Business Management and Admin
Employees' creative suggestions often result in changes that increase ___________ and reduce expenses. A. costs B. losses C. conflict D. efficiency
Efficiency
1. Which of the following is the primary stakeholder influencing corporate governance:
A. Company shareholders
B. High-level company executives
C. Organizational employees
D. The board of directors
Board of directors
6. Which of the following characteristics best describes the practice of stewardship in financial-information management: A. A company culture of mentorship B. Focus on potential future cash flows C. Emphasis on accountability for resources D. Providing information to shareholders based on usefulness
Emphasis on accountability for resources
An advertisement for a spa promotes its clean facility, gentle massage therapists, and peaceful atmosphere. The spa is communicating the core customer value of A. knowledge. B. relaxation. C. adventure. D. sociability.
Relaxation
One advantage to businesses using electronic funds transfer technology to collect accounts receivable is that it eliminates A. liquidity reporting. B. check processing. C. sales discounting. D. payee outsourcing.
How can an organization promote knowledge management from the top down?
A. Rewarding individual achievement
B. Providing the right technology
C. Valuing competitiveness
B. Providing the right technology
Tom, a musician, is sending copies of his latest album to several social media influencers. He hopes that at least a few of them will mention his album in their posts. Tom is most likely using __________ marketing to promote his work. A. mass B. ambush C. business-to-business D. word-of-mouth
Word-of-Mouth
11. Which of the following is a way in which managerial accountants can help a company's management: A. Accumulating data on costs and profits B. Releasing financial information to the public C. Hiring and training new employees D. Setting competitive product or service prices
Accumulating data on costs and profits
Jeremy's Nutrition Company brands its new J-Bar protein bar with a logo, tagline, and color scheme. What is the final stage of brand loyalty that new products like the J-Bar strive to reach? A. Brand insistence B. Brand preference C. Brand recognition D. Brand awareness
Brand insistence
You are a marketing-research specialist for a company and have been asked to develop ideas for a new product that the company might produce. To compile age, income, and geographic information on possible customers, you should obtain:
A. primary data from industry organizations. B. primary data from marketing-research companies. C. secondary data from company sales records. D. secondary data from government agencies.
D. secondary data from government agencies.
The executive summary is the most critical part of a business plan. Which of the following should be included in the executive summary of a business plan:
A. Owner or CEO's name
B. Price of goods/services offered
C. Names of key employees
D. Mission statement
Mission statement
Bryan wants to start his own business, but his partner isn't happy about the family time Bryan will miss while dealing with his new venture. This is an example of a(n) __________ risk that entrepreneurs face. A. financial B. technology C. reputational D. emotional
Emotional
12. When the Consumer Price Index (CPI) increases sharply, stock prices usually A. stay the same. B. fall. C. fluctuate daily. D. rise.
Fall
Which of the following techniques involves capturing knowledge in a table by grouping similar variables, concepts, or properties:
Repertory grid
When determining personal net worth, how are personal liabilities handled? A. They are subtracted from the net worth subtotal. B. They are not used in the calculations. C. They are subtracted from the total of assets. D. They have to be eliminated first.
They are subtracted from the total of assets.
A company is considering whether to expand its operations into a neighboring country. The company predicts that the expansion will increase profits, but the firm's financial officials are concerned about the strength of the foreign dollar. This is an example of which of the following risk factors associated with international business:
Foreign currency exchange
12. Company B's management has determined that it must downsize. Three people in the customer service department will lose their jobs. Which of the following records can management use to help them determine which employees to keep: A. Human resources records B. Production records C. R&D records D. Inventory records
HR records
18. Cyrus uses a methodology of risk management in his organization that takes a top-down, company-wide approach when preparing for possible hazards. This strategy is called __________ risk management. A. enterprise B. medium C. traditional D. ad hoc
Enterprise
A quick-serve restaurant chain might use an odd-pricing strategy for some of the items on its menu to: A. suggest value. B. increase overhead. C. emphasize quality. D. reduce risk.
suggest value
Which of the following is a stage of a product's life cycle: A. Maturity B. Adolescence C. Death D. Birth
Maturity
Records that contain information about a business's monetary transactions and money are most likely to be - __________ records. A. asset B. budget C. tax D. financial
Financial
Matteo has decided to support his friend's new startup by contributing financially while the startup is still in its early stages. This type of financing is often called A. seed funding. B. crowdfunding. C. impact investing. D. bridge financing.
Seed Funding
19. A statement of equity helps companies make decisions about how to A. organize income statements. B. analyze financial trends. C. control their production costs. D. reinvest their retained earnings.
reinvest their retained earnings
97. Employees can help prevent losses from price-ticket switching by A. putting individual price tickets on goods. B. using cost codes on all price tickets. C. using more than one price ticket on goods. D. being familiar with regular product prices.
being familiar with regular product prices.
. To outdo competitors, a company may choose air freight to distribute its products. Which of the four P's of marketing is affecting the product's price? A. Packaging B. Product C. Promotion D. Place
Place