(TCO 1) A(n) _____ is a framework of how a business intends
to generate revenue.
AssignmentTutorOnline
Student Answer: business model
strategic management tool
profitability analysis
competitive advantage
entrepreneurial mindset
Instructor Explanation: Chapter 1, page 4
Points Received: 5 of 5
Comments:
Question 2. Question
: (TCO 1) All internal and
external groups affected by a company’s activities are referred to as its
_____.
Student Answer: shareholders
customers
stakeholders
employees
suppliers
Instructor Explanation: Chapter 1, page 10
Points Received: 5 of 5
Comments:
Question 3. Question
: (TCO 1) The _____ function of
a business involves the recruiting, hiring, and support of its personnel.
Student Answer: operations
finance
human resources
accounting
information technology
Instructor Explanation: Chapter 1, page 14
Points Received: 5 of 5
Comments:
Question 4. Question
: (TCO 1) _____ is defined as having two consecutive
quarters of decline in the country’s gross domestic product.
Student Answer: Deflation
Stagnation
Immobilism
Stagflation
Recession
Instructor Explanation: Chapter 2, page 36
Points Received: 5 of 5
Comments:
Question 5. Question
: (TCO 1) _____ unemployment is
the natural movement of workers into and out of jobs, such as when a person
quits one job without first lining up a new job.
Student Answer: Structural
Intrinsic
Frictional
Cyclical
Seasonal
Instructor Explanation: Chapter 2, page 37
Points Received: 0 of 5
Comments:
Question 6. Question
: (TCO 1) _____ taxes are levied
on earnings of individuals to help fund Social Security, Medicare, and
unemployment compensation.
Student Answer: Excise
Payroll
Sales
Income
Property
Instructor Explanation: Chapter 2, page 40
Points Received: 5 of 5
Comments:
Question 7. Question
: (TCO 1) _____ intelligence
involves reasoning, problem solving, memorization, and other rational skills.
Student Answer: Cognitive
Emotional
Social
Collaborative
Networking
Instructor Explanation: Chapter 7, page 150
Points Received: 5 of 5
Comments:
Question 8. Question
: (TCO 1) A(n) _____ is a specific, short-range target
or aim.
Student Answer: mission
tactic
strategy
objective
vision
Instructor Explanation: Chapter 7, page 147
Points Received: 5 of 5
Comments:
Question 9. Question
: (TCO 1) _____ leaders act as
advisors and supporters and generally let subordinates chart and adjust their
own course toward meeting agreed-upon goals and objectives.
Student Answer: Participative
Consultative
Autocratic
Transactional
Laissez-faire
Instructor Explanation: Chapter 7, page 151
Points Received: 5 of 5
Comments:
Question 10. Question
: (TCO 2) The United States
restricts the import of peanuts to a maximum of 1.7 million pounds per year to
protect the price that domestic producers can charge. This is an example of
a(n) _____.
Student Answer: import subsidy
embargo
import quota
import tariff
restrictive import standard
Instructor Explanation: Chapter 3, page 53
Points Received: 5 of 5
Comments:
Question 11. Question
: (TCO 2) The _____ was
established to foster international financial cooperation and its primary
functions include providing short-term loans to countries that are unable to
meet their financial obligations and working to alleviate poverty in developing
economies.
Student Answer: World Trade Organization
World Commerce Center
European Union
North American Free Treaty
International Monetary Fund
Instructor Explanation: Chapter 3, page 54
Points Received: 5 of 5
Comments:
Question 12. Question
: (TCO 2) Transparency
International is a(n) _____.
Student Answer: accounting agency that promotes the use of
unified accounting systems across the world
watchdog group that works to reduce
business-government corruption around the world
agency that works toward implementing
protectionist regimes across the globe
agency of the United Nations that is formed
to mediate international negotiations
agency of the United Nations that is formed
to investigate transparency issues in international trade
Instructor Explanation: Chapter 3, page 59
Points Received: 5 of 5
Comments:
Question 13. Question
: (TCO 2) _____ refers to the
degree to which information flows freely within an organization, among managers
and employees, and outward to stakeholders.
Student Answer: Philanthropy
Materialism
Whistle-blowing
Transparency
Utilitarianism
Instructor Explanation: Chapter 4, page 71
Points Received: 5 of 5
Comments:
Question 14. Question
: (TCO 2) Which of the following
is an example of whistle-blowing?
Student Answer: An employee discloses confidential
information about the company to a rival firm for personal gain.
An employee suggests some process changes to
his manager that he claims will increase the productivity of the team.
An employee avoids taking ownership of his
mistakes by blaming it on his coworkers.
An employee informs the manager that some of
his team members are misusing confidential customer details from the company
database.
An employee who is unsatisfied with his
performance appraisal requests his manager for a re-evaluation of his
performance.
Instructor Explanation: Chapter 4, page 72
Points Received: 5 of 5
Comments:
Question 15. Question
: (TCO 2) Which of the following
statements is true regarding ethical decision making?
Student Answer: When an employee is unable to make a decision
because more than one side of an issue can be supported with valid arguments,
it is called an ethical lapse.
The disclosure of information by a company
insider that exposes unethical behavior by others within the organization is
called an ethical lapse.
Stakeholders’ needs often conflict, requiring
managers to make tough decisions about resource allocation.
Making objective decisions will lead to
ethical lapses.
When the question of what is right and what
is wrong is clear, ethical decisions are easy
to implement.
Instructor Explanation: Chapter 4, page 73
Points Received: 5 of 5
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