Management Application
A reduced resource in the supply chain would lead to what for producers and consumers.
If producer specializes in supplying the resource, potential higher depending on elasticity. Higher costs for producers when located within their supply chain and as a result higher consumer costs.
What is the profit formula
Revenue - Expenses = Profit
This controversial external body has been working to curve government spending, fraud and waste in the wake of the Second Trump Presidency and is an acronym which stemmed from this meme coin cryptocurrency.
DOGE (Department of Government Efficiency)
The best way to spread risk in your investment strategy is through ______.
Diversification
Which category in Maslow’s hierarchy includes job security and financial stability?
Safety Needs
What happens when the threat of substitutes is high in an industry?
More consumer choice, more competition for a business.
the loss of potential gain from other alternatives when one alternative is chosen; What you give up in order to purchase something else
Opportunity Cost
This popular sandwich is a mix of Vietnamese and French influence as a result of the Colonial period in French Indochina.
Bahn Mi
The initial amount put into and taken out of a borrowed account is known as the ____.
Principal
Which management thinker introduced the concept of "Theory X and Theory Y," which describes different views of worker motivation
Douglas McGregor
Two solutions that reduce the threat of new entrants into a market share.
Retaining Customer Equity + Competitive Advantage, Conducting Competitive Analysis.
What are the four factors of production
Land (Resources), Labor, Capital, Entrepreneurship.
The city, originally known as Byzantium, was renamed Constantinople (meaning "city of Constantine") in 330 AD by Emperor Constantine the Great, who made it the new capital of the Roman Empire. Today this city holds a different name and is located in this country.
Turkey
Which type of funds generally have the lowest expense ratios?
Index Funds
Which of the following management roles is a part of the informational management category?
Monitor
Office Space would be considered as which factor of Production for a Business?
Capital
This Business model has a wider area than local but not national or international.
Regional
Name six teams that football Legend David Beckham has played for.
England National Team, Manchester United, LA Galaxy, Real Madrid, AC Milan, PSG, Preston North End.
Target Date funds will tend to have more ____ and less ____ the closer you are to retirement.
Which management theory emphasizes that there is no single best way to manage, and decisions should be based on situational factors?
Contingent Theory
Name all of Porter's Five Forces
Bargaining Power of Suppliers, Bargaining Power of Buyers, Threat of New Entrants, Threat of Substitute Products or Services, Intensity of Competitive Rivalry.
Four Functions of a Business
Production, Marketing, Management, Finance (or Accounting)
This Island located in Southeast Asia is rich in rainforest and biodiversity, home to many endangered animals found nowhere else including the orangutan. Which three countries occupy different swathes of this island.
Malaysia, Indonesia, Brunei
This acronym works both as a stock exchange and a stock index.
NASDAQ
Name ALL of Mintzberg's Management Roles
Figurehead, Leader, Liaison, Monitor, Disseminator, Spokesperson, Entrepreneur, Disturbance Handler, Resource Allocator, Negotiator.