BUS 508 Final Exam Answers-All Possible Questions

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BUS 508 Final Exam Answers-All Possible Questions
Question 1
Tactical planning is primarily the responsibility of ________.
Question 2
Management is the process of achieving ________ through people and other resources.
Question 3
A written explanation of an organizations business intentions and aims is called a(n) ________.
Question 4
The set of relationships that indicates who gives directions to whom and who reports to whom is known as the
________.
Question 5
According to Maslow, an individuals first priority is given to which level of need?
Question 6
The Americans with Disabilities Act makes it illegal for a company to ask about a job applicants health when that
applicant is applying for a position, unless ________.
Question 7
The purpose of the EEOC is to ________.
Question 8
According to Maslow, the desire to be valued and recognized by others is a(n) ________ need.
Question 9
Under __________, employees receive stock shares or the value of the stock upon retiring or leaving the company.
Question 10
Which of the following is considered an upward communication channel?
Question 11
What is considered to be the biggest problem with email as a form of business communication?
Question 12
During the performing stage, team members ________.
Question 13
Which production process describes a manufacturing operation in which long production runs generate finished
products over a period of time?
Question 14
Which of the following are combined to result in mass production?
Question 15
The want-satisfying power of a good or service is called ________.
Question 16
A(n) ________can repeat the same tasks numerous times without varying its movement.
Question 17
The marketing strategy that focuses on the precise way a B2B purchaser will use a product is known as
_______________.
Question 18

Standardization would be most appropriate for all of the following products except ______.
Question 19
Developing and maintaining long-term, cost-effective exchange relationships with individual customers, suppliers,
employees, and other partners for mutual benefit characterizes ________.
Question 20
________ utility is created when the business firm converts raw materials into finished goods and services.
Question 21
American Express is an effective brand name because it ________.
Question 22
Jan takes her car to Oil Express for an oil change. This is an example of a(n) ________.
Question 23
In which stage of the product life cycle do competitors enter the field with similar offerings?
Question 24
In a process called ________, products pass through a series of stages from their initial appearance to their decline.
Question 25
A combination of product lines represents a companys ________.
Question 1
Mailing out samples is particularly useful in promoting ________.
Question 2
Business costs that remain change with the level of production are called ________ costs.
Question 3
The process of finalizing a sale is the ________.
Question 4
In breakeven analysis, the costs that change with the level of production are considered ________ costs.
Question 5
A leading manufacturer of exercise bicycles ran a full-page advertisement in a health magazine comparing the price
of its bicycle with that of a leading competitor. The manufacturer is using ________.
Question 6
Courtneys office in south Florida was destroyed by a hurricane last year, and she lost numerous company
documents. After relocating, Courtney took no chances and implemented ________, in which she backed up her data
in a secure online storage service.
Question 7
Which of the following reasons is a reason for the increasing popularity of notebook computers?
Question 8
Which of the following is considered information rather than data?
Question 9
Which of the following is an application program?
Question 10
An information system that provides relevant data to help businesspeople choose the appropriate course of action is
called a(n) ________.
Question 11
All of the following are profitability ratios EXCEPT ________.
Question 12
Who is recognized worldwide as the body with sole responsibility and authority to issue pronouncements on
international accounting standards?
Question 13

________ ratios are designed to indicate how successful a firm is in terms of its earnings as compared with its assets
or owners equity.
Question 14
Who appoints the members of the Public Company Accounting Oversight Board?
Question 15
________ activities provide the necessary funds to start a business and to expand it after it begins operations.
Question 16
What provision allows the issuer to redeem the bond before its maturity at a specified price?
Question 17
The U.S. Department of Treasury sells what type of bonds?
Question 18
In the U.S. financial system, which of the following is a net saver?
Question 19
Bonds with ratings of BBB and above are classified as ____.
Question 20
The rate the Fed charges member banks for short-term loans is called the ________.
Question 21
________ would be the LEAST likely to obtain a private placement.
Question 22
A companys financial plan should answer all of the following questions EXCEPT ________.
Question 23
Which of the following individuals has the direct responsibility for shareholder relations?
Question 24
Borrowing money ________.
Question 25
Two types of divestitures are _____.