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Study Resources (Business Management)

121) Fraudulent actions in a large corporation primarily harm its consumers, while its employees and investors are rarely affected. a. True b. False 122) A common strategy for a company recovering from a scandal is to fire all of its old employees and start fresh. a. True b. False 123) Earth-friendly businesses address the principles of.
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31) Select one of the following that defines the core purpose of the organization. a. corporate goals b. corporate plan c. corporate values d. corporate vision 32) Determine the option that describes a company’s values, goals, and aspirations from the following. a. code of ethics b. corporate vision c. legal compliance d. social responsibility 33) Bob’s Car Rental is a.
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128) Patty is her company’s human resource manager. She seeks advice from other members of her department about a case regarding an employee who has been caught spending the company’s funds on personal expenses. One person tells her to fire the employee because the actions of the employee should not.
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21) Which of the following is influenced by our personal ethics? a. portfolios b. decor c. words d. images 22) Which term describes how an employee’s job may extend into his or her home? a. tape recording b. telecommuting c. telephoning d. television 23) The business environment is a changing landscape. In the context of business ethics, which of the.
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1) Because the globalization of markets is now so widespread, businesses throughout the world have found that they need to ____________. a. think globally and act locally b. avoid foreign competition c. hire additional employees d. lower their operational costs 2) Heather’s chain of clothing stores is expanding to India and South Africa. She plans.
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111) Free trade protects international businesses from domestic competition. a. True b. False 112) Trade barriers protect local producers but hurt consumers. a. True b. False 113) Subjecting the economy to free trade will negatively impact small domestic companies that aren’t globally competitive. a. True b. False 114) The transnational strategy is more useful for implementing low product prices.
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138) Sun Valley News is just recovering from a scandal that involved their journalists being accused of irresponsible journalism and bribery. The publisher immediately replaced the entire editorial board and presented to the media their new editor-in-chief. Describe how this change of leadership can affect Sun Valley News. 139) Bright Paper.
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91) ________ include raising taxes and decreasing government spending in an attempt to slow the economy. a. Monetary policies b. Contractionary measures c. Expansionary measures d. Diversionary measures 92) What is the name of the interest rate that banks charge other banks when they borrow funds overnight from one another? a. discount rate financial institutions borrow.
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71) Identify an advantage of a joint venture from the following options. a. The international firm only needs to compromise with one partner. b. The international firm gains knowledge of the local economic, social, and political landscape. c. The international firm shifts the costs and risks of opening a foreign market to a.
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81) A well-known department store has recently suffered a series of ethical lapses. The company is MOST at risk of losing ___________. a. its reputation and customer loyalty b. company values and corporate social responsibility c. executive privileges and tax cuts d. job security and personal code of ethics 82) Recently, a brokerage firm was.
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148) Define corporate social responsibility (CSR). 149) Enumerate how a company can affect the environment and safety of its workers and neighbours. 150) Discuss the benefits of corporate social responsibility (CSR) for an organization. 151) Propose how businesses can “go green.” .
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71) People who become unemployed due to structural unemployment should ____________. a. receive additional training to find new jobs b. sue their former employers for discrimination c. file for bankruptcy d. protest to the government 72) Cyclical unemployment is caused by ______________. a. trends in products and services b. the standing of the country’s government c. lack of.
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41) Which of the following are often permitted to operate as regulated monopolies? a. appliance companies b. insurance companies c. textile companies d. utility companies 42) How does the government monitor natural monopolies? a. It imposes higher taxes. b. It imposes lower taxes. c. It regulates their prices. d. It asks for annual reports. 43) In a monopoly, where only.
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31) Which of the following would be considered as a government incentive to businesses? a. Interest rates are kept low for purchasing equipment. b. Companies that do not keep up with current technologies are penalized financially. c. Tax debits are offered to companies that invest money into research and development. d. No funds are.
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71) Nadia is a socially responsible mutual funds manager. Recommend to Nadia the best way for her to decide which companies to include and exclude from the investment fund portfolio. a. Examine the educational and family background of employees. b. Analyze the cultural and economic influences of companies. c. Check the religious and.
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41) Which of the following is one of the five pillars of corporate social responsibility? a. “good neighbour” policies b. equipment and infrastructure c. monthly production quota d. supplier and vendor rates 42) Describe the pillar of corporate social responsibility that focuses on how a company respects and cares for its employees. a. retention and procurement b..
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91) Describe a measure that divides a worker’s wages by the average productivity of that worker. a. unit labour cost b. unit labour productivity c. usual daily wage d. undeclared work wage 92) A-Tech manufactures and sells electric barbecue grills. If it wants to expand production to a developing country with unreliable electricity, determine what.
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31) The closest real-world example of determining a market price that is based on pure supply and demand is the auction process, like that found on ___________. a. eBay b. Amazon c. McDonald’s d. Starbucks 32) A ________ is a graph used by economists to illustrate the relationship between demand and price. a. price curve b. demand.
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126) McDonald’s is an example of a famous global brand. Though it originated in the United States, individual restaurants around the world may differ from one another. For instance, in certain countries where beef is not eaten, McDonald’s has adjusted its recipes to suit the needs of consumers. Explain the.
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51) Which of the following statements describes product differentiation? a. making one product stand out from another b. increasing prices for products that are in demand c. lowering prices for products that are not in demand d. supplying different products in the market 52) What makes monopolistic competition different from an oligopoly? a. the added choice.
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1) Identify which of the following refers to ethics. a. the study of features of nature and weather b. the study of the specific moral choices a person makes c. the memo a person uses to make transactions each day d. the company’s obligation to achieve social development 2) Which of the following systems of.
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101) Cuba is the only country to achieve Karl Marx’s vision of workers in a communist economy taking over the government’s responsibilities and providing services. a. True Korea and Cuba, are failing economically. b. False Korea and Cuba, are failing economically. 103) Currency provides a consistent standard based on an underlying commodity. a. True b. False 105) Supply.
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51) Cite the term for abolishing trade barriers among member countries. a. globalization compacts flow of goods and services across national borders.b. free-trade areas flow of goods and services across national borders.c. zero-tariff zones flow of goods and services across national borders.d. duty-free ports flow of goods and services across national borders. 52) A European nation.
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81) Which of the following is likely the result of increased government spending? a. infrastructure improvements b. creation of additional jobs c. increase in educational benefits d. all of the above 82) The combined amount of money available within the economy is referred to as _____________. a. the gross national product b. M1+ c. the money supply d. currency 83).
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141) Compare the features of communism and socialism. Socialism provides that the government plans and controls the economy. Government owns or controls many basic businesses and services, while individuals own and operate less crucial industries. 142) What is bartering? 143) Enumerate the four degrees of competition. 144) Explain how to determine if the economy.
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61) Only those goods that are ________ are counted in the country’s gross domestic product. a. electronic in nature b. made from raw materials c. imported from another country d. actually produced in the country 62) Which of the following is the most widely used indicator of economic growth by most countries? a. consumer price index b..
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133) Susan owns a cosmetics store that sells products for hair, face, and body care. One day, while inspecting the inventory, she discovered that one particular brand of makeup engaged in animal testing. Being an animal lover, Susan immediately pulled the products from the shelves. Evaluate how Susan’s decision demonstrates.
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91) Describe the first step that a company can take to promote ethical conduct in the workplace. a. monitor employee relations in the office b. develop a strict code of ethical conduct c. hire employees with good moral standing d. create an ethics committee to enforce policies 92) Identify the right time for a business.
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11) Describe the pace at which globalization has been accelerating in the last several decades. a. slow b. normal c. rapid d. uncontrollable 12) Explain why a company might decide to design its product in one country and sell it in another country. a. because the company wants to take advantage of lower costs of production.
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11) In a planned economy, production is determined to a greater extent by __________. a. consumer needs and wants b. government or a centralized group c. individuals and private firms d. both individuals and the government 12) Sasha decides to purchase health insurance. Based on her annual income, she can only afford the minimum package..
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111) Only businesses that interact with the global marketplace should concern themselves with practising corporate social responsibility. a. True b. False 112) Subjecting employees to harsh labour conditions without hazard pay is an example of corporate social responsibility. a. True b. False 113) Providing health care benefits to employees and employees’ families is an example of.
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21) Cite the BEST theory that applies to the majority of international trade. a. theory of competitive trade b. theory of international trade c. theory of absolute advantage d. theory of comparative advantage 22) Which of the following describes the advantage of a country selling to other countries the goods that it manufactures most efficiently.
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101) A country with a comparative advantage can produce a good or service relatively more efficiently compared with other countries. a. True b. False 102) A large country that produces more of a good than a small country is more efficient at producing that good. a. True b. False 103) Countries import products for which they.
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11) Which of the following values belongs to Judeo-Christian ethics? a. respecting property and relationships b. upholding other religious teachings c. ignoring one’s parents d. being unkind to others 12) Treating others as you would like to be treated a principle in life. Joseph Fletcher believes that using the Golden Rule when making ethical decisions.
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41) Whichof the following inhibits the flow of goods, services, and capital across national borders? a. trade deficits b. fiscal policies c. trade barriers d. interest rates 42) Which of the following trade barriers is a government likely to prefer from a financial perspective? a. tariff b. subsidy c. quota d. embargo 43) Which of the following is a long-term.
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61) A media company wants to discuss its advances in social responsibility in its report to stockholders. Which of these factors should the media company include in its report? a. television ratings b. advertising slots c. prime-time shows d. journalistic integrity 62) A toy company regularly donates some of its profits to charitable organizations. This.
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1) Which of the following concepts determines how goods are priced? a. give and take b. buyer and seller c. supply and demand d. product and producer 2) What is the basic activity of economics? a. the exchange of products and services b. the estimation of value of intangible goods c. the accumulation of wealth d. establishing a commercial.
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