Midterm Review (2): Question Preview (ID: 30281)


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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?
a) Cultural influence b) Economic development c) Geography d) Political and legal concerns
Which is an example of consumers setting the demand?
a) Consumers bought less of the old version of a video game once the new one was released. b) The department store changing its staff. c) The wait for employees returning equipment decreased. d) The footwear company moving in its new building.
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?
a) Chain b) Franchising c) Joint venture d) Licensing
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?
a) Common markets b) Embargo c) Free-trade zone d) Tariff
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?
a) Computer crime b) Employment trends c) Health d) Privacy
Which is an example of production planning for resources?
a) Determining how many more security cameras are needed b) Determining how many stores will sell the new product c) Remodeling a building in order to manufacture a new product d) Recruiting managers to sell a new product
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:
a) control of decisions b) limited capital. c) limited life. d) unlimited liability
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?
a) Extraction and cultivation b) Manufacturing c) Mass production d) Processing
A manufacturing company partnered with Rex Hospital to provide workshops about moving more at work. Which social responsibility did the company address?
a) Employee wellness b) Environmental protection c) Job safety d) Workplace diversity
During the renovation of the office building, Harry made sure that the call buttons located in the hallways were 42 inches above the floor for easier access. Which protection is Harry addressing?
a) Contract enforcement b) Environmental protection c) Intellectual property protection d) Safe work environment
All of Josh's employees will be trained on operating the new machines. This is an example of which function of management?
a) Controlling b) Implementing c) Organizing d) Staffing
Stacy signed a document agreeing to pay $3,000 to have a stereo system installed. The manager of the company disputed the agreed amount. Stacy may need which type of protection?
a) Contract enforcement b) Environmental protection c) Intellectual property protection d) Safe work environment
The Dow Chemical Company provides all employees natural fitting equipment to eliminate injuries. Which social responsibility is this company addressing?
a) Employee wellness b) Environmental protection c) Job safety d) Workplace diversity
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?
a) Mixed b) Strategic c) Tactical d) Varied
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?
a) Autocratic b) Democratic c) Laissez-fare d) Objective
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?
a) Artificial intelligence b) Computer-aided design c) E-commerce d) Telecommuting
A company spent $8,000 of its $97,000 workplace wellness budget on pedometers. What percent of its budget was used?
a) 4% b) 8% c) 12% d) 16%
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?
a) Mixed b) Strategic c) Tactical d) Varied
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?
a) Double taxation b) Ease of formation c) Limited capital d) Unlimited liability
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?
a) Cooperative b) Corporation c) Partnership d) Sole proprietorship
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