Bus Final Exam With correct solutions 2024

Characteristics of a good manager correct answers 1. Good Communicators -use parallel channels 2. Mature 3. Leadership Ability 4. Knowledge 5. Honest review how changes in supply and demand correct temporary shortages and surpluses. correct answers understand the concept -gas prices -when gas is high they are doing a lot of fracking and their is going to be a big supply and little demand -(demand up supply more) -when gas is low they are doing less fracking and their is going to be a high demand for gas -(demand down supply less) Planning duties and various levels of management correct answers Top management -broad goals -3-5 years *Strategical planning Middle management -1 year *Tactical management Supervision management -1 mo/week/day *Operational Planning how do changes in interest rates impact the value of bonds of the secondary market correct answers they move in opposite directions Adam Smith and his beliefs? correct answers Father of Capitalism 1. All have the right to own and protect property 2. All are materialistic 3. All will seek their own economic well-being 4. In a free market consumers will receive the beset products at the lowest prices because, of competition Where may profits from a corporation be distributed correct answers 1. dividends - profit to the owners 2. returned earnings - saving 3. both places