QUESTION Describe the visualization process for a company that is preparing to introduce a new style of shoes. What questions will the company have to consider? What will be an ideal response? ANSWER A pair of shoes is a tangible good. The company must consider the form and function of the good. Here are […]
Date: September 3rd, 2020
QUESTION What form of business is owned and operated by a single person? a. sole proprietorship b. partnership c. limited partnership d. corporation ANSWER a
Date: September 3rd, 2020
QUESTION Shawna has a staff position in an organization. This means that she A) has executive responsibilities, such as formulating corporate-level strategy. B) supports people in line positions. C) is directly involved in producing or selling a product. D) is part of the unionized workforce. ANSWER B
Date: September 3rd, 2020
QUESTION Hometown Waterworks is a company that provides water to consumers and serves as a water distribution monopoly. Why is the company permitted to operate as a monopoly? a. Hometown Waterworks pays taxes annually. b. Hometown Waterworks campaigns to promote water conservation in the surrounding areas. c. Hometown Waterworks has complete control over the water […]
Date: September 3rd, 2020
QUESTION Which is NOT an advantage of a sole proprietorship? a. They are easy to start. b. The owner has complete control. c. Special tax forms aren’t required. d. It is relatively easy to raise money for expansion. ANSWER d
Date: September 3rd, 2020
QUESTION Which of the following is NOT true about line positions? A) They contribute directly to revenue. B) They often pay higher salaries than staff positions do. C) They are most often filled by young people. D) They present more opportunity for advancement than staff positions do. ANSWER C
Date: September 3rd, 2020
QUESTION ________ feedback is best. a. Immediate b. Next-day c. Delayed d. No ANSWER a
Date: September 3rd, 2020
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
