QUESTION Do successful organizations employ only managers or only leaders? What will be an ideal response? ANSWER The most successful organizations employ both managers and leaders, with leaders throughout all levels of the organization’s hierarchy.
Date: September 3rd, 2020
QUESTION What form of business is owned and operated by two or more people? a. sole proprietorship b. partnership c. limited liability company d. corporation ANSWER b
Date: September 3rd, 2020
QUESTION In a monopolistic competition, businesses try to make their products stand out from the rest. What is NOT a way to do this? a. Make products that are physically different. b. Use a brand name to create perceived differences. c. Create a low-cost production system. d. Provide superior customer service. ANSWER c
Date: September 3rd, 2020
QUESTION When Arm & Hammer baking soda was repositioned as a deodorizer and carpet freshener, this was an example of a _________________ product life cycle. Fill in the blank(s) with correct word ANSWER circular
Date: September 3rd, 2020
QUESTION If you are a director, but you try communicating by using facts to communicate your specific expectations, you are flexing toward a ________. a. detailer b. people-pleaser c. autocrat d. performer ANSWER a
Date: September 3rd, 2020
QUESTION Describe a leader whom you know. What leadership qualities does this person have? What will be an ideal response? ANSWER Student answers will vary. Examples should include a focus on intuition and innovation and the ability to motivate, inspire, and influence the behaviors of other people.
Date: September 3rd, 2020
QUESTION What is NOT an advantage of a partnership? a. There is automatic unlimited liability. b. There is more start-up money available. c. They are very flexible. d. There are shared resources. ANSWER a
Date: September 3rd, 2020
QUESTION Erica chooses to purchase her winter coat from LL Bean because they offer her superior customer service. LL Bean is operating in a ________. a. monopoly b. monopolistic competition c. oligopoly d. perfect competition ANSWER b
Date: September 3rd, 2020
QUESTION The visible manifestations of an organization’s culture include all of the following EXCEPT A) the mission statement. B) informal leaders’ identities. C) dress codes. D) annual reports. ANSWER B
Date: September 3rd, 2020
QUESTION Jennifer Wyatt wanted to find new customers for her store. On her own, she decided to hand out fliers in the neighborhood. Which of the five Is is Jennifer demonstrating? What will be an ideal response? ANSWER Jennifer is showing initiative by stepping up to the challenge, acting independently, and taking control of […]
Date: September 3rd, 2020
