QUESTION A set of skills that help people better communicate with themselves and the people around them is known as ________ intelligence. a. emotional b. introspection c. vision d. leadership ANSWER a
QUESTION Explain why two companies would want to join together in a merger or acquisition. What will be an ideal response? ANSWER Mergers and acquisitions help companies diversify and manage risk. A company may join with another company that offers different types of products, does business in new geographic areas, or has a specialized […]
QUESTION An organization’s structure determines all of the following EXCEPT A) who is responsible for what. B) who is unionized. C) who answers to whom. D) who will manage whom. ANSWER B
QUESTION In a free market economy, scarce resources are rationed through ________. a. government intervention b. prices c. economics d. societal pressures ANSWER b
QUESTION Which of the following questions can help you gauge your own emotional intelligence? a. Do you get people excited about anything? b. Do others come to you for advice when they are trying to do something new? c. How often does your honesty cost you something important? d. Do you motivate yourself? ANSWER […]
QUESTION What is the concept of the long tail? What will be an ideal response? ANSWER Instead of selling millions of units of a single product, some companies succeed by selling a few units of millions of products. Movie and music download sites are examples.
QUESTION That’s Brilliant sells $1 light bulbs for home use. Last year, the company produced 10 million bulbs and sold 8.5 million bulbs. The number of light bulbs offered by That’s Brilliant is the ________. a. supply b. demand c. surplus d. shortage ANSWER a
QUESTION An effective division of labor A) reduces conflict between employees from different units or divisions. B) allocates the majority of workers to the company’s headquarters. C) helps an organization avoid human-resources-related lawsuits. D) maximizes an organization’s productivity. ANSWER D
QUESTION Ineffective followers _______. a. actively support the leader b. support decisions based on personal opinion c. take responsibility for their own success d. are proactive in determining strategies ANSWER b
QUESTION Angel investors provide business start-ups with capital without asking for anything in return. Indicate whether the statement is true or false ANSWER FALSE