Brainarium

What best describes a situation where there is a high potential for substitutes? - CORRECT ANSWER-consumers can choose between soda, water, iced tea and more to drink Michael Porter proposed that firm level strategies originate with the primary competitive forces in the firms industrial environment; these forces are - CORRECT ANSWERthreats of new entrants, threat of substitute products or services, bargaining power of suppliers and buyers, and industry rivalries What would lead to lower pr...

Managing - CORRECT ANSWER-- Planning - Organizing - Leading - Controlling Managerial Challenges - CORRECT ANSWER-- Managing for competitive advantage - Managing resources - Managing ethically - Managing for happiness and meaningfulness Managing for competitive advantage - CORRECT ANSWER-- Identify and develop new opportunities - Producing quality products that satisfy customer demand efficiently - Being aware of the big picture, including external and internal factors - Globalization...

work specialization - CORRECT ANSWER-a job is broken down into a number of steps to be completed by each individual/employee chain of command - CORRECT ANSWER-who reports to who? organization charts Span of Control - CORRECT ANSWER-number of people who report up to each leader Authority v. Responsibility - CORRECT ANSWER-authority is about title, position, the higher up you are the more right you have to make decisions; responsibility is related to title, but you can have tons of responsib...

organizational culture & why is this important - CORRECT ANSWER-the shared values, principles, traditions, and ways of doing things that influence the way organizational members act important because of the impact it has on decisions, behaviors, and actions of organizational employees stake holders - CORRECT ANSWER-any constituencies in an organization's environment that are effected by that organization's decisions and actions why are stakeholders important? - CORRECT ANSWER- 4 ty...

Multiplier Effect and Management Basics Q1. What is the multiplier effect in management? A1. Your influence as a manager is multiplied beyond what one person can achieve alone. Q2. What do good managers do? A2. They create value. The Four Functions of Management Q3. What are the four functions of management? A3. Planning, Organizing, Leading, Controlling. Seven Challenges to Being an Exceptional Manager Q4. Name three of the seven challenges to being an exceptional manager. A4. Any thr...

Mature/Established Markets - CORRECT ANSWER-Consolidated, Slow Population Growth, Highly Skilled, Stable Governments Emerging/Developing Markets - CORRECT ANSWER-Expanding, High Population, Lower Skilled, Less Stabled Governments Global Expansion Strategies - CORRECT ANSWER-Exporting, Licensing/Franchising, Strategic Alliance, and Foreign Direct Investment Global Growth Strategies - CORRECT ANSWER-Incremental, Born Global Global Management Strategies - CORRECT ANSWER-Global, Regional, Loc...

• Water Safety instructors can maintain certification to teach if they: a. Teach and report at least one eligible course of record during the certification period and successfully complete the recertification assessment within 90 days prior to the expiration date. • The American Red Cross Swimming and Diving Skills DVD should be used: a. To provide an additional demonstration that can be viewed as needed. • As an American Red Cross Water Safety instructor, which of the following Amer...

What are some face-to-face support techniques? - CORRECT ANSWER-Hug position, chin support position, shoulder support position and hip support on front position. What are some back-to-chest support positions? - CORRECT ANSWER-Cuddle position, hip support on back position, back support position and arm stroke position. What are some side-to-side support positions? - CORRECT ANSWER-Hip straddle position and shoulder support on the side. What is meant by bracketing? - CORRECT ANSWER-Students ...

Where is the most effective force in the back crawl arm stroke? - CORRECT ANSWER- -during mid-pull and finish What is the sequence of the breaststroke? - CORRECT ANSWER-pull and breathe, kick and glide What type of kick is used in the elementary backstroke? - CORRECT ANSWER--whip kick (breaststroke kick) -arms= tickle, t, touch -arms and legs= simultaneous and symmetrical True or false: During the sidestroke the head and back should remain aligned (and legs) - CORRECT ANSWER-true True ...

Which is the most effective part of the stroke in the back crawl arms? (Which part creates the most force) - CORRECT ANSWER-The mid-pull What is the sequence for breaststroke? - CORRECT ANSWER-Pull, breath. kick, glide Which strokes are simultaneous and symmetric? - CORRECT ANSWER-Butterfly, breaststroke, elementary back crawl Which strokes are alternate? - CORRECT ANSWER-Front crawl, back crawl What should the head and back look like in the side stroke? - CORRECT ANSWERBack should be 15 d...

Multicollinearity - CORRECT ANSWER-Any VIF larger than 10 means there is collinearity present Large F value, small t values Prediction vs. Confidence intervals - CORRECT ANSWER-Prediction interval is ALWAYS wider than confidence interval This is because average or mean values are always more stable than individual values. Confidence interval is for the prediction of an average/mean value, whereas prediction interval is for the prediction of a single value. Coefficient of Determination - ...

_________ refers to the transfer of assets to another country or the acquisition of assets in that country a)International risk b)importing c)exporting d)international investment - CORRECT ANSWER-international investment which of the following types of risk is also known as political risk? a)commercial risk b)cross-cultural risk c)country risk d)currency risk - CORRECT ANSWER-country risk Which of the following is NOT an example of cross-cultural risk factor? a)costs of production b...

What has contributed to the growth of IB? - CORRECT ANSWER-The growth of IB activity coincides with the broader phenomenon of globalization of markets Globalization of Markets - CORRECT ANSWER-The ongoing economic integration and growing interdependency of countries worldwide Consequences of globalization: Job losses, contagion, market opportunities, new competitors Mega-trends in IB- Impact of globalization and technology - CORRECT ANSWER-- Worldwide reduction of barriers to trade and in...

By examining the rate, or how often, customers purchase and when they buy gives us a better feel for how potential new customers might act and react to different marketing and customer acquisition strategies - CORRECT ANSWER-Frequency Without data visualization, it is challenging to identify the correlations between the relationship of independent variables. By making sense of those independent variables, we can make better business decisions - CORRECT ANSWER-Correlations in relationships ...

International business is defined as the performance of ____ activities by firms across national borders. - CORRECT ANSWER-trade and Investment ___ refers to the transfer of assets to another country or the acquisition of assets in that country - CORRECT ANSWER-International investment Which of the following types of risk is also known as political risk? - CORRECT ANSWERCountry risk Which of the following best characterizes the development of international business? - CORRECT ANSWER-It has...

GramTech Solutions is a software development firm based in the United States. The firm's CEO, David Ghaster, wants to open an outlet in India. Being a visionary leader, he would ________. - CORRECT ANSWER-acquire managers with an international mindset, showing an openness to and awareness of diversity across cultures Which of the following is necessary for local responsivesness to effectively increase a firm's competitiveness? - CORRECT ANSWER-Local managers need to be able to make d...

Bribery refers to offering, giving, or soliciting anything of value to influence the actions of a government official or a corporate manager. • The abuse of power to achieve illegitimate personal gain is defined as corruption. • Sustainability means meeting humanity's needs without harming the ability of future generations to meet their needs. • Copyright grants protection to the creators of art, music, books, software, movies, and TV shows. • Counterfeiting is the process of ...

Which of the following types of risk is also known as political risk? o CORRECT ANSWER: Country Risk 2. Which of the following is NOT an example of a cross-cultural risk factor? o CORRECT ANSWER: Costs of production 3. International business is defined as the performance of _______ activities by firms across national borders. o CORRECT ANSWER: Trade and Investments 4. Fluctuating exchange rates are an example of which of the following? o CORRECT ANSWER: Currency risk 5. _____ refers to ...

Hofstede's Cultural Dimensions - CORRECT ANSWER-Individualism-Collectivism, Power Distance, Uncertainty Avoidance, Masculinity-Femininity, and Long-Term--ShortTerm Orientation. Individualism - CORRECT ANSWER-giving priority to one's own goals over group goals and defining one's identity in terms of personal attributes rather than group identifications. (Australia, Britain, Canada, and the U.S.) Collectivism - CORRECT ANSWER-the practice or principle of giving a group priority over...

What is country risk? - CORRECT ANSWER-Exposure to potential loss or adverse effects on company operations and profitability caused by developments in a country's political and/or legal environments. What is competitive advantage? - CORRECT ANSWER-Factors that allow a company to produce goods or services better or more cheaply than its rivals. What are the 3 strategic objectives? - CORRECT ANSWER-efficiency, flexibility, learning Define efficiency - CORRECT ANSWER-lower the cost of the...