In what way might a human resources manager be involved in employee benefits?

Determining eligibility and costs of benefits

Which is a reason that a U.S. company would decide to offer its products in other countries:

To expand to new, untapped markets

Appropriate information management saves businesses time and money by

maintaining higher levels of productivity.

How does the finance function relate to company spending?

It plans and controls spending.

Why is production important to businesses?

It creates goods and services businesses can sell.

A country with a weak currency value tends to

decrease its imports and increase its exports.

A socially responsible business will attempt to give customers

the best products at the best prices.

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Prin of Business-a

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business review #1

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Questions 13

Answers

1
In an overall sense, where does marketing occur?
Wherever customers are
Wherever stores are
Wherever advertisements are
Wherever trucks are
2
Running out of inventory can result in
more satisfied customers
higher taxes
higher productivity
lost sales
3
In what way might a human resources manager be involved in employee benefits?
Collecting insurance payments from employees
Choosing an employee's vacation days
Determining eligibility and costs of benefits
Selecting an employee's personal plan options
4
Which is a reason that a U.S. company would decide to offer its products in other countries:
To subsidize developing countries
To expand to new, untapped markets
To sell obsolete, outdated products
To provide jobs to people in other countries
5
In order for an accounting system to be useful to the business, the information must be
posted by an accountant.
approved by the chief executive officer.
accurate and up-to-date.
recorded using the accrual method.
6
en meeting with people from other countries, understanding social differences, such as bowing
human behaviors
non-verbal cues
language barriers
mixed messages
7
Appropriate information management saves businesses time and money by
maintaining yearly raises for employees.
increasing information overload.
maintaining higher levels of productivity.
increasing “paper trails.”
8
How does the finance function relate to company spending?
It produces reports about spending.
It plans and controls spending.
It spends on investment only.
It does not relate to spending.
9
What trends are businesses considering when they analyze where customers live backgrounds?
Cultural
Technical
Environmental
Demographic
10
Why is production important to businesses?
It creates goods and services businesses can sell.
It enables businesses to charge high prices
It informs businesses about consumers' needs and wants.
It prevents businesses from wasting resources.
11
The U.S. produces widgets faster and cheaper than Switzerland. The U.S. has a(n) ___advantage.
constructive
predictable
absolute
comparative
12
A country with a weak currency value tends to
experience high unemployment rates.
rely solely on trade centers to manage the flow of exports.
gain consumer confidence which limits spending.
decrease its imports and increase its exports.
13
A socially responsible business will attempt to give customers
high-quality products at high prices.
the best products at the best prices.
lower quality products at reduced prices.
the best products no matter what the cost

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