Businesses engage in environmental protection activities to show their responsibility to
their general public stakeholders. - True
The critical path
... [Show More] method (CPM) is used to design, test, and modify new and existing
products. - False
A tall organization structure has many managerial levels and a long chain of command.
- True
Management involves: - All of the above
One of the documents that help human resource planners find the right person for a
specific job is a list of tasks and responsibilities required of the job. This document is
known as a: - Job Description
Service companies generally use a repetitive or intermittent production process rather
than the continuous process. - True
A well-designed product transcends cultural barriers. It does not need to be changed to
suit different countries or cultures. - False
Retained earnings are the amounts left over from profitable operations since the firm's
beginning. They are equal to total profits minus all dividends paid to stockholders. - True
Economics is the study of a society's financial institutions. - False
The marketing concept: - does all of the above?
A current asset is one that can or will be converted into cash within one year. - True
_____ is the set of moral standards for judging whether something is right or wrong. -
Ethics
_____ is the gap between what is and what is desired, and _____ is the gap between
what is and what is required. - A want; a need
Employee ownership creates too much stress and is a poor motivator. - False
Types of promotional goals include creating awareness, increasing the use of products,
and identifying potential customers. - True
Internet retailing is also called e-retailing. - TrueThe International Monetary Fund (IMF) was created to promote trade through financial
cooperation by working to eliminate trade barriers. - True
Leon Georges works in the warehouse for a manufacturer of air-purification systems.
He is responsible for the transportation of metal components, preformed plastic, etc.
used to manufacture the systems as well as the efficient movement of the finished
systems from the manufacturing facility to the warehouse to distribution trucks. Georges
is involved in: - distribution
_____ planning is the creation of long-range, comprehensive objectives and the
development of long-term courses of action. - Strategic
The $350 charged to the homeowner for electrical work performed one month ago is an
example of a note receivable. - False
Performance appraisals are comparisons of actual performance with expected
performance. - True
In 2004, Albertson's Inc. purchased Southern California's premier fresh, gourmet, and
specialty food retailer, Bristol Farms. This was an example of an acquisition. - True
The matrix structure is a combination of a line and a staff organization. - False
Performance appraisals are used most often to make decisions about pay raises,
training needs, and advancement opportunities. - True
The Sarbanes-Oxley Act redefines the public corporation-auditor relationship and
restricts the types of services auditors can provide to clients. - True
Scientific management focused primarily on how human behavior and relations affect
organizational performance. - False
In business, an example of a protected class would be the spotted owl, whose habitat
loggers and the paper industry may not disturb. - False
Selling a firm's accounts receivables to a financial institution at a discount is called
countertrading. - False
Which of the following is an advantage of sole proprietor ownership? -
Making sure that enough cash is on hand to pay bills as they come due and to meet
unexpected expenses is called cash: - management
Labor, as a factor of production, relates only to the production of manufactured goods;
services are not included. - False [Show Less]