Accounting
Leadership
Management
Marketing
Finance/International
100
17. In a period of rising prices, which inventory valuation method would generally yield both the lowest ending inventory value and the lowest net income figure? (A) First in, first out (FIFO) (B) Last in, first out (LIFO) (C) Weighted average (D) Standard cost
What is Last in, first out (LIFO)
100
If the link between performance and reward is broken in the expectancy theory, employees will not be motivated. Which of the following is an example of a broken link? a) A professor who tells his class he never gives an A. b) A professor who tells his class he gives As if you show up to every class. c) A professor who tells his class he will give all As if everyone gives him a good evaluation. d) A professor who tells his class he gives Bs if you show up to every class.
What is A professor who tells his class he never gives an A.
100
A small number of people with complementary skills who are committed to a common purpose, a set of performance goals, and an approach for which they hold themselves mutually accountable is referred to as a (A) committee (B) task force (C) group (D) team
What is a team
100
1. In marketing research, a firm might consider using secondary data over primary data because (A) secondary data usually cost less (B) secondary data are usually more accurate (C) primary data are usually non specific (D) primary data are likely to be outdated
What is secondary data usually cost less
100
The term “net working capital” refers to: (A) inventories, receivables, and current notes and investments (B) assets divided by liabilities (C) current assets less short-term liabilities (D) net assets left over after subtracting cost of goods sold
What is current assets less short-term liabilities
200
Abraham Maslow, noted psychologist, theorized that people were motivated by a) money, more money, and even more money. b) time pressures. c) unmet needs. d) greed.
What is unmet needs
200
23. A department manager telephoned two managers in other departments to discuss a cost savings idea that would benefit their departments as well as her own. Which of the following most accurately defines the communication channel that the manager was using? (A) Upward (B) Lateral (C) Downward (D) Hierarchical
What is Lateral
200
29. Family branding refers to a group of (A) similar brands of products from different makers (B) different brands of products from different makers within the same industry (C) different products marketed under a single brand name (D) similar products sold by small, family-owned firms
What is different products marketed under a single brand name
200
9. Within the context of the capital asset pricing model (CAPM), the risk measure known as beta is often computed by regressing the return of the company’s stock against the (A) return on the company’s bonds (B) return on the market portfolio (C) change in the gross domestic product (D) change in the consumer price index
What is return on the market portfolio
300
_____ managers assume that employees dislike work, that motivation is best accomplished by threats and coercion, and that people prefer to be directed rather than use their own initiative. a) Theory A b) Theory Z c) Theory Y d) Theory X
What is Theory X
300
24. Based on his scientific management theory, Frederick Taylor developed what pay principle? (A) Hourly pay (B) Incentive pay (C) Profit sharing (D) Monthly salary with bonus
What is Incentive pay
300
Which of the following is not one of the 4 P's of marketing? (A) Price (B) Promotion (C) Process (D) Product
What is Process
300
16. A firm that would like to know whether it has enough cash to meet its bills would be most likely to use which category of financial ratio? (A) Liquidity (B) Leverage (C) Efficiency (D) Profitability
What is Liquidity
400
As a manager, Kathy always tries to give the workers in her area clear and frequent information on job performance. Her efforts in this respect provide _____, which can contribute to _____. a) autonomy; task significance b) task identity; self-actualized workers c) feedback; job enrichment d) autonomy; better contingency planning
What is feedback; job enrichment
400
10. A project consists of 150 jobs. The expected completion time for each job is given in days. The project has three critical paths with two jobs in common, J and K. In order to finish the project one day early, the completion time should be reduced one day for (A) each of the 150 jobs (B) each of the jobs on the three critical paths (C) either Job J or Job K (D) both Job J and Job K
What is either Job J or Job K
400
15. If the spread between the spot and forward exchange rates of two currencies equals the interest rate difference between the two countries, this phenomenon is referred to as (A) purchasing-power equality (B) commodity arbitrage (C) currency hedging (D) interest-rate parity
What is interest-rate parity
500
_____, attributed to Victor Vroom, is based on the key concept that workers will be motivated if they believe that their effort will lead to good performance, and good performance will lead to a meaningful reward. a) Equity theory b) Expectancy theory c) Equalization theory d) Self-actualization theory
What is Equity theory
500
7. Which of the following statements about a systems flowchart is true? (A) It is used in systems design to define and describe each piece of data. (B) It is a method of writing programs using only three basic constructs: sequence, selection, and repetition. (C) It documents the sequence of processing steps that take place in an information system. (D) It documents the logical design of an information system.
What is It documents the sequence of processing steps that take place in an information system.
500
25. When a domestic firm permits a foreign company to manufacture and sell its product in exchange for a fee or royalty, the process is termed (A) importing (B) exporting (C) licensing (D) countertrading
What is licensing
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