Management Notes

Reference Notes for Management

Firms Can Measure The Success Of A New Product By All Of The Following Factors Except

Firms Can Measure The Success Of A New Product By All Of The Following Factors Except

Firms Can Measure The Success Of A New Product By All Of The Following Factors Except

 Options:

A. satisfaction of its technical requirements.
B. fewer competitors in the market.
C. satisfactory sales and profits.
D. customer acceptance.
E. satisfactory performance.

The Correct Answer Is:

B. fewer competitors in the market.

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Innovators Are A Critical Group Of New Product Adopters Because They

Innovators Are A Critical Group Of New Product Adopters Because They

Innovators Are A Critical Group Of New Product Adopters Because They

 Options:

A. are the major source of innovation.
B. act as reverse engineering consultants.
C. help with test marketing.
D. help the product gain market acceptance.
E. extend the product life cycle.

The Correct Answer Is:

D. help the product gain market acceptance.

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Which of these is the Purpose of Recruitment ?

Which of these is the Purpose of Recruitment ?

Which of these is the Purpose of Recruitment ?

 Options:

A) Make sure that there is match between cost and benefit
B) Help increase the success rate of the selection process by reducing the number of visibly underqualified or over qualified job applicants.
C) Help the firm create more culturally diverse work – force
D) None of the above

The Correct Answer Is:

B) Help increase the success rate of the selection process by reducing the number of visibly underqualified or over qualified job applicants.

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Concerning import tariffs of the United States empirical studies tend to conclude that these tariffs are

Concerning import tariffs of the United States empirical studies tend to conclude that these tariffs are

Concerning import tariffs of the United States empirical studies tend to conclude that these tariffs are

 Options:

a. progressive and thus bear down on the wealthy
b. regressive and thus bear down on the poor
c. proportional and thus bear down on all consumers in the same manner
d. deflationary and thus result in reductions in the price of imports

The Correct Answer Is:

b. regressive and thus bear down on the poor

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A product will be traded only if the pretrade price difference between the two countries

A product will be traded only if the pretrade price difference between the two countries

A product will be traded only if the pretrade price difference between the two countries

 Options:

a. is less than the cost of transporting it between them
b. is greater than the cost of transporting it between them
c. equals the cost of transporting it between them
d. more information is needed to answer this question

The Correct Answer Is:

b. is greater than the cost of transporting it between them

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Differences in environmental standards or other government regulations among nations

Differences in environmental standards or other government regulations among nations

Differences in environmental standards or other government regulations among nations

 Options:

a. have no impact on patterns of international trade
b. have tended to make U.S. steel companies more competitive internationally
c. can affect production costs and thus alter comparative advantages and trade patterns
d. have been eliminated by the nations participating in NAFTA

The Correct Answer Is:

c. can affect production costs and thus alter comparative advantages and trade patterns

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According to the _______ the export of the product that embodies large amounts of the relatively cheap abundant resource results in an increase in its price and income; at the same time the price and income of the resource used intensively in the import-competing product decreases as its demand falls.

According to the _______ the export of the product that embodies large amounts of the relatively cheap abundant resource results in an increase in its price and income; at the same time the price and income of the resource used intensively in the import-competing product decreases as its demand falls.

According to the _______ the export of the product that embodies large amounts of the relatively cheap abundant resource results in an increase in its price and income; at the same time the price and income of the resource used intensively in the import-competing product decreases as its demand falls.

 Options:

a. Ricardian equivalence theorem
b. Smithian equivalence theorem
c. Stolpher-Samuelson theorem
d. Bernanke-Greenspan theorem

The Correct Answer Is:

c. Stolpher-Samuelson theorem

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MacDougall showed in his tests that

MacDougall showed in his tests that

MacDougall showed in his tests that

 Options:

a. relatively higher U.S. labor productivity was associated with relatively higher U.K. export ratios
b. relatively higher U.K. labor productivity was associated with relatively higher U.K. export ratios
c. labor productivity ratios and export ratios were not associated with each other.
d. none of the above

The Correct Answer Is:

b. relatively higher U.K. labor productivity was associated with relatively higher U.K. export ratios

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The longest lasting trade agreement with the objective of liberalizing trade by eliminating or reducing tariffs subsidies and quotas is:

The longest lasting trade agreement with the objective of liberalizing trade by eliminating or reducing tariffs subsidies and quotas is:

The longest lasting trade agreement with the objective of liberalizing trade by eliminating or reducing tariffs subsidies and quotas is:

 Options:

A. Free trade area – FTA
B. European community – EC
C. General agreement on tariffs and trade – GATT
D. The North American free trade agreement – NAFTA

The Correct Answer Is:

C. General agreement on tariffs and trade – GATT

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Members of distribution channels are excellent sources for new ideas because:

Members of distribution channels are excellent sources for new ideas because:

Members of distribution channels are excellent sources for new ideas because:

 Options:

A. They are familiar with the needs of the market
B. They earn a handsome profit from new business
C. They do not bother if entrepreneur bears a loss
D. They have well-developed sales force

The Correct Answer Is:

A. They are familiar with the needs of the market

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In case of sales return the auditor should examine which documents?

In case of sales return the auditor should examine which documents?

In case of sales return the auditor should examine which documents?

 Options:

a) Credit notes, advice notes and inward return notes
b) Debit notes, advice notes and inward return notes
c) Purchase invoices, advice notes and inward return notes
d) Credit notes, inspection report and inward return notes

The Correct Answer Is:

d) Credit notes, inspection report and inward return notes

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The date on auditor’s report should not be__

The date on auditor’s report should not be__

The date on auditor’s report should not be__

 Options:

a) the data of AGM
b) later than the date on which the accounts are approved in board’s meeting
c) earlier than the date on which the accounts are approved by the management
d) Both (a) and (b)

The Correct Answer Is:

c) earlier than the date on which the accounts are approved by the management

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