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Q 1/445
Score 0
The organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs.
30
Business
Q 2/445
Score 0
Human resources, material resources, informational resources, and financial resources.
30
What are the four resources a business needs in order to be successful?
445 questions
Q.
The organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs.
1
30 sec
Q.
Human resources, material resources, informational resources, and financial resources.
2
30 sec
Q.
They provide services.
3
30 sec
Q.
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4
30 sec
Q.
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5
30 sec
Q.
Go-between; mediator.
6
30 sec
Q.
Yes
7
30 sec
Q.
The remains after all business expenses have been deducted from sales revenue.
8
30 sec
Q.
Sales revenue - expenses
9
30 sec
Q.
The study of how wealth is created and distributed.
10
30 sec
Q.
The system through which a society creates and distributes wealth.
11
30 sec
Q.
A system in which individuals own and operate the majority of businesses that provide goods and services.
12
30 sec
Q.
A system in which the government owns and controls the means of production.
13
30 sec
Q.
A system where factors of production are owned and directed by the state.
14
30 sec
Q.
Capitalist
15
30 sec
Q.
They include both capitalism and socialism.
16
30 sec
Q.
Factors of production.
17
30 sec
Q.
Land, labor, and capital.
18
30 sec
Q.
They provide public services not provided by businesses.
19
30 sec
Q.
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20
30 sec
Q.
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21
30 sec
Q.
An economic system in which the government controls a country's economy.
22
30 sec
Q.
Socialism and communism.
23
30 sec
Q.
Competing on sales for potential customers.
24
30 sec
Q.
Large number of small that businesses that sell the same type of products with the same characteristics.
25
30 sec
Q.
- It is easy to enter leave the market
26
30 sec
Q.
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27
30 sec
Q.
Quantity of a product producers are willing to sell.
28
30 sec
Q.
Quantity of a product buyers are willing to purchase.
29
30 sec
Q.
The price at which the amount that buyers wish to buy equals the amount that sellers wish to sell.
30
30 sec
Q.
A one seller market.
31
30 sec
Q.
- No competition
32
30 sec
Q.
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33
30 sec
Q.
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34
30 sec
Q.
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35
30 sec
Q.
A large number of small businesses that sell similar products.
36
30 sec
Q.
- Similar products, different characteristics.
37
30 sec
Q.
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38
30 sec
Q.
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39
30 sec
Q.
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40
30 sec
Q.
A few large business that sell identical or very similar products.
41
30 sec
Q.
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42
30 sec
Q.
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43
30 sec
Q.
- Sizable investment needed to enter.
44
30 sec
Q.
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45
30 sec
Q.
A system in which people buy and sell goods by exchanging one item for another; no money is involved.
46
30 sec
Q.
The manufacture of goods in the household setting; a production system that gave way to the factory system.
47
30 sec
Q.
A method of production that brought many workers and machines together into one place.
48
30 sec
Q.
In production, a system in which each worker performs a single part of an entire process.
49
30 sec
Q.
An economy in which more effort is devoted to the production of services than to the production of goods.
50
30 sec
Q.
A system of moral principles.
51
30 sec
Q.
The application of moral standards to business situations.
52
30 sec
Q.
Business people are expected to refrain from knowingly deceiving, misrepresenting, or intimidating others.
53
30 sec
Q.
Business people should put the welfare of others and the company above their own welfare.
54
30 sec
Q.
Situation in which an employee must choose between a business's welfare and personal gain.
55
30 sec
Q.
Business communications that are false, misleading, or deceptive are both illegal and unethical.
56
30 sec
Q.
- Governmental
57
30 sec
Q.
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58
30 sec
Q.
- Code of Ethics
59
30 sec
Q.
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60
30 sec
Q.
Informing the press or government officials about unethical practices within one's organization.
61
30 sec
Q.
A set of guidelines for maintaining ethics in the workplace.
62
30 sec
Q.
The duty to do what is best for the good of society.
63
30 sec
Q.
See image
64
30 sec
Q.
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65
30 sec
Q.
"Let the buyer beware."
66
30 sec
Q.
- Business is a part of society. Therefore, they cannot ignore social issues.
67
30 sec
Q.
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68
30 sec
Q.
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69
30 sec
Q.
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70
30 sec
Q.
- The focus should be on providing a return on investments.
71
30 sec
Q.
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72
30 sec
Q.
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73
30 sec
Q.
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74
30 sec
Q.
A product must be safe and should warn us of dangers.
75
30 sec
Q.
Consumers have access to complete information about a product before they buy it.
76
30 sec
Q.
Consumers should have access to a variety of products and services at competitive prices.
77
30 sec
Q.
Consumers have the right to complain about a product and to be listened to.
78
30 sec
Q.
The right to be fully informed about their rights as consumers.
79
30 sec
Q.
Consumers are entitled to convenience, courtesy, and responsiveness from manufacturers and sellers.
80
30 sec
Q.
A group of people with physical or cultural traits different from those of the dominant group in the society.
81
30 sec
Q.
A program that requires companies doing business with the federal government hire minority, female, and handicapped employees.
82
30 sec
Q.
Contamination of Earth's land, water, and air.
83
30 sec
Q.
A federal agency that enforces laws affecting human and environmental health.
84
30 sec
Q.
- How to restore contaminated land.
85
30 sec
Q.
See image
86
30 sec
Q.
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87
30 sec
Q.
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88
30 sec
Q.
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89
30 sec
Q.
Facilities that burn trash at high temperatures.
90
30 sec
Q.
Excessive noise due to traffic, aircraft, and machinery.
91
30 sec
Q.
- High levels of pollutants still remain.
92
30 sec
Q.
See image
93
30 sec
Q.
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94
30 sec
Q.
- Aviation emissions of carbon dioxide are contributing to global warming.
95
30 sec
Q.
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96
30 sec
Q.
1. Secure the commitment of top executives.
97
30 sec
Q.
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98
30 sec
Q.
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99
30 sec
Q.
See image
100
30 sec
Q.
A report of what the organization has done and is doing with regard to social issues.
101
30 sec
Q.
A business that buys, sells, and trades across national boundaries.
102
30 sec
Q.
The ability to produce something more efficiently than any other nation.
103
30 sec
Q.
The ability to produce a good at a lower cost than another nation.
104
30 sec
Q.
Selling or shipping materials to other nations.
105
30 sec
Q.
Taking in materials into one's own country.
106
30 sec
Q.
The difference between a country's total exports and total imports.
107
30 sec
Q.
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108
30 sec
Q.
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109
30 sec
Q.
Good
110
30 sec
Q.
Bad
111
30 sec
Q.
Tax on a foreign product entering the country.
112
30 sec
Q.
Generate income for the government.
113
30 sec
Q.
See image
114
30 sec
Q.
See image
115
30 sec
Q.
Taxes placed on foreign goods, making them less attractive to consumers and thus protecting domestic industries from foreign competition
116
30 sec
Q.
Selling large quantities of goods in another country below prices in the home market.
117
30 sec
Q.
Nontax policies that governments enact to discourage imports.
118
30 sec
Q.
A nontariff barrier that limits the amount of a good that can be imported.
119
30 sec
Q.
A nontariff barrier that halts trading with a particular nation or in a particular product.
120
30 sec
Q.
A nontariff barrier that restricts foreign currency.
121
30 sec
Q.
A nontariff barrier that lowers the value of a nation's currency relative to the currencies of other nations.
122
30 sec
Q.
The overwhelming amount of government rules, regulations, and paperwork.
123
30 sec
Q.
1. Find product
124
30 sec
Q.
See image
125
30 sec
Q.
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126
30 sec
Q.
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127
30 sec
Q.
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128
30 sec
Q.
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129
30 sec
Q.
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130
30 sec
Q.
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131
30 sec
Q.
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132
30 sec
Q.
Agreement where one firm permits another to produce & market its product and use its brand name in return for payment.
133
30 sec
Q.
Expansion with little investment.
134
30 sec
Q.
- Image impacted if standards not upheld.
135
30 sec
Q.
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136
30 sec
Q.
Partnership set up for a specific purpose for a short period of time.
137
30 sec
Q.
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138
30 sec
Q.
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139
30 sec
Q.
- Immediate market knowledge.
140
30 sec
Q.
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141
30 sec
Q.
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142
30 sec
Q.
- Complexity of agreements.
143
30 sec
Q.
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144
30 sec
Q.
An alliance formed as a part of a plan with important aims.
145
30 sec
Q.
See image
146
30 sec
Q.
See image
147
30 sec
Q.
Firms that develop international trade and serve as intermediaries between international businesses.
148
30 sec
Q.
See image
149
30 sec
Q.
See image
150
30 sec
Q.
Firm's own production and marketing facilities in one or more foreign nations.
151
30 sec
Q.
There is a complete control over operations.
152
30 sec
Q.
It's risky.
153
30 sec
Q.
An international barter transaction.
154
30 sec
Q.
Avoids restrictions on converting domestic currency to foreign currency.
155
30 sec
Q.
A firm that operates on a worldwide scale without ties to any specific nation or region.
156
30 sec
Q.
164 nations dedicated to reducing or eliminating trade barriers.
157
30 sec
Q.
Administers the rules governing trade between its 164 members. Helps international business conduct their business and ensure that trade flows smoothly.
158
30 sec
Q.
A business owned by one person.
159
30 sec
Q.
Sole proprietor
160
30 sec
Q.
72% (23 million)
161
30 sec
Q.
- Easy to start and cancel
162
30 sec
Q.
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163
30 sec
Q.
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164
30 sec
Q.
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165
30 sec
Q.
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166
30 sec
Q.
- Unlimited liability
167
30 sec
Q.
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168
30 sec
Q.
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169
30 sec
Q.
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170
30 sec
Q.
A business owned by two or more people.
171
30 sec
Q.
2
172
30 sec
Q.
Partnership in which partners share equally in both responsibility and liability
173
30 sec
Q.
A partnership that includes at least one general partner who actively manages the company and accepts unlimited liability and one limited partner who gives up the right to actively manage the company in exchange for limited liability.
174
30 sec
Q.
Legal documents that set forth the basic agreement between partners.
175
30 sec
Q.
See image
176
30 sec
Q.
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177
30 sec
Q.
9% (3 million)
178
30 sec
Q.
- Easy to start
179
30 sec
Q.
See image
180
30 sec
Q.
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181
30 sec
Q.
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182
30 sec
Q.
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183
30 sec
Q.
- Unlimited liability
184
30 sec
Q.
See image
185
30 sec
Q.
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186
30 sec
Q.
A business that is owned by many investors.
187
30 sec
Q.
19% (6 million)
188
30 sec
Q.
The process of forming a corporation.
189
30 sec
Q.
See image
190
30 sec
Q.
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191
30 sec
Q.
Share of ownership in a corporation.
192
30 sec
Q.
A person who owns a corporation's stock.
193
30 sec
Q.
A corporation whose stock is owned by relatively few people and is not sold to the general public.
194
30 sec
Q.
A corporation whose stock can be bought and sold by any individual.
195
30 sec
Q.
Contract between the company and the state; state recognizes the artificial person.
196
30 sec
Q.
The primary form of ownership in a corporation. You get a vote in how to run the corporation. Each year the stockholders have a meeting where they vote on various issues and elect members to the Board of Directors.
197
30 sec
Q.
Gives its holders certain privileges that common stockholders don't have. If a company pays dividends, preferred stockholders are paid before common ones. Unfortunately, they don't get to vote.
198
30 sec
Q.
Profit distributed over shareholders quarterly.
199
30 sec
Q.
A group of people elected by the stockholders of a corporation to set the policies for the corporation.
200
30 sec
Q.
Set corporate goals, develop plans, and are esponsible for firm's overall operation.
201
30 sec
Q.
Both
202
30 sec
Q.
The chairman of the board, president, executive vice presidents, corporate secretary, treasurer, and any other top executive appointed by the board of directors
203
30 sec
Q.
1. Stockholders elect board of directors
204
30 sec
Q.
See image
205
30 sec
Q.
See image
206
30 sec
Q.
- Limited liability
207
30 sec
Q.
See image
208
30 sec
Q.
See image
209
30 sec
Q.
- Government regulation and increased paperwork
210
30 sec
Q.
See image
211
30 sec
Q.
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212
30 sec
Q.
See image
213
30 sec
Q.
Taxed like partnership. Avoids double taxation, offers limited liability
214
30 sec
Q.
Institution that functions much like a business, but does not operate for the purpose of generating profits.
215
30 sec
Q.
See image
216
30 sec
Q.
See image
217
30 sec
Q.
Temporary association to perform a specific task requiring a large amount of capital.
218
30 sec
Q.
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219
30 sec
Q.
See image
220
30 sec
Q.
The purchase of one corporation by another; essentially an acquisition.
221
30 sec
Q.
Ownership change that occurs when one company purchases large quantities of outstanding stock in another company, thereby giving controlling interest to the acquiring company.
222
30 sec
Q.
The combination of two or more firms competing in the same market with the same good or service.
223
30 sec
Q.
See image
224
30 sec
Q.
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225
30 sec
Q.
Two or more firms involved in different stages of producing the same good or service.
226
30 sec
Q.
See image
227
30 sec
Q.
See image
228
30 sec
Q.
The joining of firms in completely unrelated industries.
229
30 sec
Q.
A business that is independently owned and operated for profit and is not dominant in its field.
230
30 sec
Q.
Number of employees and average annual sales.
231
30 sec
Q.
Over 70% of small businesses expected to fail within first five years.
232
30 sec
Q.
The desire to create a new business.
233
30 sec
Q.
- Planning
234
30 sec
Q.
See image
235
30 sec
Q.
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236
30 sec
Q.
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237
30 sec
Q.
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238
30 sec
Q.
- Several years to profit
239
30 sec
Q.
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240
30 sec
Q.
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241
30 sec
Q.
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242
30 sec
Q.
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243
30 sec
Q.
Yes (2.5 times more)
244
30 sec
Q.
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245
30 sec
Q.
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246
30 sec
Q.
Force larger firms to become more efficient and responsive.
247
30 sec
Q.
A description of the goals of a business and how it will operate.
248
30 sec
Q.
Governmental agency that assists and protects the interests of small businesses.
249
30 sec
Q.
A business operated under an authorization to sell or distribute a company's goods or services in a particular area.
250
30 sec
Q.
Granting of a franchise.
251
30 sec
Q.
The giver of the franchise.
252
30 sec
Q.
The receiver of the franchise.
253
30 sec
Q.
Two franchisors offer their products together.
254
30 sec
Q.
See image
255
30 sec
Q.
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256
30 sec
Q.
- Well controlled distribution of products
257
30 sec
Q.
See image
258
30 sec
Q.
See image
259
30 sec
Q.
- Failure of the franchisee to operate properly
260
30 sec
Q.
See image
261
30 sec
Q.
- Opportunity to start a proven business with limited capital
262
30 sec
Q.
See image
263
30 sec
Q.
See image
264
30 sec
Q.
- Franchisor retains much control over activities
265
30 sec
Q.
Process of coordinating people and resources to achieve the goals of an organization
266
30 sec
Q.
Establishing goals and deciding how to accomplish them.
267
30 sec
Q.
Expected result over a one-to-ten year period.
268
30 sec
Q.
Expected result over a shorter period of time.
269
30 sec
Q.
Designed to achieve long-term goals.
270
30 sec
Q.
A smaller scale plan developed to implement a strategy.
271
30 sec
Q.
A type of plan designed to implement tactical plans.
272
30 sec
Q.
Plan for unexpected problems (backup).
273
30 sec
Q.
Top management, middle management, and first-line management.
274
30 sec
Q.
See image
275
30 sec
Q.
Identify problems, generate alternatives and select the best solution.
276
30 sec
Q.
Ability to deal effectively with other people.
277
30 sec
Q.
A special skill to accomplish a specialized activity.
278
30 sec
Q.
Ability to speak, listen and write effectively.
279
30 sec
Q.
Ability to think in abstract terms.
280
30 sec
Q.
The ability to influence others.
281
30 sec
Q.
A leadership style when workers told what to do and how to do it.
282
30 sec
Q.
Choosing an alternative that is not the best, but it solves the problem.
283
30 sec
Q.
A group of people who work together to achieve goals.
284
30 sec
Q.
See image
285
30 sec
Q.
See image
286
30 sec
Q.
A diagram that shows the relationships between personnel in an organization.
287
30 sec
Q.
The process of specifying the tasks, duties, and responsibilities of a job.
288
30 sec
Q.
The dividing of a organization into separate units.
289
30 sec
Q.
The number of employees reporting to a supervisor.
290
30 sec
Q.
Assigning part of a manager's work and power to others.
291
30 sec
Q.
Authority is concentrated at the upper levels.
292
30 sec
Q.
Authority is spread in the lower levels.
293
30 sec
Q.
A list of who reports or answers to whom.
294
30 sec
Q.
Separation of activities into distinct tasks and assigning these to different people.
295
30 sec
Q.
Moving employees from one specialized job to another.
An organization structure that creates dual lines of authority (vertical and horizontal; the employees of the organization have more than one boss).
303
30 sec
Q.
Chain of command conflicts, poor communications, and unclear responsibilities.
304
30 sec
Q.
A type of organizational structure viewed as less hierarchical , more decentralized, and more flexible than other structures.
305
30 sec
Q.
High turnover, low morale, and reliance on outside contractors.
306
30 sec
Q.
An informal communication network along which unofficial information flows.
307
30 sec
Q.
Process of making large quantities of a product quickly and cheaply.
308
30 sec
Q.
The ability of being useful (products).
309
30 sec
Q.
See image
310
30 sec
Q.
See image
311
30 sec
Q.
Form, place, time, and possession.
312
30 sec
Q.
Changing the nature of the good (putting it in a more attractive form for customers).
313
30 sec
Q.
Having a product where customers can buy it (this adds value).
314
30 sec
Q.
Making products available when they're needed (this adds value).
315
30 sec
Q.
Allowing consumers to take legal ownership of a product (this adds value).
316
30 sec
Q.
- Consumed immediately
317
30 sec
Q.
See image
318
30 sec
Q.
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319
30 sec
Q.
See image
320
30 sec
Q.
1. Research and development
321
30 sec
Q.
See image
322
30 sec
Q.
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323
30 sec
Q.
See image
324
30 sec
Q.
Improving and adding features to a product.
325
30 sec
Q.
Combining old and new research and putting the knowledge to use.
326
30 sec
Q.
The development of a plan for converting an idea into an actual product.
327
30 sec
Q.
The amount of products that can be produced in a given amount of time.
328
30 sec
Q.
A group of closely related products manufactured by a single company.
329
30 sec
Q.
The process of determining where products are to be produced.
330
30 sec
Q.
Different operations required for different parts of a product.
331
30 sec
Q.
When products undergo the same operations in the same sequence (assembly line).
332
30 sec
Q.
Deciding the amount of products the facility will produce.
333
30 sec
Q.
All activities involved in producing goods.
334
30 sec
Q.
A manager who manages systems that convert resources into goods and services.
335
30 sec
Q.
Select a time period, estimate a market demand, compare market demand to capacity, and adjust capacity to meet demand.
336
30 sec
Q.
Activities involved in obtaining required materials.
337
30 sec
Q.
See image
338
30 sec
Q.
See image
339
30 sec
Q.
Keeping track of the amount of product on hand, sold, and on order.
340
30 sec
Q.
Computerized systems.
341
30 sec
Q.
Ensuring materials and resources are at the right place at the right time.
342
30 sec
Q.
Ensuring that goods and services are produced in accordance with specifications (to make sure goods are suitable for sale).
343
30 sec
Q.
The amount of production per worker per hour.
344
30 sec
Q.
Manufacturing whose goal is to eliminate waste in all aspects of the process (saves time and money).
345
30 sec
Q.
Make business investments in facilities, equipment, and training.
346
30 sec
Q.
People who provide labor and skills in a business.
347
30 sec
Q.
All activities involved in acquiring, maintaining, and developing an organization's human resources.
348
30 sec
Q.
HR planning, job analysis, recruiting, selection, and orientation.
349
30 sec
Q.
- How many employees?
350
30 sec
Q.
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351
30 sec
Q.
Employee relations, compensation, and benefits.
352
30 sec
Q.
Training and development.
353
30 sec
Q.
Increase the workforce.
354
30 sec
Q.
Reduce the workforce.
355
30 sec
Q.
Studying jobs to determine their various elements and requirements.
356
30 sec
Q.
A short few sentences that describes the position and duties a person has.
357
30 sec
Q.
Process of attracting qualified job applicants.
358
30 sec
Q.
- Websites
359
30 sec
Q.
See image
360
30 sec
Q.
Promotion and transfer.
361
30 sec
Q.
Gathering information and choosing the most appropriate applicant (most appropriate vs. most qualified).
362
30 sec
Q.
- Resumes
363
30 sec
Q.
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364
30 sec
Q.
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365
30 sec
Q.
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366
30 sec
Q.
See image
367
30 sec
Q.
See image
368
30 sec
Q.
Acquainting new employees with the firm.
369
30 sec
Q.
The process that a company uses to integrate new employees into an organization.
370
30 sec
Q.
Payment employees receive for their labor.
371
30 sec
Q.
See image
372
30 sec
Q.
See image
373
30 sec
Q.
Rewards in addition to compensation.
374
30 sec
Q.
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375
30 sec
Q.
See image
376
30 sec
Q.
The process of preparing managers to assume increased responsibility in both present and future positions.
377
30 sec
Q.
Working under the supervision of an experienced employee.
378
30 sec
Q.
Training that replicates the work environment.
379
30 sec
Q.
Meetings to discuss and exchange ideas.
380
30 sec
Q.
Acting out the roles of others.
381
30 sec
Q.
Large groups needing the same information.
382
30 sec
Q.
The evaluation of employees' job performance.
383
30 sec
Q.
- Allows managers to make objective HR decisions.
384
30 sec
Q.
See image
385
30 sec
Q.
See image
386
30 sec
Q.
Feedback from everyone a worker interacts with on a daily basis.
387
30 sec
Q.
Men and women who do equal jobs must be paid the same wage.
388
30 sec
Q.
Established a minimum wage and an overtime pay rate.
389
30 sec
Q.
Prohibits discrimination in employment practices based on sex, race, color, religion, or national origin.
390
30 sec
Q.
The internal process that energizes and directs behavior.
391
30 sec
Q.
An employee's feelings about their job and about the firm itself.
392
30 sec
Q.
1. Self-actualization
393
30 sec
Q.
See image
394
30 sec
Q.
See image
395
30 sec
Q.
See image
396
30 sec
Q.
See image
397
30 sec
Q.
Employees believe the rewards for accomplishing a task are worth the effort.
398
30 sec
Q.
A theory that states that people will be motivated when they perceive that they are being treated fairly.
399
30 sec
Q.
The theory that people will be motivated to the extent to which they accept specific, challenging goals and receive feedback that indicates their progress toward goal achievement.
400
30 sec
Q.
Involves the restructuring of a job, usually with the employees' involvement and agreement to make it more interesting.
401
30 sec
Q.
A systematic program of reinforcement to encourage desirable behavior.
402
30 sec
Q.
1. Identify
403
30 sec
Q.
See image
404
30 sec
Q.
See image
405
30 sec
Q.
See image
406
30 sec
Q.
A schedule that allows workers to choose work hours that fit their particular needs.
407
30 sec
Q.
All employees are expected to be at work.
408
30 sec
Q.
Employees may choose whether to be at work.
409
30 sec
Q.
Permanent employment in which individuals work less than a standard work week.
410
30 sec
Q.
To share the responsibilities and duties of a single full time job with one or more other employees.
411
30 sec
Q.
Working at home all or part of the work week.
412
30 sec
Q.
Increasing employee participation in decision making.
413
30 sec
Q.
Employees own the company by being stockholders.
414
30 sec
Q.
gender, age.
415
30 sec
Q.
personality.
416
30 sec
Q.
location.
417
30 sec
Q.
benefit expectations.
418
30 sec
Q.
A particular group of consumers at which a product or service is aimed.
419
30 sec
Q.
- Price
420
30 sec
Q.
See image
421
30 sec
Q.
See image
422
30 sec
Q.
See image
423
30 sec
Q.
A strategy that focuses on keeping and improving relationships with current customers.
424
30 sec
Q.
A report, usually prepared by marketing, predicting future sales of a product.
425
30 sec
Q.
low customer awareness and acceptance; sales rise gradually; high marketing costs, low profits. Make potential customers aware of product.
426
30 sec
Q.
Rapid sales increase; lower price, lower profit. More competition. Improve product or expand product line. Reduce price; broaden distribution (placement).
427
30 sec
Q.
Sales still increasing at slower rate, will decline in later stage. Price competition, more segmented market. Redesign packaging. Encourage new product uses; increase promotional efforts and personal selling
428
30 sec
Q.
Sharp decrease in volume, profits continue to fall. Cover costs, maintain market share, reduce inventory. Retain or eliminate product.
429
30 sec
Q.
All products that an organization sells.
430
30 sec
Q.
A group of closely related product items.
431
30 sec
Q.
Name, symbol, term, and design.
432
30 sec
Q.
Use a different brand for each product.
433
30 sec
Q.
Use the same brand for all or most of the products.
434
30 sec
Q.
Highest possible price during the introduction.
435
30 sec
Q.
Low price for a new product; quickly build market share.
436
30 sec
Q.
Price through bargaining.
437
30 sec
Q.
Temporary reduction on a systematic basis.
438
30 sec
Q.
Temporary reduction on an unsystematic basis.
439
30 sec
Q.
- Odd-number
440
30 sec
Q.
See image
441
30 sec
Q.
See image
442
30 sec
Q.
See image
443
30 sec
Q.
The process of systematically collecting, analyzing, and reporting financial information.