1. During a recession, unemployment ________ while inflation
2. Student A says that customer satisfaction is a mark of aworld-class business. Student B says that proactive ethics is amark of a world-class business. Which student is correct?
3. Which of the following represents the basic accountingequation?
4. Nearly a week before Hurricane Katrina reachedNew Orleans,Wal-Mart began moving trucks and supplies into position, asspecified in the company’s ________ plan.
5. Sole proprietorships have all of the following advantagesexcept
6. Team diversity is often established in a ________ team, bybringing together the expertise of members from various functionsin the organization.
7. All of the following are assets except
8. If you’re developing a human resource inventory, you shouldexclude which of the following?
9. The rate the Fed charges member banks for short-term loans iscalled the
10. _______ planning involves choosing specific work targets andassigning employees and teams to carry out plans.
11. The Social Club is conducting a breakeven analysis to determinehow many tickets it must sell at $15 each to break even on theHoliday Dance. Fixed costs are $2,000, and the variable cost perperson is $10. To break even, the Social Club must sell ________tickets. A. 500 B. 400 C. 800 D. 80
12. The country Artesia exported products totaling $86 billion lastyear. During the year, Artesia imported products valued at $43billion. Artesia has a/an A. trade deficit of $43 billion. B.unfavorable balance of payments. C. trade surplus of $43 billion.D. exchange rate of 2 to 1.
13. Which of the following is not a method of retail competition?A. Price B. Location C. Service D. Travel
14. Pham is employed as a human resource manager. Hisresponsibilities might include all of the following activitiesexcept
15. Camden Products buys a $500,000 machine by taking out a bankloan. The company’s assets will ________ by $500,000 while itsliabilities will ________ by $500,000.
16. If a firm has a current ratio of 2.00, it means that for every$2 in ________ it has $1 in
17. What prompted Congress to enact the Sarbanes-Oxley Act in 2002?.
18. Mario is part of a strategic planning team. He has identifiedthat his company is the low-cost producer in its industry. Thisshould be listed on a SWOT analysis as a/an
19. Omar, an electrician for Quality Builders, is paid $35 for eachhour he works during the day. After 5 p.m. and on weekends, he ispaid the overtime rate of one and one-half times the regular hourlyrate. Omar is paid a .
20. Efficiency means producing _______ using the least amountof
21. The curve that shows the relationship between different pricesand the quantity requested at each price is the ________curve.
22. The method of determining the minimum sales volume needed at acertain price level to cover all costs is
23. Student A says that if you’re going to prepare alternativecourse of action, you need to do strategic planning. Student B saysthat if you’re going to prepare alternative courses of action, youneed to do contingency planning. Which student is correct?
24. Price auctions on eBay are an example of
25. The salesperson’s task of identifying potential customers isknown as
26. Ida works on creating ways to ensure that customers receivegoods at the right time and correct location. Ida is involved inher firm’s ________ strategy.
27. If you want to turn self-directed gain into social and economicbenefits for all, you should use a/an _______ strategy.
28. Television is an attractive advertising medium becauseit
29. One way for a country to obtain an absolute advantage inmarketing a product outside its borders is to .
30. In which stage of the product life cycle are profits at theirhighest?
31. Joe is developing the marketing mix for his company’s new lineof power tools. A brand name, price, and distribution system havebeen decided. Now Joe is concentrating his efforts on developingthe best advertising plan for the product line. The advertisingplan is part of Joe’s ________ strategy.
32. The Fair Labor Standards Act 33. If you seek to determine thevalue of one nation’s currency relative to the currencies of othercountries, you should isolate the nation’s
ScholarMatic: Explanation & Answer
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