Business Management exam
questions and answers graded A+
A company that is producing goods domestically and sells them outside of the country is involved in
A. countertrading
B. franchising
C. exporting
D. importing
E. outsourcing - ANS✅✅C
Jill, a native of New Orleans, was living in Berlin and working for a US news magazine. Jull would best
be termed as
A. franchisor
B. refugee
C. expatriate
D. outsourcer
E. countertrader - ANS✅✅C
___ forces are influences and trends originating in human relationships and values that may affect an
organization.
A. Media
B. demographic
C. political-legal
D. sociocultural
E. special-interest - ANS✅✅D
When a company uses a supplier outside itself to provide goods and services, it is
A. licensing
,B. countertrading
C. privatizing
D. outsourcing
E. franchising - ANS✅✅D
When a company allows a foreign firm to pay it a fee to make or distribute the first company's
product or service, it is called?
A. licensing
B. outsourcing
C. countertrading
D. franchising
E a joint venture - ANS✅✅A
a ___ manager is responsible for just one organizational activity
A. specialist
B. top-level
C. first-line
D. functional
E. singular - ANS✅✅D
which of the following is an example of an external stakeholder for the department store chain
Macy's?
A. a sales associate at Macy's
B. a customer who purchases a mattress at Macy's
C. the CEO of Macy's
D. Owners of Macy's stock
E. a member of the Macy's board of directors - ANS✅✅B
which of the following is a cultural dimension measured in the GLOBE project ?
, A. Ethical orientation
B. ethic egalitarianism
C. profit seeking
D. uncertainty avoidance
E. hierarchical structure - ANS✅✅D
managers who are future oriented, dealing with uncertain, highly competitive conditions, and who
stay alert to long-run opportunities and problems are most likely to be
A. first-line managers
B. general managers
C. top managers
D. middle managers
E functional managers - ANS✅✅C
the group important in setting the organization's overall strategic goals and approving major
decisions and salaries of top management is known as
A. stockholders
B. intrapreneurs
C. the board of directors
D. employees
E investors - ANS✅✅C
the common grand strategies are
A. strengths, weaknesses, opportunities and threats
B. star, question mark, cash cow, and dog
C. defender, prospector, analyzer and reactor
D. growth, stability, and defensive,
E. cost-leadership, differentiation, cost focus, and focused differentiation - ANS✅✅D
questions and answers graded A+
A company that is producing goods domestically and sells them outside of the country is involved in
A. countertrading
B. franchising
C. exporting
D. importing
E. outsourcing - ANS✅✅C
Jill, a native of New Orleans, was living in Berlin and working for a US news magazine. Jull would best
be termed as
A. franchisor
B. refugee
C. expatriate
D. outsourcer
E. countertrader - ANS✅✅C
___ forces are influences and trends originating in human relationships and values that may affect an
organization.
A. Media
B. demographic
C. political-legal
D. sociocultural
E. special-interest - ANS✅✅D
When a company uses a supplier outside itself to provide goods and services, it is
A. licensing
,B. countertrading
C. privatizing
D. outsourcing
E. franchising - ANS✅✅D
When a company allows a foreign firm to pay it a fee to make or distribute the first company's
product or service, it is called?
A. licensing
B. outsourcing
C. countertrading
D. franchising
E a joint venture - ANS✅✅A
a ___ manager is responsible for just one organizational activity
A. specialist
B. top-level
C. first-line
D. functional
E. singular - ANS✅✅D
which of the following is an example of an external stakeholder for the department store chain
Macy's?
A. a sales associate at Macy's
B. a customer who purchases a mattress at Macy's
C. the CEO of Macy's
D. Owners of Macy's stock
E. a member of the Macy's board of directors - ANS✅✅B
which of the following is a cultural dimension measured in the GLOBE project ?
, A. Ethical orientation
B. ethic egalitarianism
C. profit seeking
D. uncertainty avoidance
E. hierarchical structure - ANS✅✅D
managers who are future oriented, dealing with uncertain, highly competitive conditions, and who
stay alert to long-run opportunities and problems are most likely to be
A. first-line managers
B. general managers
C. top managers
D. middle managers
E functional managers - ANS✅✅C
the group important in setting the organization's overall strategic goals and approving major
decisions and salaries of top management is known as
A. stockholders
B. intrapreneurs
C. the board of directors
D. employees
E investors - ANS✅✅C
the common grand strategies are
A. strengths, weaknesses, opportunities and threats
B. star, question mark, cash cow, and dog
C. defender, prospector, analyzer and reactor
D. growth, stability, and defensive,
E. cost-leadership, differentiation, cost focus, and focused differentiation - ANS✅✅D
