Devry BUSN 115 All Quizes latest

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Devry BUSN 115 All Quizes latest 

Devry BUSN 115 Week 2 Quiz Latest

1. 1.Question : (TCO 1) _____ refer to a resource or capability a company must have before it can start competing in a given market.

Assets

Economies of scale

Barriers to entry

Technological requirements

Fixed costs

Question 2. Question : (TCO 1) The _____ function of an organization coordinates the incoming flow of materials and the outgoing flow of finished products.

finance

logistics

human resource

purchasing

sales

Question 3. Question : (TCO 1) Which of the following positions would be responsible for establishing the long-term financial goals of the company, investing its funds and raising capital for the business?

Cash manager

Internal auditor

Chief information officer

Forensic accountant

Treasurer

Question 4. Question : (TCO 1) When the number of competitors in a market is quite small, a situation known as _____ is created.

monopoly

monopsony

oligopoly

monopolistic competition

pure competition

Question 5. Question : (TCO 1) _____ is a steady rise in the average prices of goods and services throughout the economy.

Recession

Depression

Deflation

Inflation

Arbitration

Question 6. Question : (TCO 1) ________ taxes, levied on the earnings of individuals and businesses, are the government’s largest single source of revenue.

Income

Property

Sales

Excise

Payroll

Question 7. Question : (TCO 1) _____ intelligence involves reasoning, problem solving, memorization, and other rational skills.

Cognitive

Emotional

Social

Collaborative

Networking

Question 8. Question : (TCO 1) The overall plan might be supported at the next level down by such plans as a research and development plan, a manufacturing plan, and a marketing plan. Such functional plans are called _____ plans.

appraisal

strategic

contingency

tactical

corporate

Question 9. Question : (TCO 1) _____ is the management function of keeping a company’s activities on track toward previously established goals.

Organizing

Leading

Planning

Motivating

Controlling

Question 10. Question : (TCO 2) An embargo is a _____.

quantity restriction on the import of particular goods or services

surcharge imposed on the import of certain products

subsidy offered to products exported from a country

complete ban on the import or export of certain products

form of financial assistance extended to domestic producers

Question 11. Question : (TCO 2) The _____ was established to foster international financial cooperation and its primary functions include providing short-term loans to countries that are unable to meet their financial obligations and working to alleviate poverty in developing economies.

World Trade Organization

World Commerce Center

European Union

North American Free Treaty

International Monetary Fund

Question 12. Question : (TCO 2) _____ refers to buying goods or services from a supplier in another country.

Franchising

Importing

Licensing

Partnering

Intermediating

Question 13. Question : (TCO 2) _____ refers to the degree to which information flows freely within an organization, among managers and employees, and outward to stakeholders.

Philanthropy

Materialism

Whistle-blowing

Transparency

Utilitarianism

Question 14. Question : (TCO 2) Which of the following is an example of whistle-blowing?

An employee discloses confidential information about the company to a rival firm for personal gain.

An employee suggests some process changes to his manager that he claims will increase the productivity of the team.

An employee avoids taking ownership of his mistakes by blaming it on his coworkers.

An employee informs the manager that some of his team members are misusing confidential customer details from the company database.

An employee who is unsatisfied with his performance appraisal requests his manager for a re-evaluation of his performance.

Question 15. Question : (TCO 2) Which of the following statements is true regarding ethical decision making?

When an employee is unable to make a decision because more than one side of an issue can be supported with valid arguments, it is called an ethical lapse.

The disclosure of information by a company insider that exposes unethical behavior by others within the organization is called an ethical lapse.

Stakeholders’ needs often conflict, requiring managers to make tough decisions about resource allocation.

Making objective decisions will lead to ethical lapses.

When the question of what is right and what is wrong is clear, ethical decisions are easy

to implement.

(TCO 1) The overall plan might be supported at the next level down by such plans as a research and development plan, a manufacturing plan, and a marketing plan. Such functional plans are called _____ plans.

appraisal

strategic

contingency

tactical

Devry BUSN 115 Week 4 Quiz Latest

Question 1. Question : (TCO 3) A small business is defined as a company that _____.

is newly launched and has fewer than 100 shareholders

is dominant in its field and employs fewer than 1,500 employees

has a revenue of less than $750,000

is independently owned and operated and not dominant in its field

is funded through personal lines of credit and has fewer than 1,000 employees

Question 2. Question : (TCO 3) One of the general characteristics of a small business is that it typically sells fewer products _____.

to a larger customer base

to fewer market segments

to foreign companies

at lower costs to government agencies

at higher costs

Question 3. Question : (TCO 3) TechPoint, a technical writing and business documentation firm, finds it difficult to handle its training requirements. The company forms a one-year contract with Impact Inc., a language training firm, to conduct training and refresher courses for their employees. This is an example of _____.

downsizing

outsourcing

vertical integration

market penetration

diversification

Question 4. Question : (TCO 3) _____ are expensive organizational products with a long useful life.

Shopping products

Capital items

Expense items

Specialty products

Convenience products

Question 5. Question : (TCO 3) The introductory stage will be followed by a _____ stage for a successful product.

maturity

research

saturation

growth

infiltration

Question 6. Question : (TCO 3) The maturity stage of product lifecycle is _____.

a stage where a product’s price is at a high level

usually the shortest stage in a product’s lifetime

characterized by steep decline in profits

typically followed by a growth stage

a stage where firms have to win sales away from others

Question 7. Question : (TCO 4) Which of the following statements is true about the consumer decision process?

Behavioral economics suggests that consumer behavior follows a completely rational process.

Cognitive dissonance refers to the delivery of marketing messages to people who are not aware that they are being marketed to.

Companies, government agencies, and other organizations that buy goods and services are a part of the consumer market.

Many consumers tend to believe that “you are what you buy,” so they make or avoid choices that support their desired self-images.

Aspirational reference groups are those to which consumers actually belong, such as families, networks of friends, clubs, and work groups.

Question 8. Question : (TCO 4) The process of examining an organization’s current marketing situation, assessing opportunities and setting objectives, and then developing a marketing strategy to reach those objectives is called _____.

stealth marketing

strategic marketing planning

marketing research

social commerce

marketing concept

Question 9. Question : (TCO 4) Creating new goods and services for a firm’s current markets is called _____.

market penetration

product development

market development

diversification

pure play

Question 10. Question : (TCO 4) Wholesalers differ from retailers in that wholesalers _____.

sell products to organizational customers

are marketing intermediaries

primarily sell products to consumers for personal use

cannot sell products to consumers for personal use

create place utility and time utility

Question 11. Question : (TCO 4) AMS Technologies, a computer hardware reseller, purchases computer components from leading manufacturers and builds fully operational personal computer systems customized for specific consumer requirements, such as nonlinear video editing capabilities. The firm sells its products to various companies and educational institutions. AMS Technologies belongs to which of the following class of intermediaries?

Retail outlet

Drop shippers

Manufacturers’ representatives

System integrators

Specialty stores

Question 12. Question : (TCO 4) Producers rely on a class of intermediaries called value-added resellers (VARs) to assist with which of the following functions?

Transport the goods from the producer to the retail outlets

Assist with advertising, in-store displays, and other promotional efforts

Provide market information

Divide bulk quantities into smaller packages

Complete or customize solutions for customers

Question 13. Question : (TCO 4) The government agency that has the authority to impose penalties against advertisers who violate federal standards for truthful advertising is the _____.

Federal Communications Commission

Consumer Product Safety Commission

Federal Trade Commission

Federal Advertising Administration

Federal Regulatory Commission

Question 14. Question : (TCO 4) In _____, behaviorally targeted ads follow users even as they move on to other websites.

attack ads

advocacy advertising

cooperative advertising

remarketing

search engine marketing

Question 15. Question : (TCO 4) A television commercial promoting a new range of naturally flavored ice cream, manufactured by Ice Fountain, an ice cream and candy manufacturing firm, is an example of which of the following elements in the communication mix?

Institutional advertising

Sales promotion

Social media

Product advertising

Personal selling

(TCO 3) The introductory stage will be followed by a _____ stage for a successful product.

maturity

research

saturation

growth

infiltration

week 6

Devry BUSN 115 Week 6 Quiz Latest

1. 1.Question : (TCO 5) A group of employees in American Game Technology Inc., a manufacturer of gaming machines, got together to arrange a paper recycling drive in the office.Though they came from different departments, they shared a common belief in environmentalism, and often discussed issues related to environmental conservation. This is an example of _____.

scapegoating

informal organization

groupthink

work specialization

emotional contagion

Question 2. Question : (TCO 5) Which of the following does an organization chart do?

Depicts the attrition rate in the organization

Depicts the costs incurred by the organization

Shows lines of authority in the organization

Shows the performance of the organization

Shows the growth curve of employees

Question 3. Question : (TCO 5) _____ is defined as a pathway for the flow of authority from one management level to the next.

Span of management

Span of control

Departmentalization

Network structure

Chain of command

Question 4. Question : (TCO 5) Ace Inc., an American multinational computer software company, has a large number of hierarchical levels. Each manager is responsible for a few employees and maintains a tight control on them. At Ace Inc., the time taken to make decisions is very high, as each decision needs to go through numerous management layers. Which of the following statements is true about the organizational structure of Ace Inc.?

Ace Inc. has a narrow span of management.

Ace Inc. is a flat organization.

Ace Inc. lacks work specialization.

Ace Inc. is a decentralized organization.

Ace Inc. encourages employees to form self-managed teams.

Question 5. Question : (TCO 5) Kelly, who had recently joined an organization, participates in all corporate events because she wants to be accepted as a friend by her coworkers. According to David McClelland’s three-needs theory, this desire is known as _____.

need for power

need for achievement

need for self-esteem

need for affiliation

need for security

Question 6. Question : (TCO 5) Which of the following is a drawback of David McClelland’s three-needs theory?

It explains motivation in limited contexts.

It has limited practicality in terms of identifying needs.

It is criticized because of the methodology used in the original research.

Subsequent research was unable to validate the model.

It is illogical.

Question 7. Question : (TCO 5) Belief in your ability to complete a task is known as _____.

drive

self-efficacy

self-actualization

rootedness

self-motivation

Question 8. Question : (TCO 5) _____ refers to the idea that carefully designed performance targets and aims can motivate employees to higher performance.

Goal-setting theory

Equity theory

Herzberg’s two-factor theory

David McClelland’s three-needs theory

Expectancy theory

Question 9. Question : (TCO 5) _____ refers to a motivational approach in which managers and employees work together to structure personal goals and objectives for every individual, department, and project to mesh with the organization’s goals.

Scientific management

Theory X-oriented management

Management by objectives

Theory Y-oriented management

Micromanagement

Question 10. Question : (TCO 5) K.M. Retailers, an international consumer products retail chain, gives preference to women and minority-owned suppliers and subcontractors. The firm hires a large number of employees from ethnic minorities and the human resource department keeps the interests of these groups in mind while framing company policies. In this example, K.M.Retailers uses which of the following strategies?

Job enrichment

Ethnocentric policies

Decentralization

Deregulation

Diversity initiatives

Question 11. Question : (TCO 5) Harmony House, a software development firm, had recently hired a large number of software developers to work on several new projects. Colleen, the manager of the human resource department, wanted to assess the effectiveness of the recruitment team. She used a combination of criteria, including the percentage of qualifications met, and subjective assessment by managers to measure how closely newly-hired employees met the company’s needs. Colleen is most likely to be using which of the following tools?

Quality of hire

Employee satisfaction

Utilization percent

Job enrichment

Outplacement

Question 12. Question : (TCO 6) _____ refers to the efficiency with which an organization can convert inputs to outputs.

Productivity

Sustainability

Security

Capacity

System value

Question 13. Question : (TCO 6) _____ refers to the creation of a unique good or service for each customer.

Mass production

Batch production

Customized production

Mass customization

Standard production

Question 14. Question : (TCO 6) Jass Glass Studio has been hired to make a church window. A church hires the company to make ten windows based on a design provided by the church. This is an example of _____.

mass production

batch production

customized production

mass customization

standard production

Question 15. Question : (TCO 6) Dell Computers allows customers to place orders online. The company produces major parts using bulk production and allows customers to personalize such features as software, color, memory size, and screen size. This type of manufacturing is an example of _____.

mass customization

mass production

customized production

mass manufacturing

(TCO 5) Which of the following does an organization chart do?

Depicts the attrition rate in the organization

Depicts the costs incurred by the organization

Shows lines of authority in the organization

Shows the performance of the organization

Shows the growth curve of employees

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Devry BUSN 115 All Quizes latest