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