Study notes for Business at Alliant International University

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Chapter 17 Managing Business Finances

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1 Copyright © 2017 Pearson Education, Inc. Business Essentials, 11e (Ebert/Griffin) Chapter 17 Managing Business Finances 1) What value of a stock is calculated by dividing total shareholders' equity by the total number of shares of stock issued? A) Par value B) Market value C) Book value D) Dividend value E) Total value AACSB: Application of knowledge Objective: 17.1: Explain the concept of the time value of money and the principle of compound growth, and discuss the characteristics of commo...

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Understanding Money and the Role of Banking

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1 Copyright © 2017 Pearson Education, Inc. Business Essentials, 11e (Ebert/Griffin) Chapter 16 Understanding Money and the Role of Banking 1) Which of the following banking instruments has a fixed term? A) Demand deposits B) Time deposits C) Money market mutual funds D) Credit card accounts E) Savings accounts Answer: B Explanation: B) Time deposits such as certificates of deposit (CDs), have a fixed term, are intended to be held to maturity, cannot be transferred by check, and pay higher inter...

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Information Technology (IT) for Business

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1 Copyright © 2017 Pearson Education, Inc. Business Essentials, 11e (Ebert/Griffin) Chapter 14 Information Technology (IT) for Business 1) Which of the following BEST describes enterprise resource planning? A) An information processing application for routine business activities of a company's business units B) An information system for organizing and managing a firm's activities across product lines, departments, and geographic locations C) A system used for transforming data into informatio...

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Chapter 13 Distributing and Promoting Products

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1 Copyright © 2017 Pearson Education, Inc. Business Essentials, 11e (Ebert/Griffin) Chapter 13 Distributing and Promoting Products 1) Which of the following refers to the combination of channels that a firm selects to get a product to end users? A) Distribution mix B) Transportation strategy C) Merchandising system D) Marketing plan E) Retail system Answer: A Explanation: A) In addition to a good product mix and effective pricing, the success of any product also depends on its distribution mix,...

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Developing and Pricing Products

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1 Copyright © 2017 Pearson Education, Inc. Business Essentials, 11e (Ebert/Griffin) Chapter 12 Developing and Pricing Products 1) What happens when companies extend their horizons and identify opportunities outside existing product lines? A) Disconnected product lines B) Multiple product lines C) Uniform product lines D) Universal product lines E) Tailored product lines Answer: B Explanation: B) Many marketers extend their product lines to include multiple, or diversified, product lines. Starbu...

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The Role of Accountants and Accounting Information

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1 Copyright © 2017 Pearson Education, Inc. Business Essentials, 11e (Ebert/Griffin) Chapter 15 The Role of Accountants and Accounting Information 1) Which of the following terms refers to the comprehensive system for collecting, analyzing, and communicating financial information? A) Bookkeeping B) Accounting C) Controlling D) Auditing E) Budgeting Answer: B Explanation: B) Accounting is the practice of making financial information useful to internal and external parties. Difficulty: Easy AACSB:...

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Chapter 10 Human Resource Management and Labor Relations

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1 Copyright © 2017 Pearson Education, Inc. Business Essentials, 11e (Ebert/Griffin) Chapter 10 Human Resource Management and Labor Relations 1) What is another name given to human resource managers? A) Financial managers B) Personnel managers C) Production managers D) Accounting managers E) Business development managers AACSB: Application of knowledge Objective: 10.1: Define human resource management, discuss its strategic significance, and explain how managers plan for their organization's hu...

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Chapter 9 Leadership and Decision Making

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1 Copyright © 2017 Pearson Education, Inc. Business Essentials, 11e (Ebert/Griffin) Chapter 9 Leadership and Decision Making 1) Which of the following do organizations need in order to be effective? A) More leadership than management B) More management than leadership C) Both leadership and management D) Either leadership or management E) Neither leadership nor management AACSB: Application of knowledge Objective: 9.1: Define leadership and distinguish it from management. 2) Which of the follo...

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Marketing Processes and Consumer Behavior

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1 Copyright © 2017 Pearson Education, Inc. Business Essentials, 11e (Ebert/Griffin) Chapter 11 Marketing Processes and Consumer Behavior 1) What is the term for the process of creating, communicating, and delivering value to customers while managing customer relationships in ways that benefit the organization and its stakeholders? A) Financial planning B) Controlling C) Operations management D) Marketing E) Demographic profiling AACSB: Application of knowledge Objective: 11.1: Explain the conc...

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Chapter 8 Employee Behavior and Motivation

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1 Copyright © 2017 Pearson Education, Inc. Business Essentials, 11e (Ebert/Griffin) Chapter 8 Employee Behavior and Motivation 1) What is the term for behavior that is related to doing a certain job? A) Performance behavior B) Interpersonal behavior C) Disruptive behavior D) Potential behavior E) Assertive behavior AACSB: Application of knowledge Objective: 8.1: Identify and discuss the basic forms of behaviors that employees exhibit in organizations. 2) Which would an employee who is producti...

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