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88 Terms

1

What approach should a company use to ensure changes lead to long-term benefits?

B. Change-management

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2

What is a risk factor associated with international business related to currency?

C. Foreign currency exchange

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3

What format should Sonya use to show logical relationships among project activities?

A. Project schedule network diagram

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4

Who influences Brendon's buying behavior due to his admiration for basketball players?

B. Reference group

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5

What term refers to the added cost on unpaid balances of revolving credit accounts?

A. Finance charge

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6

What type of consumer fraud did Kari likely suffer from if there were unauthorized withdrawals from her account?

B. Identity theft

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7

What is the potential benefit of a business continuously improving the quality of its goods and services?

D. Higher demand

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8

What could happen if a merchandising budget overestimates customer demand?

D. Increased costs

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9

Which option is an example of receiving information?

D. Reading a travel itinerary

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10

What is an accurate statement about maintaining customer records?

D. Companies should avoid adding suppliers and competitors to customer records to maintain accuracy.

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11

What type of knowledge is Jillian attempting to retrieve by observing and questioning managers?

B. Tacit knowledge

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12

What document allows project teams to identify inefficiencies and document gained knowledge?

A. Lessons-learned document

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13

Why may a defendant choose to settle a legal dispute out of court?

A. To avoid the high costs of going to trial.

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14

What initiates a new civil litigation case?

C. Complaint

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15

What is Jack experiencing when he refuses to acknowledge negative effects on his life?

D. Denial.

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16

The increasing unemployment rate found in an environmental scan is an example of a(n) __________ factor.

B. Economic

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17

Business process improvement aims to reduce process time, minimize inefficiencies, and __________.

D. Improve output quality.

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18

What is a benefit of performing integrated change control?

D. It reduces risks that arise from making changes without considering the project as a whole.

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19

What is a necessary component of a standard purchase order aside from product specifications and quantities?

D. Shipping requirements.

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20

What must a research firm do to ensure its new algorithm qualifies for trade secret protection?

C. Require employees to sign nondisclosure agreements.

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21

What type of organizational structure might a small organization need compared to a large company?

D. Informal organizational structure; formalized, complex structure.

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22

What statement is true regarding protecting digital customer data?

D. Data protection strategies should be reevaluated often.

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23

Who regularly uses a business's managerial accounting information?

C. Supervisors.

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24

What area should Sandra focus on to ensure timely deliveries after customer complaints?

D. Supply chain management.

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25

What are employees encouraged to do when using silence as a negotiating technique with a vendor?

D. Make a concession.

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26

What occurs during the emergence stage of a conflict?

A. The conflict is realized.

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27

The cost of designing a reliable product falls under which type of cost?

B. Prevention.

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28

How can employees who handle sales transactions help save money for the business?

B. Watching for counterfeit money.

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29

What statement about emotional intelligence is true?

A. In many situations, individuals can improve their levels of emotional intelligence.

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30

Walmart, Chevron, and Ford Motor Company are examples of what type of business ownership?

D. Corporation.

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31

What step of the writing process is Rachel performing by modifying her report?

C. Editing.

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32

What is a vital aspect of using technology in customer relationship management?

B. Updating customer information in the computer database.

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33

What happens to the price of oranges if a disease ruins the crop?

D. Increase.

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34

What type of planning is most effective after a power outage causes software malfunctions?

D. Contingency.

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35

When should a company make significant changes to its database?

A. After work hours or when employees have downtime.

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36

How can managers motivate employees to be more productive?

B. Considering employees’ suggestions.

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37

Where might values come from that shape an individual?

B. The culture in which you are raised.

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38

How can you ensure understanding of someone’s message during communication?

C. Summarize and restate their key points.

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39

What can enhance career progression for employees?

C. Changing jobs.

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40

Inflation affects the balance of trade through its impact on what?

D. Currency exchange rates.

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41

What is an effective way to prioritize tasks at work?

A. Order of their importance.

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42

How should Maggie appeal to board members who may disagree with her report's conclusions?

B. Focus on the evidence that supports her conclusions.

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43

What type of work is Becky's boss asking her to perform when they analyze financial reports?

D. Business analysis.

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44

What action begins determining important project evaluation parts?

B. Consider project goals.

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45

What facility components are inspected to ensure safety ordinances are met?

A. Elevators.

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46

What positions do Chief operations officer, process improvement specialist, and call center supervisor represent?

D. Operations management.

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47

How can an organization promote knowledge management effectively?

A. Providing the right technology.

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48

What circumstance might be documented in a project plan’s change-management document?

C. A project's changing purpose.

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49

Where would a study about pharmaceutical companies' spending be placed in a research report?

C. Introduction.

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50

What negative consequence can arise from an unethical action that is not illegal?

D. A poor reputation.

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51

What maintenance supplies are likely to be kept in a business?

B. Trash bags, sanitizer, and light bulbs.

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52

How do supply chain networks differ from basic supply chains?

B. More complex and show how information and materials flow back and forth.

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53

What is the purpose of a project charter?

C. Define what needs to be accomplished.

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54

What is a true statement about captive insurance?

B. Tax laws generally require that the insured demonstrate that they will be materially harmed.

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55

How did Tracy act on an employment opportunity with TPS Industries?

C. Networking with others.

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56

What is an example of a customs regulation?

C. Citizens are not allowed to bring fresh fruits and vegetables back with them.

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57

Employees' creative suggestions often lead to changes that increase __________ and reduce expenses.

A. Efficiency.

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58

What control is being applied when a bank manager corrects an employee immediately?

C. Concurrent control.

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59

What technological advancement has improved access to project management software?

C. Cloud computing.

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60

What trust-building technique is demonstrated by keeping confidential information private?

C. Not sharing confidential information.

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61

In a negative work culture, employees are less likely to share work-related tacit knowledge and trust whom?

B. Their managers and coworkers.

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62

What should Emily do to show her classmate empathy?

A. Think of a time when she had difficulty with an assignment.

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63

What is true regarding internal record maintenance?

B. It helps you determine your profit.

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64

What element in supply chain management ensures processes happen on time and quality?

D. Operations.

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65

To maintain relationships with vendors, a business should share what?

C. Relevant information.

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66

For successful innovation, employees must have a desire to learn and be willing to __________.

D. Accept change.

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67

What ethical obligation do businesses have regarding their products?

B. Safe to use.

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68

Is it appropriate for employees to greet customers and assist them directly?

A. Yes, they should always greet customers.

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69

What does audience engagement indicate during a humorous presentation?

C. Engaged.

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70

Which example shows a project manager motivating a team?

B. Tamara provides lunch for her team.

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71

What type of communication occurs when a sales manager emails the distribution center manager?

A. Horizontal.

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72

Why has risk modeling become more prevalent?

A. Wider availability of data.

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73

What should project managers do to ensure efficiency in task performance?

C. Communicate their roles and responsibilities.

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74

What can a business do to mitigate noncompliance risks?

A. Monitor regulations.

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75

What common risk might project teams face when developing a work breakdown structure?

A. Using it to replace the project schedule.

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76

What illegal action could Joseph face for advising his sister to sell her stock?

A. Insider trading.

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77

What does using Six Sigma imply about a company's quality management?

D. It produces only 3.4 defects per million parts.

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78

What can significantly impact a developed country's role in world trade?

B. Unstable government.

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79

In process thinking design, what should a process have?

C. A goal.

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80

Which airline appears undervalued?

C. Smooth Flying.

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81

What is an effect of overstaffing in a business?

B. Poor customer service.

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82

What should a company do to protect digital assets when an employee leaves?

D. Retrieve work-related usernames and passwords.

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83

What is likely causing Premiere Office Supplies to change its sales process?

A. Competition.

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84

Records about monetary transactions are most likely __________ records.

D. Financial.

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85

How might technology affect supply chain management?

D. A manufacturing firm tracking inventory with a digital system.

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86

What action can capture tacit knowledge from employees?

B. Conducting personal interviews.

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87

How does the relationship between people and change management work?

C. Change happens one person at a time.

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88

What is a manager doing while directing?

B. Initiating action.

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