#1
The primary work of all managers can be grouped within four functions: planning, organizing, implementing, and this one __________
What is budgeting?
All managers perform some of the same activities. True or false
true
These type of goods are known to be manufactured and sold within a country
What are domestic goods?
More managers are usually needed when workers are empowered. True or False
What is False?
Goods and services that are bought from another country are called these.
What are imports?
Innovations will ____________ affect business operations
What is usually, often, almost always...? any of these
These should be developed and stated in a very specific, realistic way with specific dates to have the greatest chance of achieving them
What are goals?
This is Revenue - Costs
What is profit or net income?
Goods and services that are sold to other countries are called these
What are exports?
What is exchange rate?
This type of business analysis considers both internal and external factors
What is a SWOT analysis?
The response of people behaving differently when they are receiving attention is known as this
What is the Hawthorne Effect?
The rate at which employees leave or are let go of a company
What is turnover?
This type of manager works directly with employees and are responsible for translating the company’s plan into action.
What is a supervisor?
What are tariffs?
The label of when employees know they are being noticed and strive for recognition
What is the Hawthorne Effect
all activities involved with acquiring, developing, and compensating the people who do the company’s work is called this ____________________
What is Human Resources or HR
People in the first (or beginning) level of management in a company are known as these
Supervisors
As a result of Henry Ford's innovations, the following became standard in American factories
What is a an 8 hour workweek?
This agency creates and enforces rules governing fair trade worldwide.
What is the WTO?
The branches of an international firm are called these.
What are subsidiaries?
In a low-context culture such as the United States, communication would likely be this style.
What is direct?
What is dumping?
When an American company allows a Japanese company to produce and sell in Japan a product the American company invented, this arrangement is known as this
What is International Licensing?
From the Google article in your workbook, this is the most important ingredient for successful teams
What is Trust?
What are norms?
Money given to companies from a government is called this
What is a subsidy?
when a person or organization makes a decision that will benefit themselves even though they are supposed to make a fair decision that benefits all is called this
What is a conflict of interest?
Note: making this an extra credit question
Threat of New Entrants
Bargaining Power of Suppliers
Bargaining Power of Buyers
Rivalry among Competitors
___________________________ is missing from Porters Five Forces
What is Threat of Substitutes?