Search
Info
Warning
Danger

Study Resources (Business Management)

  201.Which of the following is a factor of production?  A. Bonds B. Money C. Knowledge D. Service 202.As a factor of production, the term capital includes:  A. stocks and bonds issued by corporations. B. natural resources such as land and water. C. tools, machinery, and buildings. D. services provided by the government that enable businesses to be more productive. 203.Two factors of production that seem to contribute the.
0 Views
View Answer
  231.Jay and Jim Spears own a lawn irrigation system business. They perform installations and maintenance of these systems. Several of their customers are golf courses, but they serve a large group of residential customers as well. When they started the business 10 years ago, they made a pact to always.
0 Views
View Answer
  21.Businesses and nonprofit organizations often strive to accomplish the same objectives.  22.Nonprofit organizations use financial gains to meet stated social or educational goals of the organization rather than personal profit.  23.Social entrepreneurs are people who start and manage organizations that are not-for-profit. Their mission is to help others improve their quality of.
0 Views
View Answer
    41) A company that hires the best-qualified individuals, regardless of nationality, to manage foreign operations is utilizing a ________ approach. A) horizontal integration B) geocentric staffing C) ethnocentric staffing D) vertical integration   42) Which of the following statements is true of geocentric staffing? A) It reduces the high cost of relocating expatriate managers and their families. B).
0 Views
View Answer
  41.A charitable organization, such as the American Red Cross or Salvation Army, is classified as a for-profit organization.  42.It was reported by a Beijing newspaper that China succeeded in improving its people's standard of living and establishing a relatively affluent society recently. This report clearly indicates that both income levels and.
0 Views
View Answer
    31) Which of the following is an appropriate and widely-used method for staffing international business operations? A) collective narcissism B) cronyism C) nepotism D) geocentric approach   32) Individuals from the home country manage operations outside the home country in ________ staffing. A) ethnocentric B) polycentric C) regiocentric D) geocentric   33) Which of the following statements is true of ethnocentric staffing? A).
0 Views
View Answer
  71.In rich countries such as the United States, changes in the level of taxation have little impact on the incentives of entrepreneurs.  72.The failure to uphold high ethical business standards by a few companies can negatively impact the entire U.S. business community.  73.Several years ago, the government of the small nation of.
0 Views
View Answer
    71) Managers who are asked to go into a particularly unstable country or one with a very low standard of living often receive a bonus called ________. A) hardship pay B) performance-related pay C) stock options D) fringe benefits   72) Which of the following is true of employee compensation in international companies? A) The most common.
0 Views
View Answer
  281.Which of the statements about demography is most accurate? Demographic studies:  A. focus on factors that have great political relevance, but little relevance to business firms. B. suggest that the number of single-parent families will decline in the future. C. provide businesses and individuals with insights into business and career opportunities for the future. D. are an important.
0 Views
View Answer
  True / False Questions 1.Businesses provide goods, jobs, and services to others.  2.Businesses seek to earn a profit by providing goods and services to others.  3.Revenue is the amount a business earns above and beyond what it spends for expenses and costs.  4.Profit is the amount of money a business earns above and.
2 Views
View Answer
  221.High tax rates tend to:  A. promote economic development. B. make a nation's currency tradable. C. discourage entrepreneurship. D. reduce the amount of money created by the government. 222.The capitalist system relies heavily on:  A. protectionist policies with respect to world markets. B. minimizing government intervention in corrupt business practices. C. making sure that currencies are never undervalued. D. honesty, integrity, and high ethical business standards. 223.Contemporary governments.
0 Views
View Answer
    81) Which staffing policy should Swingset consider if it wants its foreign operations to be managed by the best-qualified individuals regardless of nationality? A) nepotism B) ethnocentric staffing C) geocentric staffing D) employee referrals   Scenario: Gem Jewels Gem Jewels recently established a number of subsidiaries in various foreign countries aiming to build high levels of international.
0 Views
View Answer
  11.The United States has one of the highest standards of living in the world.  12.The term "standard of living" refers to the amount of debt people can incur on a given income.  13.Health care availability, a clean environment, and good schools all contribute to a high quality of life.  14.Maintaining a high quality.
0 Views
View Answer
    61) A manager could most likely gain information on a local area's housing, health care, transportation, schools, and climate by participating in ________. A) language training B) environmental briefings C) field experience D) sensitivity training   62) Which of the following offers insight into a host country's political, legal, economic, and social institutions as a way.
0 Views
View Answer
  51.The major advantage rich nations have over poor nations is an abundance of land and labor.  52.Entrepreneurship is one of the five factors of production that contribute to the creation of wealth.  53.Business consultant Peter Drucker said that the most important factor of production is knowledge.  54.Most business experts agree that entrepreneurship and.
0 Views
View Answer
  31.An effort to please one group of stakeholders eventually pleases all stakeholders.  32.Insourcing creates new jobs, and helps offset the number of jobs being outsourced.  33.Robin has started her own online consulting firm. While she recognizes the risks involved in operating a business, she is still willing to invest her time, effort,.
0 Views
View Answer
  81.Technology refers to everything that makes business operations more effective, efficient, and productive.  82.E-commerce is the buying and selling of goods over the Internet.  83.The B2B Internet market consists of selling goods and services to consumers.  84.The rise of Internet marketing has become particularly important in doing business in the B2B markets.  85.The business-to-business.
0 Views
View Answer
    11) The first phase of human resource planning is estimating the company's future HR needs.   12) The process of reducing the size of an organization's workforce is called decruitment.   13) The process of recruitment involves screening and hiring the best-qualified applicants with the greatest performance potential. 14) To speed up the process of.
0 Views
View Answer
  141.War and terrorism have had a significant effect in drawing many resources away from the U.S. economy and led to many additional costs for businesses.  142.In most industries, the only producers that pose a serious threat to U.S. manufacturers are those in Japan and Western Europe.  143.Companies that participate in the defense.
0 Views
View Answer
  111.It's important that firms are as efficient as possible. This is done by becoming management-driven for efficiency.  112.Customer-driven organizations require managers to closely direct and control their employees.  113.Bruno and Gino are worthy competitors in the bakery business in a small upscale resort town. Gino recently negotiated a contract with a supplier.
0 Views
View Answer
  311.Appliance repair firms, tax consultants, law firms, and insurance companies are all business firms that are part of the:  A. production sector. B. management sector. C. neo-industrial sector. D. service sector. 312.In recent years, manufacturing firms in the U.S. have laid off workers. The best explanation of this trend is that:  A. firms have been trying to weaken unions by reducing.
0 Views
View Answer
  94) Explain the advantages and disadvantages of a geocentric staffing policy, and discuss the effects of culture shock when assigning an employee to work in another country.   95) Differentiate between culture shock and reverse culture shock. How can companies help employees deal with such issues?     .
0 Views
View Answer
    21) Guerrilla linguistics is often used in the cultural assimilation stage.   22) Sensitivity training constitutes the most basic level of cultural training for managers on international assignments.   23) Training local workers on how to work on an assembly line is an example of cultural assimilation.   24) The compensation of nonmanagerial workers is.
0 Views
View Answer
  121.New welfare rules have made it easier for single parents to remain at home with their young children without being required to seek employment.  122.In some cities the number of legal and illegal immigrants has caused governments to adapt by changing signs to other languages.  123.The federal government requires companies to take.
0 Views
View Answer
  291.An increase in global trade will:  A. increase prices. B. decrease jobs. C. increase political instability. D. increase global competition. 292.Globalization:  A. has greatly improved living standards around the world. B. has significantly reduced living standards around the world. C. has opened doors to only a handful of markets. D. has greatly changed companies that hire people to sell products, but not companies that hire people to.
0 Views
View Answer
  181.A common characteristic of most entrepreneurs is that they:  A. accept the risks involved in starting and managing a business. B. have a high level of scientific and technical expertise. C. possess a great deal of personal wealth. D. have experience in running large, complex organizations. 182.Which of the following is the best example of a business whose goal.
0 Views
View Answer
    51) ________ would most likely be recruited for nonmanagerial positions at foreign subsidiaries that do not require specialized skills. A) Recent graduates from colleges in the home country B) Home-country specialists C) Workers from the local host-country market D) Current employees from the company headquarters   52) Companies typically recruit ________ to train individuals placed.
0 Views
View Answer
  271.Max is in charge of production for a family-owned firm that makes and sells sports gloves including baseball gloves, softball gloves, golf gloves, and more. He has stated that speed of delivery is the most important factor for success in the competitive environment. Which of the following would be the.
0 Views
View Answer
  91.Identity theft is when individuals or firms access people's personal information and then use it for illegal purposes and activities.  92.The main difference between B2C and B2B e-commerce is that B2C uses only the Internet, while B2B combines e-commerce with traditional (bricks-and-mortar) outlets.  93.There is less risk involved in starting an e-commerce-only.
0 Views
View Answer
  151.Over many years the nature of U.S. business has changed very little from century to century.  152.The number of U.S. jobs in manufacturing has increased in the past five years.  153.Technology helped the manufacturing industry to become more productive.  154.While the proportion of workers employed in agriculture has remained relatively constant, the average.
0 Views
View Answer
  171.__________ is the chance a business owner will lose the time and money invested in a business that proves to be unprofitable.  A. Depreciation B. Risk C. Fallibility D. Redundancy 172.The total amount of money that businesses take in by selling goods and services is called ______.  A. profit B. revenue C. loss D. retained earnings 173.A(n) ____________ is a person who assumes the risk of starting a.
0 Views
View Answer
  101.To remain competitive in today's market, firms must produce a quality product and offer outstanding service at a reasonable price.  102.Producing a high-quality product will ensure success in the competitive environment.  103.Successful firms follow a customer-driven strategy, as opposed to the management-driven strategy used in the past.  104.Zero defects means that there is.
0 Views
View Answer
  241.Companies that sell goods to consumers over the Internet are engaging in:  A. B2C transactions. B. IOU transactions. C. B2B transactions. D. Y2K transactions. 242.The series of lines on a product packaging that the cashier scans when you check out at a grocery store or discount store is called a:  A. bar code. B. zip code. C. scan code. D. laser code. 243.An electronic storage file where firms.
0 Views
View Answer
  161.The growth in the service sector in the United States appears to be giving way to an information-based global era.  162.The transition from an agricultural economy to a manufacturing economy to a service-based economy has resulted in a serious increase in long-term unemployment.  163.One reason given for the decline in the number.
0 Views
View Answer
  96) Compare and contrast the methods of cultural training. Is any single method better than all the others? 97) Explain why a person's ability to bridge cultural differences must be considered during "selection" for international assignments. How can eTraining help in bridging cultural differences?       .
0 Views
View Answer
  261.Empowerment means:  A. giving employees the authority to make decisions. B. making certain that employees always defer to management when making decisions. C. hiring employees that do not require training due to the costly nature of this activity. D. asking employees to write the policies which govern their jobs. 262.Empowerment requires that managers focus more on __________ lower-level employees.  A. directly.
0 Views
View Answer