BUS100
Management
Money Matters
Mo' Business
It's all relative
100
The most important benefit of sole proprietorships is ________. a. freedom b. no liability c. lack of privacy d. failure
What is a. freedom
100
Managers focus on plans, results, and goals, whereas leaders focus on ________. a. sales b. productivity c. people d. profitability
What is c. people
100
A(n) ________ is a debt owed by a firm to an outside organization or individual. a. liability b. account c. equity d. asset
What is a. liability
100
The biggest advantage of regular corporations is ________. a. private ownership b. lack of continuity c. ease of limiting ownership d. limited liability
What is d. limited liability
100
Managers who subscribe to ________ believe that people are naturally energetic, growth-oriented, self-motivated, and interested in being productive. a. two-factor theory b. Theory Y c. scientific management d. Theory X
What is b. Theory Y
200
The owners of a corporation are the ________. a. stockholders b. board of directors c. officers d. top managers
What is a. stockholders
200
________ is the systematic direction and control of the processes that transform resources into finished products. a. Marketing b. Operations management c. Methods management d. Control
What is b. Operations management
200
A stock's ________ is the face value of a share at the time it is originally issued. a. par value b. book value c. market value d. no-load value
What is a. par value
200
The term ________ refers to raw facts and figures. a. truth b. knowledge c. information d. data
What is d. data
200
What were the earliest approaches to leadership? a. behavioral approaches b. rational approaches c. situational approaches d. trait approaches
What is d. trait approaches
300
Phishing or pharming involve the use of ________. a.intellectual property theft b. firewalls that prevent hacking c. deceptive e-mails that imitate popular Web sites d. viruses sent from one station to another in a LAN
What is c. deceptive e-mails that imitate popular Web sites
300
Authority that flows up and down the chain of command is called ________. a. line authority b. departmental authority c. delegated authority d. staff authority
What is a. line authority
300
U.S. currency passes from hand to hand over a period of time without degrading. This demonstrates that it is ________. a. stable b. durable c. portable d. divisible
What is b. durable
300
Determining the best way to arrange a firm's resources and activities into a coherent structure is called ________. a. leading b. organizing c. controlling d. planning
What is b. organizing
300
Which of the following represents the most businesses in the United States? a. corporations b. partnerships c. cooperatives d. sole proprietorships
What is d. sole proprietorships
400
Which of the following exists when an industry or market has only one producer? a. oligopoly b. perfect competition c. monopoly d. communism
What is c. monopoly
400
Managers who subscribe to ________ believe that people are naturally lazy and uncooperative and must be either punished or rewarded to be made productive. a. equity theory b. Theory X c. Theory Y d. two-factor theory
What is b. Theory X
400
Which stock exchange has the highest dollar value of shares traded per day? a. New York Stock Exchange b. Pacific Stock Exchange c. American Stock Exchange d. NASDAQ
What is a. New York Stock Exchange
400
The two most basic forms of planned economies are ________. a. capitalism and socialism b. communism and socialism c. socialism and the welfare state d. socialism and free-enterprise
What is b. communism and socialism
400
________ can travel from computer to computer without your needing to open any software to spread the contaminated file. a. Trojan horses b. Worms c. Computer viruses d. All of the above
What is b. Worms
500
A ________ shows how many of a given product will be bought at different prices. a. price list b. demand curve c. supply curve d. price control
What is b. demand curve
500
The ability to define problems and select the best course of action is the definition of ________. a. production skills b. human relations skills c. decision-making skills d. conceptual skills
What is c. decision-making skills
500
Which of the following is NOT a primary tool for controlling the money supply? a. selective credit controls b. discount rate controls c. reserve requirements d. taxation
What is d. taxation
500
A highly successful bakery specializes in making cherry tarts. The bakery workers are paid by the number of tarts they make and that are sold. Which of the following costs at the bakery is a fixed cost? a. flour for tarts b. rental fee on bakery's building c. cherries d. all of these
What is b. rental fee on bakery's building
500
When evaluating a decision based on the ethical norm of justice, a manager will consider which of the following questions? a. Is the decision consistent with what we regard as fair? b. Does the decision respect the rights of the individuals involved? c. Does the decision optimize the benefits for those who are affected by it? d. Is the decision consistent with people's responsibilities to each other?
What is a. Is the decision consistent with what we regard as fair?
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