Management 101 Exam 1-4 Questions
and Answers
_______ is the primary goal of business - ANSWER-- profit
All the groups that have an interest in an organizations success and outcomes are
known as the organizations - ANSWER-- stakeholders
Advertising, personal selling, coupons and sweepstakes are forms of the
_____________ aspect of marketing activities - ANSWER-- promotion
_____________ refers to all of the 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
which of the following is an intangible product - ANSWER-- a music concert
_______________ 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 known as ___________ - ANSWER-- capital
the principles and standards that determine acceptable conduct in business
organization are referred to as - ANSWER-- business ethics
the terms social _________ refers to a business obligation to maximize its positive
impact and minimize its negative impact on society - ANSWER-- responsibility
which of the following statements are false about ethics - ANSWER-- ethical issues are
limited to for profit organizations
______ involves taking someone elses work and presenting it as your onwn -
ANSWER-- plagiarism
, if an employee learned a significant cost saving idea from a coworker and then informed
management the idea without revealing its true resource, then the employee would be
involved in - ANSWER-- plagiarism
a set of formalized rules and standards that describes what a company expects of its
employees is called an - ANSWER-- code of ethics
a large number of _______ cases result in retaliation against the employee, even
though the gov has tried to take steps to protect workers and encourage reporting
misconduct - ANSWER-- whistleblowing??
______ is the act of an employee exposing and employers wrongdoing to outsiders -
ANSWER-- whistleblowing
obeying the law is the businesses - ANSWER-- legal responsibility
_________ is the extent to which a business meet the legal, ethical, economic and
voluntary responsibilities placed on them by their stakeholders - ANSWER-- corporate
citizenship
which of the following is an advantage of using an export agent? - ANSWER-- the firm
does not have to deal with
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 is likely to cause a trade deficit - ANSWER--
which of the following is a measure that does not yield revenue for the government of
the US but can effectively limit the quantity of a particular good being imported from
japan - ANSWER-- quota
a group of nations or companies that agrees to act together as a monopoly and not
compete with each other in order to generate a competitive advantage in the world
markets is called an - ANSWER-- cartel
exporting may occur through _______, which involve bartering products for other
products rather than currency - ANSWER-- countertrade agreements
when an org has a structure in which decision making authority is delegated as far down
the chain of command as possible it is said to be exercising - ANSWER--
decentralization
an org form that is abse don direct lines of authority from top executive to the lowest
level of employee is called - ANSWER-- line structure
and Answers
_______ is the primary goal of business - ANSWER-- profit
All the groups that have an interest in an organizations success and outcomes are
known as the organizations - ANSWER-- stakeholders
Advertising, personal selling, coupons and sweepstakes are forms of the
_____________ aspect of marketing activities - ANSWER-- promotion
_____________ refers to all of the 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
which of the following is an intangible product - ANSWER-- a music concert
_______________ 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 known as ___________ - ANSWER-- capital
the principles and standards that determine acceptable conduct in business
organization are referred to as - ANSWER-- business ethics
the terms social _________ refers to a business obligation to maximize its positive
impact and minimize its negative impact on society - ANSWER-- responsibility
which of the following statements are false about ethics - ANSWER-- ethical issues are
limited to for profit organizations
______ involves taking someone elses work and presenting it as your onwn -
ANSWER-- plagiarism
, if an employee learned a significant cost saving idea from a coworker and then informed
management the idea without revealing its true resource, then the employee would be
involved in - ANSWER-- plagiarism
a set of formalized rules and standards that describes what a company expects of its
employees is called an - ANSWER-- code of ethics
a large number of _______ cases result in retaliation against the employee, even
though the gov has tried to take steps to protect workers and encourage reporting
misconduct - ANSWER-- whistleblowing??
______ is the act of an employee exposing and employers wrongdoing to outsiders -
ANSWER-- whistleblowing
obeying the law is the businesses - ANSWER-- legal responsibility
_________ is the extent to which a business meet the legal, ethical, economic and
voluntary responsibilities placed on them by their stakeholders - ANSWER-- corporate
citizenship
which of the following is an advantage of using an export agent? - ANSWER-- the firm
does not have to deal with
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 is likely to cause a trade deficit - ANSWER--
which of the following is a measure that does not yield revenue for the government of
the US but can effectively limit the quantity of a particular good being imported from
japan - ANSWER-- quota
a group of nations or companies that agrees to act together as a monopoly and not
compete with each other in order to generate a competitive advantage in the world
markets is called an - ANSWER-- cartel
exporting may occur through _______, which involve bartering products for other
products rather than currency - ANSWER-- countertrade agreements
when an org has a structure in which decision making authority is delegated as far down
the chain of command as possible it is said to be exercising - ANSWER--
decentralization
an org form that is abse don direct lines of authority from top executive to the lowest
level of employee is called - ANSWER-- line structure
