Business Information Quiz # 6

Taco bell's predominant pricing strategy is _______.

Customer-oriented

Lower levels of management

Mid-levels of management

The board of directors level

Technical skills that apply to the business at hand are most often necessary at __________.

Lower levels of management

Mid-levels of management

The board of directors level

Higher levels of management

Teenage entrepreneurship is growing especially in the _____ industry.

Tech

Discrimination

Salary

Range

Net pay

The _____ exerts the strongest influence on the act of communication.

Communicator's particular context

Environmental analysis

Business analysis

Industry analysis

Proof of market

The _____ for an accountant is between $40,000 and $50,000.

Age

Discrimination

Salary

Range

Net pay

The _____ is an organization's ability to achieve multiple objectives at the same time.

Benefit of the also

Tyranny of the or

Timing of the when

Genius of the and

Perfection of the two

The ________ addresses the roles of the community, region, nation, and world in a business.

Environmental analysis

Business analysis

Industry analysis

Proof of market

Financial analysis

The ________ is a short overview of the entire business plan.

Summary statement

Executive summary

Managerial review

Founder's introduction

Abstract

The ________ problem occurs when supervisors tend to rate all their subordinates consistently low.

Central tendency

Leniency

Strictness.

Halo effect

The best business opportunities often combine both ________ and ________.

Internal; External

Legitimate; Coercive

Central; tendency

Leniency; Legitimate

The best organizational structure is the one that ________.

Facilitates the firm's goals and is appropriate to its industry, size, technology, and competitive environment

Upholds the status quo

Actively resists organizational change

Does not allow any compromise on the globalization-localization continuum

The chance of losing time, money, reputation, etc. is known as __________.

Risk

Revenue

Loss

Profit

The change brought about by online competition from amazon and walmart are examples of _____

Changing customer preferences.

Address problems with a counterplan

Deal with those issues all at once

Ignore those problems until they are severe

The cost of raw materials used to produce a good or service represent the firm's ________ costs.

Variable

Fixed

Loss

Profit

The department that hires, trains, and develops company employees is called ________.

Human resources

The employee office

The people department

The principal's office

The hiring and firing office

The drawback to personal selling is _____.

Its inability to give demonstrations

Its high cost

Its inability to convey information

Its inability to consummate sale

Its low frequency and reach

The due diligence process of analyzing and evaluating an existing business ________.

May be just as time consuming as the development of a comprehensive business plan for a start-up.

Guarantees that the company will generate sufficient cash to pay for itself and leave you with a suitable rate of return on your investment.

Includes a requirement that the seller maintain insurance coverage after the sale.

All of the above

The fact that joe works nine hours per day is an example of ________.

Data

Role

Hardwork

The financial analysis component of a business plan is to describe _____.

Where the funds to start and operate your business will come from

When you expect to see profit

How much profit you expect to see

All of these

The financial manager for a typical corporation is responsible for ________.

Determining the most appropriate sources and uses of funds

Choosing a state in which the business owner wants to live.

Determining which city has the demographics that best fit the business.

Conducting a specific site analysis

The first organizing decision that an entrepreneur must make is the ________.

Form of legal ownership

Choosing a state in which the business owner wants to live.

Determining which city has the demographics that best fit the business.

Conducting a specific site analysis

The first phase of determining where to locate a business is ________.

Choosing a state in which the business owner wants to live.

Determining which city has the demographics that best fit the business.

Conducting a specific site analysis.

Determining which regions of the country are experiencing growth

The first place an entrepreneur should look for startup capital is ________.

A bank.

A venture capitalist.

The Small Business Administration.

His own savings

The first step in developing the promotion program is to __________.

Identify the target audience

Specify the promotion objectives

Select the right promotional tools

Design the promotion

The focus of a small company's marketing plan should be on ________.

Its product or service.

The customer.

Attracting capital.

An evaluation of key competitors

The foundation of every business is ________.

Its products and services

Satisfying the customer through a customer-driven marketing strategy

Doing whatever it takes to earn a profit

Operating in a socially responsible manner

The industry in which a new venture will operate is the business's ____.

Economic environment

Technological environment

External environment

The introductory stage will be followed by a _____ stage for a successful product.

Growth

Maturity

Introductory

Analysis

The inuit have dozens of words for what we typically call snow. this is an example of ____________.

Linguistic relativism

Manage outsourcing relationships

Protect information assets

Prosecute hackers

The is department has responsibility for all of the following functions except ____________.

​develop, operate, and maintain applications

Plan the use of IS to accomplish organizational goals and strategy

Manage outsourcing relationships

Protect information assets

Prosecute hackers