EGCC BUS 101 Intro to Business - Final Exam (Complete Solutions, Answered) One of the primary goals of Burberry, a British retailer, is to expand its
... [Show More] market. When the company allocated resources so that it could open two stores in Japan, it was engaged in which management function? Organizing Which of the following statements about utilitarianism is true? Utilitarianism is designed to create both winners and losers. T/F; The strategy that is based on the demand for the product and the cost of producing it is called the pricing strategy. True T/F; If the sole proprietorship acquires a legal business name, the owner then has limited liability. False T/F; The marketing concept emphasizes a consumer orientation. True T/F; A brokerage firm is an example of a depository financial institution. False T/F; At the first level of a management support system is an information-reporting system. True A company with few managerial levels and a short chain of command usually has a wide span of control. This is called a _____ organizational structure. Flat T/F; In the product development process, most companies utilize the concepts of brainstorming, screening, and test marketing. True T/F; A computer program that copies itself into other software and can spread to other computer systems is called a software infestation. False T/F; Managers can use equity theory to improve worker satisfaction. True T/F; With the goal-setting theory, managers have learned that easier goals motivate more effectively than challenging ones. False T/F; Of all the forms of equity capital, venture capital is the easiest to obtain. False _____ involves coordinating and allocating a firm's resources so that the firm can carry out its plans and achieve its goals. Organizing Operations managers: are accurately described by all of the above _____ management is the art and science used to determine the most effective ways to acquire and use funds to achieve the firm's goals. Financial T/F; Armenia had a favorable balance of trade in 2018 when it exported $800 million in goods and services and imported $1.5 billion. False According to Frederick Taylor's scientific management theory, the most important motivator in the workplace is: Money T/F; Due to their size large businesses tend to have greater flexibility than small businesses. False T/F; Social responsibility is a voluntary obligation. True Which of the following is NOT one of the main activities for a human resource manager? coordinating marketing and production activities T/F; The three participative leadership styles are consultative, democratic, and socialistic. False The Blue Bird Bus Company in Georgia sells buses to the South African government. To South Africa, these buses are an example of: Imports T/F; Chewing gum, flashlight batteries, sewing needles, and adhesive tape are considered convenience products. [Show Less]