Management Notes

Reference Notes for Management

A Product Is __________ That Can Be Offered Through A Voluntary Marketing Exchange.

A Product Is __________ That Can Be Offered Through A Voluntary Marketing Exchange.

A Product Is __________ That Can Be Offered Through A Voluntary Marketing Exchange.

 Options:

A. the combination of a firm’s marketing mix
B. the brand associations
C. the category depth
D. a tangible item
E. anything of value to consumers

The Correct Answer Is:

E. anything of value to consumers

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Jackson is experiencing stereotype threat. research indicates its effects can be reduced by:

Jackson is experiencing stereotype threat. research indicates its effects can be reduced by:

Jackson is experiencing stereotype threat. research indicates its effects can be reduced by:

 Options:

A. convincing Jackson that his achievement depends on hard work
B. raising Jackson’s self-esteem through positive feedback
C. showing Jackson that other groups perform worse
D. giving Jackson additional tutoring in materials he finds challenging

The Correct Answer Is:

A. convincing Jackson that his achievement depends on hard work

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A tariff-rate quota

A tariff-rate quota

A tariff-rate quota

 Options:

a. is a limit on the number of tariffs that a country can place on imports
b. uses a single tariff along with import quotas to restrict imports
c. is designed to avoid the price increases caused by simple tariffs
d. is a two-tier tariff system intended to restrict imports

The Correct Answer Is:

d. is a two-tier tariff system intended to restrict imports One

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During periods of growing domestic demand an import quota

During periods of growing domestic demand an import quota

During periods of growing domestic demand an import quota

 Options:

a. is less restrictive on a country’s imports than a tariff
b. is more restrictive on a country’s imports than a tariff
c. has the same restrictive effect on a country’s imports as a tariff
d. will always generate increased tax revenue for the government

The Correct Answer Is:

b. is more restrictive on a country’s imports than a tariff

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International trade is based on the notion that:

International trade is based on the notion that:

International trade is based on the notion that:

 Options:

a. Different currencies are an obstacle to international trade
b. Goods are more mobile internationally than are resources
c. Resources are more mobile internationally that are goods
d. A country’s exports should always exceeds its imports

The Correct Answer Is:

b. Goods are more mobile internationally than are resources

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If Hong Kong and Taiwan have identical production possibilities curves that are subject to increasing opportunity costs:

If Hong Kong and Taiwan have identical production possibilities curves that are subject to increasing opportunity costs:

If Hong Kong and Taiwan have identical production possibilities curves that are subject to increasing opportunity costs:

 Options:

a. Trade would depend on differences in demand conditions
b. Trade would depend on economies of large-scale production
c. Trade would depend on the use of different currencies
d. There would be no basis for gainful trade

The Correct Answer Is:

a. Trade would depend on differences in demand conditions

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Entrepreneurship can best be described as ______________.

Entrepreneurship can best be described as ______________.

Entrepreneurship can best be described as ______________.

 Options:

A. a process that requires setting up a business.
B. taking a significant risk in a business context.
C. having a strong vision.
D. a process involving innovation, new products or services, and value creation.

The Correct Answer Is:

D. a process involving innovation, new products or services, and value creation.

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The former USSR received technology and syrup from Pepsi and provided it with Soviet vodka and rights to distribute it in the US. This is an example of:

The former USSR received technology and syrup from Pepsi and provided it with Soviet vodka and rights to distribute it in the US. This is an example of:

The former USSR received technology and syrup from Pepsi and provided it with Soviet vodka and rights to distribute it in the US. This is an example of:

 Options:

A. Economic development
B. Balance of payment
C. Barter system
D. International trade

The Correct Answer Is:

C. Barter system

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A new venture’s business plan is important because ______.

A new venture's business plan is important because ______.

A new venture’s business plan is important because ______.

 Options:

A. It helps to persuade others to commit funding to the venture.
B. Can help demonstrate the viability of the venture.
C. Provides a guide for business activities by defining objectives.
D. All the above.

The Correct Answer Is:

C. Provides a guide for business activities by defining objectives.

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Entrepreneurship can best be described as _________.

Entrepreneurship can best be described as _________.

Entrepreneurship can best be described as _________.

 Options:

A. a process that requires setting up a business.
B. taking a significant risk in a business context.
C. having a strong vision.
D. a process involving innovation, new products or services, and value creation.

The Correct Answer Is:

D. a process involving innovation, new products or services, and value creation.

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Which of these statements best describes the context for entrepreneurship?

Which of these statements best describes the context for entrepreneurship?

Which of these statements best describes the context for entrepreneurship?

 Options:

A. Entrepreneurship takes place in small businesses.
B. Entrepreneurship takes place in large businesses.
C. Entrepreneurship takes place in a wide variety of contexts.
D. Entrepreneurship does not take place in social enterprises.

The Correct Answer Is:

C. Entrepreneurship takes place in a wide variety of contexts.

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Which of following will not affect audit in a CIS environment?

Which of following will not affect audit in a CIS environment?

Which of following will not affect audit in a CIS environment?

 Options:

a) The objective of expression of opinion on financial statements
b) Compliance procedures adopted by the auditor
c) Performance of substantive procedures
d) Evaluation of inherent risk and control risk

The Correct Answer Is:

a) The objective of expression of opinion on financial statements

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