QUESTION One reason advertising is very effective in our environment today is because people will pay attention and learn about an organization’s product. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION Describe the Ponzi scheme that businessman Bernard Modoff carried out and for which he pleaded guilty to 11 felony charges. What will be an ideal response? ANSWER He convinced people to give money to his company by promising them a big return on their investment. Then, he would take money from new investors […]
Date: September 3rd, 2020
QUESTION People who invest their clients’ money into a business in exchange for partial ownership and a high return on investment are called ________. a. angel investors b. venture capitalists c. commercial lenders d. business incubators ANSWER b
Date: September 3rd, 2020
QUESTION Which statement about the maturity stage of a business life cycle is FALSE? a. A business may have excess funds to pay shareholders. b. Businesses stress the unique features of their products. c. Businesses may lower their prices. d. The competition in the marketplace weakens. ANSWER d
Date: September 3rd, 2020
QUESTION Apple now has many iPhone competitors and is trying to differentiate its product from its competitors to create demand. Apple is in the ________ stage of the business life cycle. a. introductory b. growth c. maturity d. decline/rebirth ANSWER b
Date: September 3rd, 2020
QUESTION Teaching employees their jobs by immediately starting them to work and supervising them until they learn what they need to know is called ________. a. simulation training b. online training c. on-the-job training d. orientation ANSWER c
Date: September 3rd, 2020
QUESTION The Universalist Principle states that before making a decision, you need to determine whether the decision would be fair ______________________________. Fill in the blank(s) with correct word ANSWER for everyone in all circumstances.
Date: September 3rd, 2020
QUESTION A president or CEO is a top manager who assigns employees their work, monitors their progress, and provides guidance. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION Web 2.0 refers to the rise of social networking sites, blogs, wikis, and virtual communities that provide convenient platforms for people to share information and collaborate. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION People who invest their own money into a business in return for some level of ownership are called ________. a. angel investors b. venture capitalists c. commercial lenders d. business incubators ANSWER a
Date: September 3rd, 2020
