QUESTION The second decision making step is ________. a. isolate the facts b. list alternatives c. decide and act d. identify the goal(s) to be achieved and the decision to be made ANSWER a
Date: September 3rd, 2020
QUESTION The availability of labor thus can heavily influence a company’s decision of where to set up. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Just-in-time (JIT) inventory control ensures materials arrive and leave a facility at exactly the time when they are needed, not before or after. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Entrepreneurs make some common mistakes. What is not one of them? a. They do not have enough experience in economics and finance. b. They incur too much credit card debt. c. The do not properly predicting cash flow. d. They use excess personal funds to finance the business. ANSWER d
Date: September 3rd, 2020
QUESTION One trick to successfully using online customer forums is to discourage dissatisfied customers from posting their experiences. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION Which of the following is an example of a behavioral goal? a. Increase visits to website by 50 unique visits per week. b. Keep visitors at our website an average of 2 more pages per visit. c. Increase the number of online purchases by 12%. d. Increase the number of subscriptions to our email […]
Date: September 3rd, 2020
QUESTION What resource provides management support services to start-up businesses, including shared office space and administrative services? a. business incubators b. SCORE c. Small Business Administration d. U.S. Chamber of Commerce Small Business Center ANSWER a
Date: September 3rd, 2020
QUESTION How are corporate social responsibility and business ethics related? What will be an ideal response? ANSWER Business ethics affect individual behavior in the workplace. Corporate social responsibility is a related concept, but it refers to the overall way in which a business attempts to balance its commitments to relevant groups and individuals in […]
Date: September 3rd, 2020
QUESTION Justin is planning on starting his own automation company. He was referred to an organization that provides support services, such as networking, financing, and administrative support. This organization is ________. a. the Service Corp of Retired Engineers b. the U.S. Chamber of Commerce Small Business Center c. a business incubator d. the Entrepreneurs Organization […]
Date: September 3rd, 2020
QUESTION In a bureaucratic organization, workers perform highly specialized jobs. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
