QUESTION Organizational change is A) the amount of money a corporation receives back from the government if it overpays its corporate taxes. B) planned or unplanned transformations in the structure, technology, and people a company uses. C) a shift in customers’ preferences for a company’s products or services. D) the sudden emergence of new competitors […]
QUESTION ________ means giving specific tasks to the right people according to their individual skill sets while also effectively explaining and clarifying the task and the goal. a. Delegating tasks b. Avoiding groupthink c. Providing feedback d. Encouraging continuous learning ANSWER a
QUESTION If you relish the chance to launch into a story at any opportunity, you are probably a ________. a. performer b. director c. detailer d. people-pleaser ANSWER a
QUESTION Glenda plans to buy a video store franchise. Which of the following MOST likely convinced her to buy a franchise instead of starting up her own business? a. Business owners are not totally responsible for their decision making. b. Business owners are not responsible for paying royalty fees in a franchise. c. Business owners […]
QUESTION When you run out of milk and you go to the store to buy some, this is an example of a customer ___________. Fill in the blank(s) with correct word ANSWER need
QUESTION Who is permitted to operate as a monopoly? a. Appliance companies b. Life insurance companies c. Automobile companies d. Pharmaceutical companies ANSWER d
QUESTION Most companies have an annual or semi-annual formal performance appraisal that typically involves evaluations by both the employee and the manager. Indicate whether the statement is true or false ANSWER TRUE
QUESTION Explain why companies do market research and list some of the methods they use. What will be an ideal response? ANSWER Companies do market research in order to reach their customers, understand their needs, establish two-way communication, and give them the products they want. Some of the methods they use are focus groups, […]
QUESTION A farmer should increase production when ________. a. marginal revenue equals marginal cost b. marginal cost is greater than marginal revenue c. marginal revenue is greater than marginal cost d. marginal revenue is greater than profits ANSWER c
QUESTION ________ means promoting individual opinions. a. Encouraging continuous learning b. Providing feedback c. Delegating tasks d. Avoiding groupthink ANSWER d
