Intro to business (Final Questions)

Management is defined as the process and behaviors used to motivate and inspire others
False
Management is concerned more with planning and organizing then with an agenda setting and inspiring
True
Detroit approach of the study of leadership does not initially yield many practical results other than long list of potential leadership attributes
True
The behavioral approach to the study of leadership emphasizes the actions taken by ineffective leader rather than any specific trait
True
Transformational leadership involves managing change
True
Taking over a leadership role from a charismatic leader is less challenging than taking over a leader lacking charisma
False
Leadership substitutes may make leadership unnecessary for others
True
Leadership neutralizes or tends to outweigh advisability to affect a subordinates performance
True
A coaching role may include taking on responsibility as a mentor
True
Strategic leadership relates leadership to the role of tough management
True
Alice has chosen one alternative among several options. she has just engaged in the decision making process.
True
The more important decision, the more attention needs to be directed to developing alternatives.
True
Ethical norms, managerial authority, and available technology may all strain decision-making
True
Escalation of commitment is the extent to which a decision-maker is willing to gamble when they are making a decision
False
The organizations culture is a prime ingredient foresting different levels at risk propensity
True
All managers are leaders but not all leaders are manager
False
The behavioral approach to the study of leadership identifies two main areas of effective leadership behavior, tree focus behavior, and goal focus behavior
False
The job analysis is a systematic analysis of jobs within an organization is something in a job description
True
The effective approach to the study of leadership identifies two main areas of effective leadership behavior, trade focus behavior, and goal focus behavior
False
Performance appraisal is a design to show workers how well they are doing their jobs
True
Labor relations refers to the process of dealing with an employee that are not represented by a union
False
In setting ways and salary levels the firm start by looking at the competitors level
True
Human resource managers need to forecast the internal and next journal supply of employees
True
A solution to a long-term contract based on only cola is called a wage reopener clause that does not allow wage rates to be renegotiated
False
Companies often use internal recruitment to build morale and keep high-quality employees from leaving
True
When forecasting the internal supply of labor, planners must rely on information from sources such as government reports and figures supplied by colleges on the number of students in major fields
False
The number of variable pay programs in the United States has been consistently falling to the last decade and is predicted that they will continue to decline in popularity
False
Wages refer to compensation usually expressed as an amount paid per year
False
Many firms say that merit raises are better motivators than variable pay
False
In a company-sponsored pension plan employees are not allowed or required to make contributions
False
The enforcement of equal opportunity legislation is handled by two agencies, EEOC and OFCCP
True
The OFCCP is responsible for enforcing executive borders that applied for the company is doing business with health department
False
Employers may require an aids test as a condition for an offer of employment
False
(–?–) wrapping(?) variables describe populations by identifying traits such as age, aging, income, gender, ethnic background, marital status, race, religion, and social class
False
Chronic differentiation is selecting the best price one wishes to sell a product
False
Rational motives involve nonobjective factors to include sociability imitation of others and its studies
False
When selecting someone to hire the first step in the selecting is usually asking the candidate to take a test
False
In recent years some companies have run into problems because they have not set aside enough money to cover the retirement funds they have agreed to provide
True
The institutional market is made up of businesses that bike it’s to be converted into product’s or they are used up during production
False
A private brand is a brand-name developed by a wholesaler or retailer for their product
True
Buzz marketing relies on television advertising to increase brand awareness
False
The formula for value is benefits divided by costs
False
Marketing consists primarily of advertising products or services
False
Marketing concepts can be extended to the promotion of ideas
True
Economic conditions greatly influence marketing plans with product offerings
True
A description such as a single age 20 to 24 earnings $30,000 a year is an example of a physiographic barrier
False
Sears craftsman tools is an example of a private brand
True
The B2B market includes industrial reseller and governmental institution markets
True
Packaging Cannonshire advertisement that makes a product attractive, display the brand-name, and identifies features and benefits
True
Companies with an existing distribution network are a disadvantage in the global context
False
Time utility is created by sales agreement that stipulates where products will be delivered to customers
False
Target marketing requires dividing the marketing into categories of consumer type or segments
True
The variable cost of a product of those costs have changed due to the conditions of the market
True
If prices are set to high the company will make a large profit on each item but will sell fewer items
True
Price giving occurs when a company sets and initially low-priced to establish a new product in the market
False
Companies using Priceline and often all items in certain product categories are at limited number prices
True
Discount houses, catalog showrooms, and factory outlets are examples of product line retailers
False
The distribution makes is a combination of the channels that a firm selects to get a product to end-users
True
Shopping agents help people shop from factory outlet stores
False
The oldest and most expensive form of sales is personal selling
True
The only goal of determining prices is to maximize profits for the firm
False
Sales promotion or short term promotion activities designed to stimulate customers buying or cooperation from distributors, sales, and sale agents, or other members of the trade
True
For making pizzas, the cost of cheeses a fixed cost
False
Product price above the market plane are the common assumptions that the higher pricing the higher-quality
True
Using the odd even psychology pricing strategy suggest that restaurants should price an entrée at $10 instead of 9.95
False
Most business product use distributors from direct channel
True
Agents and brokers buy products from manufacturers and then sell them to businesses
False
Shopping agents allow customers to purchase product directly from their site
False
One drawback of a nondirect distribution is higher prices
True
The controller is the company’s chief accounting officer
True
The firms financial accounting system is only concerned with external uses of information
True
An asset is defined as an economic resource expected to benefit of firm or an individual who owns it
True
An audit examines whether a firms financial statements form and generally accepted accounting
True
Current assets refer to all assets that can be liquidated a short amount of time
True
Activity ratio allows investors to compare the relative differences to similar companies
True
The primary goal of the standard practices and principles and accounting recording is to ensure external users that information is accurate and has meaning
True
The purpose of ethics in an accounting is to maintain public confidence in the business institutions, financial markets, and the products and services of the accounting profession
True
The international accounting standards Board is a prominent international organization for global accounting standards
True
Book keeping is a comprehensive system for collecting, analyzing, and communicating financial information
False
Due to concerns of accounting frauds certified public accountants that are licensed by security can exchange information
False
Joe has good reason to suspect that his investments in XYZ manufacturing are being fraudulently recorded and used by the accountants of the company. In order to start an investigation he needs to go to the American Institute of Certified Public Accountants
False
In order to increase the quality of the current accountants the CPA vision project has reasserted the ability to use and calculate the large amount of numerical data as a primary confidence for accountants
False
Owners equity is net worth minus liabilities
False
If the companies assets excuses liabilities, the owners equity is negative
False
Assets are characterize as a capacity at which they benefit a company
True
The most liquid asset for a firm are marketable securities that can be sold very quickly
False
Any object in service money, if it is portable, divisible, durable, and stable
True
The M2 money supply includes everything that is in the M1 money supply
True
In a mutual savings bank all the depositors are considered owners of the bank
True
The banker except as requires payment by a specified payer
True
Although the FDIC, two of those are the Federal deposit insurance program
False
As the government bank, the feds, lend money to the government
True
Like most of the federal government the governors of the Federal Reserve Are democratically elected by the citizens of the United States
False
The divisibility characteristic of money is illustrated by a financial companies ability to divide it’s monetary aspects among several investments
True
The reason why a savings account is not considered a component of the M1 money supply is that it shares interest
False
The primary rate of a particular bank is the average interest rate of the commercial loans currently being paid by borrowers from the bank
False
Savings and loan associations began primarily to loan money to small to medium sized businesses
False
In order to save money on transactional costs the U.S. Treasury is moving to electronics form transfers from payment rather than using checks
True
Individual retirement accounts can be opened only by self employees such as doctors, mortgagors, owners, and consultants
False
Banks create money through contracts to the government to mint bills and coins
False
One of the daily responsibilities of the Federal Reserve system is to regulate the current federal funds rate
False