Business Management

1. A lower value of the U.S. dollar means that

A. the American dollar is worth more when purchasing a foreign-made good.

B. a dollar would be traded for less foreign currency than normal.

C. the American dollar isn’t backed by gold.

D. the dollar can’t be used in international trade.

2. In 2050, the projected U.S. non-Hispanic, white population percentage is expected to decrease to about

A. 68%. C. 53%.

B. 60%. D. 40%.

3. Discussing the future of management, Manager A maintains that we can expect a continued rise of virtual management and growth in technology. Manager B acknowledges that Manager A’s projections are likely, but incomplete. He adds that there will also be
an increased focus on ethics and social responsibility, as well as an increased focus on gaining competitive advantages. What is wrong with Manager B’s argument?

A. There’s nothing wrong with Manager B’s argument. He’s correct.

B. Manager B fails to define ethical social responsibility.

C. Manager B is incorrect in projecting an increased focus on competitive advantage.
D. Manager B is incorrect in accepting Manager A’s views on the growth of virtual management.

4. During a change-planning phase, the change agent communicates information

gathered through diagnosis directly to the affected people. This process is called

A. direct feedback. C. evaluation.

B. team building. D. sensitivity training.

5. Which one of the following is a benefit of transforming to a virtual organization?

A. Change is no longer a concern.

B. Productivity increases.

C. Monitoring employees is simplified.

D. Standard communication methods still apply.

6. Suppose the Vietnamese government imposes a tax on imported goods. What is this tax called?

A. Embargo C. Boycott

B. Quota D. Tariff

7. Of the following topics, which one is most likely to be covered in a code of ethics?

A. Quality C. Connection

B. Honesty D. Production

8. When the value of exports from a country exceeds the value of the imports into that country, the country experiences a/an

A. trade deficit. C. trade surplus.

B. balance of payments. D. unfavorable balance of trade.

9. To be effective, a code of ethics must be

A. voluntary. C. enforced.

B. collaborative. D. prepared by top management.

10. What is one reason for creating a diverse workforce?

A. Employee population is increasingly homogeneous.

B. Customer population is decreasingly diverse.

C. Increasing diversity minimizes the risk of litigation.

D. Retaining top talent means recruiting more Asians.
11. Selling products to another country is known as

A. diversification. C. trade protectionism.

B. exporting. D. comparative advantage.

12. A group of shoe manufacturers in the United States, Japan, Germany, and England have pooled resources to gain a larger market. What is this arrangement called?

A. Strategic alliance C. Licensing agreement

B. Multinational corporation D. Foreign intermediary

13. Of the following laws, which one gives the EPA the authority to set standards regarding
the type and quantity of pollutants that industries can discharge into a body of water?

A. The Clean Air Act of 1970

B. The Toxic Substances Control Act of 1976

C. The Clean Water Act of 1977

D. The National Environmental Policy Act of 1969

14. Cuba has fertile land, a warm and sunny climate, and inexpensive labor. Great Britain has less fertile soil, a colder and rainier climate, and more expensive labor. Given the same combination of inputs, Cuba would produce much more coffee than Great Britain.

Therefore, Cuba has a/an _______ in the production of coffee.

A. absolute advantage C. competitive advantage

B. licensing advantage D. comparative advantage

15. What legislative act makes it illegal to charge different prices to different wholesale customers?

A. Wheeler-Lea Act of 1938 C. Sarbannes Oxley Act of 2002

B. Sherman Act of 1890 D. Clayton Act of 1914

16. The main purpose of an ERP is to

A. monitor the quality of goods in production.

B. provide a framework for implementing change in the workplace.

C. evaluate a company’s ability to exist in the global marketplace.

D. provide instant access to information required for decision making.

17. A total ban on the import of a good from a particular country is called a/an

A. tariff. C. licensing agreement.
B. embargo. D. quota.

18. Amazon dot com is an example of a

A. click-and-mortar online vendor.

B. brick-and-mortar virtual organization.

C. B2B organization.

D. retail outlet with many branches.

19. The idea that countries should produce and sell goods that they produce most
effectively and efficiently is expressed in the concept of

A. absolute advantage. C. international advantage.

B. comparative advantage. D. free trade.

20. A wholesaler or agent who markets products for companies wanting to do business abroad is called a

A. licensing agent. C. foreign intermediary.

B. marketing agent. D. wholesaling agent.

1. B.
2. D.
3. A.
4. A.
5. B.
6. D.
7. B.
8. C.
9. C.
10. C.
11. B.
12. A.
13. C.
14. A.
15. D.
16. D.
17. B.
18. A.
19. B.
20. C.

95% Correct

asked by Alexa

Respond to this Question

First Name

Your Response

Similar Questions

  1. economics

    If a country sells a currency dollar would the exchange rate price be the currency/dollar or dollar/currency and what will the demand be.
  2. history SUE HELP MEEEE

    For many years, the only currency that oil-producing countries would accept for their oil was the United States dollar. What would happen to the value of the dollar if the demand for oil were to increase? Nothing, since the demand
  3. statistics

    I have 6 bills that total $63 and there are no $1 or coins? what are the bills? In US or Canadian currency there is no way to create $3 with no coins or $1 bills. How bout 2 20-dollar bills, 1 10-dollar bill, 1 5-dollar bill and 4
  4. Economics

    If CPI was 108 in 1985 and 130 in 1990 (base year 1982-1984 = 100) -the purchasing power of the dollar would have been the same in 1985 and 1990. -the purchasing power of the dollar in 1985 would have been greater. -the purchasing
  5. Business

    If you’re a Canadian exporter would you like to see a higher Canadian dollar or a lower Canadian dollar in relation to the US Dollar? Explain using an example. I would like to see what perspectives different people have
  6. Economics

    Can someone tell me if I have this right, or backwards?? When the US dollar depreciates foreign goods, assets, and services are more expensive and when the US dollar appreciates they are cheaper. Thanks
  7. 6th

    why are 2002 american dollar bills worth more than 2001 american dollar bills?
  8. MATH!

    If the Canadian dollar is worth 49% less than the U.S. dollar, then the US dollar is worth what percent more than the Canadian dollar? (Round the answer to the nearest hundredth of a percent).
  9. Pseudocode programming

    I need a currency conversion application. It does not have to be written in an actual programming language, just the pseudocode as well as the elements listed below. Complete requirements analysis Design Verification Validation
  10. calculus

    Use the demand function X=325(1-(6p/7p+4)) to find the rate of change in the demand x for the given price p=$5.00. Round your answer to two decimal places. A. 5.13 UNITS PER DOLLAR B. -0.85 UNITS PER DOLLAR C. 0.85 UNITS PER
  11. Math

    I have 37 different dollar amounts. I also have an additional 2 dollar amounts. If I total the 2 dollar amounts I get the same number as if I total all 37 amounts. Is there a way to use this information to break up the 37 numbers

More Similar Questions