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BIZ - Exam 2 Review - SP22 Flashcards | StudBud
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BIZ - Exam 2 Review - SP22
BIZ - Exam 2 Review - SP22
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Answers
1
External recruitment is an HR function that manages outsourcing
FALSE
TRUE
2
Which of the following is an HR Role in performance appraisals?
Training employees to answer management questions.
Requiring employees to report on the effectiveness of their manager.
Creating evaluation tools that align with Company objectives.
Coordinating the appraisal process between managers in different department
3
A _______ consists of all tangible and intangible features that create value for customers
supply chain
process
servicescape
value chain
4
Which HR responsibilities entails describing the qualification necessary to hold a position within the company?
Job Description
Job Duties
Job Analysis
Job Specifications
5
Data breaches are most commonly the result of:
Technology Issues
Malicious Insiders
Human Error
Malicious Insiders
6
Refers to a process by which you earn interest on the money you invest & the interest you've earned in previous years.
Diversifying
Divesting
Recurring
Compounding
7
A company converts its assets into cash to pay its debts to different companies. Which ratio is being analyzed?
Asset management ratios
Leverage ratios
Profitability ratios
Liquidity ratios
8
Which of the following is challenge employers face as the baby boomer generation ages?
high cost of training baby boomers
loss of key talent and experience to retirement
lack of baby boomer loyalty to their employers
demand for flexible work schedules
9
A beverage firm acquired their supplier of aluminum cans to gain more control of their value chain. Is an example of...
Outsourcing
Vertical Integration
Lean Production
Offshoring
10
The time value of money reflects the fact that:
long-term investments are more profitable than short-term investments.
it is best to have money today, it can be put to work sooner to make more $
a covenant requires the borrower to agree not to borrow any additional fund
financing is a particularly important source of financing
11
A company that sells stock on the stock market.
stock market
public company
market capitalization
private company
12
Cloud computing allows users to access their photos from any computer even without an Internet connection.
FALSE
TRUE
13
Creating objectives for a department that align with the overall objectives of the Company.
Benchmarking Plan.
Strategic Plan.
Tactical Plan.
Operational Plan.
14
What kind of skills do Managers need to do their job?
Technical Skills, Human Skills, Conceptual Skills
Conceptual Skills, Tactical Skills and Human Skills.
People Skills, Technical Skills and Competitive Skills
Technical Skills, Conceptual Skills and Tactical Skills
15
Which of the following is NOT a Human Resources challenge?
Managing layoffs and outsourcing.
Discrimination faced by women in the workplace.
Maintaining the link between pay and performance.
Training employees to use an autocratic leadership style.
16
Which of the following tasks within an airline company are related to operations?
crew scheduling
sales
advertising
international monetary exchange
17
Intangible property is the result of creative effort, such as books, music, inventions, etc.
False
True
18
How does Management go about achieving the Goals of an Organization?
Planning, Controlling and Leading
Leading, Managing and Delegating.
Planning, Organizing, Leading and Controlling.
Planning, Organizing, Managing and Controlling.
19
A(n) _______ is a visual representation of the company's formal structure.
cognitive map
Identity Line
Business Model Canvas
Organization chart
20
Which demographic poses the biggest cybersecurity risk?
Gen X (40-54)
Baby Boomers (55-75)
Millennials (25-39)
Generation Z (18-24)
21
create value by providing customers with goods and services that offer a better relationship between price and benefits.
value
quality
effectiveness
efficiency
22
Data in their raw form are collectively called information.
FALSE
TRUE
23
Financial managers emphasize the goal of maximizing the market price of stock because:
they have to safeguard owner's investments.
they have a fiduciary duty.
they are socially responsible.
their money is at risk.
24
Management refers to one’s ability to influence, motivate and enable others to contribute to an Organization’s success.
TRUE
FALSE
25
Which of the following is not a characteristic of total quality management (TQM)?
Focus on Prevention Rather than Correction
Customer Focus
Empowerment of Employees
Short Term Commitment to Improvement
