QUESTION Why would employees look for integrity from their leaders? What will be an ideal response? ANSWER Leaders establish the moral climate of an organization. Employees who value working in an organizational climate that shows integrity will expect the organization’s leaders to set good examples.
QUESTION What is in the middle of Maslow’s hierarchy of needs pyramid? a. social needs b. physiological needs c. safety needs d. esteem needs ANSWER a
QUESTION The pricing strategy where the mode of distribution of the product determines the price of the product is called _____________________. Fill in the blank(s) with correct word ANSWER channel-driven pricing
QUESTION Which statement about an oligopoly is FALSE? a. There are few sellers. b. The products may be homogenous or differentiated. c. Entry into the market is easy. d. The airline industry serves as a good example. ANSWER c
QUESTION How would you go about conducting a job analysis? A) List the achievements an employee has made in a particular role in the company. B) Document the requirements of a position and the work that must be performed. C) Assess the talent pool available for filling a particular position in the company. D) Examine […]
QUESTION What is at the top of Maslow’s hierarchy of needs pyramid? a. safety needs b. social needs c. self-actualization d. esteem needs ANSWER c
QUESTION The strategy of attracting new customers by setting a low initial price for a product is called ______________ pricing. Fill in the blank(s) with correct word ANSWER penetration
QUESTION What is your personal career vision? What will be an ideal response? ANSWER Student answers will vary, but show consideration for career goals. Look for answers to the two following questions: (1) What choices should I make? (2) How do I want to lead my career life?
QUESTION What form of business is its own separate legal entity, distinct from its owners? a. sole proprietorship b. partnership c. limited partnership d. corporation ANSWER d
QUESTION Carl’s Clunkers used to be the only used car dealership near campus until ReRevved Engines opened a few months ago. The competition between dealerships is a(n) ________. a. monopoly b. monopolistic competition c. oligopoly d. perfect competition ANSWER c