BM Unit 1 and Unit 2 ALL

What scenario should be the top priority (look at the time constraints on each)

Which are methods that countries use to control their trade with other nations?

What effect does the underground economy have on the GDP?

Mgmt is process of accomplishing goals through effective use of people and other resources

Which is an absolute advantage for Country A (one can do the same thing better and cheaper)

When consumer spending and consumption decrease, consumer confidence tends to:

Why do some governments set very high taxes on certain products?

A conveyor belt on the assembly line at Hershey's has broken & needs replacing. Conveyor belt ?

If interest rates go down, which would most likely occur?

LDR - continuing to hire addt'l employees will eventually cause the workers' production lev to:

Employee is assigned to handle all incoming phone orders. This is specialization by:

What often happens when a nation has a high unemployment rate?

Increased consumer spending means the economy is stable; increased spending leads to increased

Which can be taxed twice?

What often happens to businesses when interest rates rise?

Sally is a production line worker who is having problems. Who should she report problem to?

An important purpose of management is to ___ the business.

Which of the following are included when calculating the GDP?

What is a reason why the overall unemployment rate understates the actual employment situation?

Tom needs Allison to do her job so he can do his job - She has to do her job before he does his

The number of levels of management that a business needs usually depends on the:

Which is a factor that measures the condition of a country's economy?

When interest rates continue to increase to a high level, the economy might experience a/an:

Which is the FIRST step of effective managerial planning?

An effective way to prioritize work is to categorize tasks into:

The L of DR combines the right amount of resources to achieve production levels that:

Chances of finding & maintaining a job are greatest during the business cycle phase known as:

The prices of goods and services remaining fairly steady is an indication that the economy is:

What is one of the main reasons why governments levy taxes? (make us pay taxes)

The overall objective of workers who form labor unions is to:

Members of Local Union 999 refuse to buy products that are made by their company, Chip Rate. ?

? provides info. about dress code, general rules, vacation policies?

The tax that businesses pay on the profits they earn is an example of _____ tax.

Melanie's supervisor made changes in her tasks so she could finish them easily. Technique ?

Which is most likely to report directly to a corporation's chief executive officer (CEO)?

Unemployment hurts the economy because unemployed people are unable to contribute to the:

Economy is in downturn & many people are unemployed & can not buy more than basic necessities

How long do most business cycles last?

The attitude, "There is always another day," is best described as:

In a floating exchange rate system, currency values are determined by:

When consumers purchase gasoline, telephone services, & tobacco products, they must pay ? tax

In the calculation of the GDP, which component is subtracted?

Which is an example of a cultural and social characteristic of trading with foreign countries?

A plant manager or a department head would be an example of which level of management?

Businesspeople from one country need to be aware of the cultural differences of another country

The owner of a business has asked the manager to open another branch - this is what phase?

It is important for employees to follow the rules of conduct established by management to

How does double counting affect the GDP?

During an expansion phase of the business cycle, businesses will tend to:

? is a company resource that employees often analyze to find policies/procedures

Which is an element of the planning function of management?

Nations that have an unequal distribution of economic factors rely on each other for:

Which question should effective managerial planning answer?

For Bob to pay bills, he has to check with Ingrid to see that there is enough money. This is

A predetermined course of action to provide a guide toward accepted strategies & objectives is:

Which is a company resource that employees often analyze to ascertain policies and procedures?

An economy with a high unemployment level tends to have:

A time mgmt principle that one might consider applying when working on a major project is:

What usually decreases as the rate of inflation increases?

What tends to occur when a country is experiencing political instability?

If an employee continuously fails to follow the firm's rules of conduct, the firm is likely to: