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Calculus

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100 Terms

1
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A clothing manufacturer build quality into its operating system, placing responsibility on each empylee. This process is known as quality:
A.) deliveryB.) guaranteeC.) assuranceD.) inspection
C.) assurance
2
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Channels of distribution benefit businesses by:
A.) lowering the prices of all industrial goodsB.) getting their products to consumers more efficientlyC.) raising their profits each yearD.) allowing them to avoid all channel tasks
B.) getting their products to consumers more efficiently
3
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What a brand is and stands for, as well as how it behaves and the qualities it projects, are embodied in its:
A.) personalityB.) identityC.) logoD.) equity
A.) personality
4
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Which of the following is a true statement about housekeeping in retail business:
A.) it is not an important responsibilityB.) it is usally a monthly activityC.) it is an ongoing responsibilityD.) it is limited to emptying trash
C.) it is an ongoing responsibility
5
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Businesses usually maintain customer sales records that contain information about the:
A.) discounts offered by manufacturesB.) types of products being purchasedC.) cocst of paying commissioned salespeopleD.) suppliers that provide the goods
B.) types of products being purchased
6
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Which of the following financial services providers is most likely to provide a small, local coddee shop with business loans, checking and savings accounts, and overdraft protection:
A.) Eastern Region Investment BankB.) Marley and Winston Commercial BankC.) Walker CPA FirmD.) Allen and Mellen Brokerage Firm
B.) Marley and Winston Commercial Bank
7
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Which of the following is an example of an occupationally specfic trade association:
A.) retail merchants associationB.) national restaurants associationC.) chamber of commerceD.) sales and marketing executives international
B.) national restaurants association
8
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An employee who is able to adjust to changing conditions possesses the desirable trait of:
A.) loyaltyB.) adaptabilityC.) friendlinessd.) tact
B.) adaptability
9
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The purpose of legal procedure is to ensure that each party receives:
A.) ongoing adviceB.) consistent treatmentC.) a resonable verdictD.) an indictment
B.) consistent treatment
10
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What should job applicants do if certain questions on the application do not pertain to them?
Write N/A in the space
11
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What type of channel conflict often occurs between manufacturues and thier authorized dealers?
Vertical
12
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Advertisers that use concept testing to obtain feedback from potential customers and conducting?
primary market research
13
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Which of the following is categorized as a fixed expense in a personal budget?
car payment
14
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What is a company's private computer network that allows authorized users to share information?
Intranet
15
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A benefit of using an integrated software application package is that it allows businesses to?
manage all aspects of the operation
16
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What process might a business use to enter marketing data into a computer for analysis?
Keyboarding
17
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Job applicants often list on their resumes the names, positions, and adresses of several people who are willing to serve as...
References
18
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Wal-mart, Chevron Texaco, and Ford Motor Company sell stock in their companies. They are examples of which of the following types of business ownership:
Corporation
19
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Listening carefully should enable emplyees to
follow directions
20
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One of the differences amoung people that can be difficult to change is their
mental ability
21
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An e-mail message that is sent to a coworker should contain
essential information
22
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Which of the following occurs when a country can produce goods at a relatively more efficient rate than another country?
comparative advantage
23
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What type of promotional media might a chain of supermarkets use in order to reach a large number of potential customers in its geographic area?
suburban newspapers
24
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The goods and services sold during a ear to foreign buyers are a country's
exports
25
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Which of the following is a reason to avoid drawing distinctions between people?
everyone is unique
26
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What is a technologyically advanced method that allows businesses to produce products that are specialized for a very few customers?
mass customization
27
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Which of the following is an example of a payroll deduction?
health insurance
28
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What is the relationship between research purpose and research design?
purpose dictates design
29
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Emplyrrs often use simple written reports to provide managers with \___ inforamtion
routine
30
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Which of the following would be least likely to be found on the label of a nonhazardous product?
precautions when using the product
31
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What communication channels is a corporation's public-relations department most likely to use to maintain positive relationships with shareholders?
newsletters, annual reports, and the company's website
32
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What businesses try to foster positive customer/client relations by encouraging emplyees to be...
friendly
33
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Which of the following would be a short-term financial goal?
saving enough to buy a DVD
34
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One way to determine the usefulness and accuracy of research information is to
assess timeliness
35
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The marketing function that helps sellers to provide information to buyer about the seller's products is
promotion
36
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If a business wants all of the members of a project team to have the ability to acess the same information from different locations, it should use \______ applications.
groupware computer
37
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Because people often change their negotiating styles and strategies, effective negotiators must be...
flexible
38
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A market for goods and services exists when there is a group of...
potential consumers
39
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The data needed for sales volume analyses and market share analyses come from...
company sales report
40
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You are in a better position to control your own future if you \___ change
anticipate
41
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What data-collection method can be used to obtain product information during the point-of-purchaseprocess?
volume tracking scanner
42
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The paymenet of taxes to the federal government allows it to provide goods and services to \___ and \____
businesses; households
43
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Customers are more likely to spend a lot of time evaluating several options before buying a product when....
the product is expensive
44
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Kent is going to start his own business. He is concerned that the merchandise he wants to carry will go out of style soon after opening his business. Which type of risk must he prepare for?
economic
45
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Salespeople may risk losing a sale to a potential customer if they are unable to explain a business's \__________ policies.
selling
46
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A business;s advertising and display efforts should be...
coordinated
47
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Being attentive, watching trends, and pinpointing problems are ways for entrepreneurs to uncover
product opportunities
48
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Allison is attending a business seminar. Because the seminar presenter is speaking very quickly, Allison is having a difficult time taking accurate notes. What technique would help Allison take notes quickly?
use abbreviations and symbols
49
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The negative effect of slotting fees is that they often limit a small producer's ability to
introduce new items in the marketplace
50
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A research study participant providing incorrect information on a questionnaire is an example of a
responce error
51
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What form of technology are salespeople using that eliminates the need to carry a laptop and personal data assistant while making sales calls?
smartphone
52
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What is often one of the largest sources of money flowing out of a business?
payroll and benefits
53
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The purpose of depositing large bills in drop boxes upon receipt is to prevent...
robbery
54
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A manufacturer has learned that its market is expanding. How should this information be used?
To increase production
55
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The Microsoft Corporation generated $51.12 billion in revenue in 2007. This is an example of
factual information
56
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Loss due to shoplifting is an example of a(n) \_____ business risk
human
57
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Which of the following technological tools has made it possible for a buisness to spend personalized promotional messages in a cost-efficient manner:
electronic mail
58
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The Acquired Needs Theory implies that a person's buying behavior is affected by 3 primary needs, which include achievement, power, and...
esteem
59
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Tatiana is a project manager who is ready to close a project, and has scheduled a "lessons learned" meeting with the project team. What will Tatiana most likely include on her meeting agenda?
discussion of specific challenges encountered
60
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Many buinesses use their company manuals as a source of information in order to __ new employees
orient
61
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Which of the following would not be cpnsidered an intermediary in a channel of distribution
producer
62
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What communication channel do businesses often use to disseminate positive public-relations information about themselves and their emplyees to external audiences?
The media
63
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Which of the following examples illustrates the use of the cause and effect method of a format for structuring oral presentations
The use of toxic chemicals in the environment can result in the extinction of many species of waterfowl
64
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Consumers buy products to benefit
themselves
65
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One reason advertising prescription drugs online might be considered an ethical issue is because theadvertisements might persuade customers to
use drugs they do not need
66
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Sara is a new marketing employee who is learning that the best way to listen to customers is
actively
67
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Which of the following is true statement about sample size?
The larger the sample size, the better
68
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A local supermarket's front-end employees are trained to smile and greet customers as they approach the cash register and say thank you as customers leave. This approach
build customer loyalty
69
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Persuasion is an important part of which of the following functions:
communication
70
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Which of the following represents an operating expense for a business?
cost of utilities
71
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Distribution examines how income is divied between
producers and resource owners
72
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With a high level of selling ethics, you would typically ask which of the following questions in an ethical situation
What is the right thing to do?
73
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What best describes the goal of amplified word-of-mouth?
Providing information to activists to share with others
74
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Creative problem solving requires the ability to think
nontraditionally
75
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What do managers often do after a project has been successfully completed?
Prepare a report
76
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One reason customers who pay for products with a credit card usually want to know the interest charges is because those charges
add to the cost of the purchase
77
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When Amber walked by Ryan's desk, she noticed that Ryan was raking his left hand through his hair, that his face was red, and that he kept hitting the enter button on keyboard with his right hand, while frowning at his computer screen. Based on his nonverbal cues, Amber would probably assume that Ryan was
frustrated
78
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What types of environmental factors do businesses often consider when conducting a situational analysis?
Internal and external
79
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Which of the following situations is most likely to result in long-term, increased sales for a business?
constantly providing new choices for consumers
80
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Product/service management can help to decrease
business risk
81
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Cameron said to his manager, "The order didn't ship because Sam didn't tell me that we didn't have enough items in stock." What is Cameron doing?
Blaming another person for a communication breakdown
82
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What feature do many word-processing software programs contain that enables businesses to prepare accurate written documents?
dictionary
83
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A company's computer network allows many users to access the same programs on different computer units throughout the company. What type of computer operating system is the company using?
Multiprocessing
84
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Some companies have lowered the number of accidents on the job by using
safety programs
85
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Which of the following is a disadvantage of the matrix organizational structure:
It violates the unity of command principles
86
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The principles by which you live your life are refered to as your
values
87
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A primary reason that employees experience burnout in the workplace is because they
become bored with the work
88
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When Brandon lost his job due to downsizing, the government sent him an unemployment check to help him cover his living expenses until he found another job. What is Brandon's source of income?
Transfer payment
89
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How does appropriate information management affect a business's relationship with its customers?
businesses serve customers more effectively
90
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Which of the following economic laws is a business following when it stops hiring after its current employees achieve a certain level of productivity:
diminishing returns
91
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Which of the following is often the best way for a salesperson to handle the slow/methodical type of difficult customer:
Summarize benefits
92
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What synectics technique compares a problem with something else that is unrelated?
forced analogies
93
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The price factor is important to the other 3 factors in marketing because the 4 marketing factors are
interdependant
94
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When you look for suppo
credibility of the sources
95
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Which of the following is an example of a buisness behaving ethically in an effort to protect consumers:
using tamper-resistant packaging
96
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When businesses invest funds to expand, they are involved in the process of:
finance
97
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The most appropriate way for the High-Tech Computer Company to communicate information about its new line of computers at a trade show is by
holding product demonstrations
98
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Predatory pricing is an unethical business practice because it can create economic conditions in which
consumers have fewer choices
99
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In order for teachers to prepare report cards, they must \__________ their students.
evaluate
100
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Feedback from customers about problems with products provides producers with the information needed to
make product improvements