Final

Front 1

If am employee is involved with transforming resources into goods and services, then he is in

Back 1

Operations management

Front 2

Downsizing is an effective way to

Back 2

Gain the advantages of small businesses

Front 3

The process of spreading the costs if long-lived assets such as buildings and equipment over the total number of accounting periods in which they are expected to use is called

Back 3

Depreciation

Front 4

If a company pays its workers additional compensation at the end of the year as a thank you for good work, this monetary reward would most likely be categorized as a

Back 4

Bonus

Front 5

The oldest and largest of all financial institutions are

Back 5

Commercial banks

Front 6

The primary business of savings and loan associations (S&L) is to

Back 6

Offer savings accounts

Front 7

The Federal Reserve Board was established by Congress in 1913 to

Back 7

Regulate the banking industry

Front 8

Finance companies

Back 8

Offer short-term loans

Front 9

(BLANK) refers to a firm's shared beliefs, traditions, philosophies, rules and role models for behavior.

Back 9

Organizational Culture

Front 10

A forensic accountant

Back 10

Analyzes financial documents in search of fraudulent entries or financial misconduct

Front 11

The two biggest stock markets in the United States are the

Back 11

New York Stock Exchange and the NASDAQ market

Front 12

What motivated employees to perform on the job is the focus of (BLANK), which is the study of the behavior of individuals and groups in organizational settings

Back 12

Human relations

Front 13

Apple Inc, a leading manufacturer of cell phones and tablets, hires Taiwan's Foxconn Technology Group, who's subsidiary assembles Apple devices in factories in China. What is the business arrangement?

Back 13

Contract Manufacturing

Front 14

(BLANK) are very short-term plans that specify what actions individuals, work groups or departments need to accomplish in order to achieve the tactical plan and ultimately the strategic plan.

Back 14

Operational plans

Front 15

Asset utilization ratios are used to measure

Back 15

How efficiently the firm uses its assets to generate $1 in sales

Front 16

Which of the following adds tasks to a job instead of treating each task as a separate job?

Back 16

Job enlargement

Front 17

An income statement shows

Back 17

Revenues, expenses and net income over a period of time

Front 18

Which of the following characteristics of money refers to the ability of a dollar bill to be handled hundreds of times without significant wear and tear?

Back 18

Durability

Front 19

Human resources departments strive to

Back 19

Minimize losses due to separations and transfers

Front 20

The first step in quality control for any organization is

Back 20

Establishing standards

Front 21

Which of the following is a current asset?

Back 21

Accounts receivable

Front 22

A firm's (BLANK) resources are also known as labor.

Back 22

Human

Front 23

Information found on the company's income statement and balance sheet is extracted from these documents and examined more closely through the use of

Back 23

Ratio analysis

Front 24

If a firm issues a poison pill when facing a hostile takeover attempt,

Back 24

It allows stockholders to buy shares of stock at prices lower than the market value

Front 25

The form of communication that attempts to facilitate a marketing exchange by influencing people, groups or organizations is known as

Back 25

Promotion

Front 26

A money marker account differs from an interest-bearing checking account in that the owners of a money market account

Back 26

Can write only a limited number of checks each month

Front 27

The main focus of the process of management is

Back 27

Coordinating resources to achieve objectives

Front 28

Which of the following accurately describes intrapreneurs?

Back 28

Individuals in large firms who take responsibility for the development of innovations within the organizations

Front 29

All activities involved in obtaining and managing raw materials and component parts, managing finished products, packaging them and getting them to customers are part of

Back 29

Supply chain management

Front 30

Which of the following statements is NOT true of the marketing concept philosophy?

Back 30

A business must first develop its product service or idea and then find out what consumers desire

Front 31

Production and operations managers are concerned with

Back 31

Transforming resources into goods and services

Front 32

When a retailer announces a discount sale on all its products,

Back 32

Consumers will demand more products

Front 33

A nonbanking financial institution that buys and sells stocks, bonds, and other securities for its customers is called a

Back 33

Brokerage firm

Front 34

(BLANK) is the single most important source of capital for most new companies

Back 34

Common stock

Front 35

A (BLANK) is a group of employees responsible for an entire work process or segment that delivers a product to an internal or external customer

Back 35

Self-directed work team

Front 36

Which of the following behavior is an example of ethical consideration within the purview business relationship?

Back 36

Keeping company secrets

Front 37

The financial document that has been likened to a snapshot of how the company's finances are doing at that moment is called a

Back 37

Balance sheet

Front 38

(BLANK) is the goal of the marketing concept

Back 38

Customer satisfaction

Front 39

The effective translation of product names can be crucial to the success in foreign markets because of

Back 39

Cultural barriers

Front 40

Accounting refers to a process of

Back 40

Recording, measuring and interpreting financial data

Front 41

(BLANK) is an account showing money owed to a company by its clients or customers

Back 41

Accounts receivable

Front 42

A check

Back 42

Can be rendered worthless in case of suspected forgery

Front 43

The (BLANK) is the interest rate commercial Bank lenders charge their best customers for short-term loans

Back 43

Prime rate

Front 44

(BLANK) is usually preferred when the decisions of a company are very risky and low-level managers lack decision-making skills

Back 44

Centralization

Front 45

(BLANK) are benefits and/or recognition that receive from someone else.

Back 45

Extrinsic rewards

Front 46

When a company wants to place a value on a physical asset for its balance sheet, it must

Back 46

Reduce the value by the amount the asset gas depreciated

Front 47

The (BLANK) Act criminalized securities fraud and toughened penalties for corporate fraud

Back 47

Sarbanes-Oxley

Front 48

A debit card

Back 48

Looks like a credit card but works like a check

Front 49

Suppose Coca-Cola allows a Mexican firm to use its name, formula, and brands in return for a royalty. This arrangement is

Back 49

Licensing

Front 50

Which of the following would help reduce the incidence of unethical behavior in an organization?

Back 50

Limiting opportunity for misconduct by providing punishments for violations of the rules

Front 51

An example of a product distributed from the producer to the consumers through the retailer is

Back 51

An automobile

Front 52

A license to sell another's products or to use another's name in business, or both, is called a

Back 52

Franchise

Front 53

Marketing activities best create value by

Back 53

Allowing individuals and organizations to obtain what they need and want

Front 54

(BLANK) is a partnership formed to create competitive advantage ana worldwide basis

Back 54

A strategic alliance

Front 55

which of the following is a reason why companies use a lockbox?

Back 55

To speed up cash collection from customers

Front 56

Credit cards

Back 56

Allow cardholders to pay for transactions at a later date

Front 57

A finance company that buys other companies' accounts receivable is known as a

Back 57

Factor

Front 58

Diet Coke is a

Back 58

Brand name

Front 59

To carry out its function of controlling the supply of money in the economy, the Federal Reserve Board

Back 59

Uses monetary policy

Front 60

One challenge that digital media has created for businesses is

Back 60

Employees wasting time surfing the internet

Front 61

The term social (BLANK) refers to a business's obligation to maximize its positive impact and minimize its negative impact on society

Back 61

Responsibility

Front 62

In the realm of business ethics, making claims about dietary supplements or the health benefits of certain unproven ingredients is an issue related to

Back 62

Communication

Front 63

Organizations such as NASA and the US Postal Service that are owned by the federal, state, or local governments are known as

Back 63

Quasi-public corporations

Front 64

(BLANK) is the primary goal of business

Back 64

Profit

Front 65

When a company invests a lot of money in a particular project, it is concerned about the amount of risk involved. In general, if the expected life of a project is longer, its potential risk is

Back 65

Greater

Front 66

A marketing manager is primarily responsible for

Back 66

Planning, pricing, and promoting products and overseeing their distribution

Front 67

(BLANK) allows financial institutions to reduce costs by facilitating "paperless" transactions

Back 67

Automated teller machine

Front 68

Which of the following organizational forms is the most expensive to set up?

Back 68

A corporation

Front 69

(BLANK) allows consumers to perform an ever-widening array of financial transactions from their personal or work computers

Back 69

Online banking services

Front 70

A company that has departments for marketing, finance, personnel, and production is organized by

Back 70

Function

Front 71

Job rotation attempts to reduce the boredom created by specialization of tasks by

Back 71

Giving workers a variety of tasks to do on a regular basis

Front 72

Cash, investments, accounts receivable, and inventory are

Back 72

Current assets

Front 73

Dan bought 3 new trucks with a loan obtained from the First National Bank. If he fails to repay the loan, the bank will repossess the trucks. The trucks typically represent

Back 73

Collateral

Front 74

What are the fundamentals of the accounting process?

Back 74

The accounting equation and the double-entry bookkeeping system

Front 75

Allowing some employees to work at home part-time is

Back 75

A flexible scheduling strategy

Front 76

When used to accumulate wealth, money functions as a

Back 76

Store of value

Front 77

Which of the following elements is the most flexible variable in the marketing mix?

Back 77

Price

Front 78

(BLANK) are websites where users can add to or edit the content of posted articles.

Back 78

Wikis

Front 79

The principles and standards that determine acceptable conduct in business organizations are referred to as

Back 79

Business ethics

Front 80

(BLANK) involved taking someone else's work and presenting it as your own.

Back 80

Plagiarism

Front 81

Which of the following types of bonds offer relatively high rates of interest because they have higher inherent risks?

Back 81

Junk bonds

Front 82

What is the last step that must be done before a firm's books can be closed for an accounting cycle?

Back 82

A CPA must attest that good principles were used in the preparation of the document

Front 83

Which of the following forms of business ownership is the easiest to establish?

Back 83

Sole proprietorship

Front 84

(BLANK) is the process of analyzing what fixed assets, projects, and investments will earn profits for a firm beyond costs necessary to fund them

Back 84

Capital budgeting

Front 85

What is meant by the term owners' equity?

Back 85

All the money that the firm has that does not need to be paid back

Front 86

(BLANK) is best described as the lack of funds to operate a business normally

Back 86

Undercapitalization

Front 87

Corporations usually employ (BLANK) to help sell their securities in the primary market.

Back 87

Investment banking firms

Front 88

All of the following are major management functions EXCEPT

Back 88

Advertising

Front 89

A (BLANK) is a web-based meeting place for friends, family, coworkers, and peers that lets users create a profile and connect with other users for a wide range of purposes

Back 89

Social network

Front 90

The (BLANK) is a federal agency established by the Civil Rights Act of 1964 and dedicated to increasing job opportunities for women and minorities in eliminating job discrimination based on race, religion, color, sex, national origin or handicap

Back 90

Equal Employment Opportunity Commission

Front 91

Which of the following products is most suitable for selling through a total-market approach?

Back 91

Salt and sugar

Front 92

The functions of organizing, staffing, cleaning, and controlling are most closely associated with

Back 92

Managers

Front 93

(BLANK) is the most flexible elements of the marketing mix.

Back 93

Price

Front 94

The Federal Reserve Board is primarily responsible for

Back 94

Creating a stable environment for economic growth

Front 95

Long-term liabilities are

Back 95

Debts that will be repaid over a number of years

Front 96

A primary reason for using standardization is to

Back 96

Reduce production costs

Front 97

Which of the following needs is at the top of Maslow's hierarchy of needs?

Back 97

Self-actualization

Front 98

The owners' contributions to a company and learnings retained to finance continued growth and product development are

Back 98

Owners' equity