Management and the Organizational Chart
Marketing
Money
Products and Promos
It's all Relative
100
The number of people managed by one supervisor is called the manager's ________. a. authority b. span of control c. responsibility d. line authority
What is b) span of control
100
________ utility is created when a company makes products available when consumers want them. a. Place b. Time c. Form d. Possession
What is b) Time
100
Existing stocks and bonds are sold in the ________. a. tertiary market b. primary market c. secondary market d. private placement market
What is c) secondary market
100
The ________ is a series of stages through which a product passes during its profit-producing life. a. product profit stage b. profit life stages c. product life cycle d. product life stage
What is c) Product life cycle
100
Which of the following theories suggest that people are motivated to work toward rewards that they want and that they believe they have a reasonable chance of obtaining? a. equity theory b. expectancy theory c. scientific management d. two-factor theory
What is b) expectancy theory
200
The way in which a business tries to balance its commitments to groups and individuals in its social environment is called ________. a. business ethics b. socialization c. corporate responsibility d. social responsibility
What is d) social responsibility
200
In the marketing mix, ________ refers to distribution. a. place b. price c. product d. promotion
What is a) place
200
________ is the amount of money that owners would receive if they sold all of a company's assets and paid all of its liabilities. a. Inventory b. An asset c. Owners' equity d. Remaining liability
What is c) Owners' equity
200
At XYZ Enterprises, cloth is cut in the front room of the facility. The cut cloth then moves to the sewing department in the back room. What type of layout is utilized? a. hybrid b. product c. process d. fixed-position
What is c) process
200
The ________ refers to the total value of all goods and services produced within a given period by a national economy through domestic factors of production. a. standard of living b. gross domestic product c. gross national produce d. aggregate output
What is b) gross domestic product
300
Determining what the organization needs to do and how best to get it done requires ________. a. processing b. controlling c. organizing d. planning
What is d) planning
300
Burberry is repositioning itself as a global luxury brand, such as Gucci and Louis Vuitton, and calls for luring a different type of customer. This is an example of what type of market segmentation? a. product-use b. psychographic c. demographic d. geographic
What is b) psychographic
300
The flow of money into or out of a country is referred to as the ________. a. monetary policy b. comparative advantage c. trade deficit d. balance of payments
What is d) balance of payments
300
The technique for communicating information about products is referred to as ________. a. promotion b. product c. price d. place
What is a) promotion
300
When a country's imports exceed its exports, the nation has a ________. a. competitive advantage b. trade deficit c. trade surplus d. balance of payments
What is b) trade deficit
400
The organizational form defined as"an artificial being, invisible, intangible, and existing only in contemplation of the law" is a(n) ________. a. sole proprietorship b. limited partnership c. general partnership d. corporation
What is d) corporation
400
The point at which the supply curve and the demand curve intersect on a graph is referred to as the ________. a. surplus price b. perfect price c. equilibrium price d. decision point
What is c) equilibrium price
400
The ________ is the rate at which the currency of one nation can be exchanged for that of another. a. trade surplus b. floating interest rate c. balance of payments d. exchange rate
What is d) exchange rate
400
When Wal-Mart marks down its Halloween items 75 percent the day after Halloween, the company's actions show that those items have lost their ________ utility a. ownership b. form c. time d. place
What is c) time
400
When evaluating a decision based on the ethical norm of rights, a manager will consider which of the following questions? a. Does the decision optimize the benefits for those who are affected by it? b. Is the decision consistent with people's responsibilities to each other? c. Is the decision consistent with what we regard as fair? d. Does the decision respect the rights of the individuals involved?
What is d) Does the decision respect the rights of the individuals involved?
500
In which economic system does the government own and operate select major industries? a. socialism b. communism c. capitalism d. free enterprise
What is a) socialism
500
SWOT analysis allows managers and employees to assess ________. a. external threats b. external strengths c. internal opportunities d. external weaknesses
What is a) external threats
500
Which stock exchange has the highest volume of shares traded? a. Nasdaq b. American Stock Exchange c. Philadelphia Stock Exchange d. New York Stock Exchange
What is a) Nasdaq
500
________ is the economic condition characterized by widespread increased prices without increased purchasing power. a. Deflation b. Expansion c. Unemployment d. Inflation
What is d) Inflation
500
Asking an applicant about his race or national origin may be a violation of ... a. The Fair Labor Standards Act b. The Affirmative Action Act c. Title VII of the 1964 Civil Rights Act d. The Immigrant Discrimination Act
What is b) Affirmative Action Act
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