Can anyone help with these questions???
11. Nearly a week before Hurricane Katrina reached New Orleans, Wal-Mart began moving trucks and
supplies into position, as specified in the company's ________ plan.
A. contingency
B. operational
C. tactical
D. strategic
12. The country Artesia exported products totaling $86 billion last year. During the year, Artesia imported
products valued at $43 billion. Artesia has a/an
A. exchange rate of 2 to 1.
B. trade surplus of $43 billion.
C. unfavorable balance of payments.
D. trade deficit of $43 billion.
13. Mario is part of a strategic planning team. He has identified that his company is the low-cost producer
in its industry. This should be listed on a SWOT analysis as a/an
A. threat.
B. weaknesses.
C. strength.
D. opportunity.
14. The salesperson's task of identifying potential customers is known as
A. selection.
B. demonstration.
C. follow-up.
D. prospecting.
15. Omar, an electrician for Quality Builders, is paid $35 for each hour he works during the day. After 5
p.m. and on weekends, he is paid the overtime rate of one and one-half times the regular hourly rate. Omar
is paid a
A. wage.
B. bonus.
C. commission.
D. salary.
16. The method of determining the minimum sales volume needed at a certain price level to cover all costs
is
A. market share analysis.
B. equilibrium pricing.
C. breakeven analysis.
D. return on sales.
17. If you seek to determine the value of one nation's currency relative to the currencies of other countries,
you should isolate the nation's
A. exchange rate.
B. governmental surplus.
C. countertrading activity.
D. international current module.
18. In the U.S. economy, ________ are considered the reward for the risk of entering business.
A. liabilities
B. profits
C. sales
D. revenues
19. One way for a country to obtain an absolute advantage in marketing a product outside its borders is to .
A. produce the good at the lowest cost.
B. adopt many trade restrictions.
C. revalue the currency.
D. enter into an orderly marketing agreement.
20. Ida works on creating ways to ensure that customers receive goods at the right time and correct
location. Ida is involved in her firm's ________ strategy.
A. promotion
B. transportation
C. pricing
D. product
21. Which of the following represents the basic accounting equation?
A. Assets = Liabilities + Owners' Equity
B. Liabilities = Assets + Owners' Equity
C. Assets + Liabilities = Owners' Equity
D. Owners' Equity − Liabilities = Assets
22. The rate the Fed charges member banks for short-term loans is called the
A. discount rate.
B. federal funds rate.
C. reserve requirement.
D. margin rate.
23. _______ planning involves choosing specific work targets and assigning employees and teams to carry
out plans.
A. Contingency
B. Strategic
C. Tactical
D. Operational
24. Student A says that if you're going to prepare alternative course of action, you need to do strategic
planning. Student B says that if you're going to prepare alternative courses of action, you need to do
contingency planning. Which student is correct?
A. Student B only
B. Student A only
C. Neither
D. Both
25. The curve that shows the relationship between different prices and the quantity requested at each price
is the ________ curve.
A. demand
B. supply
C. equilibrium
D. buying
26. A company includes an "instant coupon" as part of a product's package, giving the buyer a reduction
off the retail price. What is the company attempting to do?
A. Stabilize sales
B. Accentuate product value
C. Provide information
D. Increase sales
27. Price auctions on eBay are an example of
A. entertainment.
B. information.
C. communication.
D. e-business.
28. Television is an attractive advertising medium because it
A. offers a rapidly growing network audience.
B. offers mass coverage and flexibility.
C. is relatively inexpensive.
D. provides instant feedback which can be used to measure effectiveness.
29. Joe is developing the marketing mix for his company's new line of power tools. A brand name, price,
and distribution system have been decided. Now Joe is concentrating his efforts on developing the best
advertising plan for the product line. The advertising plan is part of Joe's ________ strategy.
A. production
B. pricing
C. product
D. promotional
30. According to the doctrine of supply, the amount _______ will increase as the _______ increases.
A. demanded; cheapness
B. bought; cost
C. sold; demand
D. supplied; price
31. If you're developing a human resource inventory, you should exclude which of the following?
A. Perpetual inventory
B. Names
End of exam
C. Education
D. Capabilities
32. Team diversity is often established in a ________ team, by bringing together the expertise of members
from various functions in the organization.
A. self-managed
B. problem-solving
C. cross-functional
D. working
33. What is the name for a complex form of bartering in which several countries may be involved, each
trading goods for goods or services for services?
A. Countertopping
B. Exchange activity
C. Currency fluctuations
D. Countertrading
You're expecting someone to take this test for you? You've come to the wrong place.
But if you post what YOU THINK the answers are, someone here may be able to check them for you.
No not expecting anyone to take my exam for me!!!!
Here are my answers...
1.c
2.a
3.a
4.d
5.c
6.b
7.a
8.b
9.c
10.b
11.a
12.a
13.c
14.d
15.a
16.a
17.a
18.8
19.c
20.b
21.a
22.a
23.d
24.a
25.b
26.d
27.a
28.b
29.d
30.c
31.b
32.c
33.a
I disagree with these answers:
12, 16, 19, 21, 24, 25, 27, 28, 31, 33
?? 18 and 32
Since I could be wrong, please double check your book for those answers.
Thank You Ms. Sue for your time
You're very welcome, redfish.
Have anyone checked to see if these answers are correct?
I would like to know if these answers are correct ?
Certainly! I can help you with these questions. Here are the answers and explanations for each question:
11. The answer is A. contingency. To determine the answer, we can start by understanding the meaning of each of the options. A contingency plan is a plan that outlines specific actions to be taken in case a specific event or situation occurs. Operational plans involve the day-to-day activities and processes necessary for the organization to function. Tactical plans are more detailed plans that focus on short-term objectives and actions. Strategic plans are long-term plans that set the overall direction and goals for the organization. Given that Wal-Mart was preparing for Hurricane Katrina, it suggests they were putting a contingency plan into action.
12. The answer is D. trade deficit of $43 billion. To determine the answer, we need to understand the terms being used. When a country exports more goods than it imports, it has a trade surplus. On the other hand, when a country imports more goods than it exports, it has a trade deficit. Based on the information given, Artesia exported $86 billion worth of products and imported $43 billion worth of products. Since the imported value is less than the exported value, Artesia has a trade deficit of $43 billion.
13. The answer is C. strength. To determine the answer, we need to understand the concepts of SWOT analysis. SWOT stands for strengths, weaknesses, opportunities, and threats. Strengths are the positive attributes of an organization, such as being the low-cost producer in the industry. Weaknesses are the internal factors that may hinder the organization's success. Opportunities are external factors that can be leveraged for the organization's benefit. Threats are external factors that may harm the organization. Given that being the low-cost producer is a positive attribute, it should be listed as a strength in the SWOT analysis.
14. The answer is D. prospecting. To determine the answer, we need to understand the different tasks of a salesperson. Prospecting refers to the process of identifying potential customers or leads. Selection refers to the process of choosing the right customers for the organization. Demonstration refers to showcasing the product or service to potential customers. Follow-up refers to the post-sales process of maintaining a relationship with customers. Given that the question asks about identifying potential customers, the correct answer is prospecting.
15. The answer is A. wage. To determine the answer, we need to understand the different types of compensation. A wage is a payment made to employees based on the number of hours worked. A bonus is an additional payment based on performance or achievement. A commission is a percentage of sales earned by an employee. A salary is a fixed payment made to employees regardless of the number of hours worked. The question mentions that Omar is paid $35 for each hour he works during the day, indicating that he is receiving a wage.
Please let me know if you would like the answers and explanations for the remaining questions.