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100

The primary work of all managers can be grouped within four functions: planning, organizing, implementing, and this one __________

What is budgeting?

100

All managers perform some of the same activities. True or false

true

100

These type of goods are known to be manufactured and sold within a country

What are domestic goods?

100

More managers are usually needed when workers are empowered. True or False

What is False?

100

Goods and services that are bought from another country are called these.

What are imports?

200

Innovations will ____________ affect business operations

What is usually, often, almost always...? any of these

200

These should be developed and stated in a very specific, realistic way with specific dates to have the greatest chance of achieving them

What are goals?

200

This is Revenue - Costs

What is profit or net income?

200

Goods and services that are sold to other countries are called these

What are exports?

200


value of an English pound relative to the euro is its


What is exchange rate?

300

This type of business analysis considers both internal and external factors

What is a SWOT analysis?

300

The response of people behaving differently when they are receiving attention is known as this

What is the Hawthorne Effect?

300

The rate at which employees leave or are let go of a company

What is turnover?

300

This type of manager works directly with employees and are responsible for translating the company’s plan into action.

What is a supervisor?

300


These have a tendency to lower the price of foreign products.



What are tariffs?

400

The label of when employees know they are being noticed and strive for recognition

What is the Hawthorne Effect

400

all activities involved with acquiring, developing, and compensating the people who do the company’s work is called this ____________________

What is Human Resources or HR

400

People in the first (or beginning) level of management in a company are known as these

Supervisors

400

As a result of Henry Ford's innovations, the following became standard in American factories

What is a an 8 hour workweek?

400

This agency creates and enforces rules governing fair trade worldwide.



What is the WTO?

500

The branches of an international firm are called these.

What are subsidiaries?

500

In a low-context culture such as the United States, communication would likely be this style.

What is direct?

500


The strategy of selling a product internationally below their manufacturing cost and  is designed to drive domestic producers out of the market is called this.



What is dumping?

500

When an American company allows a Japanese company to produce and sell in Japan a product the American company invented, this arrangement is known as this

What is International Licensing?

500

From the Google article in your workbook, this is the most important ingredient for successful teams

What is Trust?

600


Unwritten rules of how to interact with one another are called these



What are norms?

600

Money given to companies from a government is called this

What is a subsidy?

600

when a person or organization makes a decision that will benefit themselves even though they are supposed to make a fair decision that benefits all is called this

What is a conflict of interest?


Note: making this an extra credit question

600

Threat of New Entrants

Bargaining Power of Suppliers

Bargaining Power of Buyers

Rivalry among Competitors

___________________________ is missing from Porters Five Forces

What is Threat of Substitutes?