business administration
After only her seventh month in business, Martha realized that her new business venture was paying off, and she would be taking home a $1,000 profit for the month. Finally, she could reap the financial rewards of being the boss. This is an advantage of what type of business ownership?
Merger
Partnership
Corporation
Sole proprietorship
04 - Sole Proprietorship
Two similar brand promises may be carried out differently depending on their
business environments.
types of packaging.
logos.
slogans.
01 - Business Environments
What action would you recommend a hotel restaurant's manager take when the following situation occurred?The manager phoned a restaurant supply house to order new table linens and was told that she would also need to buy a case of wine and two dozen wine glasses to get the table linens. The manager did not want the wine or the glasses.
A.Visit the restaurant supply house to verify the quality of the wine and the glasses
B. Buy the linens and the add ons from the restaurant supply house
C. Report the restaurant supply house for fraud
D. Report the restaurant supply house for antitrust violations
D. Report the restaurant supply house for antitrust violations
Which of the following is a legal concept that affects businesses that operate in foreign countries:
A. Sovereign immunity
B. Eminent domain
C. Absolute privilege
D. Social responsibility
A. Sovereign immunity
True or False: Medical professionals have concluded that it is fairly likely that drones will be used to collect blood samples from those in rural areas.
True!
Lucy, who works for the Green Corporation, is responsible for handling special events and responding to requests for information about the company. Lucy works in
merchandising.
marketing research.
marketing communications.
professional selling.
03 - Marketing Communications
Jayson just learned his company wants to hire a new public relations assistant. He posts the job position information on his personal social media accounts and gives contact information for the manager that will be conducting interviews. Why is this inappropriate use of social media?
It could give Jayson's friends an unfair advantage over other job candidates.
It is unprofessional to post company employment information on a personal site.
Jayson is using inside knowledge to appear more important on his social sites.
Jayson is using his company's image to increase his number of social contacts.
02 - It is unprofessional to post company employment information on a personal site
A researcher should consider an author's expertise in a particular topic when assessing the validity of written articles and publications to ___________.
A. evaluate the author's level of credibility.
B. verify the timeliness of the information.
C. analyze the author's emotional intelligence.
D. confirm personal understanding of the information.
A. evaluate the author's level of credibility.
Erick and Jacob are college graduates who want to open an accounting firm. However, Erick has a full-
time position that he plans to continue but still wants to be a part of this business venture. Which form of
business ownership would you recommend to Erick and Jacob?
A. Consolidation
B. General partnership
C. Limited partnership
D. Open corporation
C. Limited partnership
In the US, how many doctors are there for every 1000 people?
3 doctors
Jasmine owns a boutique on a busy street. Although her shop is small, it gets a lot of foot traffic, and she has many customers. Which of the following security procedures should Jasmine follow:
Keep a large amount of cash in her cash register at all times.
Have another person present when she opens up in the morning.
Avoid making eye contact with customers who walk into the store.
Keep the lighting dim to create an upscale mood.
02 - Have another person present when she opens up in the morning.
A producer can minimize channel conflict among its distributors and retailers by
selling its items directly to the end users.
offering different products through each channel.
establishing slotting fees for certain channels.
requesting that the channel members carry only its brand.
02 - Offering Different Products Through Each Channel
Zeke's manager asked him to conduct research on social media promotional strategies and write report detailing his recommendations for incorporating these strategies into the company's overall promotional plan. Based on his manager's instructions, Zeke should organize the contents of his report in __________ order.
A. deductive
B. chronological
C. geographical
D. value
A. deductive
To build and repair bridges, Campbell Construction Company buys steel beams from Horton
Manufacturing. In this situation, Campbell Construction Company is the
A. wholesaler.
B. industrial user.
C. producer.
D. indirect agent.
B. industrial user.
On average, how much more do patients in the US pay extra for medication?
2.6%
When a business uses computer technology to manage its money and move it among different accounts, it is taking advantage of
electronic transfer of funds.
hardware.
expert systems.
electronic data interchange.
01 - Electronic Transfer of Funds
Electronic billing, purchase-order verification, bar-code technology, and image processing are examples of
functions of the finance department.
horizontal channel integration.
integrated data between channel members.
vertical channel integration.
03 - Integrated Data Between Channel Members
Which is better customer for company to have: one who complains about poor service or faulty product, or one who doesn't?
A. One who complains because s/he gives the company an opportunity to fix its mistakes.
B. One who complains because then the company has an opportunity to explain why the customer is wrong.
C. One who doesn't complain because fewer complaints cost the company aless money.
D. One who doesn't complain because ait means s/he is satisfied.
A. One who complains because s/he gives the company an opportunity to fix its mistakes.
Small businesses have a positive effect on the local community because they
A. reduce competition.
B. pay taxes.
C. limit job growth.
D. charge interest.
A. reduce competition.
How much is the entire healthcare industry worth?
$6657 billion
Computer programs that allow businesses to manage all types of activities, such as inventory control and finance, are known as
1. integrated software application packages.
2. electronic communications programs.
3. interactive information display packages.
4. wireless connectivity programs.
01 - Integrated Software Application Packages
A company decides to spend $5,000 on new office furniture instead of putting that money toward the marketing budget. What is the opportunity cost of this decision?
Lost benefits of additional marketing
Office furniture
$5,000
Lost benefits of new furniture
01 - Lost Benefits of Additional Marketing
Deducting expenses helps businesses to save on taxes by
A. reducing payroll costs.
B. increasing owners' salaries.
C. lowering taxable income.
D. increasing profits.
C. lowering taxable income.
Communicating effectively, showing a sense of teamwork, and being a good negotiator are all ways to
demonstrate which component of emotional intelligence?
A. Social management
B. Social awareness
C. Self-management
D. Self-awareness
A. Social management
How much does the anti-cancer drug Avastin cost in the US? (bonus: how much more does this drug cost in the US than in the UK?)
$3,930 (9x)