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Study Resources (Business Management)

  91. Which of the following emerged in the United States as a result of industrialization?  A. Government ownership of business B. Price regulation by planning commissions C. Low standard of living D. Increase in number of farmers E. Increase in the variety of goods available 92. What is the following is true of ethics and social responsibility in business?  A. Ethical conduct and corporate social.
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  61. Obeying the law is a business's _____.  A. right B. choice C. economic responsibility D. legal responsibility E. ethical responsibility 62. _____ is the extent to which businesses meet the legal, ethical, economic, and voluntary responsibilities placed on them by their various stakeholders.  A. Ethical well-being B. Economic status quo C. Virtual sustainability D. Unaccountable consumerism E. Corporate citizenship 63. Which of the following involves the activities and organizational processes adopted by businesses to.
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  71. The _____ insures individual bank accounts. A. Federal Savings and Loan Insurance CorporationB. Federal Deposit Insurance CorporationC. National Credit Union AdministrationD. Federal Reserve BoardE. New York Federal Reserve Bank 72. Nonbanking institutions differ from banking institutions in that they: A. offer long-term loans.B. offer investment products.C. include credit unions.D. do not accept deposits.E. do not offer short-term loans. 73. _____ are businesses that protect their clients.
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  31. _____ is the transferring of manufacturing or other tasks—such as data processing—to countries where labor and supplies are less expensive.  A. Importing B. Exporting C. Outsourcing D. Dumping E. Insourcing 32. Why has outsourcing become a controversial practice in the United States?  A. Many jobs have moved overseas where those tasks can be accomplished for lower costs. B. Outsourcing empowers the outsourcing company with more managerial.
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  41. Which of the following is true of product availability in a communist system?  A. Consumers have a wide choice of goods but not services. B. Consumers have a wide choice of services but not goods. C. Consumers have a limited choice of goods and services. D. Consumers have a limited choice of services but not goods. E. Consumers have a.
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  61. Identify the correct statement about dumping.  A. Dumping occurs when the country of origin has products with the latest technologically that are in high demand in overseas markets. B. Dumping occurs when a business sells products at much more than what it costs to produce them. C. Dumping occurs when the domestic market for a firm's.
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  31. _____ are the funds used to acquire the natural and human resources needed to provide products.  A. Skills B. Exchanges C. Capital resources D. Labor charges E. Barter charges 32. Which of the following is a factor of production for a firm?  A. Advertising media B. Legal consultants C. Customers D. Natural resources E. Company reputation 33. Which of the following is a natural resource?  A. Minerals B. People C. Capital D. Money E. Labor 34. Which of the following is a human resource?  A. Physical and mental.
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  41. The warning on cigarette packages about the health implications of smoking is an example of:  A. conflict of interest. B. fairness and honesty. C. communications. D. relationships within a business. E. environmental issues. 42. Which of the following behavior is an example of ethical consideration within the purview of business relationships?  A. Keeping company secrets B. Communicating with customers C. Whistleblowing D. Obeying environmental laws E. Donating to local charities 43. If a manager.
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  71. Which of the following is true of economic expansion?  A. There is a decline in production, employment, and income. B. The standard of living rises because more people are employed and have money to spend. C. There is a decline in spending. D. Consumer spending is low and business output is sharply reduced. E. The prices stagnate during this period. 72. Which.
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  71.  _____ is the price at which a particular common stock is currently trading.  A.  Beta score B.  Alpha score C.  Par value D.  Market value E.  Capital value 72. Which of the following is called capital in excess of par? A. The dollar amount printed on the stock certificateB. The difference between a stock's.
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  31. Which of the following is true of bullying?  A. Surveys reveal that bullying in the workplace is on the decline. B. Bullying cannot occur in all types of businesses. C. Flaunting status or authority to take advantage of others does not amount to the act of bullying. D. Although sexual harassment has legal recourse, bullying has little legal.
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  61. CorpoNeeds is an e-commerce company that sells office supplies. In an attempt to raise long-term funds, the company decides to issue bonds to lenders. These bonds do not have fixed interest payments, and the rate of interest changes depending on economic conditions. The bonds issued by CorpoNeeds are examples of: A. floating-rate.
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  61. A company's assets that are used or converted into cash within the course of a calendar year are called: A. fixed assets.B. long-term assets.C. equity.D. current assets.E. current liabilities. 62. Which of the following is an asset in the balance sheet? A. Accrued expensesB. Accounts payableC. Accounts receivableD. Taxes payableE. Wages payable 63. A company's financial obligations to short-term creditors, which must be repaid within one.
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  81. Which of the following is the primary reason for establishing the World Bank?  A. To fund the member nations of the NAFTA and EU B. To aid developed economies during financial crisis C. To act as a global policing service D. To loan money to underdeveloped and developing countries E. To help developed nations obtain money to start businesses 82. The usefulness.
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  41. Why are credit cards a popular substitute for cash payments? A. They provide tax benefits.B. They exempt users from paying transaction fees to merchants.C. They allow users to avail interest-free credit.D. They allow merchants to avail unlimited credit.E. They are accepted by merchants around the world. 42. A debit card: A. provides a hard "paper trail." B. allows cardholders to pay for.
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  21. Coins are used primarily to provide: A. acceptability.B. inimitability.C. divisibility.D. stability.E. portability. 22. Stan's sister tells Stan that the number of toffees she could buy for a dollar when she was his age was greater. Stan's sister is referring to the _____ of money. A. acceptabilityB. inimitabilityC. divisibilityD. stabilityE. portability 23. When inflation is very high, money loses its _____. A. stabilityB. portabilityC. durabilityD. divisibilityE. acceptability 24. In some countries with very high inflation.
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True / False Questions  1. Money is a medium of exchange.  Money serves three important functions: as a medium of exchange, a measure of value, and a store of value. 2. Certificates of deposit are accounts with funds that usually cannot be withdrawn without advance notice and/or have limits on the number of withdrawals.
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  41. Long-term assets are also called _____ assets. A. currentB. floatingC. unsecuredD. fixedE. junk 42. AMZ Inc., a company that deals with bikes, has its own manufacturing unit. The equipment used in the manufacturing unit of the company is an example of a: A. current asset.B. fixed asset.C. junk bond.D. short-term asset.E. floating-rate bond. 43.  Sprocket and Widget is a garment manufacturing company. Which of the.
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  True / False Questions 1. Businesses have the right to keep and use their profits as they choose, without limitations. 2. Finance refers to all activities concerned with obtaining money and using it effectively. 3. Owners have little responsibility to provide funds for the operation of the business. 4. A central issue of economics is.
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  51. The net income of a company is equal to the total profit or loss minus: A. assets and liabilities.B. equity.C. sales.D. expenses, including taxes.E. income and profits. 52. Which of the following equations describes the information presented in an income statement? A. Equity = liabilities - assetsB. Equity = assets - liabilitiesC. Net income = expenses - revenues + taxesD. Revenues - expenses.
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  51. A professional code of ethics represents the _____.  A. unofficial rules of ethics followed by the employees B. employee perceptions of various ethical issues faced by an organization C. detailed ethical responses for every possible scenario D. formalized rules and standards that help employees to act in an ethical way E. ethical behaviors that an organization expects its customers to.
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  81. John F. Kennedy's consumer bill of rights outlined four rights: the right to be informed, the right to choose, the right to be heard, and the right to:  A. regulations. B. service. C. easy credit. D. fix prices. E. safety. 82. The _____ gives consumers the freedom to review all details about the products they wish to buy.  A. right to be informed B. right to.
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  41. The difference between the flow of money into and out of a country is called its _____.  A. balance of trade B. domestic gain C. balance of payments D. credit balance E. exchange rate 42. Identify the industrialized nation from among the following.  A. Iraq B. Myanmar C. Pakistan D. North Korea E. Japan 43. Identify the less-developed country from among the following.  A. The United States B. New Zealand C. Great Britain D. Somalia E. Canada 44. Find out the correct statement about less-developed countries.
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  11. Which of the following laws criminalized securities fraud and stiffened penalties for corporate fraud?  A. The Glass-Steagall Legislation B. The Sherman Act C. The Sarbanes-Oxley Act D. The Clayton Act E. The Celler-Kefauver Act 12. The Sarbanes-Oxley Act was passed to:  A. punish those who committed accounting fraud in the late 1990s. B. improve corporate profits. C. help laid-off employees get their jobs back. D. help investors recoup their losses. E. help.
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  21. Within the concept of abusive behavior, _____ should be a consideration.  A. intent B. context C. natural environment D. cultural norms E. business ethics 22. _____ is the buying or selling of stocks by insiders who possess material that is still not public.  A. Gatekeeping B. Whistleblowing C. Downcycling D. Insider trading E. Plagiarizing 23. According to the National Business Ethics Survey, _____ is the number one area of misconduct observed in the workplace.  A. plagiarism B. discrimination C. abusive.
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  61.  The _____ repealed the Glass-Stegall Act, putting U.S. commercial banks on the same competitive footing as European banks.  A.  Sarbanes-Oxley Act B.  Celler-Kefauver Act C.  Dodd-Frank Act D.  Credit CARD Act E.  Gramm-Leach-Bliley Act 62.  Which of the following acts restricted commercial banks from engaging in certain high-risk trading activities.
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  31. The most widely used source of short-term financing is: A. an unsecured loan.B. a certificate of deposit.C. commercial paper.D. a Treasury bill.E. trade credit. 32. Which of the following is an arrangement by which a bank agrees to lend a specified amount of money to an organization upon request? A. A trade creditB. A floating-rate bondC. A junk bondD. A lockboxE. A line of.
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  11. Sociocultural differences, such as variations in body language and personal space, usually have almost negligible impact on international business. 12. The General Agreement on Tariffs and Trade was a precursor to the World Trade Organization and provided a forum for tariff negotiations. 13. The World Trade Organization agreements are the optional ground.
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  81. A nonbanking financial institution that buys and sells stocks, bonds, and other securities for its customers is called a(n): A. finance company.B. credit union.C. mutual savings bank.D. brokerage firm.E. thrift bank. 82. A(n) _____ underwrites new issues of securities for corporations, states, and municipalities needed to raise money in the capital markets. A. private accountantB. cashierC. investment bankerD. certified public accountantE. certified management accountant 83. Finance.
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  11. Which of the following statements is true about businesses and profits?  A. Profit making is a business activity that seldom requires risk taking. B. Businesses do not have the right to use their profits the way they choose. C. Profit-making businesses often weaken the economy of a country. D. Earning profits contributes to society by providing employment. E. Ignoring the.
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  81. Before the Industrial Revolution, the economy of North America under the colonists was characterized by:  A. hunting and gathering instead of agriculture. B. the export of manufactured goods to England. C. a scarcity of natural resources. D. dependence on England for everyday goods. E. the domestic system of manufacturing goods. 82. Which of the following is a change that occurred in the.
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  61. Monopolistic competition exists when:  A. there are very few businesses selling a product B. many small businesses selling one standardized product are present in the market. C. there is only one producer of a product in a given market. D. individual businesses have control over their products' price. E. there is slowdown of the economy characterized by a decline in.
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  51. Which of the following countries is an example of an economic system based on capitalism?  A. Russia B. Sweden C. Japan D. India E. Israel 52. _____ relates to the number of goods and services that consumers are willing to buy at different prices at a specific time.  A. Demand B. Supply C. Elasticity D. Balance of payments E. Deficit 53. _____ is the price at which the number of products that businesses are.
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  31. The acronym NOW, when used by financial institutions, stands for _____ and is a type of interest-bearing checking account. A. Near Order WithdrawalB. Negotiable Order of WaiverC. Near Order of WaiverD. Negotiable Order of WithdrawalE. Negative Order of Withdrawal 32. Savings accounts are also known as: A. interest deposits.B. term deposits.C. demand deposits.D. time deposits.E. certificates of deposit. 33. _____ or time deposits are accounts with.
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  81. If the dividend of a stock is $20 and its dividend yield is $5, then the price of the stock is: A. $2B. $8C. $4D. $1E. $3 82. The first-time sale of stocks and bonds directly to the public is called a: A. primary sale.B. new issue.C. follow-on offering.D. preliminary bid.E. fresh deal. 83. The markets where firms raise financial capital are known as _____. A. primary marketsB. secondary.
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  21. Which of the following is true of commercial paper? A. It is the most popular long-term investment for small businesses.B. It acts as a verbal promise to pay a specific amount of money.C. It is backed only by the name and reputation of the issuing company.D. It is only sold to sole proprietors and small.
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  21.  Advertising, personal selling, coupons, and sweepstakes are forms of the _____ aspect of marketing activities.   A.  finance B.  promotion C.  production D.  fundraising E.  social responsibility 22. Coupons, games, sweepstakes, movie tie-ins are all forms of _____.  A. sales promotion B. publicity C. advertising D. personal selling E. direct retail 23. Which of the following is true of marketers?  A. Marketers are involved primarily.
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  71. Studies have found a direct link between social responsibility and _____ in business.  A. profitability B. ethics C. declining stock prices D. happiness of stakeholders E. global warming 72. Businesses must first be responsible to their_____, who are primarily concerned with earning a profit.  A. clients B. vendors C. top managers D. owners E. employees 73. _____ is defined as the activities that individuals, groups, and organizations undertake to protect their rights as customers.  A. Consumerism B. Civil.
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  11. Astute money managers try to keep just enough cash on hand to pay employee wages and utility bills. This cash is referred to as: A. long-term assets.B. marketable securities.C. transaction balances.D. retained earnings.E. secured bonds. 12.  As idle cash does not make money, a manager may choose to invest this extra cash in temporary investments called:  A. .
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  1. All business decisions cannot be judged as right or wrong, ethical or unethical. 2. An ethical issue is an identifiable problem, situation, or opportunity that requires a person or organization to choose from among several actions that may be evaluated as ethical or unethical. 3. Ethical decisions in an organization are influenced.
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  11. When money serves as a way to accumulate wealth, money primarily functions as a: A. yardstick of value.B. store of value.C. measure of value.D. medium of exchange.E. counterfeit deterrent. 12.  To be used as a medium of exchange, money must be:  A.  non-portable. B.  durable. C.  imitable. D.  indivisible. E.  flexible. 13. As a medium of exchange, money: A. makes it.
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  71. Choose the international organization based in Geneva, Switzerland, that was created in 1995 by the Uruguay Round of the General Agreement on Tariffs and Trade (GATT), which deals with the rules of trade between nations.  A. The European Union B. The World Trade Organization C. The World Bank D. The Association of Southeast Asian Nations E. The Asia-Pacific Economic Cooperation 72. Which.
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  21. Multinational corporations (MNCs) are often criticized on the grounds that they adversely affect production in the host countries and also contribute to higher unemployment. 22. Companies doing business internationally have traditionally used a globalization strategy. 23. A multinational strategy involves customizing products, promotion, and distribution according to cultural, technological, regional, and national.
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  81. _____ shows how much income is generated by each $1 the owners have invested in a firm. A. Total asset turnoverB. Profit marginC. Return on equityD. Return on assetsE. Receivables turnover 82. Which of the following equations is used to calculate return on equity? A. Return on equity = net income/salesB. Return on equity = revenue - expensesC. Return on equity =.
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True / False Questions  1. A marketable security is a temporary investment of cash.    2. Eurodollar deposits can only be made at banks located in London.    3. The principal is the amount of money a business pays to use a bank's funds.  The principal is the amount of money borrowed; interest is the amount.
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  51. When the Federal Reserve Board sells government securities, the: A. money supply in the economy decreases.B. money supply in the economy increases.C. property taxes increase.D. property taxes decrease.E. money supply in the market becomes stable. 52. Which of the following effects is seen on the money supply and the economy when the Federal Reserve Board raises the discount.
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  True / False Questions 1. International business involves the buying, selling, and trading of goods and services across national boundaries. 2. Nations trade with other nations to obtain resources that would otherwise be unavailable to them. 3. Absolute advantage exists when a country is the only source of an item. 4. Exporting is the purchase.
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  51. The country of Thelisia pays a 12 percent duty on imported TV sets which is calculated as a fixed percentage of the value of the imported TV sets. Thelisia is paying a(n) _____.  A. sales tax B. transactional tax C. ad valorem tariff D. fixed tariff E. export tariff 52. Identify the true statement about tariffs and trade restrictions.  A. Countries are not allowed.
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  51. The board of directors of a leading automobile company wants to opt for an investment project that has the least risk. Which of the following projects is the board most likely to undertake? A. Introducing a new car in a new marketB. Expanding their automobile business into a new marketC. Repairing the old manufacturing.
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  71. _____, a category of cash flow, is calculated from changes in the long-term or fixed asset accounts. A. Cash from profiteering activitiesB. Cash from investing activitiesC. Cash from financing activitiesD. Cash from operating activitiesE. Cash from marketing activities 72. _____, a category of cash flow, is calculated from changes in the long-term liability accounts and the contributed capital.
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