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 […]
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
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
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
QUESTION What level of innovation involves a simple improvement in current products or services? a. incremental b. disruptive c. revolutionary d. exponential ANSWER a
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
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
QUESTION Name three types of investments that can make up a portfolio. What will be an ideal response? ANSWER (1) Stocks are a small slice of ownership in a company. (2) Bonds are a loan to a company and are more secure than stock. (3) Mutual funds are organizations that collect investors’ money, pool […]
QUESTION You cannot make grape jelly without grapes. If the price of grapes increases, what happens to the supply curve for grape jelly? 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 […]
QUESTION Which of these will NOT shift the demand curve? a. changes in customer preference b. increases in the number of potential buyers c. the prices of substitute products d. changes in production costs ANSWER d
