Management question bank Management question bank Question 1. (TCO 1) Which of the following correctly lists all of the basic management functions? (Points : 5)Planning and decision making, organizing, leading, and controllingPlanning, decision making, organizing, and controllingPlanning and decision making, leading, and organizingDecision making, controlling, leading, and coordinatingManaging, leading, directing, staffing, and evaluating2. (TCO 2) The degree to which an organization is impacted by or involved in businesses in other countries refers to its (Points : 5)political/legal dimension.international environment.economic dimension.sociocultural dimension.general environment.3. (TCO 3) Many counties and municipalities across the United States have passed laws requiring no smoking in bars and restaurants. Owners who pressure bartenders and waiters to sell to people who are smoking in order to keep profits high are taking a(n)_____ stance toward social responsibility. (Points : 5)reactiveaccommodativeproactiveobstructionistparticipative4. (TCO 4) Which of the following is usually the first type of international business in which a company gets involved? (Points : 5)Licensing strategyJoint ventureImporting/exporting strategyDirect investmentGlobal sourcing5. (TCO 5) When dealing with the strategic planning for an organization, the _____ is the single most important individual in the planning process. (Points : 5)chief executive officerchief legal counselhead of planning task forcechief financial officervice president of planning6. (TCO 6) Identify the statement that is TRUE when comparing large and small businesses. (Points : 5)Big businesses outnumber small businesses by a wide margin.Tax policies favor medium-sized businesses.Small businesses show consistently lower financial performance than big businesses.Business success creates jobs regardless of size.Small business formations are on the decline, but the rate for big businesses is increasing.7. (TCO 1) What are the functions of a manager? If you had to pick one as being the most important function, which would it be and why? (Points : 10)8. (TCO 2) Explain the differences among mergers, acquisitions, and alliances. (Points : 10)9. (TCO 3) How is an individual’s ethics determined? Explain. (Points : 10)10. (TCO 4) What are the connections between GATT and the WTO? Explain the role of the WTO. (Points : 10)11. (TCO 7) Briefly describe the behavioral model of organizational design. (Points : 10)12. (TCO 4) Identify and describe three different ways that a firm can go global. (Points : 15)13. (TCO 5) What are the differences between strategy formulation and strategy implementation? (Points : 15)14. (TCO 6) Describe three major important roles of entrepreneurship in the American economy. (Points : 15)15. (TCO 7) In what ways are virtual and learning organizations different from the typical organization? (Points : 15)
general business data bank general business data bank Question 101. The behavioral sciences approach is based on which of the following disciplines? a. Anthropology b. Economics c. Psychology d. Sociology e. All of these ANS: 102. Organizational development is one specific set of management techniques based in the ____ approach. a. management science b. systems theory c. behavioral sciences d. scientific management e. quantitative ANS: 103. The management science perspective applies all of the following to managerial problems EXCEPT a. statistics. b. qualitative techniques. c. mathematics. d. quantitative techniques. e. All of these are correct. ANS: 104. The teamwork philosophy is based in part on the assumption that five people working together can produce more than five people working individually. This philosophy is consistent with the concept of a. transformation. b. entropy. c. synergy. d. feedback. e. quality. ANS: 105. In ____ every situation is viewed as unique. a. a universalist view b. a TQM view c. a case view d. a scientific management view e. None of these. ANS: 106. In order to determine how to deal with a problem employee, Sharon evaluated the employee, the problem, and the context in which the problem occurred. She is applying which of the following perspectives? a. Participative view b. Universalist view c. Autonomy view d. Contingency view e. Humanist view ANS: 107. Who of the following is often considered the "father of the quality movement?" a. Weber b. Gilbreth c. Follet d. Deming e. Gehrke ANS: 108. ____ focuses on managing the whole organization to deliver quality to customers. a. Bureaucracy b. Theory Z c. Management-by-objective d. Total quality management e. Organization-customer relationship ANS: 109. Elements of TQM include a. employee detachment. b. focus on profits. c. benchmarking. d. accidental improvement. e. All of these. ANS: C 110. The implementation of small incremental improvements in all areas of the organization on an ongoing basis is referred to as a. benchmarking. b. empowerment. c. systems theory. d. contingency perspective. e. continuous improvement. ANS: 111. Which of the following uses the latest information technology to keep in close touch with customers and to collect and manage large amounts of customer data? a. Supply chain management b. Learing organizations c. Scientific management d. Customer relationship management e. The humanistic approach ANS: 112. An innovation mindset that strives to meet customers’ immediate needs quickly and inexpensively is referred to as: a. Kaizen b. Just-in-time control c. Total quality management d. Jugaad e. XY Theory ANS: 113. Jessica is a recent college graduate who is seeking a job that includes telecommuting, shared jobs, flextime, and organization-sponsored sabbaticals. Based on this information, Jessica most likely belongs to which demographic group? a. Baby Boomer b. Generation X c. Generation Y d. Generation Z e. Tweener ANS: 114. Genex Dynamics is a ballistics company that uses the unity of command, scalar chain, and division of work principles. These are part of which management philosophy? a. Administrative principles approach b. Bureaucratic approach c. Scientific management approach d. Humanistic approach e. Behavioral sciences approach ANS: 115. Matrix Dress Designs operates using the concept of empowerment, where employees act independently and with management facilitating rather than controlling workers. These qualities represent which management approach? a. Administrative principles approach b. Bureacratic approach c. Scientific management approach d. Humanistic approach e. Behavioral sciences approach 116. Georgia, an airline CEO, often looks for patterns of movement within the airline industry, focusing on the qualities of rhythm, flow, direction, shape, and networks of relationships. This type of activity, referred to as ________ thinking, allows Georgia to see the structures that underlie complex situations within the industry and company. a. systems b. qualitative c. quantitative d. conceptual e. contingency ANS: 117. __________ specifies a goal of no more than 3.4 defects per million parts. a. Benchmarking b. Total quality management c. Six sigma d. Balanced scorecard e. Jugaad ANS:
gb590 unit 3 assignment gb590 unit 3 assignment Question Identify two websites relevant to you and your career. These websites can be your company’s website, the website for a company you find interesting, an association that is relevant to your current job or profession, or a website that is relevant to your future planned career. An example of such a website is the American Psychological Association. Review their Code of Conduct and/or any information that provides guidelines on how members are expected to behave. Sometimes the Code of Conduct is a separate document. Other times expected behaviors are within their other materials. Based on the two websites you identified above, review their Code of Conduct and/or any information that provides guidelines on how members should behave, then answer the following questions: 1. How extensive are the codes from the two organizations/associations? 2. Do these codes reflect values? What values? 3. Do these codes reflect laws and policies? How? 4. What kinds of actions do the codes cover? 5. Are there ramifications for violations? How extensive are the ramifications? 6. What influence do you believe these codes of conduct have on the decision-making behavior of their members or employees? Each answer should be a paragraph or two and well written. Include a title page and the questions with answers. Cite and reference as needed. Identify the two organizations you used. Write a brief introduction, answer each question under separate headings, and then write a short conclusion.
general business data bank general business data bank Question 363. Use this information for question that refer to the Centerville Retailers and Wholesalers case. Carol Lamb has lived in Centerville all her life. She owns a retail store that sells hobby and craft supplies. She bought the store after working there for 7 years. Carol has just been asked to head up the Retailers and Wholesaler Group of the Centerville Chamber of Commerce. The most active chamber members in her group are described below: Walden's Leather is part of a regional chain of stores that sells leather goods--mostly men's and women's clothing--with the upscale Walden's brand name. Walden's primarily relies on its own stores where knowledgeable salespeople offer great service. Walden products are also sold, on a limited basis, in some fine department stores. Publisher's Helper is a small business started by Audrey Yang that provides and stocks display racks for paperback books and magazines. Most retailers welcome the service Audrey provides, in part because she does her own research to determine which paperback books and magazines sell best in Centerville. Cuzco's is Centerville's alternative to Walmart. The store sells a wide variety of merchandise. The company used to concentrate its product mix on small appliances--but now Cuzco's carries any product that it can sell profitably. Its low prices stimulate faster turnovers and higher sales volumes. Games Unlimited sells video games. Jamie Carraway, who owns the local store, signed a contract with Games Unlimited and follows strict rules covering her store's operations and the Games Unlimited marketing strategy. She pays that company a fee for promotion it provides as well as commissions on her sales. Johnson's Health and Beauty Supplies sells cosmetics and other health and beauty products to retailers and salons throughout the greater Centerville area. It owns the goods it sells to these retailer customers, and it provides all the wholesaling functions they need. Valu Grocer is an independent grocery store that belongs to an organization sponsored by a large food wholesaler. The fifty stores grocery stores that share the Valu Grocer name are linked by contracts that include basic operating procedures, storefront designs, and joint promotion efforts. Reddy and Sons sells equipment for several different manufacturers of plastic molding in the Centerville area. It earns a commission from each manufacturer on the products it sells for that manufacturer, but it does not take ownership of the equipment it sells nor does it install the equipment. Katrina's Salon started out as a low-status, low-price, low-margin hair salon 15 years ago. After some success, the company moved into a nicer storefront, raised prices, and now operates in the middle of the market. Which of the following terms best describes Publisher's Helper business? A. Rack jobber B. Broker C. Drop shipper D. Selling agent 364. Use this information for question that refer to the Centerville Retailers and Wholesalers case. Carol Lamb has lived in Centerville all her life. She owns a retail store that sells hobby and craft supplies. She bought the store after working there for 7 years. Carol has just been asked to head up the Retailers and Wholesaler Group of the Centerville Chamber of Commerce. The most active chamber members in her group are described below: Walden's Leather is part of a regional chain of stores that sells leather goods--mostly men's and women's clothing--with the upscale Walden's brand name. Walden's primarily relies on its own stores where knowledgeable salespeople offer great service. Walden products are also sold, on a limited basis, in some fine department stores. Publisher's Helper is a small business started by Audrey Yang that provides and stocks display racks for paperback books and magazines. Most retailers welcome the service Audrey provides, in part because she does her own research to determine which paperback books and magazines sell best in Centerville. Cuzco's is Centerville's alternative to Walmart. The store sells a wide variety of merchandise. The company used to concentrate its product mix on small appliances--but now Cuzco's carries any product that it can sell profitably. Its low prices stimulate faster turnovers and higher sales volumes. Games Unlimited sells video games. Jamie Carraway, who owns the local store, signed a contract with Games Unlimited and follows strict rules covering her store's operations and the Games Unlimited marketing strategy. She pays that company a fee for promotion it provides as well as commissions on her sales. Johnson's Health and Beauty Supplies sells cosmetics and other health and beauty products to retailers and salons throughout the greater Centerville area. It owns the goods it sells to these retailer customers, and it provides all the wholesaling functions they need. Valu Grocer is an independent grocery store that belongs to an organization sponsored by a large food wholesaler. The fifty stores grocery stores that share the Valu Grocer name are linked by contracts that include basic operating procedures, storefront designs, and joint promotion efforts. Reddy and Sons sells equipment for several different manufacturers of plastic molding in the Centerville area. It earns a commission from each manufacturer on the products it sells for that manufacturer, but it does not take ownership of the equipment it sells nor does it install the equipment. Katrina's Salon started out as a low-status, low-price, low-margin hair salon 15 years ago. After some success, the company moved into a nicer storefront, raised prices, and now operates in the middle of the market. Which of these businesses is a franchise? A. Reddy and Sons B. Cuzco's C. Publisher's Helper D. Games Unlimited 365. Use this information for question that refer to the Centerville Retailers and Wholesalers case. Carol Lamb has lived in Centerville all her life. She owns a retail store that sells hobby and craft supplies. She bought the store after working there for 7 years. Carol has just been asked to head up the Retailers and Wholesaler Group of the Centerville Chamber of Commerce. The most active chamber members in her group are described below: Walden's Leather is part of a regional chain of stores that sells leather goods--mostly men's and women's clothing--with the upscale Walden's brand name. Walden's primarily relies on its own stores where knowledgeable salespeople offer great service. Walden products are also sold, on a limited basis, in some fine department stores. Publisher's Helper is a small business started by Audrey Yang that provides and stocks display racks for paperback books and magazines. Most retailers welcome the service Audrey provides, in part because she does her own research to determine which paperback books and magazines sell best in Centerville. Cuzco's is Centerville's alternative to Walmart. The store sells a wide variety of merchandise. The company used to concentrate its product mix on small appliances--but now Cuzco's carries any product that it can sell profitably. Its low prices stimulate faster turnovers and higher sales volumes. Games Unlimited sells video games. Jamie Carraway, who owns the local store, signed a contract with Games Unlimited and follows strict rules covering her store's operations and the Games Unlimited marketing strategy. She pays that company a fee for promotion it provides as well as commissions on her sales. Johnson's Health and Beauty Supplies sells cosmetics and other health and beauty products to retailers and salons throughout the greater Centerville area. It owns the goods it sells to these retailer customers, and it provides all the wholesaling functions they need. Valu Grocer is an independent grocery store that belongs to an organization sponsored by a large food wholesaler. The fifty stores grocery stores that share the Valu Grocer name are linked by contracts that include basic operating procedures, storefront designs, and joint promotion efforts. Reddy and Sons sells equipment for several different manufacturers of plastic molding in the Centerville area. It earns a commission from each manufacturer on the products it sells for that manufacturer, but it does not take ownership of the equipment it sells nor does it install the equipment. Katrina's Salon started out as a low-status, low-price, low-margin hair salon 15 years ago. After some success, the company moved into a nicer storefront, raised prices, and now operates in the middle of the market. Which of these businesses is a voluntary chain? A. Games Unlimited B. Valu Grocer C. Walden's Leather D. Katrina's Salon 366. Use this information for question that refer to the Centerville Retailers and Wholesalers case. Carol Lamb has lived in Centerville all her life. She owns a retail store that sells hobby and craft supplies. She bought the store after working there for 7 years. Carol has just been asked to head up the Retailers and Wholesaler Group of the Centerville Chamber of Commerce. The most active chamber members in her group are described below: Walden's Leather is part of a regional chain of stores that sells leather goods--mostly men's and women's clothing--with the upscale Walden's brand name. Walden's primarily relies on its own stores where knowledgeable salespeople offer great service. Walden products are also sold, on a limited basis, in some fine department stores. Publisher's Helper is a small business started by Audrey Yang that provides and stocks display racks for paperback books and magazines. Most retailers welcome the service Audrey provides, in part because she does her own research to determine which paperback books and magazines sell best in Centerville. Cuzco's is Centerville's alternative to Walmart. The store sells a wide variety of merchandise. The company used to concentrate its product mix on small appliances--but now Cuzco's carries any product that it can sell profitably. Its low prices stimulate faster turnovers and higher sales volumes. Games Unlimited sells video games. Jamie Carraway, who owns the local store, signed a contract with Games Unlimited and follows strict rules covering her store's operations and the Games Unlimited marketing strategy. She pays that company a fee for promotion it provides as well as commissions on her sales. Johnson's Health and Beauty Supplies sells cosmetics and other health and beauty products to retailers and salons throughout the greater Centerville area. It owns the goods it sells to these retailer customers, and it provides all the wholesaling functions they need. Valu Grocer is an independent grocery store that belongs to an organization sponsored by a large food wholesaler. The fifty stores grocery stores that share the Valu Grocer name are linked by contracts that include basic operating procedures, storefront designs, and joint promotion efforts. Reddy and Sons sells equipment for several different manufacturers of plastic molding in the Centerville area. It earns a commission from each manufacturer on the products it sells for that manufacturer, but it does not take ownership of the equipment it sells nor does it install the equipment. Katrina's Salon started out as a low-status, low-price, low-margin hair salon 15 years ago. After some success, the company moved into a nicer storefront, raised prices, and now operates in the middle of the market. Which of these business uses scrambled merchandising as a big part of its strategy? A. Katrina's Salon B. Johnson's Health and Beauty Supplies C. Cuzco's D. Publisher's Helper 367. Use this information for question that refer to the Centerville Retailers and Wholesalers case. Carol Lamb has lived in Centerville all her life. She owns a retail store that sells hobby and craft supplies. She bought the store after working there for 7 years. Carol has just been asked to head up the Retailers and Wholesaler Group of the Centerville Chamber of Commerce. The most active chamber members in her group are described below: Walden's Leather is part of a regional chain of stores that sells leather goods--mostly men's and women's clothing--with the upscale Walden's brand name. Walden's primarily relies on its own stores where knowledgeable salespeople offer great service. Walden products are also sold, on a limited basis, in some fine department stores. Publisher's Helper is a small business started by Audrey Yang that provides and stocks display racks for paperback books and magazines. Most retailers welcome the service Audrey provides, in part because she does her own research to determine which paperback books and magazines sell best in Centerville. Cuzco's is Centerville's alternative to Walmart. The store sells a wide variety of merchandise. The company used to concentrate its product mix on small appliances--but now Cuzco's carries any product that it can sell profitably. Its low prices stimulate faster turnovers and higher sales volumes. Games Unlimited sells video games. Jamie Carraway, who owns the local store, signed a contract with Games Unlimited and follows strict rules covering her store's operations and the Games Unlimited marketing strategy. She pays that company a fee for promotion it provides as well as commissions on her sales. Johnson's Health and Beauty Supplies sells cosmetics and other health and beauty products to retailers and salons throughout the greater Centerville area. It owns the goods it sells to these retailer customers, and it provides all the wholesaling functions they need. Valu Grocer is an independent grocery store that belongs to an organization sponsored by a large food wholesaler. The fifty stores grocery stores that share the Valu Grocer name are linked by contracts that include basic operating procedures, storefront designs, and joint promotion efforts. Reddy and Sons sells equipment for several different manufacturers of plastic molding in the Centerville area. It earns a commission from each manufacturer on the products it sells for that manufacturer, but it does not take ownership of the equipment it sells nor does it install the equipment. Katrina's Salon started out as a low-status, low-price, low-margin hair salon 15 years ago. After some success, the company moved into a nicer storefront, raised prices, and now operates in the middle of the market. Which of these businesses has followed the wheel of retailing theory? A. Games Unlimited B. Katrina's Salon C. Walden's Leather D. Valu Grocer 368. Use this information for question that refer to the Centerville Retailers and Wholesalers case. Carol Lamb has lived in Centerville all her life. She owns a retail store that sells hobby and craft supplies. She bought the store after working there for 7 years. Carol has just been asked to head up the Retailers and Wholesaler Group of the Centerville Chamber of Commerce. The most active chamber members in her group are described below: Walden's Leather is part of a regional chain of stores that sells leather goods--mostly men's and women's clothing--with the upscale Walden's brand name. Walden's primarily relies on its own stores where knowledgeable salespeople offer great service. Walden products are also sold, on a limited basis, in some fine department stores. Publisher's Helper is a small business started by Audrey Yang that provides and stocks display racks for paperback books and magazines. Most retailers welcome the service Audrey provides, in part because she does her own research to determine which paperback books and magazines sell best in Centerville. Cuzco's is Centerville's alternative to Walmart. The store sells a wide variety of merchandise. The company used to concentrate its product mix on small appliances--but now Cuzco's carries any product that it can sell profitably. Its low prices stimulate faster turnovers and higher sales volumes. Games Unlimited sells video games. Jamie Carraway, who owns the local store, signed a contract with Games Unlimited and follows strict rules covering her store's operations and the Games Unlimited marketing strategy. She pays that company a fee for promotion it provides as well as commissions on her sales. Johnson's Health and Beauty Supplies sells cosmetics and other health and beauty products to retailers and salons throughout the greater Centerville area. It owns the goods it sells to these retailer customers, and it provides all the wholesaling functions they need. Valu Grocer is an independent grocery store that belongs to an organization sponsored by a large food wholesaler. The fifty stores grocery stores that share the Valu Grocer name are linked by contracts that include basic operating procedures, storefront designs, and joint promotion efforts. Reddy and Sons sells equipment for several different manufacturers of plastic molding in the Centerville area. It earns a commission from each manufacturer on the products it sells for that manufacturer, but it does not take ownership of the equipment it sells nor does it install the equipment. Katrina's Salon started out as a low-status, low-price, low-margin hair salon 15 years ago. After some success, the company moved into a nicer storefront, raised prices, and now operates in the middle of the market. Which of these businesses would be classified as a specialty shop? A. Walden's Leather B. Cuzco's C. Publisher's Helper D. Valu Grocer 369. Use this information for question that refer to the Centerville Retailers and Wholesalers case. Carol Lamb has lived in Centerville all her life. She owns a retail store that sells hobby and craft supplies. She bought the store after working there for 7 years. Carol has just been asked to head up the Retailers and Wholesaler Group of the Centerville Chamber of Commerce. The most active chamber members in her group are described below: Walden's Leather is part of a regional chain of stores that sells leather goods--mostly men's and women's clothing--with the upscale Walden's brand name. Walden's primarily relies on its own stores where knowledgeable salespeople offer great service. Walden products are also sold, on a limited basis, in some fine department stores. Publisher's Helper is a small business started by Audrey Yang that provides and stocks display racks for paperback books and magazines. Most retailers welcome the service Audrey provides, in part because she does her own research to determine which paperback books and magazines sell best in Centerville. Cuzco's is Centerville's alternative to Walmart. The store sells a wide variety of merchandise. The company used to concentrate its product mix on small appliances--but now Cuzco's carries any product that it can sell profitably. Its low prices stimulate faster turnovers and higher sales volumes. Games Unlimited sells video games. Jamie Carraway, who owns the local store, signed a contract with Games Unlimited and follows strict rules covering her store's operations and the Games Unlimited marketing strategy. She pays that company a fee for promotion it provides as well as commissions on her sales. Johnson's Health and Beauty Supplies sells cosmetics and other health and beauty products to retailers and salons throughout the greater Centerville area. It owns the goods it sells to these retailer customers, and it provides all the wholesaling functions they need. Valu Grocer is an independent grocery store that belongs to an organization sponsored by a large food wholesaler. The fifty stores grocery stores that share the Valu Grocer name are linked by contracts that include basic operating procedures, storefront designs, and joint promotion efforts. Reddy and Sons sells equipment for several different manufacturers of plastic molding in the Centerville area. It earns a commission from each manufacturer on the products it sells for that manufacturer, but it does not take ownership of the equipment it sells nor does it install the equipment. Katrina's Salon started out as a low-status, low-price, low-margin hair salon 15 years ago. After some success, the company moved into a nicer storefront, raised prices, and now operates in the middle of the market. Which of these businesses relies on the mass-merchandising concept? A. Publisher's Helper B. Cuzco's C. Walden's Leather D. Reddy and Sons 370. Use this information for question that refer to the Centerville Retailers and Wholesalers case. Carol Lamb has lived in Centerville all her life. She owns a retail store that sells hobby and craft supplies. She bought the store after working there for 7 years. Carol has just been asked to head up the Retailers and Wholesaler Group of the Centerville Chamber of Commerce. The most active chamber members in her group are described below: Walden's Leather is part of a regional chain of stores that sells leather goods--mostly men's and women's clothing--with the upscale Walden's brand name. Walden's primarily relies on its own stores where knowledgeable salespeople offer great service. Walden products are also sold, on a limited basis, in some fine department stores. Publisher's Helper is a small business started by Audrey Yang that provides and stocks display racks for paperback books and magazines. Most retailers welcome the service Audrey provides, in part because she does her own research to determine which paperback books and magazines sell best in Centerville. Cuzco's is Centerville's alternative to Walmart. The store sells a wide variety of merchandise. The company used to concentrate its product mix on small appliances--but now Cuzco's carries any product that it can sell profitably. Its low prices stimulate faster turnovers and higher sales volumes. Games Unlimited sells video games. Jamie Carraway, who owns the local store, signed a contract with Games Unlimited and follows strict rules covering her store's operations and the Games Unlimited marketing strategy. She pays that company a fee for promotion it provides as well as commissions on her sales. Johnson's Health and Beauty Supplies sells cosmetics and other health and beauty products to retailers and salons throughout the greater Centerville area. It owns the goods it sells to these retailer customers, and it provides all the wholesaling functions they need. Valu Grocer is an independent grocery store that belongs to an organization sponsored by a large food wholesaler. The fifty stores grocery stores that share the Valu Grocer name are linked by contracts that include basic operating procedures, storefront designs, and joint promotion efforts. Reddy and Sons sells equipment for several different manufacturers of plastic molding in the Centerville area. It earns a commission from each manufacturer on the products it sells for that manufacturer, but it does not take ownership of the equipment it sells nor does it install the equipment. Katrina's Salon started out as a low-status, low-price, low-margin hair salon 15 years ago. After some success, the company moved into a nicer storefront, raised prices, and now operates in the middle of the market. Which of these businesses best fits the definition of a limited-line store? A. Johnson's Health and Beauty Supplies B. Valu Grocer C. Cuzco's D. Walden's Leather 371. Use this information for question that refer to the Centerville Retailers and Wholesalers case. Carol Lamb has lived in Centerville all her life. She owns a retail store that sells hobby and craft supplies. She bought the store after working there for 7 years. Carol has just been asked to head up the Retailers and Wholesaler Group of the Centerville Chamber of Commerce. The most active chamber members in her group are described below: Walden's Leather is part of a regional chain of stores that sells leather goods--mostly men's and women's clothing--with the upscale Walden's brand name. Walden's primarily relies on its own stores where knowledgeable salespeople offer great service. Walden products are also sold, on a limited basis, in some fine department stores. Publisher's Helper is a small business started by Audrey Yang that provides and stocks display racks for paperback books and magazines. Most retailers welcome the service Audrey provides, in part because she does her own research to determine which paperback books and magazines sell best in Centerville. Cuzco's is Centerville's alternative to Walmart. The store sells a wide variety of merchandise. The company used to concentrate its product mix on small appliances--but now Cuzco's carries any product that it can sell profitably. Its low prices stimulate faster turnovers and higher sales volumes. Games Unlimited sells video games. Jamie Carraway, who owns the local store, signed a contract with Games Unlimited and follows strict rules covering her store's operations and the Games Unlimited marketing strategy. She pays that company a fee for promotion it provides as well as commissions on her sales. Johnson's Health and Beauty Supplies sells cosmetics and other health and beauty products to retailers and salons throughout the greater Centerville area. It owns the goods it sells to these retailer customers, and it provides all the wholesaling functions they need. Valu Grocer is an independent grocery store that belongs to an organization sponsored by a large food wholesaler. The fifty stores grocery stores that share the Valu Grocer name are linked by contracts that include basic operating procedures, storefront designs, and joint promotion efforts. Reddy and Sons sells equipment for several different manufacturers of plastic molding in the Centerville area. It earns a commission from each manufacturer on the products it sells for that manufacturer, but it does not take ownership of the equipment it sells nor does it install the equipment. Katrina's Salon started out as a low-status, low-price, low-margin hair salon 15 years ago. After some success, the company moved into a nicer storefront, raised prices, and now operates in the middle of the market. ___________ would be classified as an agent wholesaler. A. Reddy and Sons B. Publisher's Helper C. Johnson's Health and Beauty Supplies D. Valu Grocer E. None of these businesses would be classified as an agent wholesaler. 372. Use this information for question that refer to the Centerville Retailers and Wholesalers case. Carol Lamb has lived in Centerville all her life. She owns a retail store that sells hobby and craft supplies. She bought the store after working there for 7 years. Carol has just been asked to head up the Retailers and Wholesaler Group of the Centerville Chamber of Commerce. The most active chamber members in her group are described below: Walden's Leather is part of a regional chain of stores that sells leather goods--mostly men's and women's clothing--with the upscale Walden's brand name. Walden's primarily relies on its own stores where knowledgeable salespeople offer great service. Walden products are also sold, on a limited basis, in some fine department stores. Publisher's Helper is a small business started by Audrey Yang that provides and stocks display racks for paperback books and magazines. Most retailers welcome the service Audrey provides, in part because she does her own research to determine which paperback books and magazines sell best in Centerville. Cuzco's is Centerville's alternative to Walmart. The store sells a wide variety of merchandise. The company used to concentrate its product mix on small appliances--but now Cuzco's carries any product that it can sell profitably. Its low prices stimulate faster turnovers and higher sales volumes. Games Unlimited sells video games. Jamie Carraway, who owns the local store, signed a contract with Games Unlimited and follows strict rules covering her store's operations and the Games Unlimited marketing strategy. She pays that company a fee for promotion it provides as well as commissions on her sales. Johnson's Health and Beauty Supplies sells cosmetics and other health and beauty products to retailers and salons throughout the greater Centerville area. It owns the goods it sells to these retailer customers, and it provides all the wholesaling functions they need. Valu Grocer is an independent grocery store that belongs to an organization sponsored by a large food wholesaler. The fifty stores grocery stores that share the Valu Grocer name are linked by contracts that include basic operating procedures, storefront designs, and joint promotion efforts. Reddy and Sons sells equipment for several different manufacturers of plastic molding in the Centerville area. It earns a commission from each manufacturer on the products it sells for that manufacturer, but it does not take ownership of the equipment it sells nor does it install the equipment. Katrina's Salon started out as a low-status, low-price, low-margin hair salon 15 years ago. After some success, the company moved into a nicer storefront, raised prices, and now operates in the middle of the market. Which of these businesses best fits the definition of a limited-function merchant wholesaler? A. Games Unlimited B. Publisher's Helper C. Reddy and Sons D. Valu Grocer E. Cuzco's 373. Use this information for question that refer to the Centerville Retailers and Wholesalers case. Carol Lamb has lived in Centerville all her life. She owns a retail store that sells hobby and craft supplies. She bought the store after working there for 7 years. Carol has just been asked to head up the Retailers and Wholesaler Group of the Centerville Chamber of Commerce. The most active chamber members in her group are described below: Walden's Leather is part of a regional chain of stores that sells leather goods--mostly men's and women's clothing--with the upscale Walden's brand name. Walden's primarily relies on its own stores where knowledgeable salespeople offer great service. Walden products are also sold, on a limited basis, in some fine department stores. Publisher's Helper is a small business started by Audrey Yang that provides and stocks display racks for paperback books and magazines. Most retailers welcome the service Audrey provides, in part because she does her own research to determine which paperback books and magazines sell best in Centerville. Cuzco's is Centerville's alternative to Walmart. The store sells a wide variety of merchandise. The company used to concentrate its product mix on small appliances--but now Cuzco's carries any product that it can sell profitably. Its low prices stimulate faster turnovers and higher sales volumes. Games Unlimited sells video games. Jamie Carraway, who owns the local store, signed a contract with Games Unlimited and follows strict rules covering her store's operations and the Games Unlimited marketing strategy. She pays that company a fee for promotion it provides as well as commissions on her sales. Johnson's Health and Beauty Supplies sells cosmetics and other health and beauty products to retailers and salons throughout the greater Centerville area. It owns the goods it sells to these retailer customers, and it provides all the wholesaling functions they need. Valu Grocer is an independent grocery store that belongs to an organization sponsored by a large food wholesaler. The fifty stores grocery stores that share the Valu Grocer name are linked by contracts that include basic operating procedures, storefront designs, and joint promotion efforts. Reddy and Sons sells equipment for several different manufacturers of plastic molding in the Centerville area. It earns a commission from each manufacturer on the products it sells for that manufacturer, but it does not take ownership of the equipment it sells nor does it install the equipment. Katrina's Salon started out as a low-status, low-price, low-margin hair salon 15 years ago. After some success, the company moved into a nicer storefront, raised prices, and now operates in the middle of the market. Which of these businesses best fits the definition of a service merchant wholesaler? A. Publisher's Helper B. Valu Grocer C. Reddy and Sons D. Johnson's Health and Beauty Supplies
question_key3_6Dec_4th question_key3_6Dec_4th Question 91. Sometimes business partnerships are formed between traditional rivals competing formarket share in the same product class. These partnerships are known asa) trading companies.b) contract manufacturers.c) joint ventures.d) strategic alliances.e) licenses.92. Nuhitzu believes it has the technological expertise to produce communication systems thatwill be leaders around the globe. Boston Electronics is widely regarded as having excellentmanagement systems and superior marketing programs. To utilize these strengths, the two firmsmight form a(n) ___________ to work together on a worldwide basis.a) licensing agreementb) export trading companyc) joint agreementd) strategic alliancee) multinational enterprise93. Toshiba Electronics is very interested in taking advantage of business opportunities in Indiabut does not have access to India's market. Toshiba has the patent on a low-cost, quality computersystem that could assist small businesses in India. Sony Computer, Toshiba's competitor, isexperienced in India's small business market but does not have a computer comparable to Toshiba's.If Toshiba and Sony work together to utilize these strengths to seize this opportunity in India, whattype of business structure would they likely use?a) Trading companyb) Strategic alliancec) Licensingd) Direct ownershipe) Exporting94. What is the primary distinction between a joint venture and a strategic alliance ininternational marketing?a) Strategic alliances are only formed between companies from well-developed countrieswhereas joint ventures are between companies from economically-diverse countries.b) A joint venture involves only two companies whereas a strategic alliance is formed betweenthree or more companies.c) A strategic alliance is formed by companies who have traditionally been rivals, which is notthe case with a joint venture.d) A joint venture is formed between companies with dissimilar product offerings while astrategic alliance is formed between companies with similar product offerings.e) A joint venture is simply a financial investment in a foreign firm while a strategic allianceinvolves more than just financial support.95. An alliance between Honda and Ford would most likely be classified asa) a strategic alliance.b) a joint venture.c) direct ownership.d) a multinational enterprise.e) contract manufacturing.96. Once a company makes a long-term commitment to a foreign market that has a promisingpolitical and economic environment, which of the following options then emerges as a possibility?a) Exportingb) Joint venturec) Limited exportingd) Direct ownershipe) Licensing97. In relation to international marketing, which of the following best describes directownership?a) A company owns its own manufacturing facilities.b) A company forms an alliance with a similar company in a foreign country.c) Foreign companies contract with manufacturers in other countries.d) A company owns subsidiaries or facilities in foreign countries.e) Two companies from different nations have interests in each other's facilities.98. IKEA, a Swedish retailer of contemporary furniture, operates several stores in variousScandinavian countries, as well as in the United States and Canada. Which of the following describesIKEA's level of commitment to international marketing?a) Licensingb) Direct ownershipc) Exportingd) A trading companye) A joint venture99. Firms that have operations or subsidiaries located in many countries are referred to asa) multinational enterprises.b) strategic alliances.c) joint ventures.d) international marketers.e) export alliances.100. Southern Tier Industries has operations in more than 30 foreign countries. The headquartersin Atlanta controls the entire organization while offering subsidiaries the freedom necessary toachieve success in local markets. Southern Tier Industries is an example of a(n)a) strategic alliance.b) joint venture.c) export-driven corporation.d) multinational enterprise.e) trading company.101. Nestlé Food Company is a Swiss-based company that operates several divisions in the UnitedStates and other countries. This classifies Nestlé as a(n)a) strategic alliance.b) national marketer.c) international proprietorship.d) multinational enterprise.e) limited exporter.102. Japan's Sony Corporation is a prime example of a multinational enterprise. With this in mind,which of the following would most accurately characterize Sony's operations?a) It follows a strategy of market globalization.b) It has operations or subsidiaries in many different countries.c) It places most of its emphasis on profits generated in foreign countries.d) It would not expect its foreign operations to share the same goals as the parent firm.e) It does not concern itself with differences in markets around the world.103. What is the greatest advantage to an organization of having a subsidiary in a foreign nation?a) Avoidance of all U.S. lawsb) Increase in cross-cultural approaches to management that allows subsidiaries to developtheir own identityc) Increased trend toward nationalistic marketing approachesd) Greater amount of standardization of the marketing mixe) Greater amount of security from government nationalization and other anticompetitivemeasures104. A subsidiary in a foreign country generally operates undera) the laws of the parent company's home country.b) foreign management in order to develop a local identity.c) strict management control from the home country's executives.d) the regulations set forth by the International Trade Agreement.e) a team of managers from the distant parent company.105. Exporting, licensing, and using trading companies are preferred modes of internationalmarket entry for firms with a(n) ________ structure.a) international divisionb) internationally integratedc) export departmentd) geographic areae) matrix106. Which of the following centralizes all of the responsibility for international operations?a) Product division structuresb) Export department structuresc) Internationally integrated structuresd) International division structurese) Global matrix structures107. Which of the following is most likely to engage in direct ownership activities internationally?a) Internationally integrated structuresb) International division structuresc) Export department structuresd) Import department structurese) Outsourcing structures108. MTV can now be seen by most of the world’s population. This is an example ofa) globalization.b) customization.c) licensing.d) nationalization.e) regionalization.109. When asked where Laser Tools, Inc., markets its products, company president and founderRoger Helms says that “the world is just one big market.” He feels anyone not taking this stance issystematically passing up profitable business. Helms's international marketing strategy is bestdescribed asa) customization of marketing.b) globalization of marketing.c) limited exporting.d) full-scale international marketing.e) export agenting.110. Organizations that employ standardized products, promotion campaigns, and prices for allmarkets are practicing what is known asa) customization.b) internationalization.c) globalization.d) regionalization.e) nationalization.111. Selling products that are not in demand in all world markets, such as hand-powered washingmachines for use in countries where electricity is not universally available, represents aninternational marketing strategy focusing ona) internationalization.b) culturalization.c) nationalization.d) globalization.e) customization.112. Standardizing many Nike and Adidas shoe models worldwide is an example ofa) globalization.b) customization.c) nationalization.d) culturalization.e) internationalization.113. Levi Strauss markets its denim jeans in many countries and develops its marketing strategyas if the world were a single market. This approach to selling a standardized product in all countriesrepresents which type of international marketing?a) Exportingb) Accidental exportingc) Limited exportingd) Licensinge) Globalization of markets114. Globalization of markets requires developing marketing strategies as if the world were onemarket. Which of the following marketing mix variables is most difficult to standardize forglobalization?a) Brand nameb) Packagec) Media allocationd) Labelse) Product characteristics115. Swiss-based Nestlé has taken a global approach to marketing its chocolate products. Whichof the following is most easily standardized?a) Productb) Promotionc) Distributiond) Advertisinge) Price116. When Smithson Graphics decided to go international with its marketing effort, it adopted aglobal approach. Which factors did SG most likely experience difficulty as the firm applied a globalstrategy for marketing?a) Brandingb) Product characteristicsc) Packagingd) Labelinge) AdvertisingUse the following to answer questions 117-120:Harley-Davidson Motors manufactures all of its motorcycles in the U.S. at one of four sites. Witha large number of its bikes sold in markets all around the world, it still retains the manufacturingclose to the headquarters for several reasons, one being that its management wants to keep closewatch on the quality of its products. However, for all the accessories, apparel, and other riding gear,Harley-Davidson contracts out to other manufacturers to produce the items with the Harley nameand logo. Some of these items, particularly the apparel, are made in China. Lately, some membersof the Harley Owners' Group (HOG) have been complaining to the company about this practice,citing that "everything Harley should be made in America".117. Harley-Davidson's practice of having manufacturers in China produce apparel items with theHarley logo is an example ofa) contract manufacturingb) globalizationc) direct ownershipd) joint venturee) exporting118. One of Harley-Davidson's largest international markets is in Japan, where American brandsare highly sought after. This is an example of _______ impacting the market.a) international forcesb) economic forcesc) domestic forcesd) cultural forcese) environmental forces119. If Harley-Davidson were to suddenly find its inventory building up in Japan, it might reduceinventory by selling the bikes at below cost prices. This practice is known asa) price skimming.b) market penetration.c) dumping.d) differential pricing.e) inventory compensation.120. At what level of involvement in international marketing is Harley-Davidson with regard to itsbikes?a) Full-scaleb) Globalizationc) Joint ventured) Direct ownershipe) ExportingUse the following to answer questions 121-124:KFC opened its first franchised restaurant outside of North America in England in 1964. Now, overa billion KFC chicken dinners are sold annually at more than 80 countries and territories around theworld. KFC has established its own processing plants in these countries to ensure the quality of itschickens and other food items. In the U.S., the menu at KFC is usually the same in all restaurants,with only a very few additional items available in different regions. However, when KFC firstfranchised into Asian countries, it added many unusual local delicacies to the menu -- items such asfried octopus and squid. Additionally, the franchised stores in Asian countries display cooked foodin "plates" near windows at the front of the store. This is a tradition for many restaurants in thesecountries -- to offer the customer passing by a preliminary view of their product.
Conceptions of the Cold War Essay Conceptions of the Cold War Essay Question 2-5 Pages Essay Conceptions of the Cold War Overview As your reading and Discussions point out, one of the biggest issues that citizens and politicians confronted during the 1960s was the Cold War, which might be defined as the geopolitical tensions, and proxy wars fought between the United States and the Soviet Union. Indeed, for anyone who grew up during the 1950s, 60s, or 70s, the Cold War was a household topic everyone seemed to understand. Assignment The purpose of this assignment is to analyze how people understand the Cold War today. For example, what do everyday people today think of when they hear the term “Cold War”? This is what you are going to find out! In this assignment, you will do brief interviews with three people, asking them about their conceptions of the Cold War. Your interviewees can be anyone of your choosing: family members, friends, and so on. Below are some suggested questions that you may want to ask: 1. What words or phrases come to mind when you think of the term Cold War? 2. Did you ever study the Cold War in school? If so, what are some aspects of the Cold War that you remember? 3. Who were the parties involved in the Cold War? 4. Can you name any key events that we mainly associate with the Cold War? Take notes on what each of your respondents say. You will need these notes to refer to later when you do the formal write-up of the assignment. After you have completed the assignment, write up your findings in a brief essay, which addresses the following: 1. Using quotes from your interviews, describe how each of your three respondents understand the Cold War. 2. Explain to what extent their definition/understanding of the Cold War differs from the definition above (see the bold typeface in the Overview section above). 3. If your respondents’ understanding of the Cold War is different from the way the Cold War is defined in this course, explain why that might be the case. (Also, if their definition of the Cold War is very similar, explain this as well!) Your essay should be 2-3 pages in length (500–700 words) · Double spaced · #12 font –Times New Roman · 1” margins on all sides · Separate cover page and reference page · A minimum of one (1) outside (including texts from the course, if you like) scholarly source Remember: Wikipedia, encyclopedias, and encyclopedia-type sources (answers.com, infoplease.com and such) are not considered academic sources.
Fall FIN-315-01D Business Finance I exam 3 Fall FIN-315-01D Business Finance I exam 3 Question Question 1 Last year Mike bought 100 shares of Dallas Corporation common stock for $53 per share. During the year he received dividends of $1.45 per share. The stock is currently selling for $60 per share. What rate of return did Mike earn over the year? Answer 11.7 percent 13.2 percent 14.1 percent 15.9 percent Question 2 Emmy Lou, Inc. has an expected dividend next year of $5.60 per share, a growth rate of dividends of 10 percent, and a required return of 20 percent. The value of a share of Emmy Lou, Inc.'s common stock is ________. Answer $28.00 $56.00 $22.40 $18.67 Question 3 Systematic risk is also referred to as Answer diversifiable risk. economic risk. nondiversifiable risk. not relevant. Question 4 Nico Corporation's common stock is expected to pay a dividend of $3.00 forever and currently sells for $21.42. What is the required rate of return? Answer 10% 12% 13% 14% Question 5 A firm has experienced a constant annual rate of dividend growth of 9 percent on its common stock and expects the dividend per share in the coming year to be $2.70. The firm can earn 12 percent on similar risk involvements. The value of the firm's common stock is ________. Answer $22.50/share $9/share $90/share $30/share Question 6 Tangshan China Company's stock is currently selling for $80.00 per share. The expected dividend one year from now is $4.00 and the required return is 13 percent. What is Tangshan's dividend growth rate assuming that dividends are expected to grow at a constant rate forever? Answer 8% 9% 10% 11% Question 7 Tangshan China's stock is currently selling for $160.00 per share and the firm's dividends are expected to grow at 5 percent indefinitely. Assuming Tangshan China's most recent dividend was $5.50, what is the required rate of return on Tangshan's stock? Answer 7.3% 8.6% 9.5% 10.6% Question 8 The expected value, standard deviation of returns, and coefficient of variation for asset A are ________. (See table below.) Answer 10 percent, 8 percent, and 1.25, respectively 9.33 percent, 8 percent, and 2.15, respectively 9.35 percent, 4.68 percent, and 2.00, respectively 9.35 percent, 2.76 percent, and 0.295, respectively Question 9 An investment banker has recommended a $100,000 portfolio containing assets B, D, and F. $20,000 will be invested in asset B, with a beta of 1.5; $50,000 will be invested in asset D, with a beta of 2.0; and $30,000 will be invested in asset F, with a beta of 0.5. The beta of the portfolio is Answer 1.25. 1.33. 1.45. unable to be determined from the information provided. Question 10 Nico Custom Cycles' common stock currently pays no dividends. The company plans to begin paying dividends beginning 3 years from today. The first dividend will be $3.00 and dividends will grow at 5 percent per year thereafter. Given a required return of 15 percent, what would you pay for the stock today? Answer $25.33 $18.73 $29.86 $22.68 Question 11 The ________ are sometimes referred to as the residual owners of the corporation. Answer preferred stockholders unsecured creditors common stockholders secured creditors Question 12 Asset P has a beta of 0.9. The risk-free rate of return is 8 percent, while the return on the market portfolio of assets is 14 percent. The asset's required rate of return is Answer 13.4 percent. 6.0 percent. 5.4 percent. 10 percent. Question 13 Asset Y has a beta of 1.2. The risk-free rate of return is 6 percent, while the return on the market portfolio of assets is 12 percent. Asset Y's risk premium is Answer 7.2 percent. 6.0 percent. 13.2 percent. 10 percent. Question 14 Table 8.3 Consider the following two securities X and Y. Which asset (X or Y) in Table 8.3 has the least total risk? Which has the least systematic risk? Answer X; X. X; Y. Y; X. Y; Y. Question 15 A firm has an expected dividend next year of $1.20 per share, a zero growth rate of dividends, and a required return of 10 percent. The value of a share of the firm's common stock is ________. Answer $120 $10 $12 $100 Question 16 An investment advisor has recommended a $50,000 portfolio containing assets R, J, and K; $25,000 will be invested in asset R, with an expected annual return of 12 percent; $10,000 will be invested in asset J, with an expected annual return of 18 percent; and $15,000 will be invested in asset K, with an expected annual return of 8 percent. The expected annual return of this portfolio is Answer 12.67%. 12.00%. 10.00%. unable to be determined from the information provided. Question 17 Julian is considering purchasing the stock of Pepsi Cola because he really loves the taste of Pepsi. What should Julian be willing to pay for Pepsi today if it is expected to pay a $2 dividend in one year and he expects dividends to grow at 5 percent indefinitely? Julian requires a 12 percent return to make this investment. Answer $28.57 $29.33 $31.43 $43.14 Question 18 What is the expected market return if the expected return on asset X is 20 percent, its beta is 1.5, and the risk free rate is 5 percent? Answer 5.0% 7.5% 15.0% 22.5% Question 19 Patrick Company expects to generate free-cash of $120,000 per year forever. If the firm's required return is 12 percent, the market value of debt is $300,000, the market value of preferred stock is $70,000, and the company has 100,000 shares of stock outstanding. What is the value of Patrick's stock? Answer $6.30 $10.00 $7.00 $9.70 Question 20 A firm has an issue of preferred stock outstanding that has a stated annual dividend of $4. The required return on the preferred stock has been estimated to be 16 percent. The value of the preferred stock is ________. Answer $64 $16 $25 $50
saint HCM550 module 7 assignment saint HCM550 module 7 assignment Question Assignment 7 For the Module 7 Written Assignment, please (a) select up to three provisions contained in the Patient Protection and Affordable Care Act (PPACA) and (b) write approximately 1,750-2,000 words addressing organizational preparation and strategic response to these provisions in the health reform law.
Question_Doc13_15Dec_5th Question_Doc13_15Dec_5th Question 1)The productivity standard for the distribution of income can be thought of as A) rewarding people according to their ability to produce useful goods. B) benefiting only the least productive worker. C) proving that egalitarians are correct. D) rewarding only the wealthy. 2)One productivity standard for income distribution stated in the text is A)income distribution should be based on contribution to society's total output. B)tax payments are higher for higher income people. C)poor people pay too much in taxes. D)the poor should contribute more to society. 3)The contributive standard (merit standard) for distributing income implies that A) income should be distributed equally. B) income should be distributed according to need. C) income should be distributed according to the marginal productivity of workers. D) a transfer should be contributed to an individual above his or her contribution to net output. 4)The contributive standard of income distribution is met by A)setting wages according to marginal productivity. B)having a highly progressive income tax. C)having the government determine all wages. D)using local committees to determine the needs of families in the area. 5)The egalitarian principle of income refers to A) each person being paid differently. B) each person receiving the same income. C) each person receiving tax breaks. D) each person working the same number of hours. 6)"To each exactly the same" refers to A)the productivity standard. B)the free market doctrine. C)the egalitarian principle. D)the Lorenz curve. 7)A major problem with using the egalitarian principle to distribute income is that A) it would eliminate the incentives that rewards provide in an economic system. B) it is difficult to know when an equal distribution of income has been achieved. C) it would not be fair to the wealthy. D) there exist no mechanisms to carry out such a scheme. 8)If income were distributed according to the egalitarian principle of "to each exactly the same," then one problem would be that A) there would be little or no incentive for individuals to take risky, hazardous, or unpleasant jobs. B) individuals would have an excess desire to invest in their own human capital. C) too many individuals would want to take risky jobs. D) productivity levels would probably become too high. 9)The productivity standard says A)that everyone should have exactly the same income. B)that the age-earnings cycle should determine income. C)that people should be compensated on the basis of what they produce. D)that people should be compensated on the basis of their need. 10) The egalitarian principle refers to: A)"To each according to her need." B)"To each exactly the same." C)"To each according to her productivity." D)"To each according to his ability." 11)The merit standard refers to: A) "To each according to her need." B) "To each exactly the same." C) "To each according to her productivity." D) "To each according to his ability." 12)The egalitarian principle says A)that everyone should have exactly the same income. B)that the age-earnings cycle should determine income. C)that people should be compensated on the basis of what they produce. D)that people should be compensated on the basis of their need. 13)The belief that everyone should have exactly the same amount of income is A) merit standard. B) comparable-worth doctrine. C) egalitarian principle. D) Lorenz principle. 14)If we were to pay everyone exactly the same income A)there would be a large amount of economic growth. B)there would be no incentive to invest in human capital. C)more people would seek an education. D)productivity would increase. 15)Which of the following is considered a contributive standard for the distribution of income? A) rewarding workers according to their productivity B) rewarding workers according to their needs C) rewarding workers according to the number of their dependents D) all of the above 16)If an employer pays employees according to the volume of business revenue they individually generate, then the employer is applying the A) productivity standard. B) merit standard. C) contributive standard. D) all of the above 17)Merit is judged by one's ability to produce A)what is considered useful by society. B)what is considered valuable by society. C)what is considered beneficial to society. D)all of the above 18) We measure a person's productive contribution in a market system by A)the marginal factor cost theory of the firm. B)the profit maximization theory of the firm. C)the marginal revenue product theory of wage determination. D)the egalitarian theory of wage determination. 19)Which of the distributive standards does NOT involve a value judgment? A) Productivity standard B) Egalitarian standard C) Merit standard D) All of the standards involve value judgments. 20)Which of the following is NOT a normative standard for income distribution? A) the productivity standard B) the egalitarian principle C) rewarding people according to merit D) All of the above are normative standards. 21)If you believe that a worker should be paid on the basis of what he or she produced, you believe in A) the egalitarian principle. B) the productivity standard. C) the benefits standard. D) the comparative worth principle. 22)If you believe that all workers should be paid the same, you believe in the A)egalitarian principle. B)productivity standard. C)benefits standard. D)comparative worth principle. 23)The idea that the Lorenz curve should be along the 45 degree line is consistent with A) the productivity standard. B) the egalitarian principle. C) the conservative principle. D) none of the above. 24)Which of the following is NOT correct regarding the theories of income distribution? A) Dealing with how income ought to be distributed is a normative issue. B) The productivity standard for the distribution of income is stated "to each according to what they produce." C) The egalitarian principle of income distribution is "to each exactly the same." D) Dealing with how income should be distributed is a positive economic issue. 25)"To each according to what he or she produces" describes the ________ theory of income determination. A) productivity B) egalitarian C) equity D) needs 26)A person's productive contribution in a capitalist society is measured by determining the A) market value of the individual's output. B) comparable output of other workers in similar jobs. C) total number of goods produced by the individual. D) index of occupational values. 27)Explain the two theories of desired income distribution: the egalitarian principle and the productivity standard. 28)Compare and contrast the two normative standards to income distribution discussed in the text: The productivity standard and the egalitarian principle. 30.4 Poverty and Attempts to Eliminate It 1)The lowest percentage of the U.S. population in poverty is found when using which measurement of household resources? A) Private income only B) Private income plus cash benefits C) Private income with cash and in-kind benefits D) Private income with Social Security payments subtracted 2)The Social Security system is financed by A)a tax on individual retirement accounts. B)a payroll tax paid only by employers. C)a payroll tax paid by both employers and employees. D)a tax on luxury goods. 3)The Social Security system is a(n) A) ad valorem system. B) ability to pay system. C) progressive tax system. D)pay-as-you-go system. 4)The government finances Social Security through A) excise taxes. B) payroll taxes. C) the sale of goods and services. D) state taxes. 5)Which of the following statements is correct? A)The Social Security program funnels transfers from retired individuals to the youngest children of low-income families. B)Social Security is an entitlement which is available to everyone, including those who have not contributed to the fund during their active work years. C)Social Security benefits are received by people who had contributed to the fund during their active work years. D)As a public transfer payment, Social Security benefit is available only to the poor. 6) The Social Security Fund is designed as A)a pay-as-you-go system. B)an investment portfolio that individual contributors can make periodic payments into. C)an account that allows periodic withdrawals by contributors. D)an individual account with a federal reserve bank. 7)Social Security is a pure transfer program because A) it transfers funds from current workers to the poor. B) the government transfers funds from middle-income workers to welfare recipients. C) current payroll taxes are used to pay the eligible retirees. D) the government subsidizes the medical bill of the poor. 8)Since Social Security is a pay-as-you-go program, the funds for the people retiring today A) come from those of us working today and in the future. B) come from the Federal Reserve. C) come from import taxes. D) come from foreign sales of gold. 9)The original impetus for Social Security was A)to provide retirement fund for all persons. B)to prevent future depressions. C)the result of social engineering by politicians. D)a proper response to the stock market crash of 1929. 10) The official poverty level is based on A)total net worth. B)pretax income, and includes cash subsidies but does not include in-kind subsidies such as food stamps. C)after-tax income, and includes both cash and in-kind government subsidies. D)wages and salaries, plus any unreported amounts of income from the underground economy.
general business data bank general business data bank Question 76. Attractive opportunities for a particular firm are those that the firm has some chance of doing something about--given its resources and objectives. True False 77. Attractive opportunities are those that the firm has some chance of doing something about given its resources and objectives True False 78. A "breakthrough opportunity" is an opportunity that helps innovators develop long-term, hard-to-copy marketing strategies that will be very profitable. True False 79. "Breakthrough opportunities" are ones that help innovators develop hard-to-copy marketing strategies that will be profitable for a long time. True False 80. A firm with a "competitive advantage" has a marketing mix that the target market sees as better than a competitor's mix. True False 81. Finding "competitive advantages" is important because they are needed for survival in increasingly competitive markets. True False 82. It is useful to think of the marketing strategy planning process as a narrowing-down process. True False 83. The marketing strategy planning process starts with a narrow look at a market, and becomes broader the closer the firm comes to developing a marketing mix. True False 84. There are usually more different strategy possibilities than a firm can pursue. True False 85. Developing a set of specific qualitative and quantitative screening criteria can help a manager define what business and markets the firm wants to compete in. True False 86. A S.W.O.T. analysis is one way to zero in on a marketing strategy that is well-suited to the firm. True False 87. A S.W.O.T. analysis identifies the "special weapons or tactics" used by the competitor in a product- market that has the most profitable marketing mix. True False 88. S.W.O.T. analysis is based on the idea that one of the best ways to develop a strategy is to identify and copy the marketing "strategies, weapons, outlook, and tactics" of the firm's most effective competitor. True False 89. A good S.W.O.T. analysis helps a manager focus on a strategy that takes advantages of the firm's opportunities and strengths while avoiding its weaknesses and threats to its success. True False 90. The letters in "S.W.O.T. analysis" are an abbreviation for the first letters of the words "strengths, weaknesses, opportunities and threats." True False 91. The letters in "S.W.O.T. analysis" are an abbreviation for the first letters of the words "special weapons or tactics." True False 92. Segmentation is the process a manager goes through to decide which subgroups of customers to select. True False 93. Differentiation means that the marketing mix is distinct from and better than what is available from a competitor. True False 94. Differentiation means that the firm's marketing mix is similar to its competitors' mixes. True False 95. Differentiation often requires a firm to fine-tune its marketing mix to meet the specific needs of its target market(s). True False 96. Differentiation emphasizes uniqueness rather than similarity. True False 97. Differentiation emphasizes similarity rather than uniqueness. True False 98. The external market environment doesn't play a role in the marketing strategy planning process because it exists outside of the company. True False 99. It is useful to think of the marketing strategy planning process as a process that begins with a narrow focus but then broadens to embrace unlimited opportunities and options. True False 100. Marketing opportunities involving present products and present markets are called "market penetration" opportunities. True fals