SDC Intro to Business Practice Questions 2

A manager who is said to “lead with an iron fist” has the following leadership style:

A market situation where there are a few, generally large, sellers who have the power to affect the price

The ultimate resource of a firm is its:

The process where a company expands internationally by allowing a foreign company to use its brand and sell its product.

Which of the key managerial skills involves the ability to think in large, abstract terms?

When the supply of a particular good increases beyond the demand, the good’s price will likely:

A(n) _____ provides vision and direction, as well as understands how and where to use resources to achieve goals.

Which strategies are considered part of the 4 Ps, also known as the marketing mix?

Determining the number of employees a firm may need to hire in the future is what part of the HR Planning process?

Which of the following is considered a consumer market segment?

In the area of Human Resources, if a manager was dating a subordinate, this would be considered what?

A written guide of acceptable and ethical behavior for a given organization is called a ______________________?

The manager that makes up the largest group of managers and who implements strategy developed by top management.

A market situation where there are many buyers and sellers, and no single seller has the power to affect the price.

The recognition that business activities have an impact on society and the consideration of that impact in decisions:

Which of the following is not considered a basic level of management?

What is the Government’s role in Business Ethics?

If 1000 new jobs were created in your hometown, which scenario would likely occur in the local housing market?

The target market is defined as…

Leaders: