MGT101 FINAL EXAM WITH
ACCURATE SOLUTIONS
___ is the primary goal of a business? - ANSWER-Profit
All the groups that have interest in an organization's success and outcomes are known
as the organizations ___? - ANSWER-Stakeholders
Advertising, personal selling, coupons, and sweepstakes are forms of the ____ aspect
of marketing activites. - ANSWER-promotion
____ refers to all activities concerned with obtaining and managing money and using it
effectively. - ANSWER-Finance
___ relates to the number of goods and services that consumers are willing to buy at
different prices at a specific time. - ANSWER-Demand
Economic expansion occurs when: - ANSWER-An economy is growing and people are
spending more money.
___ is the study of how resources are distributed for the production of goods and
services within a social system. - ANSWER-Economics
A firms ____ resources are also known as labor. - ANSWER-Human
Financial resources are also known as___? - ANSWER-Capital
The principles and standards that determine acceptable conduct in business
organization are referred as: - ANSWER-Business ethics
the term social___ refers to a business obligation to maximize it positive impact and
minimize its negative impact on society. - ANSWER-Responsibility
A large number of ___ cases result in retaliation against the employee, even though the
government has tried to take steps to protect workers to encourage reporting of
misconduct. - ANSWER-Whistleblowing
____ is the act of an employee exposing employers wrongdoing to outsiders -
ANSWER-Whistleblowing
Obeying the law is a businesses ____ - ANSWER-Legal responsibility
, ___ is the extent to which business meet the legal, ethical, economic and voluntary
responsiablities placed on them by their stakeholders - ANSWER-Corporate citizenship
Lever brothers changed the formula of its bar soap to match different countries water
conditions and washing habits. This is an example of: - ANSWER-Multinational Strategy
Which of the following adds tasks to a job instead of treating each task as a seperate
job? - ANSWER-Job enlargement
____ refers to forming a pool of qualified applicants from which management can select
new employees. - ANSWER-Recruiting
Financial compensation falls into two general categories: - ANSWER-wages and
salaries
Which of the following forms of compensation includes an employee stock ownership
plan? - ANSWER-Profit sharing
Employee organizations formed to deal with employers for achieving better pay, hours,
and working conditions are known as: - ANSWER-labor unions
All of the following are activities performed by human resources managers EXCEPT: -
ANSWER-selling
If a company pays its workers additional conpensation at the end of the year as a "thank
you" for good work, this mometary reward would most likely be categorized as: -
ANSWER-A bonus
If a union strike partly shuts down a company operations and the management closes
down the rest of the plant so that none of its employess can go to work, its represents
as: - ANSWER-Lockout
____ is best describe as a group of activities designed to expedite transactions by
creating, distributing, pricing, and promoting goods, services and ideas. - ANSWER-
Marketing
in ____ marketing, all marketing efforts are on one small, narrow, well defined market
segment that has a unique, specific set of needs - ANSWER-Niche
NOT one of the four marketing activities of the marketing mix? - ANSWER-Profit
______ refers to the decisions processes and actions of people who purchase and use
products - ANSWER-Buying behavior
ACCURATE SOLUTIONS
___ is the primary goal of a business? - ANSWER-Profit
All the groups that have interest in an organization's success and outcomes are known
as the organizations ___? - ANSWER-Stakeholders
Advertising, personal selling, coupons, and sweepstakes are forms of the ____ aspect
of marketing activites. - ANSWER-promotion
____ refers to all activities concerned with obtaining and managing money and using it
effectively. - ANSWER-Finance
___ relates to the number of goods and services that consumers are willing to buy at
different prices at a specific time. - ANSWER-Demand
Economic expansion occurs when: - ANSWER-An economy is growing and people are
spending more money.
___ is the study of how resources are distributed for the production of goods and
services within a social system. - ANSWER-Economics
A firms ____ resources are also known as labor. - ANSWER-Human
Financial resources are also known as___? - ANSWER-Capital
The principles and standards that determine acceptable conduct in business
organization are referred as: - ANSWER-Business ethics
the term social___ refers to a business obligation to maximize it positive impact and
minimize its negative impact on society. - ANSWER-Responsibility
A large number of ___ cases result in retaliation against the employee, even though the
government has tried to take steps to protect workers to encourage reporting of
misconduct. - ANSWER-Whistleblowing
____ is the act of an employee exposing employers wrongdoing to outsiders -
ANSWER-Whistleblowing
Obeying the law is a businesses ____ - ANSWER-Legal responsibility
, ___ is the extent to which business meet the legal, ethical, economic and voluntary
responsiablities placed on them by their stakeholders - ANSWER-Corporate citizenship
Lever brothers changed the formula of its bar soap to match different countries water
conditions and washing habits. This is an example of: - ANSWER-Multinational Strategy
Which of the following adds tasks to a job instead of treating each task as a seperate
job? - ANSWER-Job enlargement
____ refers to forming a pool of qualified applicants from which management can select
new employees. - ANSWER-Recruiting
Financial compensation falls into two general categories: - ANSWER-wages and
salaries
Which of the following forms of compensation includes an employee stock ownership
plan? - ANSWER-Profit sharing
Employee organizations formed to deal with employers for achieving better pay, hours,
and working conditions are known as: - ANSWER-labor unions
All of the following are activities performed by human resources managers EXCEPT: -
ANSWER-selling
If a company pays its workers additional conpensation at the end of the year as a "thank
you" for good work, this mometary reward would most likely be categorized as: -
ANSWER-A bonus
If a union strike partly shuts down a company operations and the management closes
down the rest of the plant so that none of its employess can go to work, its represents
as: - ANSWER-Lockout
____ is best describe as a group of activities designed to expedite transactions by
creating, distributing, pricing, and promoting goods, services and ideas. - ANSWER-
Marketing
in ____ marketing, all marketing efforts are on one small, narrow, well defined market
segment that has a unique, specific set of needs - ANSWER-Niche
NOT one of the four marketing activities of the marketing mix? - ANSWER-Profit
______ refers to the decisions processes and actions of people who purchase and use
products - ANSWER-Buying behavior
