Business Information Quiz # 8

Conditions that could negatively affect a company's competitive capability are called ________.

Internal weaknesses.

Tactical nightmares.

Unforeseen obstacles

External threats

Creating new jobs, inventing new products, and opening new stores are actions of a(n) _____.

Consumer

Entrepreneur

Homeowner

For most people, experiencing stress is _______.

Normal

Extraordinary

Exciting

Boring

In addition to the price of the auto, ____ may be a price variable in an auto negotiation.

Financing terms

Service contract costs

Trade-in value

All of these

In general, industries are more attractive when the ________.

Majority of the threats are high

Majority of the threats are low

Threat of each of the forces is neutral-neither low nor high

Threat of each of the five forces is high

Threat of each of the five forces is low

Mcgregor recognized that ________.

Their attitude toward workers affected how managers proceeded to motivate

Worker attitude toward managers affected how managers proceeded to motivate

The lower-order needs of workers were usually satisfied after higher-order needs were satisfied

There are no purists. Managers’ attitudes toward employees are a combination of learned behavior and situational behavior

The feasibility analysis includes all of the following except ____.

Industry analysis

Market customer analysis

Product service analysis

Competitive analysis

Investor analysis

The standards to which performance is compared come from ___________.

The planning process

Product service analysis

Competitive analysis

Investor analysis

The three primary reasons startups need funding are ________.

Cash flow challenges, capital investments, and lengthy product development cycles

Business research, cash flow challenges, and costs associated with building a brand

Bonuses for members of the new venture team, attorney fees, and lengthy product development cycles

Attorney fees, capital investments, and marketing research

Bonuses for members of the new venture team, marketing research, and personnel costs

Corporate social performance is depicted as an _____ variant of corporate social responsibility.

Action-oriented

Obligation-oriented

Operation-oriented

Outcome-oriented

________ are a set of activities an organization performs in order to reach their business goals.

Making decisions

Business principles

Business processes

Automating work

Estimation

Some people argue that _____ is the most difficult and most important part of strategic management.

Strategic execution

Making decisions

Business principles

Business processes

The term used to describe the benefits produced by a merger or acquisition is _____.

Partnership

Leverage

Synergy

Profit

The balance sheet should be thought of as the ____ of the organization.

Snapshot

Transaction recording

Bottom line

Profits and loss statement

Clip

The balanced scorecard approach to control ____

Forces managers at each level of the company to set specific goals and measure performance in each of four areas

Only performance measures

Both financial and operational performance measures

Only financial and customer perspectives

The balanced scorecard method is based on __________ dimensions of a firm's performance.

Four

Five

Six

Three

Two

The balanced scorecard system requires management to consider ________.

Only leading indicators

Only performance measures

Both financial and operational performance measures

Only financial and customer perspectives

The cost of the business process is the sum of the cost of the inputs and the ________.

Cost of the activities

Cost of the outputs

Value of the outputs

Value of the product/service

____ is the process of moving an organization toward its vision.

Strategic planning

Disaster recovery plan

Risk identification

Contingency planning

When the federal reserve board sells government securities, _____.

The money supply in the economy decreases

Aware of your product or service

Want to buy the product or service from you

Want to buy your product or service

Application software that is intended for use in a specialized business environment is called ____.

An industry-specific application

An enterprise application

Web application

Objectives during a sales call include making the customer ________.

Aware of your product or service

Want to buy the product or service from you

Want to buy your product or service

All of the above

A type of business system is the ____, which is used to improve decision making.

Upgrade management system

Decision support system (DSS)

Business information system

Data information system

Advantages to buying an existing business that you do not have with a startup include ________.

Greater access to venture capital

The opportunity to participate in a national advertising campaign

Inventory is in place and trade credit is established

Easy implementation of innovations and changes from past policies

For product-based businesses, ________ often represents their largest capital investment.

Account receivables

Inventory

Plant and equipment

Real estate

All of the following except ________ would be an advantage to partnership.

Unlimited liability

Account receivables

Inventory

Plant and equipment

________ strategies emphasize both new products and new markets to achieve growth.

Diversification

Market penetration

Market development

__________ involves computers directly in the production process.

CAD

CAM

AMDA

AMCAP

A ____________ is a clear and lofty sense of why a business exists.

Mission

Vision

Strategic intent

Logo

A business plan can help a company ________.

Operate more effectively

Raise capital

Define its core mission

All of the above

None of the above