When an individual chooses his or her ideal career, it is most likely a reflection of one's -
values
Of the following, which is not considered a basic
... [Show More] management function necessary to be
an effective manager?
yelling at people
controlling
leading and motivating
organizing - yelling at people
Cultural diversity represents - the differences among people in the workforce
The ability for a manager to think in abstract terms while envisioning the "big picture"
falls into the category of _____, deemed an important managerial trait. - conceptual
skills
What resource tells the managers of a business how effectively the other resources are
being combined and used? - informational
Green Thumbody wants to start a residential landscaping business. How would this
business most likely be classified? - a service business
Best Buy would most likely be classified as - marketing intermediary
The ultimate objective of every firm, such as IBM, Hewlett-Packard, JC Penney, and
Cengage Learning, must be to... - satisfy the needs of its customers
The relationship between sales and profits can be written as - sales revenue - expenses
= profit
During 2013, Just-the-One Jewelry had sales revenues of $1,500,000. This retailer also
had expenses that totaled $800,000. What is the firm's profit or loss amount? -
$700,000
At the end of the year, an individual, small business owner has made $65,000 in profit.
Who does that profit belong to? - the business owner
the study of how wealth is created and distributed. - economics
The study of an individual's economic decisions would be an example of -
microeconomicsCapital or capital goods as recognized by economists would include all of the following
except
machinery
money
raw materials
facilities - raw materials
A person who risks his or her time, effort, and money to start and operate a business is
called a(n) - entrepreneur
business ethics - the application of moral standards to business situations
Customers expect a firm's products to... - be safe, reliable and reasonably priced
Taking credit for others' ideas or work or not meeting one's commitments in a mutual
agreement are ethical issues concerning - fairness and honesty
You are the decision maker for purchasing office equipment in your organization. One
sales representative privately offers you season tickets to the Chicago Bears if you help
him out. This tactic is - bribe
For health-related companies such as Weight Watchers, one of the most frequent
ethical issues related to communications that they face is - deception
At Victoria's Secret, managerial approval is required whenever an employee makes a
purchase at the store using an employee discount. Which factor affecting ethical
behavior is Victoria's Secret seeking to control? - opportunity
The American Apparel Manufacturers Association exerts pressure on its members to
comply with the ethical standards of the industry and provides information and benefits
for textile companies. This company is an example of a(n) - trade association
The recognition that business activities affect society and the consideration of that
impact when making business decisions is referred to as - social responsibility
As far as business is concerned, six of the most important federal laws passed between
1887 and 1914 supported - more competition
Before the 1930s, most government involvement in day-to-day business was aimed at -
protection of the free-market system
What led most directly to increased government involvement with regulating business
and its dealings with society? - the Great Depression
With whom does social responsibility of business have to begin? - management [Show Less]