[Solved] Assignment 219103

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1.award:2 out of2.00 pointsMC Qu. 3 Which of the following circumstances is mos…Which of the following circumstances is most likely to reduce one’s standard of living?A decrease in the cost of some goods such as a decrease in housing prices.Stable prices and an increase in employee wages.An increase in the cost of some goods such as escalating gasoline prices.Losing your job, but gaining a sizeable inheritance.2.award:0 out of2.00 pointsMC Qu. 14 Since the mid-1980s, the __________ sector has …Since the mid-1980s, the __________ sector has generated the most amount of increases in employment in the United States.goods producingagriculturalmanufacturingservice3.award:2 out of2.00 pointsMC Qu. 1 When referring to risk, which …When referring to risk, which of the following statements is reasonable?Although risk means taking a chance at losing, the less risk you take, the more you are likely to profit.Good business strategy encourages less risk, because the least risky ventures usually make more profit.Sizeable risks can lead to substantial profits, if the business takes calculated risks and captures good opportunities.Although risk means taking a chance, a start-up will usually manage to get off the ground faster if the stakes are high.4.award:2 out of2.00 pointsMC Qu. 15 Today, high-paying service-sector jobs in the U.S. …Today, high-paying service-sector jobs in the U.S. can be found in ___________________.machine tools productionentertainmentfarmingthe automobile industry5.award:0 out of2.00 pointsMC Qu. 13 In the technological business environment the …In the technological business environment the opportunity would be the internet, the challenge would be_______, whereas in the global business environment the opportunity would be ______ and the challenge would be war and terrorism.rev: 09_10_2012E-Commerce theft and increase in standard of livingLeisure time and databasesIdentity theft and green livingDecrease in social security contributions and the Freedom to choose and start your own business.6.award:2 out of2.00 pointsMC Qu. 1 The way in which a country’s resource…The way in which a country’s resources are utilized to produce goods and services; and, the way those goods and services are distributed among those who desire to have them depends upon ______________.The number of documented economically disadvantaged persons in the nationThe economic system under which the country operatesThe availability of tangible versus intangible resourcesThe stage of development of those resources7.award:2 out of2.00 pointsMC Qu. 11 The U.S. unemployment rate is an important, key economic indicator…The U.S. unemployment rate is an important, key economic indicator because most of us need jobs to maintain our standard of living. A criteria used to calculate the unemployment rate is:all persons claiming not to have a job, except students. Full-time and part-time students are excluded from the calculation.persons who were dismissed from their last job, and, subsequently have been out of work for over a year.anyone under the age of 60, who does not have a job and lives within the physical borders of the U.S.unemployed persons age 16 and over, who have been looking for work during the past four weeks.8.award:2 out of2.00 pointsMC Qu. 14 A few years ago, the American Society of Civil Engineers published…A few years ago, the American Society of Civil Engineers published a report card for America’s interstates. It was reported that road repairs cost the American taxpayers $67 billion per year. Through the enactment of ___________ the U.S. government collects tax dollars and then spends some of these funds to maintain the infrastructure of the nation. Increasing taxes has the effect of drawing money away from the private sector.deficit policyfiscal policycongressional policymonetary policy9.award:0 out of2.00 pointsMC Qu. 10 The following chart reflects the U.S.’s GDP [Gross Domestic Product] for the past five years.The following chart reflects the U.S.’s GDP [Gross Domestic Product] for the past five years. Which of the following statements best reflects the health of the U.S. economy during this time period?2005 $12.62 trillion2006 $12.96 trillion2007 $13.21 trillion2008 $13.16 trillion2009 $12.70 trillion2010 $13.09 trillionThe U.S. economy fell into recession in 2008 and 2009.Although the GDP decreased in 2008 and 2009, the decline was not enough for businesses and consumer to feel negative effects.The U.S. economy was experiencing recovery in 2007 and 2008.The U.S. economy experienced a robust economy, particularly during the first three years.10.award:0 out of2.00 pointsMC Qu. 13 At Six City Wellness Center, Greg operates a new state-of-the-art MRI scanner that serves…At Six City Wellness Center, Greg operates a new state-of-the-art MRI scanner that serves approximately 10 patients during his 8-hr. shift. Patients are scheduled for various lengths of time, depending on which part(s) of their body requires scanning. The image quality is significantly superior to what it was on previous scanners, but the number of patients served per day remains the same. This situation attests to the fact that:the service sector has seen improvement in quality of service, but productivity remains about the same.productivity is increased because it is calculated by combining quantity produced + quality produced.technological advancements have increased productivity in the service sector.hospitals and health clinics are part of the service sector. Productivity is not a concern in this sector.Multiple ChoiceMC Qu. 13 At Six City Wellness Center, Greg operates a new state-of-the-art MRI scanner that serves…11.award:2 out of2.00 pointsMC Qu. 8 According to Geert Hofstede, who has spent a lifetime…According to Geert Hofstede, who has spent a lifetime studying differences in cultures, the Chinese have a long-term orientation, meaning they are patient savers and are willing to forgo things today, for a better future. Americans typically have a short-term orientation. They prefer more instant gratification and are not as willing to save for the future. This difference in values between the Chinese and Americans is a _____________ attribute that may represent a challenge in future global trade.socioculturallegal and regulatoryphysicaleconomic12.award:2 out of2.00 pointsMC Qu. 3 As a strategy for reaching global markets, licensing…As a strategy for reaching global markets, licensing provides the licensor with several advantages. One advantage is _____________.the cost of producing and marketing the product in a foreign market is significantly reducedthere are very few contractual agreements between the two parties, so the licensee is free to sell proprietary technologies originally owned by the licensor at its discretionlicensing helps avoid patent infringementonce the licensing agreement is signed, the licensor has no obligation to customers for the quality of the product they receive13.award:2 out of2.00 pointsMC Qu. 5 Even though the nation faces political instability, the island of…Even though the nation faces political instability, the island of Frollik with its wide, expansive beaches is a destination hub for cruise lines. Recently, a large theme park business showed strong interest in buying land in Frollik, including beach front property, with the intent of building an entertainment park targeted toward families. The theme park company wants to make a commitment to Frollik, including the hiring of several hundred local employees. The global marketing strategy referred to in this scenario is ____________.strategic alliancelicensing agreementjoint ventureforeign direct investment14.award:2 out of2.00 pointsMC Qu. 1 The Republic of South Africa exports edible fruits and…The Republic of South Africa exports edible fruits and nuts into the common market known as the European Union, and imports from the European Union other products which South Africa could produce but at a higher cost than what it costs the Europeans to produce. This practice follows the premise of _________________.The Theory of Competitive AdvantageThe Theory of MalthusThe Theory of Comparative AdvantageThe Theory of Absolute Advantage15.award:0 out of2.00 pointsMC Qu. 6 The strategic alliance between Coca Cola and Nestle has…The strategic alliance between Coca Cola and Nestle has spanned a period of over 20 years due to the fact that both companies benefit from this arrangement. As a global marketing strategy, an important characteristic of a strategic alliance is _____________.participant companies do not share costs or profitsseparation of company policies, procedures, and production, but unified financial accountabilitythe complete immersion of employees assigned to the alliance, eventually forming a separate companyit must be a long-term venture of 10 or more years16.award:2 out of2.00 pointsMC Qu. 5 The first day on the job waiting tables at a popular…The first day on the job waiting tables at a popular restaurant, Ashley noticed that when one member of the wait staff was serving a very large party, the other waiters would help with carrying food to the table(s) and even checking to make sure water glasses were filled and condiments were on the table. Although these actions were not part of the mandatory wait staff training, Ashley perceived that those who were not as attentive to helping out were not viewed as team players by the majority of employees. Ashley was observing an example of the ___________ followed at this organization.social order ethicsactual ethicscompliance-based ethicsintegrity-based ethics17.award:2 out of2.00 pointsMC Qu. 7 Proponents of corporate social responsibility strongly…Proponents of corporate social responsibility strongly believe in benevolence; however, they still want their businesses to be profitable. In the long run, they believe ______________.CSR can lead to even more profitsthe fastest way to demoralize your stakeholders is to throw too much money toward social programs, and less in the pockets of employeesbenevolence can lead to a vote of no confidence by company stakeholdersfirms should take added caution so as to develop a bias for government socialist type programs such as welfare18.award:2 out of2.00 pointsMC Qu. 9 The last recession changed the way many companies…The last recession changed the way many companies give. Monetary donations _______________. Many firms chose to ______________.increased; pull away from global contributions, but double the contributions in their domestic areas of operationincreased; give more money because they understood how badly society needed a helping handdecreased; eliminate all contributions in every waydecreased; encourage their employees to volunteer their time19.award:2 out of2.00 pointsMC Qu. 11 A few months ago, Pedro%u2019s Pizza House, …A few months ago, Pedro’s Pizza House, a large nationwide chain of restaurants, purchased one of its competitors, Italian Stallion Pizza Stations, for $800 million. Italian Stallion stockholders got a very fair deal for their stock: $6.50/share above market value. The event was not without its problems. An ethical issue arose when it was speculated that somehow a member of Pedro’s management team mentioned the deal to a person he sat next to on a flight from LA to Seattle. That person called five of his relatives. Three of them quickly bought shares of Italian Stallion and “got on record” before the acquisition. The ethical dilemma that occurred is called _________.moral improprietypro-current procurementacquisition stalkinginsider trading20.award:0 out of2.00 pointsMC Qu. 3 Jake served on a committee of employees who…Jake served on a committee of employees who were charged with selecting three co-workers to honor at the holiday banquet. One employee whose name was at the top of everybody’s list was instrumental in helping another employee who failed to wear his protective gear avoid a serious head injury. Although this was a noble act, Jake knew that the hero was frequently negligent about wearing his own head gear. Jake knew that several other employees followed strict company policy every day and always wore their head gear; yet, they were not being acknowledged for their compliance. These employees also knew Jake was representing them on this committee. According to Normal Vincent Peale, which of the following questions should Jake refer to as he proceeds to make an ethical decision?How does the action I am proposing to take make me feel about myself?Does the action I am about to take follow universal business law?How can my decision help elevate my own status with the firm?Is the action I am proposing to take something the boss would like to promote?Multiple ChoiceMC Qu. 3 Jake served on a co21.award:0 out of2.00 pointsMC Qu. 8 Twenty years ago, your parents invested in Sears. As…Twenty years ago, your parents invested in Sears. As the years have gone by, the investment has grown. However, if Sears should go out of business, what would happen?Your parents will only lose the value of their shares.Your parents will have to go to court to show they have no involvement in the firm.Your parents will have to borrow money to pay for the value of their shares.Your parents will be responsible for some of the debt of Sears.22.award:0 out of2.00 pointsMC Qu. 3 Partnerships refer to more than one owner. The …Partnerships refer to more than one owner. The difference between a general partnership and a limited partnership is a ______________.general partnership is a shadow firm for a much larger corporation. It is like a shell company to dispose of risky assetslimited partnership is taxed similar to a corporation, whereas a general partnership is taxed like a sole proprietorshiplimited partnership consists of general partners and limited partners, at least one of eachlimited partnership is limited by the number of partners allowed. There can only be a total of 10 partners actively involved in the business23.award:2 out of2.00 pointsMC Qu. 1 When Greg started his window-washing busine…When Greg started his window-washing business, he wanted to keep things simple. As recommended, he filed a record of the business with the state where he resided. He carefully watched his expenses including state filing expenses and licensure requirements. Greg knew his financial resources were limited, but after all, it was only “him.” There were no other family members to support. Greg could easily form a ___________________.sole proprietorshipS Corporationcorporationmaster limited partnership24.award:2 out of2.00 pointsMC Qu. 2 Unlimited liability means ___________.Unlimited liability means ___________.the business is responsible for the debt it incurs. If the business cannot pay its bills, the debt burden transfers to the owner(s), and he/she/they are liable for all debta concept that is reserved for corporations. Corporations are set up to realize unlimited liability of expensesthe business is responsible for the debt it incurs, and filing bankruptcy is out of the questionthe business is responsible for the debt. If the business cannot pay, the company files bankruptcy. The debt does not fall on the shoulders of individual owners. They are safe from the liability25.award:0 out of2.00 pointsMC Qu. 11 Organizations known as _______________ have a …Organizations known as _______________ have a significant role in the economic recovery. Some start-up businesses have successfully found sources of capital by going through one of these organizations.CDFIs (Community Development Financial Institutions)ARMs (Adjusted Rate Mortgage lenders)Venture CapitalistsPACs (Personal Asset Collateral funds)26.award:2 out of2.00 pointsMC Qu. 8 Why do experts agree that small business management …Why do experts agree that small business management and large business management are similar in practice?Similar to large businesses, small business have concerns about capital and good marketing and management.Large and small businesses still require several employees.Small businesses and large corporations raise capital in the same manner, and look to the same sources for that capital.Successful small businesses and large businesses typically grow at the same rate, and neither has the desire to remain the same size that it is today.27.award:2 out of2.00 pointsMC Qu. 6 When Parker started his business, he knew he had to keep …When Parker started his business, he knew he had to keep costs to a minimal and he worried about taxes. He planned to build and distribute safety goggles for construction workers and military personnel. Most of his business would not be walk-in customers. He chose to locate in a government subsidized area called a(n) ________________, where he would receive tax breaks.affective designationenterprise zoneimmigration zoneintrapreneurial territory28.award:0 out of2.00 pointsMC Qu. 7 Why do incubator facilities continue to remain …Why do incubator facilities continue to remain very popular with start-up businesses?They always team up with large corporations who are willing to buy out the small businesses.They have a very strong success rate. Their graduates almost always succeed.They almost always provide strong visibility.They are essentially loan offices.29.award:2 out of2.00 pointsMC Qu. 3 An opportunity has evolved that has leveled the playing …An opportunity has evolved that has leveled the playing field for home-based businesses. ___________ has made starting a home-based business much more affordable.The China price and opportunities to export to ChinaCultural acceptanceBroadband Internet connections and other technologiesTax law30.award:2 out of2.00 pointsMC Qu. 7 After 8 years of working for a company that installed …After 8 years of working for a company that installed underground sprinkling systems for golf courses, Jake was ready to venture into his own business. As he prepared his SWOT analysis, he evaluated where he stood at this time. He was fortunate to have $100,000 financing to get the business under way. He knew of three skilled installers who were willing and interested to work for him, and he was aware that new construction was at an all-time low, with several residential properties being foreclosed. In reviewing his list, you would categorize these events as __________.three opportunities and one threatthree opportunities and one weaknesstwo strengths and one weaknesstwo strengths and one threat31.award:2 out of2.00 pointsMC Qu. 8 All managers do planning. Allison is a general manager …All managers do planning. Allison is a general manager for a large toy store. Each day she plans the number of employees she will have in each department, including the number of cashiers. She plans the break schedules and the freight delivery schedules. In the business world, we refer to this type of planning as ___________.operational planningstrategic planningtactical planningcontingency planning32.award:0 out of2.00 pointsMC Qu. 12 Technical skills that apply to the business at …Technical skills that apply to the business at hand are most often necessary at __________.the board of directors levelhigher levels of managementlower levels of managementmid-levels of management33.award:2 out of2.00 pointsMC Qu. 5 Most businesses follow a logical process when performing…Most businesses follow a logical process when performing the planning function. It is important to understand ______________________, before embarking upon creating future long-term goals, objectives, and strategies.the needs of secondary suppliershow to measure objectivesthe current situationhow to analyze each job, via job descriptions and specifications34.award:2 out of2.00 pointsMC Qu. 11 Ben oversaw the work of six pharmaceutical sales …Ben oversaw the work of six pharmaceutical sales managers in the southeast region of the U.S. Each sales manager managed a team of 8-10 pharmaceutical sales representatives that developed relationships with doctors, clinics, hospital pharmacies, and local drug stores. Ben met regularly with four others in his company whose jobs were similar to his position. How would you describe the level of management Ben has achieved?Middle managementSupervisory managementFirst-line managementTop management34.award:2 out of2.00 pointsMC Qu. 11 Ben oversaw the work of six pharmaceutical sales …Ben oversaw the work of six pharmaceutical sales managers in the southeast region of the U.S. Each sales manager managed a team of 8-10 pharmaceutical sales representatives that developed relationships with doctors, clinics, hospital pharmacies, and local drug stores. Ben met regularly with four others in his company whose jobs were similar to his position. How would you describe the level of management Ben has achieved?Middle managementSupervisory managementFirst-line managementTop management35.award:2 out of2.00 pointsMC Qu. 7 During the past recession, Cali-Bration Company …During the past recession, Cali-Bration Company created a __________ organization, when it restructured and eliminated several middle management positions. As it emerged from the recession, Cali-Bration realized that Internet technology permitted the remaining employees to be just as responsive to customer needs as the firm was prior to restructuring.centralizedbureaucraticflattall36.award:0 out of2.00 pointsMC Qu. 9 ABC Company was awarded a bid to build an …ABC Company was awarded a bid to build an energy-efficient motor for a large government heating and cooling project. The requirements of the project included a timeline of one year to build and deliver the system. In order to provide a quality product and stay within the time requirements, ABC Company set up a _____________ organization, whereby employees from various functions of the business would join a team to see this project through, from start to finish. Upon completion, the team would disband and members would return to their respective functional units.matrixlinedynamicline and staff37.award:0 out of2.00 pointsMC Qu. 8 ABC Company desires a successful product …ABC Company desires a successful product launch. Looking outside of its industry, it solicits the advice of companies JKL and MNO who were known for successful product introductions in past years. The business term that we use to describe the practice of looking toward others for a model approach is called _____________.benchmarkingtotal quality managementoutsourcingtracing core competencies38.award:2 out of2.00 pointsMC Qu. 15 AJ was a newly hired attorney for Leisure T…AJ was a newly hired attorney for Leisure Time Gaming, Inc. Even though he reported directly to the president of the company, AJ noticed that the president always had time to converse with the director of sales, calling on him to get a pulse on legal/regulatory issues that, as the company attorney, AJ could have probably handled. AJ also noted that the HR manager’s administrative assistant was the “go to” person for a number of things that would make life easier at work. AJ was recognizing the _________________ culture at Leisure Time Gaming.socialeconomicinformal organizationformal organization39.award:2 out of2.00 pointsMC Qu. 7 In order for a U.S. or non-European companies to export …In order for a U.S. or non-European companies to export manufactured goods to European countries, which of the following would most likely apply?Lean manufacturing standards to increase worker productivity must be utilized.They must be privately-owned and managed in order to win any quality awards.Companies that want to do business with the EU must be certified by ISO standards.The company must be a recipient of the Malcolm Baldridge National Quality Award.40.award:0 out of2.00 pointsMC Qu. 9 Bellandro Brewery recently became certified as an …Bellandro Brewery recently became certified as an ISO 14000 company. Which of the following criteria would decision-makers evaluate for this award?Environmental improvement plans.Quality assurance standards.Free trade agreements and honoring international patents.The implementation of state-of-the-art automation systems.41.award:2 out of2.00 pointsMC Qu. 11 Anna worked for over an hour trying to set-…Anna worked for over an hour trying to set-up her new smart phone by following the brochure directions and even going online to access services. She finally gave-up and used the online locator to find the service provider’s nearest location to her home. Businesses know their products can be complicated and many customers prefer on-site service visits. Brick-and-mortar locations need to ________ in order to compete for the business of busy customers.offer outstanding customer servicebundle complimentary serviceslocate rather sparsely, so most customers would find it more convenient to do business onlinelocate inside smaller stores to save revenue42.award:0 out of2.00 pointsMC Qu. 6 A company that makes fireplace mantles uses computer …A company that makes fireplace mantles uses computer modeling in order to ensure that the process used makes the most efficient use of resources. The company is equipped with _____________ technology.dite selectionproduction managementCAD/CAMprocess manufacturing43.award:2 out of2.00 pointsMC Qu. 10 __________ is the process managers use to c…__________ is the process managers use to continually monitor all phases of the production process to ensure that quality is being built into the product from the beginning and that quality is not being “inspected” into the product at the end of the process.Six Sigma qualityStatistical quality control (SQC)Process manufacturingStatistical process control (SPC)44.award:2 out of2.00 pointsMC Qu. 1 With respect to the development of scientif…With respect to the development of scientific management, Frederick Taylor’s objective was to ______________.increase productivity at workdevelop a specialized work forceincrease worker satisfactiondecrease the number of work hours per day45.award:2 out of2.00 pointsMC Qu. 8 Motivating employees by expanding the number …Motivating employees by expanding the number of jobs or tasks that they are involved with is referred to as job ___________.rotationenlargementsimplificationenrichment46.award:2 out of2.00 pointsMC Qu. 11 Which of the following approaches suggests that a …Which of the following approaches suggests that a manager believes that employees should be involved in both defining problems and in designing the solutions?Maslow’s Hierarchy of NeedsMcGregor’s Theory YHerzberg’s Two-factor TheoryTaylor’s Scientific Management47.award:2 out of2.00 pointsMC Qu. 9 McGregor recognized that ____________.McGregor recognized that ____________.worker attitude toward managers affected how managers proceeded to motivatethere are no purists. Managers’ attitudes toward employees are a combination of learned behavior and situational behaviortheir attitude toward workers affected how managers proceeded to motivatethe lower order needs of workers were usually satisfied after higher order needs were satisfied48.award:0 out of2.00 pointsMC Qu. 15 An HR director was reviewing the job description …An HR director was reviewing the job description for a new position in the Information Technology department of his company. He quickly jotted down a few comments that he would later share with the department manager. Among other things, his comments included suggestions for incorporating more skill variety into the job and a little more autonomy as to how the job might be accomplished from start to finish. As a student of business, you recognize that the HR director believes that a person holding this position would be motivated by _______________.equitytask identityjob enrichmentmanagement by objectives49.award:0 out of2.00 pointsMC Qu. 12 Maverick Motors was a small manufacturing company that …Maverick Motors was a small manufacturing company that made motors for compressors used in air conditioning systems. Maverick purchased Calvert Compressor Company which essentially became Maverick Motors’ largest customer. This strategic decision is termed a:rev: 09.24.2012hostile acquisitionvertical mergerhorizontal mergerconglomerate merger50.award:2 out of2.00 pointsTF Qu. 7 The reason industries such as robotics and b…The reason industries such as robotics and biotechnology have grown rapidly in recent years is that the United States has a surplus of highly educated and experienced workers available for employment in these fields.TrueFalse

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