When looking at an org chart, where are most people employed?

At the bottom where the work gets done

What is "contract manufacturing"?

When a company outsources production to help keep up with demand

What does comparative advantage mean?

Production grows in markets where products can be made most efficiently

Movement of goods among nations without political or economic barriers.

Which steps are included in Decision Making?

Define the Situation, Collect Information

Which of these is NOT true of strategic planning?

Action plans for each team are developed in this process

When a brand licenses their brand trademarks...

Companies can pay to use the trademarks on their product, The brand equity can be damaged if their are quality issues, Most of the profit goes to the company paying for the trademark

A form of protectionism, An economic barrier to trade that makes some goods more expensive, A way to help American workers

How does the Federal Reserve use the Discount Rate?

More money on hand gives bank more money to loan which speeds the economy.

If someone works in the in-house creative agency at Georgia-Pacific, who are their customers?

They have internal customers like the various brand teams

What is an "exchange rate"?

The value of currency in terms of another currency

Expect Accountability, Communicate Clearly, Set a Vision for the Company, Embrace Change

When middle managers take on the planning function, they...

Set precise measurement standards, Develop strategies to reach their goals, Set goals for the team

A gig economy results in ...

The use of Contingent Workers/Contractors

The balance of trade shows...

The difference between exports and imports by dollar value

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Biz Quiz 4 - ch 2, 6, 10 and 16

26 termsStudBud Administration1,293 plays

Global, Management, HR, Money

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Questions 26

Answers

1
When looking at an org chart, where are most people employed?
In the middle where managers determine how goals will be met
At the supervisory level where all of the teams are coordinated
At the bottom where the work gets done
At the top where all of the strategic decisions are made
2
Duties of the Human Resources Department include ...
Recruiting new employees
Resolving legal issues
Determining when employees are ready for promotions
Counseling employees on how to integrate into the company successfully
3
What is "contract manufacturing"?
When a business owner pays for a location of a business
When a company pays for the use of a brand's trademark
When a company outsources production to help keep up with demand
When unions sign contracts with manufacturing companies
4
Which piece of legislation dealt with harassment in the workplace?
Civil Rights Act of 1991
Title IX
Americans with Disabilities Act
Civil Rights Act of 1964
5
What does comparative advantage mean?
Production grows in markets where products can be made most efficiently
Some countries have an advantage on products like gold, coffee and bananas
Some markets pay lower wages and this hurts producers in other markets
Some consumers only want products made in their home country
6
What is free trade?
The import/export companies are not allowed to charge for their services
Movement of goods among nations without political or economic barriers.
When countries "dump" low-cost goods in a country to disrupt competitors
When companies do not respect patents and trademarks from other countries
7
Sasha made a piece of jewelry for Leo to give his girlfriend. Leo made a video to help Sasha promote her business.
Partnership
Payment
Barter
Joint Venture
8
Which steps are included in Decision Making?
Define the Situation
Assign Team Member Roles
Define the break-even point
Collect Information
9
The Americans with Disabilities (ADA) Act requires employers to...
Make reasonable accommodations
Give preferential treatment to people with disabilities
Make changes to the job description for the capabilities of the employee
Adust the workspace conditions to meet the needs of the employee
10
Which of these is NOT true of strategic planning?
Determines the major goals of the organization
It is done by upper management to set the direction for the company
Action plans for each team are developed in this process
Determines the best way to use resources
11
Some countries have an Absolute Advantage with some products. What kind of products?
Coffee
Diamonds
Computers
Jeans
12
When a brand licenses their brand trademarks...
Most of the profit goes to the company holding the trademark
Companies can pay to use the trademarks on their product
The brand equity can be damaged if their are quality issues
Most of the profit goes to the company paying for the trademark
13
What are "tariffs"?
A form of protectionism
A tax on transportation costs
An economic barrier to trade that makes some goods more expensive
A way to help American workers
14
Which TWO nations are the largest in terms of importing and exporting goods?
India
The US
The countries of the EU
China
15
How does the Federal Reserve use the Discount Rate?
More money on hand gives bank more money to loan which speeds the economy.
Less money on hand gives bank more money to loan which slows economy.
More money on hand gives bank less money to loan which slows the economy.
More money on hand gives bank more money to loan which slows the economy.
16
If someone works in the in-house creative agency at Georgia-Pacific, who are their customers?
They don't really have customers because they are a part of the company
Both internal and external customers
They have internal customers like the various brand teams
They have external customers like Coca-Cola and other local firms
17
At what level in the organization are conceptual/strategic skills the most important?
Middle Management
Supervisory/First Line Level
Upper Management
Finance Dept
18
What is an "exchange rate"?
The value of currency in terms of another currency
The value of exports vs imports
How fast goods can be imported or exported
The rate in which people barter in less industrialized markets
19
Leaders must ...
Expect Accountability
Communicate Clearly
Set a Vision for the Company
Embrace Change
20
What is the difference between training and development?
Development is short term
Development includes demonstrations of doing the job properly
Training is short term
Both training and development focus on long-term goals
21
When middle managers take on the planning function, they...
Set precise measurement standards
Develop strategies to reach their goals
Provide a strategic plan for the whole company
Set goals for the team
22
The process of creating a "Plan B" for use in the event of an unexpected development is called..
Contingency Planning
Crisis Management
Tactical Planning
Operational Planning
23
A company's mission statement includes ...
A brief history of the company
Their philosophy
Information about the leadership team who will accomplish the goals
Their revenue and profit goals
24
A gig economy results in ...
Higher unemployment
Reduction in GNP
The use of Contingent Workers/Contractors
More employees retiring than expected
25
The balance of trade shows...
The total the government made from tariffs.
The tax revenue incurred from trading with other countries
How much free trade costs a country in exports.
The difference between exports and imports by dollar value
26
What are the steps in the HR planning process?
Job Analysis
Job Description
Union Membership
Networking

Biz Quiz 4 - ch 2, 6, 10 and 16 Flashcards | StudBud