Management Notes

Reference Notes for Management

Commercial Research Firms Like Nielsen And J. D. Power And Associates Are Sources Of

Commercial Research Firms Like Nielsen And J. D. Power And Associates Are Sources Of

Commercial Research Firms Like Nielsen And J. D. Power And Associates Are Sources Of

 Options:

A. primary data.
B. internal secondary data.
C. data mining.
D. syndicated data.
E. public data.

The Correct Answer Is:

D. syndicated data.

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International dumping may involve

International dumping may involve

International dumping may involve

 Options:

a. selling goods to foreigners at a price below that charged domestic consumers
b. selling goods to foreigners at a price below the cost of production
c. antidumping duties being levied on the imported, dumped goods
d. all of the above

The Correct Answer Is:

d. all of the above

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Import quotas tend to result in all of the following except:

Import quotas tend to result in all of the following except

Import quotas tend to result in all of the following except:

 Options:

a. domestic producers of the imported good being harmed
b. domestic consumers of the imported good being harmed
c. prices increasing in the importing country
d. prices falling in the exporting country

The Correct Answer Is:

a. domestic producers of the imported good being harmed

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For advanced countries such as the United States tariffs on imported raw materials tend to be

For advanced countries such as the United States tariffs on imported raw materials tend to be

For advanced countries such as the United States tariffs on imported raw materials tend to be

 Options:

a. equal to tariffs on imported manufactured goods
b. lower than tariffs on imported manufactured goods
c. higher than tariffs on imported manufactured goods
d. the highest of all tariffs

The Correct Answer Is:

b. lower than tariffs on imported manufactured goods

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In his empirical test of comparative advantage Wassily Leontief found that

In his empirical test of comparative advantage Wassily Leontief found that

In his empirical test of comparative advantage Wassily Leontief found that

 Options:

a. U.S. exports are capital intensive relative to U.S. imports
b. U.S. imports are labor intensive relative to U.S. exports
c. U.S. exports are neither labor nor capital intensive
d. none of the above

The Correct Answer Is:

d. none of the above

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Should international transportation costs decrease the effect on international trade would include a(an):

Should international transportation costs decrease the effect on international trade would include a(an):

Should international transportation costs decrease the effect on international trade would include a(an):

 Options:

a. Increase in the volume of trade
b. Smaller gain from trade
c. Decline in the income of home producers.
d. Decrease in the level of specialization in production.

The Correct Answer Is:

a. Increase in the volume of trade

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The movement to free international trade is most likely to generate short-term unemployment in which industries:

The movement to free international trade is most likely to generate short-term unemployment in which industries:

The movement to free international trade is most likely to generate short-term unemployment in which industries:

 Options:

a. Industries in which there are neither imports nor exports
b. Import-competing industries.
c. Industries that sell to domestic and foreign buyers
d. Industries that sell to only foreign buyers

The Correct Answer Is:

b. Import-competing industries.

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International trade in goods and services is sometimes used as a substitute for all of the following except:

International trade in goods and services is sometimes used as a substitute for all of the following except:

International trade in goods and services is sometimes used as a substitute for all of the following except:

 Options:

a. International movements of capital.
b. International movements of labor.
c. International movements of technology
d. Domestic production of different goods and services

The Correct Answer Is:

d. Domestic production of different goods and services

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Which of the following is a characteristic typical of ______________? Most entrepreneurs

Which of the following is a characteristic typical of ______________? Most entrepreneurs

Which of the following is a characteristic typical of ______________? Most entrepreneurs

 Options:

A. Choose high risk ventures.
B. Choose low risk ventures.
C. Choose moderate (or calculated) risk ventures.
D. Choose no risk ventures.

The Correct Answer Is:

C. Choose moderate (or calculated) risk ventures.

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An entrepreneur into the hosiery business found out the reason his hosiery was not selling was due to its color. What could be the best source of this information?

An entrepreneur into the hosiery business found out the reason his hosiery was not selling was due to its color. What could be the best source of this information?

An entrepreneur into the hosiery business found out the reason his hosiery was not selling was due to its color. What could be the best source of this information?

 Options:

A. Supplier
B. Retailer
C. Competition
D. Government bureau

The Correct Answer Is:

B. Retailer

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Which one of the following theory has the attribute of moderate risk taking as a function of skill, not chance?

Which one of the following theory has the attribute of moderate risk taking as a function of skill, not chance?

Which one of the following theory has the attribute of moderate risk taking as a function of skill, not chance?

 Options:

A. Need for independence
B. Need for achievement
C. Need for affiliation
D. Need for authority

The Correct Answer Is:

B. Need for achievement

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Each of the following are ways to identify an opportunity EXCEPT:

Each of the following are ways to identify an opportunity EXCEPT:

Each of the following are ways to identify an opportunity EXCEPT:

 Options:

A. observing trends.
B. solving a problem.
C. trying out alternative uses of existing products.
D. finding gaps in the marketplace.

The Correct Answer Is:

C. trying out alternative uses of existing products.

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