Question 1

Correct

2.00 points out of 2.00

Flag question

Question text

In the United States, workers'________ needs, as defined by Maslow, have largely been met by minimum-wage laws and federal occupational safety standards.

Select one:

a. physiological and security 

b. security and social

c. esteem and self-actualization

d. physiological and esteem

Feedback

Your answer is correct.

The correct answer is: physiological and security

Question 2

Correct

2.00 points out of 2.00

Flag question

Question text

Theories X and Y are most closely associated with

Select one:

a. Abraham Maslow

b. Frederick Herzberg

c. Douglas McGregor 

d. Elton Mayo

e. William Ouchi

Feedback

Your answer is correct.

The correct answer is: Douglas McGregor

Question 3

Correct

2.00 points out of 2.00

Flag question

Question text

Mary called her work group together and presented a problem to them: They need to accomplish some extra work in less time than usual. Her employees suggest a plan for handling the situation, and she accepts it. According to McGregor's Theory, Mary could be described as

Select one:

a. Theory X manageer

b. Theory Y manager 

c. a pushover

d. negligent

e. a company person

Feedback

Your answer is correct.

The correct answer is: Theory Y manager

Question 4

Correct

2.00 points out of 2.00

Flag question

Question text

Allowing one employee to work in a position from 8:00 A.M. to 12:00 P.M. and another employee to work in the same position from 1:00 P.M. to 5:00 P.M. is called

Select one:

a. job sharing 

b. work sharing

c. employment sharing

d. position sharing

e. flextime sharing

Feedback

Your answer is correct.

The correct answer is: job sharing

Question 5

Correct

2.00 points out of 2.00

Flag question

Question text

The personal enjoyment you feel from doing a good job or learning something new is an intrinsic reward.

Select one:

True 

False

Question 6

Correct

2.00 points out of 2.00

Flag question

Question text

Morale is important to managers, although it doesn't affect profits.

Select one:

True

False 

Feedback

The correct answer is 'False'.

Question 7

Correct

2.00 points out of 2.00

Flag question

Question text

The Hawthorne Studies earned their name because they were conducted by Mr. Hawthorne.

Select one:

True

False 

Feedback

The correct answer is 'False'.

Question 8

Correct

2.00 points out of 2.00

Flag question

Question text

Job sharing occurs when a company shortens the workweek of all employees by a few hours to avoid layoffs.

Select one:

True

False 

Feedback

The correct answer is 'False'.

Question 9

Correct

2.00 points out of 2.00

Flag question

Question text

Marketing creates value by

Select one:

a. increasing the price of goods

b. helping people obtain what they need and want 

c. spending large amounts of advertising

d. informing people of new products

e. manipulating people into buying products they don't want

Feedback

Your answer is correct.

The correct answer is: helping people obtain what they need and want

Question 10

Correct

2.00 points out of 2.00

Flag question

Question text

The marketing concept states that an organization

Select one:

a. must coordinate its efforts

b. should coordinate activities to fill customer needs

c. should try to satisfy customer needs while also achieving its own goals 

d. should emulate the competition

e. achieve its own goals

Feedback

Your answer is correct.

The correct answer is: should try to satisfy customer needs while also achieving its own goals

Question 11

Correct

2.00 points out of 2.00

Flag question

Question text

A marketing strategy consists of

Select one:

a. developing a marketing mix

b. selecting a target market

c. selecting a target market and developing a marketing mix to satisfy it. 

d. choosing a product to distribute

e. none of the above

Feedback

Your answer is correct.

https://bhcconline.mrooms.net/course/view.php?id=14042#section-5

The correct answer is: selecting a target market and developing a marketing mix to satisfy it.

Question 12

Correct

2.00 points out of 2.00

Flag question

Question text

A marketing research representative who interviews shoppers in a mall is collecting the following type of information:

Select one:

a. secondary data

b. basic information

c. primary data 

d. nondirect information

e. intermediate data

Feedback

Your answer is correct.

The correct answer is: primary data

Question 13

Incorrect

0.00 points out of 2.00

Flag question

Question text

As long as both a buyer and seller have something of value to exchange, an exchange will take place.

Select one:

True 

False

Feedback

The correct answer is 'False'.

Question 14

Correct

2.00 points out of 2.00

Flag question

Question text

Transporting includes warehousing goods.

Select one:

True

False 

Feedback

The correct answer is 'False'.

Question 15

Correct

2.00 points out of 2.00

Flag question

Question text

Competitive and economic forces in the marketing environment include technological issues.

Select one:

True

False 

Feedback

The correct answer is 'False'.

Question 16

Correct

2.00 points out of 2.00

Flag question

Question text

Magazines located next to the checkout counter at a grocery store would probably be classified as

Select one:

a. shopping products

b. convenience products 

c. literacy promoters

d. specialty productss

e. accessory equipment

Feedback

Your answer is correct.

The correct answer is: convenience products

Question 17

Correct

2.00 points out of 2.00

Flag question

Question text

Industrial products such as lumber, cotton, and iron are classified as

Select one:

a. major equipment

b. supplies

c. accessory equipment

d. raw materials 

e. component parts

Feedback

Your answer is correct.

The correct answer is: raw materials

Question 18

Correct

2.00 points out of 2.00

Flag question

Question text

Which of the following is the most flexible variable in the marketing mix?

Select one:

a. Product

b. Production

c. Place

d. Promotion

e. Price 

Feedback

Your answer is correct.

The correct answer is: Price

Question 19

Correct

2.00 points out of 2.00

Flag question

Question text

The type of transportation specifically noted for its flexibility in transporting products is

Select one:

a. pipelines

b. airplanes

c. trucking 

d. railroads

e. ships

Feedback

Your answer is correct.

The correct answer is: trucking

Question 20

Correct

2.00 points out of 2.00

Flag question

Question text

Of the thousands of products introduced every year, most succeed

Select one:

True

False 

Feedback

The correct answer is 'False'.

Question 21

Correct

2.00 points out of 2.00

Flag question

Question text

The best products in the world will not be successful unless companies make them available where and when consumers want to buy them

Select one:

True 

False

Feedback

The correct answer is 'True'.

Question 22

Correct

2.00 points out of 2.00

Flag question

Question text

Whether to distribute a product intensively, selectively, or exclusively depends on buyer behavior, the nature of the target market, and the competition.

Select one:

True 

False

Feedback

The correct answer is 'True'.

Question 23

Correct

2.00 points out of 2.00

Flag question

Question text

___________ are electronic media that function using digital codes and includes media available via computers and other digital devices, including mobile and wireless ones like cell phones and smart phones.

Select one:

a. The Internet

b. Digital media 

c. Virtual realities

d. Digital marketing

e. Online social networking sites

Feedback

Your answer is correct.

The correct answer is: Digital media

Question 24

Correct

2.00 points out of 2.00

Flag question

Question text

_____ are web-based journals in which writers can editorialize and interact with other Internet users

Select one:

a. Online newspapers

b. Wikis

c. Blogs 

d. Social networking sites

e. Virtual realities

Feedback

Your answer is correct.

The correct answer is: Blogs

Question 25

Correct

2.00 points out of 2.00

Flag question

Question text

___________ occurs when criminals obtain personal information that allows them to impersonate someone else in order to use the person's credit to obtain financial accounts and make purchases.

Select one:

a. Privacy violations

b. Identity theft 

c. Bank Fraud

d. Intellectual property theft

e. Online fraud

Feedback

Your answer is correct.

The correct answer is: Identity theft

Question 26

Correct

2.00 points out of 2.00

Flag question

Question text

After accepting a position at IOWatch, Paul realized quickly that he did not have sufficient experience in _________________.

Select one:

a. computers

b. interacting with customers

c. working for a corporation

d. software design

e. marketing 

Feedback

Your answer is correct.

The correct answer is: marketing

Question 27

Correct

2.00 points out of 2.00

Flag question

Question text

The Internet has helped marketers to reach target markets that were previously inaccessible to many businesses.

Select one:

True 

False

Feedback

The correct answer is 'True'.

Question 28

Correct

2.00 points out of 2.00

Flag question

Question text

The Internet is not considered a distribution channel by businesses.

Select one:

True

False 

Feedback

The correct answer is 'False'.

Question 29

Correct

2.00 points out of 2.00

Flag question

Question text

An estimated 90% of illegal software sharing is done by businesses

Select one:

True 

False

Feedback

The correct answer is 'True'.

Question 30

Correct

2.00 points out of 2.00

Flag question

Question text

In double-entry bookkeeping, after gathering together and analyzing source documents and recording each financial transaction in a journal, a financial manager, bookkeeper, or accountant next

Select one:

a. closes out the books

b. posts transactions in a journal

c. posts transactions in a ledger 

d. prepares a trial balance

e. balances the accounting equation

Feedback

Your answer is correct.

The correct answer is: posts transactions in a ledger

Question 31

Correct

2.00 points out of 2.00

Flag question

Question text

The debts Anna's Flowers owes to the Small Business Administration and her company's suppliers represent which of the following?

Select one:

a. Owners equity

b. Assets

c. Liabilities 

d. Stock

e. Bonds

Feedback

Your answer is correct.

The correct answer is: Liabilities

Question 32

Correct

2.00 points out of 2.00

Flag question

Question text

The net income of a company is equal to the total profits minus

Select one:

a. assets

b. equity

c. expenses 

d. sales

e. income

Feedback

Your answer is correct.

The correct answer is: expenses

Question 33

Correct

2.00 points out of 2.00

Flag question

Question text

The information presented in an income statement could be described using which of the following equations?

Select one:

a. equity = liabilities-assets

b. Equity = assets-liabilities

c. revenues-expenses = net income 

d. Net income = expenses-revenues+taxes

e. All of the above

Feedback

Your answer is correct.

The correct answer is: revenues-expenses = net income

Question 34

Correct

2.00 points out of 2.00

Flag question

Question text

Small businesses do not have a need for the financial information compiled by accountants.

Select one:

True

False 

Feedback

The correct answer is 'False'.

Question 35

Correct

2.00 points out of 2.00

Flag question

Question text

Accounting is the recording, measurement, and interpretation of financial information

Select one:

True 

False

Feedback

The correct answer is 'True'.

Question 36

Correct

2.00 points out of 2.00

Flag question

Question text

Only businesses use accounting information to demonstrate how their funds are being used

Select one:

True

False 

Feedback

The correct answer is 'False'.

Question 37

Correct

2.00 points out of 2.00

Flag question

Question text

Money has all the following characteristics except

Select one:

a. portability

b. durability

c. difficult to counterfeit

d. intangibility 

e. stability

Feedback

Your answer is correct.

The correct answer is: intangibility

Question 38

Correct

2.00 points out of 2.00

Flag question

Question text

If consumers do not pay off their entire credit card balance, they will

Select one:

a. have to pay interest on the total paid and unpaid amount

b. receive interest on the paid amount

c. have to pay interest on the unpaid amount 

d. get a rebate from the card issuer

e. have the purchased goods repossessed

Feedback

Your answer is correct.

The correct answer is: have to pay interest on the unpaid amount

Question 39

Correct

2.00 points out of 2.00

Flag question

Question text

When the Federal Reserve sells investments, it

Select one:

a. decreases the money supply 

b. increases the money supply

c. increases the amount of insurance for accounts

d. clears all checks in the system immediatelye

e. keeps the money supply the same

Feedback

Your answer is correct.

The correct answer is: decreases the money supply

Question 40

Incorrect

0.00 points out of 2.00

Flag question

Question text

Money market funds are a form of mutual fund that

Select one:

a. invests in short-term debt securities issued by governments and corporations

b. dispenses cash and allows balance inquiries

c. buys and sells stocks, bonds, and other securities and provide other services

d. is set aside by corporations to provide retirement income 

e. protects clients against financial losses from certain specified risks

Feedback

Your answer is incorrect.

The correct answer is: invests in short-term debt securities issued by governments and corporations

Question 41

Correct

2.00 points out of 2.00

Flag question

Question text

A savings account is the same thing as a money market account.

Select one:

True

False 

Feedback

The correct answer is 'False'.

Question 42

Correct

2.00 points out of 2.00

Flag question

Question text

Credit cards have become an increasingly popular substitute for money because of their convenience and acceptance by merchants around the world.

Select one:

True 

False

Feedback

The correct answer is 'True'.

Question 43

Correct

2.00 points out of 2.00

Flag question

Question text

Most experts believe that banks will continue to consolidate and get larger over time

Select one:

True

False 

Feedback

The correct answer is 'False'.

Question 44

Correct

2.00 points out of 2.00

Flag question

Question text

Because having idle cash on hand is undesirable, a manager may choose to invest in

Select one:

a. credit cards

b. debit cards

c. working capital

d. marketable securities 

e. capital outlay

Feedback

Your answer is correct.

The correct answer is: marketable securities

Question 45

Correct

2.00 points out of 2.00

Flag question

Question text

Current assets include all of the following except

Select one:

a. accounts receivable

b. accounts payable 

c. investments

d. inventory

e. cash

Feedback

Your answer is correct.

The correct answer is: accounts payable

Question 46

Correct

2.00 points out of 2.00

Flag question

Question text

Dan bought three new trucks with a loan obtained from the First National Bank. If he fails to repay the loan, the bank will repossess the trucks. The trucks are

Select one:

a. bought with an unsecured loan

b. bought with a line of credit

c. collateral 

d. interest

e. principal

Feedback

Your answer is correct.

The correct answer is: collateral

Question 47

Correct

2.00 points out of 2.00

Flag question

Question text

What does Glasspray sell?

Select one:

a. Fiberglass spray equipment 

b. Boats

c. Fiberglass

d. Sinks

e. Glasspray does not make anything - it is a wholesaler

Feedback

Your answer is correct.

The correct answer is: Fiberglass spray equipment

Question 48

Correct

2.00 points out of 2.00

Flag question

Question text

One aspect of financial management involves managing cash flow for a business on a daily, weekly, monthly, and yearly basis.

Select one:

True 

False

Feedback

The correct answer is 'True'.

Question 49

Correct

2.00 points out of 2.00

Flag question

Question text

A lockbox is a technique for getting cash into a business's account faster.

Select one:

True 

False

Feedback

The correct answer is 'True'.

Question 50

Correct

2.00 points out of 2.00

Flag question

Question text

Capital budgeting is the process of analyzing business needs and the selection of assets that will maximize the value of the business.

Select one:

True 

False

Feedback

The correct answer is 'True'.