QUESTION A document explaining where the company wants to go is a(n) ________ statement. a. vision b. mission c. financial d. introspection ANSWER a
Date: September 3rd, 2020
QUESTION Costume shops experience seasonal spikes in sales. What will happen to the demand curve for costumes during the Halloween season? a. It will stay the same. b. It will shift to the right. c. It will shift to the left. d. It will shift to the right in the short term and to the […]
Date: September 3rd, 2020
QUESTION Which is NOT one of the levels of innovation? a. incremental b. disruptive c. revolutionary d. exponential ANSWER d
Date: September 3rd, 2020
QUESTION Which of these will NOT shift the supply curve? a. changes in production costs b. changes in price expectations c. changes in customer preference d. changes in technology ANSWER c
Date: September 3rd, 2020
QUESTION Which of the following is a benefit of having a centralized organizational structure? A) Decisions are made quickly because only a few people need to reach consensus. B) Decisions are made more slowly and carefully because more people are involved in evaluating alternatives. C) Decisions are better informed because employees from the front lines […]
Date: September 3rd, 2020
QUESTION A mission statement ________. a. explains where the company wants to go b. describes why the company exists c. outlines the company’s future purpose d. motivates, excites, and inspires everyone ANSWER b
Date: September 3rd, 2020
QUESTION Which will shift the supply curve? a. changes in production costs b. changes in customer preference c. increases in the number of potential buyers d. the prices of related products ANSWER a
Date: September 3rd, 2020
QUESTION Why should you consider liquidity in making investment decisions? What will be an ideal response? ANSWER The more liquid an investment is, the lower the return that the investment will earn. A savings account has a lower interest rate than a certificate of deposit. You must also estimate the amount of cash that […]
Date: September 3rd, 2020
QUESTION In general, managers have authority over ____________ in the company’s organization chart. A) managers who work in other units at the same level B) the employees directly above them C) the employees directly below them D) people two levels above them. ANSWER C
Date: September 3rd, 2020
QUESTION In the organization where you work, decision making and authority are spread down through the organizational chart. Your company has a _______ structure. A) decentralized B) centralized C) focused D) fragmented ANSWER A
Date: September 3rd, 2020
