BUS
508 Final Exam 100% Corrects Answers
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BUS 508 Final Exam 100% Corrects
Answers
Question 1
Tactical planning is primarily the
responsibility of ________.
Question 2
Management is the process of
achieving ________ through people and other resources.
Question 3
A written explanation of an
organization’s business intentions and aims is called a(n) ________.
Question 4
The set of relationships that
indicates who gives directions to whom and who reports to whom is known as the
________.
Question 5
According to Maslow, an individual’s
first priority is given to which level of need?
Question 6
The Americans with Disabilities Act
makes it illegal for a company to ask about a job applicant’s health when that
applicant is applying for a position, unless ________.
Question 7
The purpose of the EEOC is to
________.
Question 8
According to Maslow, the desire to
be valued and recognized by others is a(n) ________ need.
Question 9
Under __________, employees receive
stock shares or the value of the stock upon retiring or leaving the company.
Question 10
Which of the following is considered
an upward communication channel?
Question 11
What is considered to be the biggest
problem with email as a form of business communication?
Question 12
During the performing stage, team
members ________.
Question 13
Which production process describes a
manufacturing operation in which long production runs generate finished
products over a period of time?
Question 14
Which of the following are combined
to result in mass production?
Question 15
The want-satisfying power of a good
or service is called ________.
Question 16
A(n) ________can repeat the same
tasks numerous times without varying its movement.
Question 17
The marketing strategy that focuses
on the precise way a B2B purchaser will use a product is known as
_______________.
Question 18
Standardization would be most
appropriate for all of the following products except ______.
Question 19
Developing and maintaining
long-term, cost-effective exchange relationships with individual customers,
suppliers, employees, and other partners for mutual benefit characterizes
________.
Question 20
________ utility is created when the
business firm converts raw materials into finished goods and services.
Question 21
American Express is an effective
brand name because it ________.
Question 22
Jan takes her car to Oil Express for
an oil change. This is an example of a(n) ________.
Question 23
In which stage of the product life
cycle do competitors enter the field with similar offerings?
Question 24
In a process called ________,
products pass through a series of stages from their initial appearance to their
decline.
Question 25
A combination of product lines
represents a company’s ________.
Question 1
Mailing out samples is particularly
useful in promoting ________.
Question 2
Business costs that remain change
with the level of production are called ________ costs.
Question 3
The process of finalizing a sale is
the ________.
Question 4
In breakeven analysis, the costs
that change with the level of production are considered ________ costs.
Question 5
A leading manufacturer of exercise
bicycles ran a full-page advertisement in a health magazine comparing the price
of its bicycle with that of a leading competitor. The manufacturer is using ________.
Question 6
Courtney’s office in south Florida
was destroyed by a hurricane last year, and she lost numerous company
documents. After relocating, Courtney took no chances and implemented ________,
in which she backed up her data in a secure online storage service.
Question 7
Which of the following reasons is a
reason for the increasing popularity of notebook computers?
Question 8
Which of the following is considered
information rather than data?
Question 9
Which of the following is an
application program?
Question 10
An information system that provides
relevant data to help businesspeople choose the appropriate course of action is
called a(n) ________.
Question 11
All of the following are
profitability ratios EXCEPT ________.
Question 12
Who is recognized worldwide as the
body with sole responsibility and authority to issue pronouncements on
international accounting standards?
Question 13
________ ratios are designed to
indicate how successful a firm is in terms of its earnings as compared with its
assets or owners’ equity.
Question 14
Who appoints the members of the
Public Company Accounting Oversight Board?
Question 15
________ activities provide the
necessary funds to start a business and to expand it after it begins
operations.
Question 16
What provision allows the issuer to
redeem the bond before its maturity at a specified price?
Question 17
The U.S. Department of Treasury
sells what type of bonds?
Question 18
In the U.S. financial system, which
of the following is a net saver?
Question 19
Bonds with ratings of BBB and above
are classified as ____.
Question 20
The rate the Fed charges member
banks for short-term loans is called the ________.
Question 21
________ would be the LEAST likely
to obtain a private placement.
Question 22
A company’s financial plan should
answer all of the following questions EXCEPT ________.
Question 23
Which of the following individuals
has the direct responsibility for shareholder relations?
Question 24
Borrowing money ________.
Question 25
Two types of divestitures are _____.