfy all the needs in Maslow’s hierarchy of needs. a.Trueb. False 33.What was Abraham Lincoln’s primary objective during the Civil War as he stated in his letter.
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1.An efficient market is one in which stock prices do not fully reflect available information. a.Trueb. False 2.The American stock exchange experience of the late nineteen twenties, and the latest “real estate bubble,” are good examples of the “tulip bulb bubble” of the middle sixteen hundreds as described by Mackey in the.
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  Multiple Choice.  Circle the letter corresponding to the correct response. 19.When a company becomes global, it is governed by a.home country laws and host country laws. b.home country laws. c.host country laws. d.The Act of State Doctrine. 20.Which of the following ensures fair competition and low prices to U.S. consumers? a.Antiboycott Regulations b.Antitrust Laws c.Export Administration Act of 1985 d.Trading.
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    61.Why did Confucius believe the government should not regulate economic behavior? a.It is natural that smart people will be rich and stupid people will be poor b.Those in government would only be acting in their own self-interest c.It would lead to dissent and, ultimately, revolution and anarchy d.This would restrict economic growth and the.
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1.Thoreau believed that books must be read as deliberately and reservedly as they were written. a.Trueb. False 2.Thoreau also believed that three-dimensional sculpture was the work of art nearest to life itself. a.Trueb. False 3.Francis Bacon believed we should study primarily for which of the following reasons? a.To advance economically b.To learn the difference between right.
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  Multiple Choice.  Circle the letter corresponding to the correct response. 19.Which of the following statements regarding intercultural negotiations is incorrect? a.If the meeting is held on your opponent's turf, you have more power and responsibility. b.If the meeting is held on your opponent's turf, they have more power. c.If the meeting is held.
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    21.Which of the following three most closely describe Benjamin Franklin’s recipe for wealth:  1) work hard and don’t waste time; 2) attend to one’s own business and pay attention to detail; 3) borrow in order to make money off someone else’s money; and 4) be frugal in business dealings. a.1, 2, 3 b.2,.
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    51.Carnegie believed that taxation of large estates at death was appropriate because it punished the selfish millionaire. a.Trueb. False 52.In The Republic, Plato suggests that the origin of the city lies in which of the following? a.People need social interaction b.People gain economically through increased efficiency c.By living together, people are better able to defend.
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  29.The four motivations for unethical conduct are a.consumers, profit, justice, and guidance. b.profit, consumers, advertising, and competition. c.profit, competition, justice, and advertising. d.consumers, advertising, competition, and profit. 30.Which of the following is not covered by the U.S. Department of Commerce's 1993 booklet, International Business Practices, concerning distributor agreements? a.If possible, state the jurisdiction that will handle.
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    11.Aquinas reaffirms that compensation is a sin, particularly when a man gains that compensation in order to avoid a loss of something he ought to have. a.Trueb. False 12.Benjamin Franklin agreed with the principle outlined by Aquinas when Franklin said that interest could be charged for the time he is kept away.
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    11.The “History of Money” film shown in class made the following observations: a.In the history of currency, commodity money preceded coin money b.Cyber money is backed by precious metals in the same manner as paper money c.The King of Lydia was among the first to put a human likeness on a coin d.A and.
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    21.Which of the following is true in a double-entry accounting system? a.Debits increase liabilities b.Debits increase profits c.Credits increase cash d.Credits decrease inventory 22.Which of the following is true? a.Debits are positive and credits are negative b.Credits are positive and debits are negative c.A credit increases assets d.A debit decreases liabilities 23.Jolene just completed an introductory business class. The teacher.
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    21.Which of the following was not one of J.L. Nichol’s Business Maxims: a.Goods in store are better than bad debts. b.Endeavor to be perfect in the calling in which you are engaged. c.Take chances with other peoples’ money only. d.Undertake no business without mature reflection. e.Keep your word as good as a bank. 22.An organization with.
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1.Pacioli instructed those who wish to keep track of business transactions to create an inventory first. The inventory in his scheme can be considered equivalent to the income statement in modern accounting practices. a.Trueb. False 2.Industry profits for a particular product begin to decrease in the growth phase of that product’s life.
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  Multiple Choice.  Circle the letter corresponding to the correct response.  19.Which of the following statements is incorrect related to the negotiation styles of various cultures? a.U.S. persons take a longer time to establish rapport than do the Japanese. b.Mexicans place less emphasis on technology and more on building a relationship. c.Status is important.
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    31.According to Francis Bacon, the primary disadvantage of usury is that it provides an opportunity for people to sin. a.Trueb. False 32.According to Francis Bacon, the primary disadvantage of usury is that it restrains business expansion. a.Trueb. False 33.Francis Bacon’s discommodities and commodities of usury represent the restrictions which must be made on lending.
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