DEVRY BUSN115 / DEVRY BUSN115 WEEK 2 QUIZ - 94916

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Question Question 1.1.(TCO 1) _____ refer to a resource or capability a company must have before it can start competing in a given market. (Points : 5) Assets Economies of scale Barriers to entry Technological requirements Fixed costs Question 2.2.(TCO 1) The _____ function of an organization coordinates the incoming flow of materials and the outgoing flow of finished products. (Points : 5) finance logistics human resource purchasing sales Question 3.3.(TCO 1) Which of the following positions would be responsible for establishing the long-term financial goals of the company, investing its funds and raising capital for the business? (Points : 5) Cash manager Internal auditor Chief information officer Forensic accountant Treasurer Question 4.4.(TCO 1) When the number of competitors in a market is quite small, a situation known as _____ is created. (Points : 5) monopoly monopsony oligopoly monopolistic competition pure competition Question 5.5.(TCO 1) _____ is a steady rise in the average prices of goods and services throughout the economy. (Points : 5) Recession Depression Deflation Inflation Arbitration Question 6.6.(TCO 1) ________ taxes, levied on the earnings of individuals and businesses, are the government's largest single source of revenue. (Points : 5) Income Property Sales Excise Payroll Question 7.7.(TCO 1) _____ intelligence involves reasoning, problem solving, memorization, and other rational skills. (Points : 5) Cognitive Emotional Social Collaborative Networking Question 8.8.(TCO 1) The overall plan might be supported at the next level down by such plans as a research and development plan, a manufacturing plan, and a marketing plan. Such functional plans are called _____ plans. (Points : 5) appraisal strategic contingency tactical corporate Question 9.9.(TCO 1) _____ is the management function of keeping a company's activities on track toward previously established goals. (Points : 5) Organizing Leading Planning Motivating Controlling Question 10.10.(TCO 2) An embargo is a _____. (Points : 5) quantity restriction on the import of particular goods or services surcharge imposed on the import of certain products subsidy offered to products exported from a country complete ban on the import or export of certain products form of financial assistance extended to domestic producers Question 11.11.(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. (Points : 5) World Trade Organization World Commerce Center European Union North American Free Treaty International Monetary Fund Question 12.12.(TCO 2) _____ refers to buying goods or services from a supplier in another country. (Points : 5) Franchising Importing Licensing Partnering Intermediating Question 13.13.(TCO 2) _____ refers to the degree to which information flows freely within an organization, among managers and employees, and outward to stakeholders. (Points : 5) Philanthropy Materialism Whistle-blowing Transparency Utilitarianism Question 14.14.(TCO 2) Which of the following is an example of whistle-blowing? (Points : 5) 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. Question 15.15.(TCO 2) Which of the following statements is true regarding ethical decision making? (Points : 5) 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
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Question

Question 1.1.(TCO 1) _____ refer to a resource or capability a company must have before it can start competing in a given market. (Points : 5)

Assets
Economies of scale

Barriers to entry

Technological requirements

Fixed costs

Question 2.2.(TCO 1) The _____ function of an organization coordinates the incoming flow of materials and the outgoing flow of finished products. (Points : 5)

finance

logistics

human resource

purchasing

sales

Question 3.3.(TCO 1) Which of the following positions would be responsible for establishing the long-term financial goals of the company, investing its funds and raising capital for the business? (Points : 5)

Cash manager

Internal auditor

Chief information officer

Forensic accountant

Treasurer

Question 4.4.(TCO 1) When the number of competitors in a market is quite small, a situation known as _____ is created.&n

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