Professional Development [3.00]
Employees who have innovation skills are able to:
Think in New Ways
Which processes turn economic resources into goods and services?
Production
When prices increase, producers usually:
Increase Supply
Businesses would not be able to determine if they are meeting their financial goals without accurate:
Each year, more than 500,000 people watch the Soccer World Cup sponsored by Adidas. What is being marketed by Adidas?
Goods/Product
Shannon's best friend has been excluding her lately. They were supposed to go shopping together, but her friend called and canceled. Shannon is upset about it. This is an example of which type of problem?
Peer
Primetime Incorporated is a retailer of sporting gear. It sells 500 pairs of a specific Nike sneaker each day. Nike, the supplier, takes a week (7 days) to deliver the order. For what quantity should the inventory manager place his/her next order?
3,500 Units
Which group of words best describes wants?
What is one of the main reasons why businesses need to keep accurate accounting records?
To Control Expenses
A type of business ownership in which one or more of the owners does not have full liability is called a:
Limited Partnership
The newly redesigned Toyota Corolla is an example of:
Product Innovation
By purchasing just the quantity of supplies that is needed, purchasing can:
Minimize Inventory Investment
A local dealership purchased 100 blue pickup trucks, but has only been able to sell three in the past five months. Because of the low demand for these trucks, the dealer has been forced to lower the sticker prices, creating which type of market for blue pickup trucks?
Buyer's Market
Businesses use the information collected through the accounting process to prepare accurate:
Which type of ownership gives a business an exclusive territory, training and support during start up, and a competitive edge in the market?
Franchise
In which part of a SMART goal would one track progress toward his/her outcome?
Measurable
Maintaining an inventory of supplies helps a business to:
Operate Efficiently
Which occurs when the supply of individuals who are able and willing to work diminishes?
Human Resources become Limited
Assets a company already owns and can use to finance a new venture are called:
Equity
The Scott Company decided to sell stock to raise capital. Under what form of business organization does the company operate?
Corporation
A paradigm innovation occurs when:
Major Shifts in Thinking Cause Change
The primary reason that governments develop workplace health and safety regulations is to:
Protect Employees from Injury and Illness
If three employees each work 35 hours a week and produce a total of 9,765 items, what is their total hourly productivity level?
93 items/hr.
The government can borrow money from the private sector in order to pay the costs of regulation by:
Issuing Bonds
Melissa, a marketing manager for an amusement park, has a goal of increasing sales for the month of October. Melissa needs to first spend time mapping out the necessary steps she and her team of sales representatives must take so that they can increase their sales numbers. Which managerial function is she performing?
Planning