OBJECTIVE ASSESSMENT EXAM NEWEST
ACTUAL EXAM WITH ACCURATE
COMPLETE QUESTIONS AND DETAILED
ANSWERS GRADED A | BRAND NEW!!!
Define the Mission
The first step in the strategic planning process, (____), includes
descriptions of the purpose, scope, market and culture of an
organization. The mission statement is a written explanation of
an organization's business intentions and aims. The mission
statement is a written explanation of an organization's business
intentions and aims. There are four basic structural forms: line,
line-and-staff, committee, and matrix. The oldest and simplest
is the line organization. In the line-and-staff organization, staff
departments are developed to support and advise the line.
Committee organizations put authority and responsibility in the
hands of a group of individuals. The matrix structure links
employees from different parts of the organization to work
together on specific projects.
,Direct Distribution
The shortest and simplest means of connecting producers and
customers. Goods are moved directly from producer to
consumer. This is common in the business-to-business (B2B)
markets or with complex or expensive products.
Direct Distribution Channel
Lee purchased a new PC from Dell Computer's Web site. He
purchased his product via a(n) (____).
Mission Statement
A written explanation of an organization's business intentions
and aims is called a(n) (____). The written statement of an
organization's overall intentions and aims is called a (____).
Missionary Selling
,When salespersons market the goodwill of a company and/or
provide technical or operational assistance, they are engaged in
(____)
Mixed Market Economy
Nearly all of the world's economies today blend private and
public ownership into what is known as a (____).
Mixing Short Term and Long Term Funds
Short-term funds consist of current liabilities, and long-term
funds consist of long-term debt and equity. Short-term funds
are generally less expensive than long-term funds, but they also
expose the firm to more risk.
Monetary Policy
(____) refers to governmental measures designed to affect the
level of economic activity through changes in the money
supply. The Fed's most important function is controlling the
money supply and credit. Using tools such as reserve
requirements, the discount rate, federal funds rate targets, and
, open market operations, the Fed promotes economic growth
and a stable dollar through monetary policy.
Direct Response Retailing
Reaches customers through catalogs, telemarketing, and
television ads.
Direct Selling
When a manufacturer doesn't use middlemen to sell products
(often very expensive, highly specialized or highly technical) it
employs this type of retailing.
Directing
(____) is the management function of guiding and motivating
employees to accomplish the organization's objectives.
Dispatching