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Test Review 1 - 2.05

Review for Test 1.01 - 2.05

Question	Answer
The North American Free Trade Association (NAFTA) eliminates tariffs and embargoes among its members while trading goods and services. This is an example of which encouragement of international trade?	Free-trade agreement
Josh conducts orientations to inform new employees about available benefits. Which human resources manager activity does he perform?	Management of compensation methods
Keisha allowed her employees to plan the expansion project. This is an example of which style of management?	Strategic
Smart Tech Hardware Co. buys materials such as wood, plastic, and fabric in order to create office furniture to be sold worldwide. What type of production is performed?	Manufacturing
A report covering several quarters about the economy includes that more companies are experiencing record high production and adding new employees. Also, wages and the rate of GDP are increasing significantly. This is which phase of the business cycle?	Prosperity
Hanes upgrades production routinely to produce thousands of items daily. Which type of manufacturing procedure will Hanes perform to keep up with production?	Mass production
Sheetz Convenience Stores have a touchscreen ordering system that helps customers with ordering food and beverages. This is an example of what type of technology application?	Expert systems
Jack and Henry are responsible for 20 people, who report to them directly. They collaborate frequently to make sure they will meet the production goal of the company established by another employee. This is an example of which level of management?	Supervisors
Several sales representatives suggested that their staff reflect their customer base, which includes customers all over America. Which social responsibility are they addressing?	Workplace diversity
Both Bob and Jeri contributed to the expansion of their business to sell more brands of tires. They both experienced which ADVANTAGE of a partnership over a sole proprietorship?	More capital available
Vera accepts input from her employees annually about the upcoming budget. This is an example of which style of leadership?	Democratic
All of Josh's employees will be trained on operating the new machines. This is an example of which function of management?	Staffing
Several Prime Ministers of East African countries are negotiating the trade of products and services throughout the Eastern region. This is an example of which encouragement of international trade?	Common markets
When a government agency reports annually the total amount spent to pay employees, this information is useful for which measurement of economic activities?	GDP
Mary owns stock for several companies, which she plans to pass ownership to her grandchildren. She chose this form of ownership over sole proprietorship because of the ADVANTAGE of:	potential of unlimited life.
An organization assisted two countries on settling a trade disagreement on tariffs. This action is an example of assistance provided by which international trade organization?	World Trade Organization
Since Jane's corporation has become so popular, she has decided to allow other businesses to sell her products. This is an example of what type of business?	Franchise
Taz prefers buying products from Sears using his computer, since the nearest brick and mortar store is over 100 miles from his home. This is an example of what type of technology application?	E-commerce
Syria is banned from selling products within other countries. This is an example of which international trade barrier?	Embargoes
A convenience store gave the rights to a company in Mexico to sell its products and services. This is an example of which global marketplace main entry mode?	Franchising
Nabisco prepares tons of oats to be used for producing granola bars. Which type of manufacturing procedure is performed?	Materials processing
Harry checks his electronic calendar for tasks assigned by his boss regularly. He very seldom sees his boss. This is an example of which style of leadership? (NCCTE.9_12.SH.BF10.PBF2.02)	Laissez-faire
If an economist researches annually the total value of homes built, this information would be useful for which measurement of economic activities?	GDP
Several small businesses that sell organic foods have joined together to increase their chances to pay lower prices for inventory. This is an example of what type of business?	Cooperative
Aruba has become globally known for its white sandy beaches. It is relied upon by many travelers from other countries to enjoy its beaches at a reasonable cost. This is an example of what type of ADVANTAGE?	Absolute
Don tried several times to remove unfamiliar files from his computer. He used anti-virus software to remove the files. This is an example of what type of concern for using technology?	Computer crime
Due to decreasing enrollment in a local school system, fewer teachers as employees are needed. As a result, over 100 teachers were released from their commitments. This information would be useful for which measurement of economic activities?	Labor activities
Which is an example of consumers setting the demand?	Consumers bought less of the old version of a video game once the new one was released.
Todd decided to form a corporation instead of a sole proprietorship because of which ADVANTAGE listed below?	Limited liability
Jewel Manufacturing Company changed its production line to include more workers and decrease production time. Which economic question does this address?	How to produce?
If China has rising interest rates and inflation occurring across the country, this is an example of which factor that influences international currency exchange?	Economic conditions
India's terrain allows for its major production of rice, cotton, and wheat. Which main factor of the international business environment is this information about India classified?	Geography
When customers sign up for online-subscriptions, they are informed on whether their information will be shared with other internal departments. This is an example of what type of concern for using technology?	Privacy
The government of the United States allows consumers to make decisions about goods and services consumed. Which main factor of the international business environment is this information about this country classified?	Political and legal concerns
Vera meets regularly to discuss with all her employees new marketing campaigns. This is an example of which style of leadership?	Democratic
The Valero Company removes oil from the earth to be advanced. What type of production is performed?	Extraction and cultivation
Travis is excited about welcoming ten new interns during orientation. Which human resources manager activity did he perform?	Recruiting and hiring
Which is an example of product development?	Studying new functions for a detergent
Chun purchased 150 shares of stock in the Panasonic Company. How many votes will she have at the next stockholder's meeting?	150
Duke Energy Power Company uses water to power the area. Which resource is Duke Energy Power using?	Natural
Bob decided to host a website that will allow his club members to purchase goods from one another. This is an example of what type of technology application?	E-commerce
Tina needs to find employment to earn an income. She applied for positions as a teacher, contractor, and coordinator. Which part of the economic decision-making process has she performed?	Identifying choices
Tim approves for his employees to attend regional meetings so that he knows exactly when they are off site. This is an example of which style of management?	Tactical
Bryers Ice Cream Company plans to increase the quantity of ice cream sold per quarter. This is an example of which self-regulating principle of a market economy?	Producers establish supply
Jim solicited feedback from Jack, who is one of his employees, about a new display case. This is an example of which style of management?	Strategic
A plant implemented acceptable practices to minimize noise, waste water, and pollutant emissions. Which social responsibility is this plant addressing?	Environmental protection
An example of a value for a command economy is:	a central leadership group expecting all the profit from production.
Laos has limited infrastructure that will hinder international businesses to conduct transactions in it. This country depends heavily on the agricultural industry. Which main factor of the international business environment is this country classified?	Economic development
Overstock.com sells products to thousands of customers with few geographic limitations. This is an example of what type of technology application?	E-commerce
Department stores report monthly to the state commerce office its total sales of goods and services. This information would be useful for which measurement of economic activities?	Consumer spending
Jan coordinated access to open source software, office space, and equipment for her team. This is an example of which function of management?	Organizing
Tami opened an auto body shop after repairing a couple of cars to the high satisfaction of customers. She has experienced which ADVANTAGE over a corporation?	Ease of formation
Lena trained several employees on how to process financial statements using the new software. These employees use to process reports manually for almost seven years. This is an example of what type of concern for using technology?	Employment trends
Using the Internet and online communication, Shari presented a new product to potential customers in Peru, Costa Rica, and New York. This is an example of what type of technology application?	E-commerce
Tami prefers working alone in her auto body shop and being in control of the daily activities. This type of business ownership ADVANTAGE over corporation is:	control of decisions.
Which is an example of a company establishing supply?	Walmart sends only five touch screen computers to each store.
The Dow Chemical Company provides all employees natural fitting equipment to eliminate injuries. Which social responsibility is this company addressing?	Job safety
Revlon, Inc. use tow mowers that will automatically pick up pallets from the assembly lines and move them to the warehouse. This is an example of what type of technology application?	Robotics
Tony organized all the automobiles that he has decided to sell at his dealership. Which part of economic decision-making process has he performed?	Acting on a choice
United States has become globally known for its production of wheat more resourcefully. It can produce the product with less human resources. This is an example of what type of ADVANTAGE?	Comparative
A manufacturing company partnered with Rex Hospital to provide workshops about moving more at work. Which social responsibility did the company address?	Employee wellness
Employees of Bella Coola Fisheries catch fresh salmon and prepare it to be sold to domestic and international buyers. What type of production is performed?	Extraction and cultivation
Hank has ownership, even without liability over his initial investment, along with George for a local business. This is an example of what type of business ownership?	Partnership
Even though a company may sell shares of stock, it relies on a central body of people for financial directions. This is an example of what type of business?	Corporation
Due to the high volume of travelers visiting the United Kingdom, the country has set up duty-free shops in highly visited areas. This is an example of which encouragement of international trade?	Free-trade zone
Cuba bans American products to be sold within its country. This is an example of which international trade barrier?	Embargoes
A production manager determined that the buffer made the finish of cars appear to be dull. Which continuous process improvement did he perform?	Monitor performance continuously
Brandon's Towing Company added flat tire replacement services. Which economic question does this address?	What to produce?
A report covering four quarters about the economy includes that more companies are experiencing less production and reducing the number of employees. Which phase of the business cycle does this report describe?	Recession
While conducting business in Japan, Shari adjusted her gift-giving practices to accommodate her Japanese business-partners. Which main factor of the international business environment did Shari consider?	Cultural influences
Alaska produces more salmon by the pound than any other state that exports salmon. This is an example of what type of ADVANTAGE?	Absolute
John is responsible for processing applications submitted by applicants. He is performing which level of management?	Mid-management
An organization assisted two countries on settling a trade disagreement on the amount of bananas to be traded. This action is an example of assistance provided by which international trade organization?	World Trade Organization
Jose installs automated systems that will assist customers with opening bank accounts. This is an example of what type of technology application?	Artificial intelligence
Jay sells basil plants grown in his garden to several local restaurants. What type of production is performed?	Extraction and cultivation
Which is an example of production planning for personnel?	Employees are needed for manufacturing a new product.
If a country is in a civil war and its government changes abruptly, this is an example of which factor that influences international currency exchange?	Political stability
Which is an example of consumers establishing demand?	The purchase of iPhone applications increasing daily
Goodyear uses rubber to produce tires for cars, SUV's, and trucks. Which type of manufacturing procedure is performed?	Materials processing
Which statement is true about balance of payment?	Balance of payments is favorable when a country receives more money into it than it pays out.
Sony produces thousands of electronics to serve international consumers. Which type of manufacturing procedure is performed?	Mass production
Cheng processed reports on his computer that will allow his manager to make decisions about the amount of brake pads and oil to order from the warehouse. This is an example of what type of technology application?	Management information system
Jane's Steakhouse offers several dishes that may include whole wheat, corn, or beef. Which type of resource is included in the dishes?	Natural
Before arriving at meetings in other countries to negotiate contracts for a company located in the United States, Stacy learns about appropriate business behavior of the other countries. Which main factor is this classified?	Cultural influences
An example of a value for a market economy is a:	local company choosing to produce gaming software.
John renovated his restaurant to reflect the retro style of 1950. This is an example of which type of business operation?	Facilities management
Which is an example of production planning for resources?	Remodeling a building in order to manufacture a new product
India limits the amount of imported wheat products to protect its own industry. This is an example of which international trade barrier?	Quotas
Carlos ignores minor decisions in his business even though his name is on the sign as one of the owners. This is an example of what type of business ownership?	Partnership
Michelle reviewed survey results of a completed project and set goals for the new project. This is an example of which function of management?	Planning
John specializes in leasing commercial buildings to manufacturing companies. In which type of resource does he specialize?	Capital
Timmy regularly meets with employees to prepare them for job evaluation conferences. Which human resources manager activity is he performing?	Managing performance of employees
Jason decided for long-term projects that he would allow employees to give input and for daily routines he would determine the necessary duties. This is an example of which style of management?	Mixed
Tony is trying to decide on which cars to sell at his dealership. He completed a spreadsheet to compare the options of cars. Which part of economic decision-making process has he performed?	Evaluating the advantages and disadvantages of each choice
A cosmetic company purchased an automatic wrapping machine that wraps a pallet of boxes in 30 seconds. To complete the same task manually, it would take an employee almost 3 minutes. Which measurement of economic activities is most useful?	Labor activities
Mary is proud of saving over $43,000 in a bank. She knows that her saving money at the bank will provide funds for others to borrow money. This information would be useful for which measurement of economic activities?	Investment activities
Tami wants to invest money in shares of stock. She would have to pay taxes on her earnings twice. Which is an ADVANTAGE of a sole proprietorship over a corporation?	Single taxation
In a hypothetical economy, only 40 people were included and 15 pizzas were produced last year at $7 dollars each. This information would be useful for which measurement of economic activities?	GDP per capita
Draperies, Inc. finished organic cotton drapes for the local theater on Walnut Street. Which type of manufacturing procedure was performed?	Custom manufacturing
Century Company sells filters to Shure Electronics that cut the filters in order for them to be placed into microphones during final production at a later time. What type of production is performed?	Processing

Created by: tomlinc

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