QUESTION What term describes the level of competition in which businesses compete against each other to sell similar products at prices usually higher than the lowest possible price? a. monopoly b. monopolistic competition c. oligopoly d. perfect competition ANSWER b
Date: September 3rd, 2020
QUESTION An organization’s culture consists of all of the following EXCEPT A) attitudes. B) values. C) challenges. D) norms. ANSWER C
Date: September 3rd, 2020
QUESTION If you are a performer, but you try communicating by being businesslike, task focused, and to the point, you are flexing toward a _______. a. people-pleaser b. detailer c. storyteller d. director ANSWER d
Date: September 3rd, 2020
QUESTION If you are kind-hearted and sensitive and like working with others, you are probably a ________. a. people-pleaser b. director c. performer d. detailer ANSWER a
Date: September 3rd, 2020
QUESTION Once a company comes up with a few ideas for new products, the company uses _________________ to see which idea people like most. This helps the company determine which products are most likely to sell. Fill in the blank(s) with correct word ANSWER concept testing
Date: September 3rd, 2020
QUESTION Which is NOT a defensible reason for a monopoly? a. government ruling b. marginal revenue c. economies of scale d. ownership of a resource ANSWER b
Date: September 3rd, 2020
QUESTION As a production supervisor, Hidemi spends much of his time looking at how production is organized and thinking of ways to innovate and improve. He holds strategy sessions with his team leaders to describe his intuitive vision for the future and the opportunities that he sees coming. Is Hidemi a manager or a leader? […]
Date: September 3rd, 2020
QUESTION The U.S. Department of Commerce considers a business “small” if it has fewer than ________ employees. a. 10 b. 50 c. 100 d. 500 ANSWER d
Date: September 3rd, 2020
QUESTION If you are a people-pleaser, but you try communicating by allowing the other person to talk, focusing on his or her needs, and being appreciative of that person’s strengths and contributions, you are flexing toward a ________. a. detailer b. director c. performer d. collaborator ANSWER c
Date: September 3rd, 2020
QUESTION James has been hired to fill a line position in an organization. This means that he will A) have executive responsibilities, such as formulating corporate-level strategy. B) take responsibility for designing the messages in marketing campaigns. C) support shared-services units such as human resources and legal. D) be directly involved in producing or selling […]
Date: September 3rd, 2020
