Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
he needs to do on his home computer. Which of the following features of his home central processing unit (CPU) may need to be more advanced than that of the typical home computer so that he can do work at home, like performing an analysis?
Student Response A. Size and accessory B. Cable and configuration C. Form and design D. Power and speed
Feedback
Judy is the chief information officer (CIO) for a bank and she is considering upgrading her company's network infrastructure to a new, higher-speed technology standard. She knows that the speed boost will greatly increase the banks ability to process financial transactions quickly, but she must also consider whether the benefit of the new technology outweighs the expense of which of the following?
Feedback
Networks are useful not only to businesses or other large institutions, but also to families that own more than one computer at home. Student Response not answered Value 0% Correct Answer True
Information security is a paramount issue for business today, even more than in the past century. Student Response not answered Value 0% Correct Answer True
Manuel feels that his employees at his check processing company are not accomplishing enough during the workday, and he is concerned that he will be unable to meet deadlines if the problem gets much worse. He suspects that the source of the problem comes from employees abusing Internet access for personal uses. Which of the following can Manuel use to check if employees are using business resources for personal activities?
Student Response A. Camera surveillance B. Digital surveys C. Electronic monitoring D. Employee reports
Feedback
Alicia and her university friends always dreamed of starting a company together, but they all relocated to different parts of the country after graduation. Which of the following is a feature of remote conferencing that could enable Alica and her friends to build a "virtual" company without being in the same place?
Student Response A. It allows national and international calls to be made for free over the Internet instead of over
Feedback
traditional phone networks. B. It enables many people to join a common discussion regardless of their physical location. C. It helps businesses and their clients use the Internet as they discuss different aspects of a particular project in relation to current market trends. D. It allows clients and customers to meet in a much more informal, relaxed way to discuss projects. Intellectual property and copyright law are
Student Response A. always ruled in favor of the employee with the idea. B. falling out of practice because of Internet use. C. changing with the evolution of technology. D. based on who files for copyright first.
Feedback
Student Response A. add files to a system. B. disrupt the operation of a system. C. rearrange folder structures. D. impersonate company employees.
Feedback
The extraction of raw data is critical to the success of select businesses, usually only for the large corporations. Student Response not answered Value 0% Correct Answer False
Curtis, the chief information officer (CIO) at Nexus, Inc., is considering a major investment in a technology. Which of the following questions is Curtis LEAST likely to ask himself before deciding whether or not Nexus should adopt the technology?
Student Response A. How will it generate profits for my company? B. What other services are needed to make it work? C. How will it speak to my other systems? D. What do our customers think of the new technology?
Feedback
Networks are useful not only to businesses or other large institutions, but also to families that own more than one computer at home.
Value 0%
The initial cost of new technology is significantly reduced once installation, training, and customization are underway.
Value 0%
Symposium, Inc. recently partnered with a company located in another city. Workers at both locations need to access information securely on the same network. Which of the following networking solutions would be MOST useful for the two companies?
Student Response A. Wireless LAN (WLAN) B. Virtual private network (VPN) C. Wireless fidelity (Wi-Fi) hot spots D. Wide-area network (WAN)
Feedback
Which of the following issues will affect more employees as technology creates a higher percentage of knowledge-based workers?
Student Response A. Uniqueness of methods B. Ownership of ideas C. Imitation of methods D. Monopoly of ideas
Feedback
Samir's company has been an overnight success, but as a result of its rapid growth, some areas of the business are somewhat disorganized, including its human resources (HR) department. In order to help streamline the HR department's functions, Samir decides to purchase a human resources management system, which is a
Student Response A. software tool that organizes people-related management tasks such as employee reviews, compensation calculations, and applicant management B. software program that creates management programs and offers other useful tips for the human resource department and office managers C. database that contains all client contact information, as well as files that contain private employee information and contracts D. system that
Feedback
allows management to periodically check on and monitor employee activity throughout the course of a day or week All of the following are common personality characteristics of champions of change except ________.
Feedback
In organizations, people who act as catalysts and assume the responsibility for managing the change process are called ________.
Student Response A. operations managers B. change agents C. charismatic leaders D. change masters
Feedback
The three sets of variables that have been found to stimulate innovation are the organization's structure, culture, and technology.
Value 0%
A stress reduction program is any type of intervention designed to help employees remain healthy and fit by controlling their weight, smoking cessation and physical exercise. Student Response not answered Value 0% Correct Answer False
Which of the reasons for resistance to change expressed by an employee may be beneficial to the organization?
Student Response A. uncertainty B. refreezing C. change is incompatible with the interests of the organization D. freezing
Feedback
As change agents, managers should be motivated to initiate change because they are committed to ________.
Student Response A. improving their organization's performance B. promoting the welfare of their employees
Feedback
C. managing and want to do the best they can for everyone D. meeting the competition head-on in the market If Kraft Foods hired a consultant to decrease group friction and enhance cooperative work relationships, this would be an example of managing what change category?
Feedback
Labor markets are an internal force for change. Student Response not answered Value 0% Correct Answer False
Individuals who offer impractical answers to what-if questions are not stifled in an innovative organization. Student Response not answered Value 0% Correct Answer True
What type of change might include a shift from a functional to a product structure?
Feedback
B. computerization C. automation D. a structural design change The three sets of variables that have been found to stimulate innovation are the organization's structure, culture, and technology. Student Response not answered Value 0% Correct Answer False
Change threatens the investment you've already made in the status quo. Student Response not answered Value 0% Correct Answer True
Which of the following steps in the creativity process may take years before the idea finally "gels" and the next step occurs?
Feedback
________ is the process of taking a creative idea and turning it into a useful product, service, or method of operation.
Feedback
How can managers increase the likelihood of making change happen successfully?
Student Response A. observe how competitors are changing B. understand the difficult task at hand C. increase the involvement of individual employees D. focus on how they want to change the organization
Feedback
Probably the most visible technology changes in recent years have come through managers' efforts to expand corporate financing. Student Response not answered Value 0% Correct Answer False
________ refers to the ability to combine ideas in a unique way or to make unusual associations between ideas.
Feedback
Being a manager, with no environmental uncertainty or threat of competitors' new products, would be relatively simple without ________.
Feedback
Never negotiate with employees as a means of overcoming resistance to change. Student Response not answered Value 0% Correct Answer False
One of the primary views of the change process is that change is ________, while the other view is that change is ________.
Student Response A. costly; conservative B. occasional; continuous C. optimistic; pessimistic D. problematic; encouraged
Feedback
Changing human resource management activities to attract and retain registered nurses due to shortages in this field is an example of what kind of environmental change factor?
Student Response
Feedback
A. marketplace B. economic C. labor markets D. technology Managers need to make sure that employees' abilities ________.
Student Response A. are not being affected by their stress B. are being maximized C. are not causing them stress D. match the job requirements
Feedback
Individuals who offer impractical answers to what-if questions are not stifled in an innovative organization. Student Response not answered Value 0% Correct Answer True
Organizational change can be any alterations in people, structure, or technology. Student Response not answered Value 0% Correct Answer True
Student Response
Feedback
A. low tolerance for risk B. high external controls C. tolerance of conflict D. closed-system focus Managing in the dynamic, chaotic world of global competition, organizations must create new products and services ________.
Student Response A. that offer the customer what they want B. and adopt teams as the best way to improve the organization C. at competitive prices and in the correct location D. and adopt state-of-the-art technology if they are to compete successfully
Feedback
What type of change might include a shift from a functional to a product structure?
Feedback
component change B. computerization C. automation D. a structural design change In terms of organizational factors, one of the first ways to reduce workplace stress is to make sure that employees are appropriately matched to their jobs. Student Response not answered Value 0% Correct Answer True
Individuals who offer impractical answers to what-if questions are not stifled in an innovative organization. Student Response not answered Value 0% Correct Answer True
One of the primary views of the change process is that change is ________, while the other view is that change is ________.
Student Response A. costly; conservative B. occasional; continuous C. optimistic; pessimistic D. problematic; encouraged
Feedback
Changing human resource management activities to attract and retain registered nurses due to shortages in this field is an example of what kind of environmental change factor?
Student Response
Feedback
A. marketplace B. economic C. labor markets D. technology Assembly-line technology is changing dramatically as organizations ________.
Student Response A. develop new products for the market B. find new markets for their products C. replace old manually controlled machines with newer machines D. replace human labor with robots
Feedback
If Kraft Foods hired a consultant to decrease group friction and enhance cooperative work relationships, this would be an example of managing what change category?
Feedback
B. structure C. competitors D. people Labor markets are an internal force for change. Student Response not answered Value 0% Correct Answer False
Student Response A. unionization B. selection of Type A employees C. low commitment to training D. high job security
Feedback
All of the following are common personality characteristics of champions of change except ________.
Feedback
Feedback
For ________ to be effective, there must be mutual trust and credibility between managers and employees.
Feedback
Changing human resource management activities to attract and retain registered nurses due to shortages in this field is an example of what kind of environmental change factor?
Feedback
________ is the process of taking a creative idea and turning it into a useful product, service, or method of operation.
Feedback
B. Imagination C. Interpretive thinking D. Creativity In providing assistance to employees being downsized, many organizations offer some form of ________.
Feedback
Student Response A. questions are unstructured B. they are short C. some illegal questions are asked D. questions are structured
Feedback
A list of the minimum qualifications or requirements needed by an employee to perform a job is known as a ________.
Student Response A. job description B. responsibility factor list C. job analysis D. job specification
Feedback
Germany's human resource management practices are similar to most Western European countries in that legislation requires companies to practice ________.
Feedback
Human Resource Management activities and functions such as staffing, attracting and developing an effective workforce are the sole responsibility of the HR department. Student Response not answered Value 0% Correct Answer False
The primary determinant of an individual's pay is the type of job the employee performs, not seniority.
Value 0%
Which of the following is the most reliable and effective basis for evaluation of a training program?
Student Response A. instructor personality B. difficulty level of the training C. reactions of participants and managers to training D. improvement in actual employee job performance
Feedback
An assessment that defines the jobs and behaviors necessary to perform the job is known as a ________.
Student Response A. job specification B. goal-oriented job definition C. job description D. job analysis
Feedback
Feedback
retirements C. attrition D. Internet hiring U.S. organizations spend billions of dollars each year on training courses and formal programs designed to develop their employees' skills. Student Response not answered Value 0% Correct Answer True
Which of the following downsizing methods is accomplished by not filling openings created by normal retirements?
Feedback
Downsizing can be as stressful for the survivors as it is for the victims. Student Response not answered Value 0% Correct Answer True
Student Response A. senior management B. unskilled workers C. routine operatives in the firm
Feedback
D. semiskilled workers ________ indicates how consistently a selection device measures a criterion.
Feedback
A(n) ________ that includes both positive and negative aspects about the job and the company provides higher job satisfaction and lower turnover.
Student Response A. realistic job preview B. unstructured interview C. assessment center D. structured interview
Feedback
Three types of orientation are job orientation, work unit orientation, and organization orientation. Student Response not answered Value 0% Correct Answer True
One disadvantage to employee referrals as a source of job candidates is that candidates tend to be minimally skilled. Student Response Value Correct Answer
not answered
0%
False
While ________ reaches a tremendous number of people, it also generates many unqualified candidates for jobs.
Student Response A. a temporary help service B. school placement C. an internal search D. advertising
Feedback
Which of the following statements is true of current situations in human resource management?
Student Response A. To improve workforce diversity, managers need to narrow their approach to recruiting. B. Some organizations conduct workshops to raise diversity consciousness among current employees.
Feedback
C. Recent research has shown that diversity makes moving into a workforce harder for women and minorities. D. Once a diverse pool of applicants is defined, a manager does not need to address discrimination as a problem. ________ is a process used to compare one's performance with that of others.
Student Response A. A graphic rating scale B. A critical incident C. Multiperson comparison D. Job analysis
Feedback
Germany's human resource management practices are similar to most Western European countries in that legislation requires companies to practice ________.
Feedback
B. collective bargaining C. unionization D. representative participation ________ involves presenting applicants with a miniature model of a job and having them perform a task that is central to that job.
Student Response A. A written test B. A vertically integrated interview C. An interview D. Work sampling
Feedback
________ is the proven relationship between the selection device and some relevant job selection criterion.
Feedback
A written statement of what a job holder does, how it is done, and why it is done is known as a ________.
Feedback
A. job description B. goal-oriented job definition C. job specification D. process departmentalization Demand for human resources is a result of demand for the products or services offered by the organization. Student Response not answered Value 0% Correct Answer True
Feedback
A procedure ________.
Student Response A. is a series of interrelated sequential steps to respond to a structured problem B. allows a manager to use broad decision-making authority
Feedback
C. is a set of guidelines that channel a manager's thinking in dealing with a problem D. is an explicit statement detailing exactly how to deal with a decision Managers can make rational decisions if ________.
Student Response A. the problem is ambiguous B. the alternatives are limited C. the goals are unclear D. time constraints exist
Feedback
Feedback
indicate the correct outcome B. evaluate the outcome of the decision C. pick the criteria for the next decision D. reassign the ratings on the criteria to find different outcomes Who are concerned about the achievements of those around them and are receptive to suggestions from others?
Student Response A. directive decision makers B. conceptual decision makers C. analytic decision makers D. behavioral decision makers
Feedback
According to the text, a study of lifetime creativity found that about ________ of the
Feedback
A disadvantage of group decision making is that no one is individually in charge of making the final decision or outcome, which results in ________.
Student Response A. role ambiguity B. ambiguous delegation C. role incoherence D. ambiguous responsibility
Feedback
Whereas most people can only easily assimilate two or three variables, neural networks can ________.
Feedback
B. identify correlations among hundreds of variables. C. perform operations in a rapid step-by-step process D. rely on specialized knowledge about a particular problem area The ________ blends the nominal group technique with sophisticated computer technology.
Student Response A. groupthink process B. Delphi technique C. electronic meeting D. nominal group technique
Feedback
Feedback
B. programmed C. satisficing D. gut feeling Well-structured problems align well with which type of decision making?
Feedback
Student Response A. A rule is more ambiguous. B. A rule establishes parameters. C. A policy is more explicit. D. A policy establishes parameters.
Feedback
Expert systems enable employee and lower level managers to make high quality decisions that previously could have been made only by ________.
Feedback
Student Response A. is used frequently when a manager faces a structured problem B. allows little discretion on the part of the manager C. offers strict rules as to how a problem should be solved D. requires judgment and interpretation
Feedback
Feedback
alternatives B. identifying a problem C. allocating weights to the criteria D. identifying decision criteria The final step in the decision-making process is to ________.
Student Response A. reevaluate the weightings of the criteria until they indicate the correct outcome B. evaluate the outcome of the decision C. pick the criteria for the next decision D. reassign the ratings on the criteria to find different outcomes
Feedback
Managers using what decision-making style make fast decisions and focus on the short run?
Feedback
If all criteria in the decision making are equal, weighting the criteria ________.
Student Response A. improves the criteria B. improves decision making when large numbers of criteria are involved C. produces excellent decisions D. is not needed
Feedback
The ________ blends the nominal group technique with sophisticated computer technology.
Student Response
Feedback
A. groupthink process B. Delphi technique C. electronic meeting D. nominal group technique The ________ blends the nominal group technique with sophisticated computer technology.
Student Response A. groupthink process B. Delphi technique C. electronic meeting D. nominal group technique
Feedback
A policy ________.
Student Response A. is used frequently when a manager faces a structured problem B. allows little
Feedback
discretion on the part of the manager C. offers strict rules as to how a problem should be solved D. requires judgment and interpretation In Step 5 of the decision-making process, each alternative is evaluated by appraising it against the ________.
Student Response A. criteria B. implementation strategy C. assessed values D. subjective goals of the decision maker
Feedback
Expert systems enable employee and lower level managers to make high quality decisions that previously could have been made only by ________.
Feedback
C. management experts D. senior managers What is the third step in the decision-making process?
Student Response A. implementing the alternative B. selecting the best alternative C. allocating weights to the criteria D. analyzing the alternatives
Feedback
Feedback
According to the text, a study of lifetime creativity found that about ________ of the surveyed men and women were somewhat creative.
Feedback
B. 1 percent C. 60 percent D. 10 percent A retail clothing store manager who estimates how much to order for the current spring season based on last spring's outcomes is operating under what kind of decision-making condition?
Feedback
A ________ is an explicit statement that tells a manager what he or she can or cannot do.
Feedback
_______ decision making is relatively simple and tends to rely heavily on previous solutions.
Feedback
D. Linear Which type is characterized as a careful decision maker with the ability to adapt or cope with unique situations?
Student Response A. conceptual decision makers B. analytic decision makers C. directive decision makers D. behavioral decision makers
Feedback
Feedback
We all have a vested interest in understanding the way organizations are managed because ________.
Feedback
organizations B. if organizations don't improve, we won't have a place to work in the future C. we stand to benefit personally from an individual organization's profits D. we interact with organizations every single day of our lives All of the following are examples of informational roles according to Mintzberg except ________.
Feedback
Feedback
management processes B. for top-level managers than it is for either middle- or first-level managers C. for top-level managers than it is for first-level managers only D. than leading at all levels of management Agency head or plant manager is most likely associated with which of the following?
Student Response A. team leaders B. first-line managers C. middle managers D. top managers
Feedback
The study of ________ helps managers gain a better understanding of motivation, leadership, trust, employee selection, performance appraisals, and training techniques.
Student Response
Feedback
A. sociology B. psychology C. political science D. anthropology According to Mintzberg's management roles, the ________ roles involve receiving, collecting, and disseminating information.
Feedback
Feedback
An organization is ________.
Feedback
profit making for their shareholders B. the physical location where people work C. a deliberate arrangement of people to accomplish some specific purpose D. a collection of individuals working for the same company Which of the following is a central difference between capitalist and socialist economies?
Student Response A. Managers in a capitalist economy do not need to follow governmental regulations. B. The government owns most of the goods-producing businesses in a capitalist economy.
Feedback
C. Efficiency is more important than effectiveness in a socialist economy. D. Effectiveness in a socialist economy is often measured by how many people an organization employs. Score: 0%
Student Response A. high efficiency and high equity B. high efficiency and low effectiveness C. low efficiency and high effectiveness D. high efficiency and high effectiveness
Feedback
Feedback
All of the following are managerial roles that are more important at the higher levels of the organization except ________.
Feedback
The effectiveness of managers of ________ are generally not judged by their ability to maximize profits.
Student Response A. small businesses B. international organizations C. not-for-profit organizations D. Fortune 1000 corporations
Feedback
The roles of ________ are more important for managers of small organizations than for managers working in large corporations.
Student Response A. entrepreneur and negotiator B. spokesperson and disseminator C. figurehead and resource allocator D. spokesperson and entrepreneur
Feedback
Agency head or plant manager is most likely associated with which of the following?
Student Response A. team leaders B. first-line managers C. middle managers D. top managers
Feedback
Modern organizations tend to be more ________ than the traditional organizations of the past.
Feedback
D. command oriented The effectiveness of managers of ________ are generally not judged by their ability to maximize profits.
Student Response A. small businesses B. international organizations C. not-for-profit organizations D. Fortune 1000 corporations
Feedback
Which of the following is not one of the six sets of behaviors that, according to research, is responsible for more than 50% of a manager's effectiveness?
Student Response A. making human resource decisions B. strategic problem solving C. motivating employees and handling conflicts D. organizing and coordinating
Feedback
Feedback
Which of the following is not a philosophy topic relevant to the study of management?
Student Response A. the market ethic B. the democratic ethic C. the liberty ethic D. the Protestant ethic
Feedback
Student Response A. determining what managers should be able to do B. surveying thousands of managers in
Feedback
hundreds of organizations C. closely monitoring the work activities of five chief executives D. conducting research while teaching at UCLA Efficiency refers to ________.
Student Response A. increasing outputs regardless of cost B. the relationship between inputs and outputs C. the additive relationship between costs and benefits D. the exponential nature of costs and outputs
Feedback
Student Response A. high efficiency and high equity B. high efficiency and low effectiveness C. low efficiency and high effectiveness D. high efficiency and high effectiveness
Feedback
Which of the following is not one of the six sets of behaviors that, according to research, is responsible for more than 50% of a manager's effectiveness?
Student Response A. making human resource decisions B. strategic problem solving C. motivating employees and handling conflicts D. organizing and
Feedback
coordinating Which of the following is not one of the six sets of behaviors that, according to research, is responsible for more than 50% of a manager's effectiveness?
Student Response A. making human resource decisions B. strategic problem solving C. motivating employees and handling conflicts D. organizing and coordinating
Feedback
Which of the following is not a criterion that can be used in determining if a business qualifies as a small business?
Feedback
An organization is ________.
Student Response A. a group of individuals focused on profit making for their shareholders B. a deliberate arrangement of people to accomplish some specific purpose C. a collection of individuals working for the same company D. the physical location where people work
Feedback
Which of the following is not a philosophy topic relevant to the study of management?
Student Response A. the Protestant ethic B. the liberty ethic C. the market ethic
Feedback
Student Response A. than leading at all levels of management B. for top-level managers than it is for either middle- or first-level managers C. than any of the other management processes D. for top-level managers than it is for first-level managers only
Feedback
According to Mintzberg's management roles, the ________ roles involve receiving, collecting, and disseminating information.
Feedback
Student Response A. familiarity with and interest in a general field of endeavor B. leadership and efficiency in a certain specialized field C. skill and interest in a general field of endeavor D. knowledge of and proficiency in a certain specialized field
Feedback
Feedback
making C. organization skills D. handling information The Management Standards Center (MSC) is based on an analysis of management activities and focuses on ________.
Student Response A. what effective managers should be able to do, rather than what they know B. what skills efficient managers should have C. what education is needed by effective managers D. what effective managers know, rather than what they should be able to do
Feedback
Student Response A. team leaders B. top managers C. first-line managers D. middle managers
Feedback
The Management Standards Center (MSC) is based on an analysis of management activities and focuses on ________.
Student Response A. what effective managers should be able to do, rather than what they know B. what skills efficient managers should have C. what education is needed by effective managers D. what
Feedback
effective managers know, rather than what they should be able to do Today, the basic management functions are considered to be ________.
Student Response A. commanding, organizing, leading, and staffing B. planning, organizing, leading, and directing C. planning, coordinating, staffing, and directing D. planning, organizing, leading, and controlling
Feedback
Feedback
relationship between costs and benefits C. the relationship between inputs and outputs D. the exponential nature of costs and outputs The process of monitoring, comparing, and correcting is called ________.
Feedback
Imagine that your marketing company has just merged with a manufacturing organization. You have been asked to help provide some "basic" managerial training to the engineers in the research and development unit of the new sister company. To make sure you are covering the necessary issues, your boss has asked to see an overview of materials that you will be providing the engineers.
Another fact that engineers need to learn is that supervisors may frequently be referred to as ________.
Feedback
B. top managers C. project leaders D. middle managers Which of the following is not a criterion that can be used in determining if a business qualifies as a small business?
Feedback
Feedback
Feedback
B. top managers C. first-line managers D. middle managers The Management Standards Center (MSC) is based on an analysis of management activities and focuses on ________.
Student Response A. what effective managers should be able to do, rather than what they know B. what skills efficient managers should have C. what education is needed by effective managers D. what effective managers know, rather than what they should be
Feedback
able to do Unlike the manager of a small business, the most important concerns of a manager in a large organization are focused ________.
Student Response A. externally, particularly on stimulating change B. internally, particularly on the allocation of resources C. on planning ways to improve performance D. on financial matters
Feedback
Which of the following is not one of the six sets of behaviors that, according to research, is responsible for more than 50% of a manager's effectiveness?
Student Response A. organizing and coordinating B. motivating employees and handling conflicts C. strategic problem
Feedback
solving D. making human resource decisions Imagine that your marketing company has just merged with a manufacturing organization. You have been asked to help provide some "basic" managerial training to the engineers in the research and development unit of the new sister company. To make sure you are covering the necessary issues, your boss has asked to see an overview of materials that you will be providing the engineers.
One of the first things the engineers need to learn is that ________ are the people who direct the activities of others in an organization.
Feedback
Feedback
Student Response
Feedback
A. seniority B. education C. experience D. responsibility According to Katz, the four critical managerial skills can be classified as ________.
Student Response A. technical, political, conceptual, and empirical B. technical, interpersonal, political, and controlling C. interpersonal, political, empirical, and technical D. technical, political, interpersonal, and conceptual
Feedback
Student Response A. Being able to make quick decisions B. Not needing to keep specific
Feedback
corporate records C. Having sole responsibility for all debts and liabilities D. Not requiring a separate tax return A proxy fight occurs when a company attempts to persuade the target company's shareholders to replace the existing management with one that is ________ the goals of the acquiring company.
Feedback
Which is the most appropriate business structure for small-business owners who want the legal protection of a corporation and also want to be taxed as sole proprietors or partners of a business?
Feedback
Jaden and Noel are starting a computer repair business together. Jaden insists on
outlining rules for the departure of partners in the partnership agreement, although Noel does not think it is necessary. Which of the following statements might Jaden use to explain his insistence to Noel?
Student Response A. Determining the allocation of profits to new, "junior partners" is important to eliminate future potential conflicts. B. Responsibilities must be clearly delineated to avoid the possibility of one partner overstepping his or her bounds. C. Provisions to remove a partner's ownership interest are necessary so the business does not have to liquidate in the case that one partner needs to or wants to leave. D. As the partnership matures and ages,
Feedback
stipulations as to how profits and losses will be distributed must be made. Lucia owns her own dog walking business and has several employees. She filed no legal paperwork, and has no partners in ownership. Lucia's business is a
Student Response A. separate legal entity. B. limited-liability company. C. sole proprietorship. D. corporation.
Feedback
Which of the following tasks is NOT the responsibility of the board of directors?
Student Response A. Manage company's daily operations B. Authorize the issuance of stock C. Elect corporate officers D. Set policies for the corporation
Feedback
Which of the following is the MOST compelling argument for incorporating a business?
Student Response A. To complete minimal legal requirements B. To protect the owners' personal assets C. To hire more employees D. To avoid paying federal taxes
Feedback
Which of the following describes how a privately held corporation differ from a publicly owned one?
Student Response A. In a privately held corporation, there are more than 25 shareholders; in a publicly owned corporation, there are fewer than 25 shareholders. B. The stock of privately held corporations is regulated by the Securities and
Feedback
Exchange Commission; the stock of publicly owned corporations is regulated by shareholders. C. In a publicly owned corporation, shares are traded on public stock exchanges; in a privately held corporation, shares are not traded on public stock exchanges. D. In a publicly owned corporation, shareholders are involved in daily operations of the business; in a privately held corporation, shareholders have less direct involvement. Magda and Helen share the ownership and the profits and losses of a interior design company. Magda and Helen are operating a
Feedback
A proxy fight occurs when a company attempts to persuade the target company's shareholders to replace the existing management with one that is ________ the goals of the acquiring company.
Feedback
Which of the following represents the biggest difference between partnership and sole proprietorship?
Student Response A. The amount of actual production costs B. The number of people contributing resources C. The number of
Feedback
consumers buying the product D. The amount of promotional expenses Kaye is the CEO of a popular music store in California. She seeks to expand her customer base by meeting with the manager of another music store in Texas. Kaye is seeking a
Student Response A. vertical merger. B. product extension merger. C. market extension merger. D. horizontal merger.
Feedback
If a sole proprietor's business assets aren't enough to pay a liability, which of the following may the proprietor have to use to cover the balance?
Student Response A. Personal assets B. A partner's assets C. Employees' pay D. Shares of stock
Feedback
Which of the following moves would MOST likely initiate a hostile takeover?
Student Response A. The target company's shareholders agree to sell their company's stocks all at the same time. B. The target company's shareholders offer their company's stocks at an attractive rate to the buying company. C. The buying company offers to buy the target company's stocks at a price higher than their current value. D. The buying company delivers an ultimatum to the target company's shareholders to give up
Feedback
their shares. Darla, the sole proprietor of a meal delivery service, is shocked to find out that her personal assets can be seized to pay her mounting business debts. Clearly, when establishing her business, Darla was unaware of which of the following concepts and its relationship to sole proprietorship?
Feedback
Darla, the sole proprietor of a meal delivery service, is shocked to find out that her personal assets can be seized to pay her mounting business debts. Clearly, when establishing her business, Darla was unaware of which of the following concepts and its relationship to sole proprietorship?
Feedback
Maxine runs a small bakery and has four people working for her. Her workers deliver cakes and bread to their customers using a motorcycle that Maxine also owns. During a bad storm, one of the workers skids on the bike and injures a pedestrian. The injured man sues the worker and Maxine, and Maxine is ordered to pay compensation to the injured man. Which of the following reasons BEST explains why Maxine is held liable?
Feedback
against legal action only if the owner or employee is operating on company premises. B. A sole proprietor shares the operation of his or her business with every employee who works for the business. C. A sole proprietor is protected against legal action only if his or her employees sign forms claiming full responsibility for their actions. D. A sole proprietor may incur a liability and become responsible to pay for any damages or personal injuries caused by
his or her employees. When two printing presses in the West Coast merge to form a larger printing company, employee morale is at a record low. Which of the following is the MOST likely reason for this situation?
Student Response A. Employee benefits are among the first cuts to be made under new management. B. Employees often rebel whenever upper management is replaced. C. Employees are threatened because mergers result in the elimination of jobs. D. Employees function better when a company preserves the status quo.
Feedback
Which of the following represents the biggest difference between partnership and sole proprietorship?
Student Response A. The amount of actual production costs B. The number of people contributing resources C. The number of consumers buying the product D. The amount of promotional expenses
Feedback
Like sole proprietors and partners, shareholders of S corporations pay income taxes based on their
Student Response A. contributions to the start-up capital. B. position in the corporate structure. C. personal assets upon incorporation. D. proportionate share of business
Feedback
profits. Lizzie is the CEO of a large corporation that offers accounting services to several companies. She has tried to acquire her closest rival, but her rival's management is opposed to the idea. In order to gain a competitive edge, Lizzie starts a campaign to persuade her rival company's shareholders to vote out its existing management in the hopes of replacing it with a management more amenable to an acquisition. Which method of acquiring a company is Lizzie using?
Student Response A. Tender offer B. Proxy fight C. Synergistic value D. Hostile takeover
Feedback
When two printing presses in the West Coast merge to form a larger printing company, employee morale is at a record low. Which of the following is the MOST likely reason for this situation?
Student Response A. Employee benefits are among the first cuts to be made under new management. B. Employees often rebel whenever upper management is replaced. C. Employees
Feedback
are threatened because mergers result in the elimination of jobs. D. Employees function better when a company preserves the status quo. Which of the following is the MOST compelling argument for incorporating a business?
Student Response A. To complete minimal legal requirements B. To protect the owners' personal assets C. To hire more employees D. To avoid paying federal taxes
Feedback
Kaye is the CEO of a popular music store in California. She seeks to expand her customer base by meeting with the manager of another music store in Texas. Kaye is seeking a
Feedback
extension merger. C. market extension merger. D. horizontal merger. In the event that one of his or her employees harms a customer, a sole proprietor is at risk of
Student Response A. having the company's stocks decrease in value. B. being sued by the federal government. C. being bought out by one of his or her partners. D. losing his or her personal assets.
Feedback