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
QUESTION An evaluation in which everyone around a leader rates the leader’s performance on a regular basis is called a(n) ________ evaluation. a. all-around b. 180° c. 360° d. super-thorough ANSWER c
Date: September 3rd, 2020
QUESTION What level of innovation involves a simple improvement in current products or services? a. incremental b. disruptive c. revolutionary d. exponential ANSWER a
Date: September 3rd, 2020
QUESTION In the company where you work, decision-making authority is in the hands of very few people. Your company has a ________ structure. A) centralized B) decentralized C) focused D) fragmented ANSWER A
Date: September 3rd, 2020
QUESTION A coffee shop chain states the following on its Web site: to inspire and nurture the human spirit—one person, one cup, and one neighborhood at a time. This is an example of a(n) ________ statement. a. innovation b. mission c. integrity d. vision ANSWER b
Date: September 3rd, 2020
QUESTION Integrity is about ________. a. being inconsistent b. recognizing that there is no connection between words and actions c. fearing to stay true to yourself d. speaking truthfully ANSWER d
Date: September 3rd, 2020
