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
QUESTION In general, managers have authority over those employees who work at the same level as they do in the organization chart. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION What stage of the business life cycle is characterized by expanding sales and more competitive prices? a. introductory b. growth c. maturity d. decline/rebirth ANSWER c
Date: September 3rd, 2020
QUESTION Training that employees receive from any computer at work or home is called ________. a. job shadowing b. orientation c. online training d. off-the-job training ANSWER c
Date: September 3rd, 2020
