2024-2025 LATEST VERSION ALREADY GRADED A+
A new young executive is perplexed at the number of interruptions that occur due to employee relations.
She has decided to track the number of interruptions that occur during each hour of her day. Over the
last month, she has determined that between 0 and 3 interruptions occur during any given hour of her
day. The data is shown below. Number of interruptions - probability (1.) 0 interruptions - .4 (2.) 1
interruptions - .3 (3.) 2 interruptions - .2 (4.) 3 interruptions - .1 On average she should expect 1
interruption per hour. - ANSWERwer-False
_____ is the amount of data that can be trANSWERferred from one point to another in one second. -
ANSWERwerBandwidth
The principle of rational choice specifically states that you choose how to spend additional income based
on what gives you: - ANSWERwer-The most marginal utility for that dollar
Outdoor World has everything any hunter or fisherman could want, all under one roof including a display
of hunting trophies and a swimming pool full of bass to test fishing gear. What kind of retailer is Outdoor
World? - ANSWERwer-Destination retailing
Jack has the power to give a bonus the employees to achieve a certain level of performance. This is an
example of: - ANSWERwer-Reward Power
The rate of unemployment is calculated as the number of: - ANSWERwer-Unemployed divided by the
number of people in the civilian labor force.
On a hot summer day, a construction worker enters a McDonald's fast-food restaurant. He orders the
first Big Mac. He consumes it within 3 minutes. He then orders a second Big Mac and consumes it in 10
minutes. He eats only half of the third one in 18 minutes and throws away the rest. The store manager
offers him the fourth for free. The construction worker says: "No thanks." Why? - ANSWERwer-Marginal
utility declined as he consumed additional Big Macs.
George, a project manager at a publishing firm, is experiencing many stress-related symptoms. What is
the best advice an HR manager could give George? - ANSWERwer-Recognize your own limitations
,Which of the following is a category or element of the balance sheet? - ANSWERwer-Liabilities
In the context of the data component of an information system, internal data sources include _____. -
ANSWERwer-Personnel Records
According to the hot stove rule, disciplinary action should most likely occur immediately, so that the
individual _____. - ANSWERwer-Understand the reason for it
In the context of applications of artificial intelligence (AI), _____ perform well at simple, repetitive tasks
and can be used to free workers from tedious or hazardous jobs. - ANSWERwer-Robots
A company has two bonds that are identical except one matures in 5 years and one matures in 10 years.
If interest rates fall, what will happen to the price of the bonds? - ANSWERwer-Both will increase and
the 10year will increase more.
Any business activity, which resorts to deceitful practices or devices with the intent to deprive another of
property or other rights, or to cause economic injury. - ANSWERwer-External Fraud
Which of these actions would likely result in a lower current ratio? - ANSWERwer-Extending the time to
pay suppliers
Dave is developing a social media platform to help Saint Leo students plan events and track attendance.
Part of his persona profile includes age, gender and class year. What part of segmentation best describes
these factors? - ANSWERwer-Demographic
Ellen, as a manager, has always been driven by scheduling, directing group activities, planning, and trying
out new ideas. For her, meeting deadlines is critical and she always gives explicit standards of
performance. Ellen can be described as high on which of these? - ANSWERwer-Delegating
The following is a payoff table giving profits for various situations. (State 1): 0. / / 44 (State
2): 0. / / 33 (State 3): 0. / / 55 If a person were to use the expected
monetary value criterion, what decision would be made? - ANSWERwer-Alternative 3
, In the long run, the price for a perfectly competitive firm: - ANSWERwer-Will be determined by the
firm's supply and demand curves?
As an example of this strategy, large fast-food chains such as McDonald's and KFC rely on the same brand
names and the same core menu items around the world, but make some concessions to local tastes too.
- ANSWERwer-TrANSWERnational strategy
_______ laws are federal and state statutes and regulations that promote product safety and prohibit
abusive, unfair, and deceptive business practices. - ANSWERwer-Consumer Protection
The World Trade Organization (WTO) is: - ANSWERwer-The only global international organization
focused on negotiating the rules of trade between nations.
Which of these is not a critical component is designing an advertising campaign? - ANSWERwer-Detailed
product information
In a relational database model, a _____ is a field in a relational table that matches the primary key
column of another table. - ANSWERwer-Foreign key
The ________ was intended to eliminate job discrimination based on race, color, national origin, sex, and
religion. - ANSWERwer-Fair Employment Practices Act
Which of the following is not a shortcoming of using manager judgment for forecasting availability? -
ANSWERwer-Managers are always overall aggressive in estimating hiring requirements
Which of these is typically a characteristic of a sales promotion? - ANSWERwer-The consumer does not
have to buy the product to benefit from the offer
A(n) _____ consists of programs that mimic human thought behavior in a specific area that human
specialists have solved successfully. - ANSWERwer-Artificial intelligence system