Business Management

1) A business should be managed ethically to do the right thing for all stakeholders.

A. True

Don't use plagiarized sources. Get Your Custom Essay on
Business Management
From $10/Page
Order Essay

B. False

2) A business should be managed ethically to reduce employee turnover.

A. True

B. False

3) “Do what I say, not what I do” can be an effective code of conduct to instill corporate values.

A. True

B. False

4) Corporate management decisions are influenced by the desire to keep stockholders happy.

A. True

B. False

5) Accountants do most of the work involved in recording financial events and transactions, but the actual classifying and interpreting of this data is left to financial managers.

A. True

B. False

6) The sole purpose of accounting is to help managers evaluate the financial condition of the firm so that they may make better decisions.

A. True

B. False

7) Integrated marketing communication combines all the promotional tools into one comprehensive, unified promotional strategy.

A. True

B. False

8) The purpose of the SEC’s circuit breakers rule is to:

A. D) prevent individuals from profiting from information not available to the general public.

B. A) prevent market disruption caused by a communication malfunction.

C. C) allow floor traders to specialize in trading the securities of specific industries.

D. B) halt trading for a short time following a dramatic drop in stock prices.

9) An effective channel of distribution does more than simply ensure that goods are transported efficiently from producer to buyer.

A. True

B. False

10) As a salesperson in the B2B market, Patty regularly calls on clients to stay informed of their needs or problems. Her objective is to develop solutions to meet their needs and resolve their problems. The Internet allows Patty to track products in the supply chain and to learn about pricing and promotions that would be of interest to her clients. When Patty works with her existing clients there is no need for the __________ step of the B2B selling process.

A. close sale

B. prospect and qualify

C. answer objections

D. approach

11) A small business management course at a community college may offer entrepreneurs an opportunity to:

A. listen to a qualified instructor solve all of the problems of small business owners.

B. meet with experienced entrepreneurs and learn from their advice.

C. try out ideas on a computer simulation before risking real time and money.

12) A group of experienced people from different areas of a business joined together to develop, produce, and market a new product is known as a(n):

A. managerial task force.

B. entrepreneurial team.

C. self-directed functional team.

D. joint venture.

13) __________ is a problem solving technique that attempts to come up with as many solutions as possible in a short time without censoring the ideas.

A. PMI

B. Brainstorming

C. CAD/CAM

D. Game theory

14) The first step in the rational decision-making model is to:

A. define the situation.

B. recruit team members to work on the problem.

C. develop alternative responses.

D. gather data.

15) Amanda, a regional manager for Flairol Cosmetics, has just seen a report showing that sales in her region are lower than anticipated so far this quarter. Her next task is to determine the reason for the disappointing results and find a way to get sales up to their desired level. Amanda’s efforts are part of the ____________ function of management.

A. planning

B. controlling

C. organizing

D. directing

16) ______________ was the dominant strategy for improving worker productivity during the early 1900s.

A. Job enrichment

B. Management by objective

C. Social Darwinism

D. Scientific management

17) Rewards that come from someone else in recognition of good work are _________ rewards.

A. secondary

B. conditional

C. extrinsic

D. self-actualized

18) So far, among all minority groups, only Asian-Americans have realized the need for networking.

A. True

B. False

19) Today’s progressive managers:

A. can rely on a much higher level of worker loyalty to the organization than in the past.

B. tend to emphasize teamwork and cooperation rather than discipline and order-giving.

C. face fewer challenges and problems than managers in the past.

D. usually prefer to use the autocratic style of leadership.

20) Management is more progressive today. There is more emphasis on:

A. placing greater reliance on the government for financing.

B. working in teams.

C. striving to eliminate the control function of management.

D. individual work that can be successfully measured.

21) Which of the following statements comparing today’s workers with those from earlier eras is most accurate? Compared to earlier workers, today’s employees are:

A. more likely to need direct guidance and direction from their managers.

B. less educated and less self-directed.

C. more willing to leave the firm to seek better opportunities.

D. more loyal to the firm.

22) As a management consultant, Lamont knows that regardless of how good a firm’s product might be, the firm has little chance of success without a(n):

A. warranty.

B. outside consultant.

C. auditor.

D. financial plan.

23) As a finance manager at AllSports Communication, Charlie worries about the firm’s borrowing and debt repayment requirements for the next year. He knows the benefit of estimating AllSports’ cash disbursements and short-term investment expectations. Facing these concerns, a(n) ________ would provide Charlie with valuable information.

A. line item budget

B. cash budget

C. capital budget

D. operating budget

24) To effectively run a business, it is necessary to:

A. know the differences between accounting and bookkeeping.

B. use a public accounting firm.

C. understand and use accounting information.

D. hire a full-time accountant.

25) You would be most likely to ask for the help of a forensic accountant if you:

A. wanted to determine the best depreciation and inventory valuation methods to use to minimize the income taxes paid by your organization.
B. believed that someone in your organization was employing unethical or illegal accounting methods.
C. faced severe financial hardship and needed to find the most effective way to cut costs quickly.
D. wanted to decide which accounting system to adopt for a new business.

26) Using information not available to the public to unfairly benefit in the stock market represents:

A. insider trading.

B. an unethical, but a legal activity.

C. blue-sky violations.

D. security fraud.

27) Adam Smith would suggest that the reason that businesses like Wal-Mart helped the disaster victims of Hurricane Katrina was:

A. it was a way to decrease Wal-Mart’s productivity.

B. it was in Wal-Mart’s best interest to help the victims.

C. the U.S. government paid Wal-Mart to help the victims.

D. it was the ethical thing to do.

28) Which of the following terms describes the set of values, beliefs, rules, language, and institutions held by a specific group of people?

A. culture

B. Social myopia

C. ethnocentricity.

D. institutional society.

29) Which of the following statements best describes McDonald’s current involvement in global markets?

A. McDonald’s focus is on the U.S. market, and it currently has no plans to participate in global markets.
B. McDonald’s has been successful in Europe, but has failed to achieve consumer acceptance in other regions of the world.
C. McDonald’s success in the global market has been achieved by offering the U.S. menu worldwide.
D. McDonald’s global market success reflects their willingness to adapt their menu to local tastes and culture.

30) Behavior that is in conflict with your values and sense of right and wrong can damage your self esteem.

A. True

B. False

Solution Preview
1) A business should be managed ethically to do the right thing for all stakeholders.

A. True
( It should satisfy the interests of stakeholder)

2) A business should be managed ethically to reduce employee turnover.

A. True
(this will help in improving employee morale and will lead to reduction in emoloyee turnover)

3) “Do what I say, not what I do” can be an effective code of conduct to instill corporate values.

B. False

4) Corporate management decisions are influenced by the desire to keep stockholders happy.

A. True

5) Accountants do most of the work involved in recording financial events and transactions, but the actual classifying and interpreting of this data is left to financial managers.

A. True

6) The sole purpose of accounting is to help managers evaluate the financial condition of the firm so that they may make better decisions.

B. False
( It also helps the other stakeholders by providing information)

7) Integrated marketing communication combines all the promotional tools into one comprehensive, unified promotional strategy.

A. True

8) The purpose of the SEC’s circuit breakers rule is to:

D. B) halt trading for a short time following a dramatic drop in stock prices.

9) An effective channel of distribution does more than simply ensure that goods are transported efficiently from producer to buyer.

A. True
( It provides convenience …

Solution Summary
Solution discusses issues relating to Business Management,To continue with the answer check on mycoursewriter.com/

MyCourseWriter
Order NOW For A 35% Discount!
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Homework Writing

Do you need to ace your test? We have qualified writers to assist you in writing 100% quality homework writing. Mycoursewriter offers students unique and personalized custom papers that help them in getting good grades. Our academic experts will assist you with your dissertation papers, thesis writing, research papers, term papers, and case study homework help. Our writers are experienced and have perfected the art of crafting the best essay writing papers regardless of your academic level. Order now and get our superb homework writing services.

Expert Academic Writers

A student needs professional assistance outside class time. Before hiring our writers, they undergo thorough tests and strict educational backgrounds. After passing a test, our writers undergo training to ensure they deliver expert professional papers to our customers. We ensure they meet the timely delivery of papers and follow our customers' provided instructions. Every writer is an ENL writer and is from the USA, Canada, UK, or Australia. Our experts approach papers effectively depending on their area of specialization.

Affordable Price Guarantees

Is the deal too good to be true? Mycoursewriter is the most affordable assignment help website on the market. We consider students' daily needs for academic help. Our paper costs are reasonably priced to approximately 90% of students around the globe. Our main aim is to ensure students achieve academic excellence, and we believe inconsiderable prices should not hinder students from getting quality homework writing help. In case of any dissatisfaction, we offer unlimited revisions and rewrites without extra charges.

Timely delivery of papers

Tight deadline? Is your paper due in the next few hours? Worry no more. Our writers are here for your rescue. Many college students find it hard to balance their social and academic life and get caught up with academic deadlines. Drafting your paper at the last minute does not allow you to conduct extensive research and craft the correct answers. We have expert writers ready to work on your assignment writing. Urgent writing services are the ultimate solutions you need. We guarantee you timely delivery of papers at your convenience and specified time delivery of the customer.

100% Original Tasks

The ultimate deal-breaker in achieving good grades is submitting imitative papers. Plagiarism is a breach of examination standards and has serious consequences. Students need to deliver papers written in their understanding by paraphrasing their research findings and relevant citations. Our expert's primary consideration is providing free plagiarized papers that meet the lecturers' requirements. Our editors will proofread your paper before delivery ad ensure your papers will not be substandard. We guarantee extreme originality, and in case of any customer concerns, we offer a plagiarism report.

All Round the clock Customer Support

Our website is user-friendly and super useful! Mycoursewriter is the most trusted online writing website always available to provide you with assignment writing services that you need. Our primary concern is meeting customer need specifications by our friendly customer support team that Is available all the time. Our website usability is self-learnable but in case of any problem, feel free to contact us directly through our website email: support@mycourserwiter.com. We have diligently satisfied thousands of students, and you can witness this on our sites' review page.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Advantages of Using Our Assignment writing Services

Mycoursewriter welcomes you for superb essay writing services. We are a legit site offering help with your most challenging homework writing assignments at affordable prices. Your essay paper will be assigned to a professional writer who will craft the paper from scratch according to your provided instructions.

Essays

Essay Writing and Proofreading Services

Essay writing is a common assignment writing for most college students. It takes a lot of time to craft a complete perfect essay. Mycourserwiter offers the best essay writing and proofreading services for most college students. Your paper is assigned to an expert writer who does thorough research on fresh ideas and personalizes your essay paper according to your assignment writing guidelines. Our essays are entirely exceptional and undergo a strict procedure that includes papers free from plagiarism and thorough proofreading.

Admissions

Admission and Business Papers

Writing an admission paper is not every student's desire, and this should not hinder any student from earning an admission. Writing a perfect personal statement to earn a position in a dream school or job can be stressful. Personal statements should display a high level of confidence and uniqueness. Admission essays require you to have a vast knowledge of the current happenings in the world and knowhow of the business world. We have qualified writers with skills who will write your admission paper through comprehensive research. All you have to do is provide us with little details about yourself, instructions and our writers will craft a perfect paper for you.

Editing

Editing and Proofreading

Mycoursewriter offers you assignment writing services free from grammatical and formatting mistakes. An error-free paper is significant in scoring the desired maximum grades. We have a team of editors who will go through your paper after our expert writers have delivered their fully crafted papers. Our writers will cover all the aspects of your paper instructions, such as fonts, spacing, and educational formats. Our team of editors will check through your paper to make sure it meets the formatting style provided in the paper instructions. Under no circumstances will a poorly formatted paper will be forwarded to you as our team of editors will ensure careful proofreading.

Coursework

Technical Papers

Assignment writing is part of a learning process, and one may not have the knowledge to answer all questions correctly. This should not be a stress to you as we have qualified essay writing experts to help you. Our qualified writers are holders of PhDs, Degrees, and Masters in different areas of study and can handle any papers regardless of the complexity. Multiple assignments may be challenging to finish on time. Our skilled professional writers are here to assist you in crafting all the correct answers for your assignment. Stop stressing about your homework writing and place an order with us, and our expert writers will provide you with the best assignment help.