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