Business Managementacademic

"Which of the following is not a line of the FBLA Creed? A. I believe every person should actively work toward improving social, political, community, and family life. B. I believe every person should strive to earn the maximum amount of money. C. I believe I have the responsibility to work efficiently and to think clearly. I promise to use my abilities to make the world a better place for everyone. D. I believe education is the right of every person."

You have learned about the four types of market structures: perfectly competitive, monopolistically competitive, Monopoly, and oligopoly. in the tables below, select the characteristics for the appropriate markets of firms options: few large, one firm, many small, many sizes entry& exit into market options: very difficult, show me easy, very easy, almost impossible. influence over price options: none, large control, very little, total control. Advertising done by firms options: no advertising, little advertising, extensive. product differences options: few different, many different, one product, identical products. example firm options: city, water, gas, strawberries, fast food. | Types | Number of Firms | Entry & Exit Into Market | Influence Over Price | | --- | --- | --- | --- | | Perfectly Competitive Markets | ☑ | ☑ | ☑ | | Monopolistically Competitive Markets | ☑ | ☑ | ☑ | | Oligopoly Markets | ☑ | ☑ | ☑ | | Monopoly Markets | ☑ | ☑ | ☑ | # Market Structures: Table 2 | Types | Advertising Done by Firms | Product Differences | Example Firms | | --- | --- | --- | --- | | Perfectly Competitive Markets | ☑ | ☑ | ☑ | | Monopolistically Competitive Markets | ☑ | ☑ | ☑ | | Oligopoly Markets | ☑ | ☑ | ☑ | | Monopoly Markets | ☑ | ☑ | ☑ |

"Multiple choice question. The macroenvironment is also known as the Blank environment. external internal fixed general"

"The simplest definition of productivity is outputs divided by inputs. True or False"

Dee Wallace's salary was $58,900 in 2003 and increased to $64,900 in 2008. What was the annual rate of change in his salary?

"To generate higher profit margins, producers must work to: A. increase their total supply. B. increase their total expenses. C. decrease their customer base. D. decrease their production costs."

Which statement about an individually billed account is true? hoose an appropriate option and select Submit. Regardless of reimbursement status, travelers must pay the bill on time. Travelers can use IBAs for official and personal expenses on official travel. Travelers have the option to make a minimum payment or to pay the bill in full. Full, on - time payment of an IBA bill is primarily the Government's responsibility.

"When linked to a specific individual, which of the following is NOT an example of Personally Identifiable Information (PII)? A. Smartphone brand and model B. Payment for the provision of healthcare C. Fingerprint records D. Mother's maiden name"

What is the best definition for strategy? A. A set of rules governing a game B. Specific plans to meet a goal C. An overall plan of action to meet a goal D. A common objective

What is the main goal in creating the federal budget? A. Managing businesses and increasing spending on all programs B. Deciding how to manage the government's tax revenue and expenditures C. Finding a way to allow the economy to run on its own D. Finding a way to slow down rapid economic growth

Why does Nicholas Carr claim “ IT Doesn ’ t Matter"? Group of answer choices Because information technology is so readily available and the software used so easily copied, businesses cannot hope to implement these tools to provide any sort of competitive advantage. Because the costs with labor, licensing, implementation and maintenance are about equal to the profits created. Because software development is competitive, and any successful product is followed by a copy almost immediately. Because the costs of technology has surpassed the benefit it creates in money saved. Because large companies are multi - national, and IT doesn ’ t play as significant a role in other countries.

In a market economy, who decides what goods and services will be produced? A. Only the producers B. Consumers and producers C. The government D. Only consumers

With Optionally Renewable Health policies, the insurer may: A. renew the policy only if no claims have been filed the previous year. B. renew the policy only with the insured's consent. C. review the policy whenever they please and determine whether or not to renew it. D. review the policy annually and determine whether or not to renew it.

An example of false advertising would be: A. Paid testimonials from celebrity endorsements B. An insurer exaggerating its dividends in a magazine advertisement C. An agent spending more than $25 on marketing gifts for a client D. An insurer advertising in an insurance trade journal

What is the best example of outsourcing A US shoe company opens a factory in China and hires Chinese workers to make shoes. A US shoe company opens a factory in the US and hires US workers to make shoes. A US shoe company opens a factory in the US and hires Chinese workers to make shoes. A Chinese shoe company opens a factory in China and hires Chinese workers to make shoes.

An important part of a cost-benefit analysis is identifying A. social customs. B. economic consequences. C. economic forecasts. D. social reforms.

What does "current address from date" mean on a job application?

Which of the following examples are leading questions? Select all that apply. How did you learn about our company? How has our product helped make your life easier? Who is the person that I should contact? How much would you pay for this convenience?

Labels should include all of the following EXCEPT: A) When the food should be consumed by B) The best way to store the food item C) What the product is D) Possible contaminants

What two items are delineated in a franchise agreement? A. The right to sell a business's products in a given territory B. The royalty fee to be paid for each item sold C. The right to place one's logo on another business's product D. The right to use a specific business's name

List the seven steps in the decision-making process. Identify the decision to be made. Gather relevant information. Identify alternatives. Weigh the evidence. Choose among alternatives. Take action. Review your decision and its consequences.

How did Cornelius Vanderbilt spend his money?

A Fraternal Benefit Society has each of the following characteristics EXCEPT: A. Incorporated B. Without capital stock C. Exists for profit D. Exists for the benefit of its members

Why are services typically more difficult to standardize, automate, and make efficient?

What does clicking and dragging the fill handle indicated by the cursor below do?

A positive return on investment for education happens when: A. Your earnings are higher than the cost of your education. B. You calculate earnings after working for one year after college. C. You attend a public university and do not take out loans. D. You use federal student loans to attend a private college.

Which General Staff member negotiates and monitors contracts, maintains documentation for reimbursement, and oversees timekeeping for incident personnel? A. Operations Section Chief B. Finance/Administration Section Chief C. Logistics Section Chief D. Planning Section Chief

A nonforfeiture clause gives the policyowner: A) lifetime income B) guaranteed values even if the policy has lapsed C) unemployment benefits D) cost of living allowances

1. Choose an example of an infomercial. Identify the persuasion tactics used in the infomercial. What story does the infomercial tell? 2. How can you create an audience-friendly report? Explain. 3. Discuss suggestions for coping with speaker anxiety in online meetings.

The print reading abbreviation for foundation is FND. A. True B. False

What would be the collective term for the options 'Daily', 'Weekly', 'Monthly', and 'Yearly' in a business application? Recurrence pattern Frequency options Repetition choices Interval selections

A common financial risk that entrepreneurs encounter is: A. high taxes B. high insurance costs C. high maintenance costs D. bankruptcy

The interest rate charged by banks to their best customers is the: A. federal funds rate B. demand rate C. prime rate D. discount rate

Recent improvements in technology have increased the pace of globalization.

Which of the following best describes the difference between leadership and management? A. None of the above. B. Management is trying to inspire followers to complete work, through whatever means necessary. Leadership doesn't concern itself with the followers, only the goals. C. While leaders are effective in terms of how much is accomplished, managers are effective in terms of how inspired and motivated their followers are. D. While management is concerned with accomplishing organizational goals, leadership has those same aims but also includes goals related to team member well-being and accomplishes those goals through inspiration.

Which of the following should you consider first when trying to pay for higher education? A. Scholarships B. Grants C. Student loans D. Personal savings

Building equity in a home is a good thing because: A. Mortgage payments decrease as equity increases. B. Credit scores increase as equity increases. C. Equity in a home increases the homeowner’s assets. D. Property taxes decrease as equity increases.

Which of the following is an example of social loafing? A) Ricardo likes to hold the door open for ladies. B) Naomi feels more accepted when she behaves in accordance with her peers. C) Tim attributed his personal success at work to his diligence and integrity. D) Jack takes the presence of his colleagues at the construction site as an opportunity to get some rest.

David is a shift manager at a fast food restaurant. One of his jobs is to check scheduled deliveries and notify suppliers if something is late or missing. Which interpersonal management role does this illustrate? A. figurehead B. liaison C. leader

What is the benefit of a checking account? A. It allows you to save money and earn interest. B. It helps you spend money without carrying cash. C. It allows you to spend money and pay the bill later. D. It helps you invest money and gain a greater return.