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MBA
Capstone
| Question | Answer |
|---|---|
| The percent of fixed assets to total assets is an example of | vertical analysis |
| The process by which management plans, evaluates, and controls long-term investment decisions involving fixed assets is called | capital investment analysis |
| Which of the following are present value methods of analyzing capital investment proposals? | Net present value and internal rate of return |
| One issue to consider when investing in assets in foreign countries is | that local currency may weaken to the dollar causing adverse effects on the investment’s return |
| A set of values, beliefs, goals, norms, and ways of solving problems that members (employees) of an organization share | corporate culture |
| The use of bribery in international business is | an acceptable business practice in many countries' cultures |
| What qualitative considerations may impact upon capital investments analysis | manufacturing sunk cost. |
| T/F Racial and sexual discrimination are not limited to the United States. | TRUE |
| What created an international ethics code? | Caux Round Table |
| Lumber yards that charge premium prices to earthquake or hurricane victims seeking to rebuild are practicing | gouging. |
| For both managers and external financial analysts, __________ is the single most important accounting number found on the income statement. | net income (net profit after tax) |
| __________ ratios would provide the best information regarding total return to common stockholders | Profitability |
| When a firm has no "other income," its operating profit and __________ are equal. | .EBIT |
| The cash budget is most critical for | Small firms |
| T/F The law of economies of scale suggests that unit costs continue to fall indefinitely as output volume increases. | FALSE |
| T/F While Information Systems (IS) have greatly improved externally focused decision making, they have had little impact on lowering costs. | FALSE |
| The resources and capabilities that lead to the formation of distinctive competencies are mostly created at which level of the organization? | Functional |
| Unit cost reductions associated with a large-scale output. | Economies of scale are |
| Research and development (R&D) can help a company improve quality by | designing products that are easy to manufacture |
| T/F SWOT analysis is implemented to fine-tune strategies. | TRUE |
| The principal driver(s) of shareholder value is (are) | profitability and profit growth |
| Matching an organization's structure and control systems to the requirements of a company's strategy is | part of the strategy making process. |
| T/F A localization strategy is based on consumer tastes and preferences differ among national markets | TRUE |
| Attaining a credible commitment from a potential partner | .is a way to minimize opportunism. |
| Gross private domestic investment is equal to all purchases of newly produced capital goods | plus changes in business inventories plus purchases of new residential housing |
| Gross Domestic Product (GDP) is the total market value of all | final goods and services produced annually within a country's borders |
| T/F . A sweater purchased by someone in a department store is a final good | TRUE |
| In the business cycle, what is the difference between the recovery phase and the expansion phase? | The expansion phase is the period when Real GDP increases beyond the recovery phase. |
| Real GDP equals | A. the sum of all the current-year quantities times their base-year prices and B. GDP divided by the chain-weighted price index times 100 |
| As the price of good A rises, the demand for good B rises. Therefore, goods A and B are | substitutes. |
| The law of supply states that price and quantity supplied are | directly related, ceteris paribus |
| T/F Scarcity and shortage are synonyms | FALSE |
| University A sets tuition at the equilibrium level based on price and then imposes entrance requirements in the form of minimum high school GPA and SAT scores. Enrollment at this school will likely be | below equilibrium because of the non-price rationing. |
| Suppose that some group of people are interested in seeing that less of a given product is sold in the market. Which of the following is a possible solution that might help to achieve this goal? | A. Raise the price so that the quantity demanded will be reduced. B. Reduce the demand for the product. C. Reduce the supply of the product. |
| What is least likely to result in collusion? | Heterogeneous products. |
| In some industries where pressures for globalization are relatively low, local firms may possess some skills and assets that are transferable overseas, thus leading to a/an_____strategy | Extender |
| Local firms in emerging economies typically can at least match the ________ of MNEs. | A. Expertise B. Experience C. Endowments D. A and B above E. None of the above Correct Response: E |
| Multidomestic strategy involves all of the following except: | Global standardization strategy is the same as a multidomestic strategy. |
| Which of the following is a customer-focused dimension? | Which of the following is a customer-focused dimension? A. Global account structure. B. An industry sector structure. C. Solutions-based structure. |
| Many IT professionals start their careers as programmers, or programmer/analysts, and then are promoted to ____, positions that require a broad range of skills. | systems analysts |
| You might find organizations where there are both a CIO and a ____ and one reports to the other. | CTO |
| Although the use of ____ typically increases with the level of management, the systems are used at all levels, and often by nonmanagerial staff. | DSSs |
| When organizations use a supply chain management (SCM) or ____, the databases of such systems provide the data for the DSS | customer relationship management (CRM) system |
| Clicking different areas of a map can zoom in and out as well as bring up related information in the form of other maps or text, utilizing the ____ capabilities of the Web to the fullest. | multimedia |
| ____ are applications that combine features of two or more online applications. | Mashups |
| Leadership effectiveness tends to be higher when the leader's intelligence is | a little higher than that of the average group member |
| Creativity among leaders tends to be distributed | along a continuum from low to high |
| An important strength of the trait approach to leadership is that it | can help with leadership selection and development |
| An important approach to succession planning is to | develop enough strong leaders throughout the company |
| Because individual differences exist among leaders, before conducting a leadership development and training program, first | conduct a needs analysis |
| When directors on a board serve for a fixed term but are not elected all at once it is known as a ________ board. | staggered |
| The ____ is a program developed by the industrialized countries to assist developing nations by improving their ability to export | Generalized System of Preferences |
| In the United States, the value of an article for customs purposes is normally the ____value, which is the price indicated on the sales invoice. | transaction |
| Under the principle of ____, a court will enforce another country's judgments under certain conditions. | comity |
| T/F Countries are prohibited by international law from regulating the percentage of foreign ownership of businesses that are incorporated within their borders. | FALSE |
| Which of the following statements about recruitment activities is true? | A. Recruiting and hiring are interchangeable terms. B. Effective recruitment attracts individuals to the organization C. Recruiting has little effect retention. |
| T/F Rehiring former or laid-off employees as contingent workers is an effective method of recruiting. | TRUE |
| Correct underutilization of qualified members of protected groups in an organization's relevant labor market | Affirmative action programs (AAPs) |
| If a company has a federal contract of more than $50,000 and has 50 or more employees, | must have and abide by an equal employment policy |
| Causes of voluntary employee turnover include | low pay |
| The ability to produce a product in high volume at roughly the same cost as standard products but customized to individual customer tastes is | Mass customization |
| If a quality improvement plan is implemented and then periodically evaluated and it is discovered that the plan did not show improvement, what should be done? | Earlier assumptions need to be reevaluated |
| Which of the following is not generally considered a driver for best practices | A. Organizational culture B. Employee skills C. Recognition systems D. Customer satisfaction E. Training programs Correct Response: D |
| Making the size of a gas pump nozzle different from that of a diesel pump nozzle is an example of what technique? | A. Mistake-proofing B. Benchmarking C. Sampling D. Brainstorming E. FMEA Correct Response: A |
| Attribute data can be tracked on what type of control chart? | P chart |
| The communication competency is linked to effective performance of all but which of the following skills? | liaison skill |
| The communication competency is linked to effective performance of which of the following skills? | questioning skill |
| The ____ skill is the process of integrating information and emotions in a search for shared meaning and understanding. | active listening |
| Ethics are considered to be the ____ that distinguish right from wrong. | values and principles |
| Technological change tends to have: | both positive effects and negative effects |
| Coordinating the flow of all goods, services and information among channel members, and throughout the channel, is referred to as | logistics |
| _____ strategies are incentives a manufacturer offers to its distribution partners such as dealers, wholesalers, retailers, and the like to sell products to the end-users. | Push marketing |
| Every marketing decision should be based on | facts |
| There are two primary considerations in marketing strategy. Which is NOT one of the two considerations? | A. Where are we? B. Where do we want to go? C. What are we going to do? D. None are considerations. Correct Response: C |
| Bill advises Mary that there are essentially three strategies to achieving goals. Assuming Bill is correct, how would he describe these three strategies? | do nothing; do nothing different from status quo; do something different |
| T/F Dealing with uncertainty includes measuring uncertainty and modeling uncertainty explicitly into the analysis. | FALSE |
| T/F Data are usually meaningless until they are analyzed for trends, patterns, relationships, and other useful information. | TRUE |
| The sampling method in which a population is divided into blocks and then selected by choosing a random mechanism is called a | systematic sampling |
| A judgmental sample is a sample in which the | sampling units are chosen according to the sampler’s judgment |
| The opportunity for nonsampling error is increased by | larger sample sizes |
| The hypothesis of most interest to the researcher is | the alternative hypothesis. |
| T/F It is possible to commit a Type I error and a Type II error at the same time. | FALSE |
| Which of the following p-values will lead us to reject the null hypothesis if the level of significance equals 0.05? | 0.025 |
| If we do not reject the null hypothesis, we conclude that: | there is not enough statistical evidence to infer that the alternative hypothesis is true. |
| T/F The expected monetary value (EMV) of a decision alternative is the sum of the products of the payoffs and the state of nature probabilities. | TRUE |
| 4 P's in Controllable Variables | Products Pricing Promotion Place |
| 4 P's are the goods and services that your business provides for sale to your target market. When developing a product you should consider quality, design, features, packaging, customer service and any subsequent after-sales service. | Products |
| 4 P's concerns the amount of money that customers must pay in order to purchase your products. There are a number of considerations in relation to price including price setting, discounting, credit and cash purchases as well as credit collection. | Pricing |
| 4 P's act of communicating the benefits and value of your product to consumers. It then involves persuading general consumers to become customers of your business using methods such as advertising, direct marketing, personal selling and sales promotion. | Promotion |
| 4 P's in regards to distribution, location and methods of getting the product to the customer. This includes the location of your business, shop front, distributors, logistics and the potential use of the internet to sell products directly to consumers. | Place (Distribution) |
| What are uncontrollable variables | Competition Legal/Political Natural forces social and cultural forces Demographic factors Technological changes Economy |
| refers to the numbers of similar competitive product brands’ marketers in your industry, it’s important that you monitor their activities, and then design effective strategies using your controllable variables. | Competition |
| laws and legality that guilds the land, they go a long way to affect your business operations as a marketer. For instance, government restriction on the importation of a particular product might hinder the marketers playing in that particular field. | Legal/Political |
| this refers to the physical environment, it comprises of the available or lacks of natural resources that can vacillated or hinder your production output. | Natural Forces |
| refers to the structure and dynamics of individuals and groups and their behaviors, believes, thought patterns and lifestyles, friendship etc many of this trends goes a long way to affect your marketing operations | social and cultural forces |
| age, sex, marital status, occupation, family size etc. accurate forecast of this goes a long way to enabling you as a marketer forecast future trend and consumptions of your product. | Demographic factors |
| challenges to marketers, it affects the kind of product that you as a marketer can offer, For instance, products like typewriting machines into a more proficient computer systems. | Technological changes |
| factors that can conclude the direction in which the economy might move. So, businesses analyze this factor based on the environment. It helps to set up strategies in line with changes | Economy |
| building valuable relationships to guarantee lasting customers -- an important goal for any company, whether a mega retail corporation or a smaller family-owned one. | B2B – Business to Business |
| largest of all the markets, and exceeds the consumer market in dollar value. Companies like GE and IBM spend an estimated $60 million a day on goods that support the operation of their business | B2B – Business to Business |
| is largely employed by companies that make products that consumers have no practical use for, such as steel. However, it is also used by companies selling products and services bought by consumers and other businesses alike | B2B – Business to Business |
| B2B marketers generally focus on four large categories | • Companies that use their products • Government agencies • Institutions like hospitals and schools. • Companies that turn around and resell the goods to consumers |
| A B2B marketing plan must be focused in delivery and broad in application | brand itself very broadly (through email, corporate image and technical specifications) to a very specific customer |
| employ a B2B plan by identifying and understanding the importance of the following topics | The product or service The target market Pricing Promotion |
| Consumer purchase impulse buy; perhaps a couple of weeks if shopping for a specific item at the best price. The decision is made by only one person expect some benefit from their purchase, don’t weigh the financial risks | B2C – Business to Consumer |
| break consumers down into target segments— for example, 18-25 year-old single males | B2C – Business to Consumer |
| match the marketing message with the target consumer segment, since different consumer segments will respond differently to various marketing methods. | B2C – Business to Consumer |
| 1 Seller takes over Market Share | Monopoly |
| 1 buyer | Monopsony |
| prevent business practices that are anticompetitive or deceptive or unfair to consumers; to enhance informed consumer choice and public understanding of the competitive process | 1914 – Federal Trade Comission Act (FTC Act) |
| created the U.S. Federal Trade Commission | Federal Trade Commission Act of 1914 |
| established in order to promote fair trading practices and to protect consumers from corruption and illicit behavior on the part of corporations | Federal Trade Commission Act of 1914 |
| first major legislation passed associated with cartels and oppressive monopolies. The Sherman Antitrust Act is a federal law prohibiting any contract, trust, or conspiracy in restraint of interstate or foreign trade | The Sherman Antitrust Act and the Clayton Act. |
| no person shall monopolize, attempt to monopolize or conspire with another to monopolize interstate or foreign trade or commerce, regardless of the type of business entity | The Sherman Antitrust Act |
| Penalties for violating the act: individual jail up to 3 years and fined up to $350K per violation. Corporation fined up to $10M per violation | The Sherman Antitrust Act |
Created by:
2020832331362779
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