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____ is a collection of facts organized so that they have additional value beyond the value of the facts themselves. - answers>>Information ____ is the simulation of a real or imagined environment that can be experienced visually in three dimensions. - answers>>Virtual reality _____ is the amount of data that can be transferred from one point to another in one second. - answers>>Bandwidth _______ laws are federal and state statutes and regulations that promote product safety and prohibit abusive, unfair, and deceptive business practices. - answers>>Consumer Protection __________ ratios would provide the best information regarding total return to common stockholders. - answers>>Profitability __________ strategies are incentives a manufacturer offers to its distribution partners such as dealers, wholesalers, retailers, and the like to sell products to the end-users. - answers>>Push marketing _____________ are the most serious of crimes and are considered inherently evil - answers>>felonies ______________ discrimination occurs when an employer treats a specific individual less favorably than others because of that person's race, color, national origin, sex, or religion - answers>>Disparate-treatment "people of the same trade seldom meet together, even for merriment and diversion, but their conversation often ends in conspiracy against the public." this quote by Adam Smith is referring to ______ - answers>>collusion "People of the same trade seldom meet together, even for merriment and diversion, but their conversation often ends in conspiracy against the public." This quote from Adam
Smith is referring to which of the following business relationship terms: - answers>>Collusion 5 Functions of HRM - answers>>1. Recruitment and Selection 2. Orientation 3. Maintaining good working conditions 4. Managing employee relations 5. Training and Development 5 functions of HRM - answers>>recruitment and selection; orientation; maintaining good working conditions; managing employee relations; training and development 6 basic rights of consumers - answers>>right to safety, right to be informed, right to choose, right to be heard, right to consumer education, right to courteous service 6 BASIC RIGHTS OF CONSUMERS - answers>>right to safety, right to be informed, right to choose, right to be heard, right to consumer education, right to courteous service A company has two bonds that are identical except one matures in 5 years and one matures in 10 years. If interest rates fall, what will happen to the price of the bonds? - answers>>Both will increase and the 10-year will increase more. A complainant may file his or her employment discrimination claim with the ________ instead of the EEOC. - answers>>FEPA A corporate bond currently yields 8.3%. Municipal bonds with the same risk, maturity, and liquidity currently yield 5.5%. At what tax rate would investors be indifferent between the two bonds? - answers>>33.73% A corporation requesting a restraining order to bar the publication of damaging material would be seeking - answers>>Equity law a dividend will reduce ______ - answers>>retained earnings A dividend will reduce which of the following accounts? - answers>>Retained Earnings A judgmental sample is a sample in which the: - answers>>sampling units are chosen according to the sampler's judgment a leading force currently driving change at work is ______ - answers>>global competition A leading force currently driving change at work is: - answers>>Global competition A member of a minority race applies for a promotion to a position advertised as available at his company. The minority applicant, who is qualified for the position, is rejected by the company which hires a nonminority applicant for the position. The
According to the hot stove rule, disciplinary action should most likely occur immediately, so that the individual _____. - answers>>Understand the reason for it Accounting Profit - answers>>IS THE MONETARY COSTS A FIRM PAYS OUT AND THE REVENUE A FIRM RECEIVES. TOTAL MONETARY - REVENUE TOTAL COSTS. accounting profit - answers>>total revenue minus total explicit cost Accounts Payable - answers>>current liability account in which a company records the amounts it owes to suppliers or vendors for goods or services that it recieved on credit accounts receivable - answers>>current asset account in which a company records the amounts it has a right to collect from customers who received goods or services on credit All of the following are considered extrinsic motivators in Herzberg's two-factor theory EXCEPT: - answers>>Work itself an increase in ______ will increase owners equity - answers>>client fees an increase to ______ will increase owners eqity - answers>>client fees AN INCREASE TO WHICH OF THE FOLLOWING ACCOUNTS WILL INCREASE OWNERS' EQUITY? - answers>>Client Fees AN INCREASE TO WHICH OF THE FOLLOWING ACCOUNTS WILL INCREASE OWNERS' EQUITY? - answers>>Client Fees An individual who purchases a computer later decides to acquire a new motherboard. In terms of computing GDP, this new motherboard would be a(n) - answers>>Final good Another name for a decision table is a: - answers>>Payoff table Another Time Around helps young inner city kids develop products they can make and sell to earn money for college. What concept best describes this? - answers>>Cause Marketing Any business activity, which resorts to deceitful practices or devices with the intent to deprive another of property or other rights, or to cause economic injury. - answers>>External Fraud As an example of this strategy, large fast-food chains such as McDonald's and KFC rely on the same brand names and the same core menu items around the world, but make some concessions to local tastes too. - answers>>Transnational strategy
As the price of good A rises, the demand for good B rises. Therefore, goods A and B are: - answers>>substitutes bonds - answers>>Certificates of debt that carry a promise to buy back the bonds at a higher price cash - answers>>includes the following: currency and coins, checks received from customers but not yet deposited, checking accounts, and petty cash cash equivalents - answers>>short-term high liquidity investments with a maturity date that was 3 months or less at the time of purchase. Ex) money market accounts, U.S. Treasury Bills, and commercial paper Conflicts of interest exist when employees must choose whether to - answers>>advance their own interests, those of the organization, or those of some other group. conflicts of interest exist when employees must choose whether to - answers>>advance their own interests, those of the organization, or those of some other gtoup Coordinating the flow of all goods, services and information among channel members, and throughout the channel, is referred to as: - answers>>logistics Corporate culture is shown - answers>>(1) the ways the organization conducts its business, treats its employees, customers, and the wider community, (2) the extent to which freedom is allowed in decision making, developing new ideas, and personal expression, (3) how power and information flow through its hierarchy, and (4) how committed employees are towards collective objectives. It affects the organization's productivity and performance, and provides guidelines on customer care and service, product quality and safety, attendance and punctuality, and concern for the environment. Source CORPORATE GOVERNANCE - answers>>IT ESSENTIALLY INVOLVES BALANCING THE INTERESTS OF A COMPANY'S MANY STAKEHOLDERS, SUCH AS SHAREHOLDERS, MANAGEMENT, CUSTOMERS, SUPPLIERS, FINANCIERS, GOVERNMENT AND THE COMMUNITY IT ENCOMPASSES PRACTICALLY EVERY SPHERE OF MANAGEMENT, FROM ACTION PLANS AND INTERNAL CONTROLS TO PERFORMANCE MEASUREMENT AND CORPORATE DISCLOSURE. corporate governance - answers>>The role of a corporation's executive staff and board of directors in ensuring that the firm's activities meet the goals of the firm's stakeholders
gives explicit standards of performance. Ellen can be described as high on which of these? - answers>>Delegating Employees stricken with cancer, diabetes, or epilepsy are considered qualified individuals with a disability under ADA provisions. - answers>>False Employers are obligated to provide reasonable accommodations to physically challenged employee if they do not incur significant difficulty or expense for the employers. - answers>>True explicit cost - answers>>normal business costs that appear in the general ledger and directly affect a company's profitability Federal antidiscrimination laws prohibit employers from engaging in retaliation against an employee for filing a charge of discrimination. - answers>>True Financial Regulation - answers>>is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the integrity of the financial system. This may be handled by either a government or non-government organization. financial regulation - answers>>The rules that govern how financial services providers operate and deal with their customers. For both managers and external financial analysts, _________ is the single most important accounting number found on the income statement. - answers>>Net income (net profit after tax) GDP - answers>>the total market value of all final goods and services produced annually in an economy GDP Calculation - answers>>GDP = Spending by consumers + investment by businesses + government spending + (exports - Imports) GDP Calculation - answers>>THE FORMULA FOR GDP IS: GDP = C + I + G + (EX - IM), WHERE "C" EQUALS SPENDING BY CONSUMERS, "I" EQUALS INVESTMENT BY BUSINESSES, "G" EQUALS GOVERNMENT SPENDING AND "(EX - IM)" EQUALS NET EXPORTS, THAT IS, THE VALUE OF EXPORTSMINUSIMPORTS. GDP is the total market value of all: - answers>>final goods and services produced annually within a country's borders George, a project manager at a publishing firm, is experiencing many stress-related symptoms. What is the best advice an HR manager could give George? - answers>>Recognize your own limitations
government tactics that include removing incentives ______ - answers>>advance their own interests, those of the organization, or those of some other groups Government tactics that include removing incentives - answers>>advance their own interests, those of the organization, or those of some other group. government tactics that include removing incentives, demanding a higher share of profits and taxes, and confiscating foreign assets are known as: - answers>>expropriation Government tactics that include removing incentives, demanding a higher share of profits and taxes, and confiscating foreign assets are known as: - answers>>Expropriation GROSS DOMESTIC PRODUCT (GDP) - answers>>IS ONE OF THE PRIMARY INDICATORS USED TO GAUGE THE HEALTH OF A COUNTRY'S ECONOMY. IT REPRESENTS THE TOTAL DOLLAR VALUE OF ALL GOODS AND SERVICES PRODUCED OVER A SPECIFIC TIME PERIOD, OFTEN REFERRED TO AS THE SIZE OF THE ECONOMY ANALYSIS: GDP GROWTH RATE IS THE GROWTH IN GDP FROM QUARTER TO QUARTER.GDP PER CAPITA MEASURES GDP PER PERSON AND IS A GREAT WAY TO COMPARE GDP DATA BETWEEN VARIOUS COUNTRIES. Gross private domestic (GDP) investment is equal to all purchases of newly produced capital goods: - answers>>plus changes in business inventories plus purchases of new residential housing Holding everything else equal, total revenue increases - answers>>when either price or quantity increase holding everything else equal, total revenue increases when ______ - answers>>either price or quantity increase If a quality improvement plan is implemented and then periodically evaluated and it is discovered that the plan did not show improvement, what should be done? - answers>>Earlier assumptions need to be reevaluated implicit cost - answers>>any cost that has already occurred but not necessarily shown or reported as a separate expense In a relational database model, a _____ is a field in a relational table that matches the primary key column of another table. - answers>>Foreign key in economics, firms are assumed to ______ - answers>>maximize profits
the oldest item (the one purchased for $40) to a customer at a selling price of $60. However, under the LIFO cost flow assumption the company reports its cost of goods sold at $46 (the latest cost) and reports a gross profit of $14. (The costs of $40 and $ remain in inventory.) Individual and Group Dynamics - answers>>Interaction of complex intra- and inter- personal forces operating in a group which determine its character, development, and long-term survival. Field of study concerned with determination of laws underlying group behavior. inflation - answers>>a sustained increase in the general level of prices for goods and services in a country Inflation - answers>>IS DEFINED AS A SUSTAINED INCREASE IN THE GENERAL LEVEL OF PRICES FOR GOODS AND SERVICES IN A COUNTY, AND IS MEASURED AS AN ANNUAL PERCENTAGE CHANGE. UNDER CONDITIONS OF INFLATION, THE PRICES OF THINGS RISE OVER TIME. information - answers>>a colection of facts organized so that they have additional value beyond the value of the facts themselves International Trade - answers>>IS THE EXCHANGE OF CAPITAL, GOODS, AND SERVICES ACROSS INTERNATIONAL BORDERS OR TERRITORIES. IN MOST COUNTRIES, SUCH TRADE REPRESENTS A SIGNIFICANT SHARE OF GROSS DOMESTIC PRODUCT (GDP). international trade - answers>>the exchange of capital goods, and services across international borders or territories Jack has the power to give a bonus the employees to achieve a certain level of performance. This is an example of: - answers>>Reward Power Kip opens an account at a Lotsa Goodies Store, and buys a digital music player and other items, but makes no payments on the account. to collect the debt, Mako, the manager contacts Kip's Parents. this violates ______ - answers>>No federal law Kip opens an account at a Lotsa Goodies Store, and buys a digital music player and other items, but makes no payments on the account. To collect the debt, Mako, the manager, contacts Kip's parents. This violates - answers>>No federal law KJ built his taco truck out of $75,000,000 worth of titanium and duct tape. He uses $10.25 of organic bok choy, $6.75 of Wisconsin cheddar cheese, and $25.25 of foie gras in each taco. If he sells tacos at $475 each, what is his break-even quantity? - answers>>$173,
Labor unions are not covered under Title VII of the Civil Rights Act. - answers>>False Lauren is an HR manager at a marketing firm. Which of the following functions is LEAST likely to be an aspect of Lauren's job? - answers>>Product Testing law of demand - answers>>says that the quantity of a good demanded falls as the price rises and vice versa Law of Demand - answers>>SAYS THAT THE QUANTITY OF A GOOD DEMANDED FALLS AS THE PRICE RISES, AND VICE VERSA. law of supply - answers>>states that the quantity of a good supplied (I.E. the amount owners or producers offer for sale) rises as the market price rises, and falls as the price falls LAW OF SUPPLY - answers>>THAT THE QUANTITY OF A GOOD SUPPLIED (I.E., THE AMOUNT OWNERS OR PRODUCERS OFFER FOR SALE) RISES AS THE MARKET PRICE RISES, AND FALLS AS THE PRICE FALLS. Leadership effectiveness tends to be higher when the leader's intelligence is: - answers>>a little higher than that of the average group memeber Local area networks (LANs) are used to _____. - answers>>Integrate services to a single building or campus lying by omission involves intentionally - answers>>withholding material facts Lying by omission involves intentionally - answers>>withholding material facts. Many IT professionals start their careers as programmers, or programmer/analysts, and then are promoted to __________, positions that require a broad range of skills - answers>>system analysts Marginal revenue is equal to: - answers>>Marginal cost microeconomic analysis - answers>>attempts to explain the behavior of individuals and organizations in a given economy MICROECONOMIC ANALYSIS - answers>>ATTEMPTS TO EXPLAIN THE BEHAVIOR OF INDIVIDUALS AND ORGANIZATIONS IN A GIVEN ECONOMY. FUNCTIONS THROUGH MODELING AND BY EMPHASIZING INTERESTS. MICROECONOMIC TRENDS - answers>>ARE PATTERNS OF MOVEMENTS OR CHANGES IN ECONOMIC FACTORS SUCH AS CONSUMER, HOUSEHOLD, OR FIRMS' INCOME, SAVINGS, DEBT, AND EXPENDITURE.
Population Sampling - answers>>is the process of taking a subset of subjects that is representative of the entire population. The sample must have sufficient size to warrant statistical analysis. population sampling - answers>>the process of taking a subset of subjects that is representative of the entire population. the sample must have sufficient size to warrant statistical analysis Pretty Good Drugs Inc., a pharmaceutical company, has designed a new medicine for morning sickness among pregnant women. Testing at their R&D center showed the drug to be highly reliable. Pretty Good Drugs Inc. has to approach a U.S. federal administrative agency called ________ for the drug to be deemed legal for sale to the public. - answers>>Food and Drug Admin (FDA) PURCHASES RETURNS AND ALLOWANCES AND PURCHASE DISCOUNTS ARE CLASSIFIED AS WHICH OF THE FOLLOWING ON THE INCOME STATEMENT? - answers>>CONTRA-COST ACCOUNTS Purchases, returns and allowances, and purchase discounts are classified as _______ on the income statement - answers>>contra-cost accounts recession - answers>>e significant decline in economic activity that goes on for more than a few months Recession - answers>>IS A SIGNIFICANT DECLINE IN ECONOMIC ACTIVITY THAT GOES ON FOR MORE THAN A FEW MONTHS. IT IS VISIBLE IN INDUSTRIAL PRODUCTION, EMPLOYMENT, REAL INCOME AND WHOLESALE-RETAIL TRADE. Sensitivity analysis considers - answers>>changes in the values of the payoffs. sensitivity analysis considers - answers>>changes in values of the payoffs stocks - answers>>shares of ownership in a company strategic planning - answers>>the process of setting major organization objectives and developing plans to achieve them The ________ is the federal agency responsible for enforcing most federal anti- discrimination laws. - answers>>Equal Employment Opportunity Commission (EEOC) The ________ was intended to eliminate job discrimination based on race, color, national origin, sex, and religion. - answers>>Fair Employment Practices Act The __________ is a program developed by the industrialized countries to assist developing nations by improving their ability to export - answers>>Generalized System of Preferences
The ability to produce a product in high volume at roughly the same cost as standard products but customized to individual customer tastes is: - answers>>Mass customization The ADAAA is a federal statute that makes it illegal for an employer to discriminate against job applicants and employees based on genetic information. - answers>>True The communication competency is linked to effective performance of all but which of the following skills? - answers>>Liaison skill The communication competency is linked to effective performance of which of the following skills? - answers>>questioning skill The contention that tariffs should be imposed when a foreign government provides financial assistance to its producers is: - answers>>The infant industry argument. The data component of an information system is: - answers>>A series of integrated files containing relevant facts The days required for a business to receive inventory, sell the inventory, and collect cash from the sale of the inventory. - answers>>Operating cycle The EEOC will issue a right to sue letter to the complainant even if it does not find a violation upon investigation of the charge. - answers>>True The Equal Employment Opportunity Commission is the federal administrative agency that is responsible for enforcing most federal antidiscrimination laws. - answers>>True The Federal Highway Administration uses notice-and-comment rulemaking. this process begins with - answers>>the publication of a notice of proposed rulemaking The Federal Highway Administration uses notice-and-comment rulemaking. This process begins with - answers>>the publication of a notice of proposed rulemaking. The following is a payoff table giving profits for various situations. (State 1): 0.4 / 45 / 16 / 23 / 44 (State 2): 0.35 / 37 / 59 / 65 / 33 (State 3): 0.25 / 83 / 72 / 91 / 55 If a person were to use the expected monetary value criterion, what decision would be made? - answers>>Alternative 3 the FTC's Bureau of consumer protection - answers>>protects consumers against unfair, deceptive, or fraudulent practices THE FTC'S BUREAU OF CONSUMER PROTECTION - answers>>STOPS UNFAIR, DECEPTIVE AND FRAUDULENT BUSINESS PRACTICES BY COLLECTING COMPLAINTS AND CONDUCTING INVESTIGATIONS, SUING COMPANIES AND
The sampling method in which a population is divided into blocks and then selected by choosing a random mechanism is called a: - answers>>systematic sampling The sum of the squares total (SST)? - answers>>Measures the variability in Y about the regression line. The U.S. Supreme Court has held that sexual harassment that creates a hostile work environment violates ________. - answers>>Fair Employment Practices Act The use of bribery in international business is: - answers>>an acceptable business practice in many countries' culture The World Trade Organization (WTO) is: - answers>>The only global international organization focused on negotiating the rules of trade between nations. This strategy sacrifices responsiveness to local markets in favor of efficiency. Microsoft, for example, offers the same software programs around the world but adjusts the programs to match local languages. - answers>>Global Strategy Title VII of the Civil Rights Act was intended to eliminate job discrimination based on race, color, national origin, sex, and religion. - answers>>True To claim under disparate-treatment discrimination, the complainant must prove that ________. - answers>>he or she was rejected due to over-qualification TQM is most helpful to firms following the ____ business strategy. - answers>>integrated cost-leadership differentiation TQM is most helpful to firms following the ______ business strategy - answers>>integrated cost-leadership differentiation TYPE I ERROR - answers>>IS THE REJECTION OF A TRUE NULL HYPOTHESIS (ALSO KNOWN AS A "FALSE POSITIVE" FINDING) type I error - answers>>the rejection of a true null hypothesis (aka. a "false positive" finding) type II error - answers>>failing to reject a false null hypothesis (aka. a "false negative" finding) TYPE II ERROR - answers>>IS FAILING TO REJECT A FALSE NULL HYPOTHESIS (ALSO KNOWN AS A "FALSE NEGATIVE" FINDING) Using a sexually explicit picture or screensaver to mock an employee constitutes ________. - answers>>quid pro quo sex discrimination
virtual reality - answers>>the simulation of a teal or imagined environment that can be experienced visually in 3 dimensions vision statement - answers>>describes the desired future position of the company What is a general ledger? - answers>>A general ledger account is an account or record used to sort, store and summarize a company's transactions. asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and Equipment liability accounts including Notes Payable, Accounts Payable, Accrued Expenses Payable, and Customer Deposits stockholders' equity accounts such as Common Stock, Retained Earnings, Treasury Stock, and Accumulated Other Comprehensive Income What is equity? - answers>>Equity can indicate an ownership interest in a business, such as stockholders' equity or owner's equity. Equity can mean an owner's interest in a personal asset. For example, the owner of a $200,000 house that has a mortgage loan of $75,000 is said to have $125,000 of equity in the house. what is equity? - answers>>it indicates an ownership interest in a business What is included in cash and cash equivalents? - answers>>In accounting, a company's cash includes the following: currency and coins checks received from customers but not yet deposited checking accounts petty cash Cash equivalents are short-term, highly liquid investments with a maturity date that was 3 months or less at the time of purchase. money market accounts U.S. Treasury Bills commercial paper what is meant by reconciling an account? - answers>>it is likely to mean proving or documenting that an account balance is correct What is meant by reconciling an account? - answers>>Reconciling an account is likely to mean proving or documenting that an account balance is correct. What is owner's equity? - answers>>Owner's equity is one of the three main sections of a sole proprietorship's balance sheet and one of the components of the accounting equation: Assets = Liabilities + Owner's Equity.
When a person manipulates information so that it will be received more favorable, he/she is __________. - answers>>filtering information When directors on a board serve for a fixed term but are not elected all at once it is known as a _________ board - answers>>staggered When the costs of supplies increase in an industry, the low cost leader_____ - answers>>is the only firm able to pay the higher prices and continue to earn average or above average returns When the costs of supplies increase in an industry, the low-cost leader - answers>>be the only firm able to pay the higher prices and continue to earn average or above- average returns. Which of the following are least likely to result in collusion? - answers>>Heterogeneous products Which of the following best describes quid pro quo sex discrimination? - answers>>Selective or partial treatment offered to an employee or a group of employees based on their gender Which of the following best describes the term corporate culture? - answers>>A set of values, beliefs, goals, norms, and ways of solving problems that the public shares Which of the following elements constitutes an affirmative defense by an employer whose employee has suffered sexual harassment at the work place? - answers>>The employer had no knowledge about the sexual harassment faced by the plaintiff- employee until a court notice was served on the employer. Which of the following is a category or element of the balance sheet? - answers>>Liabilities which of the following is NOT a purpose of a marketing plan? - answers>>it explains how marketing activities mesh with other functional areas Which of the following IS NOT a purpose of a marketing plan? - answers>>It explains how marketing activities mesh with other functional areas Which of the following is not a shortcoming of using manager judgment for forecasting availability? - answers>>Managers are always overall aggressive in estimating hiring requirements Which of the following is NOT a strategic alternative to laying off employees? - answers>>Lowering Employment Standards
which of the following is not considered an extrinsic motivator in Herzberg's two-factor theory - answers>>work itself which of the following is not one of the process motivation theories? - answers>>acquired needs theory Which of the following is NOT one of the process motivation theories? - answers>>Acquired needs theory which of the following is not one of W. Edwards Deming's 14 points? - answers>>the only performance standard is zero defects Which of the following is not one of W. Edwards Deming's 14 points? - answers>>The only performance standard is Zero Defects Which of the following is true of an S corporation? - answers>>It cannot have more than one hundred shareholders Which of the following is true of employment discrimination defined under Title VII? - answers>>Disparate impact discrimination may occur when an employer adopts a work rule that is neutral on its face but is shown to cause an adverse impact on a protected class Which of the following is true of sex discrimination? - answers>>Employment discrimination because of pregnancy is sex discrimination Which of the following statements about contingent employment is true? - answers>>Rehiring former or laid-off employees as contingent workers is an effective method of recruiting Which of the following statements about recruitment activities is true? - answers>>Effective recruitment attracts individuals to the organization Which of the following statements is CORRECT? - answers>>Free cash flow (FCF) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. Which of the following statements is CORRECT? - answers>>Free cash flow (FCF) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. Which of the following statements is true of disparate treatment and disparate impact? - answers>>For there to be discrimination under disparate treatment, there has to be intentional discrimination.
