Questions and Answers of International business

Which production process would use an assembly line?a. Continuous productionb. Intermittent processc. Mass customizationd. Lean production
Which feature best describes a PERT chart?a. It creates a time line of production tasks.b. It creates a work flow for production equipment.c. It identifies the critical path of tasks in a project.d.
Which type of facility layout requires small teams of workers that are responsible for assembling a product start to finish?a. Product layoutb. Process layoutc. Cellular layoutd. Fixed position layout
Which best describes Six Sigma?a. It reduces errors throughout the production process.b. It improves customer satisfaction.c. It identifies potential errors.d. It obtains near perfection through
CAD refers to combining design and manufacturing functions along with other automated functions.a) Trueb) False
You are considering opening a pizza restaurant in your town. Describe the production process that you envision taking place to deliver a fully cooked pizza to a customer. What components would be in
You just learned about operations, production, and supply chains. Consider how this content relates to other areas of business.What information would you need to plan for how production and supply
Which marketing era reflects the marketing philosophy of companies that give away a product to someone in need for every product purchased?a. Production concept erab. Sales concept erac. Societal
Which of the following best describes digital marketing?a. Using cable TV commercialsb. Using e-mails, social media, and mobile applicationsc. Incorporating social responsibility into the corporate
Societal marketing is a corporate philosophy, whereas social marketing aims at changing consumer behavior.a) Trueb) False
Not-for-profit companies do not need marketing campaigns.a) Trueb) False
Think of the last major purchase you made. Discuss how sociocultural, personal, psychological, situational, and marketing mix influences impacted this purchase.
The Jeep brand has created the Badge of Honor program, which rewards badges to owners who successfully check in and complete an off-road trail experience. In addition, Jeep owners can earn points
Suppose you were hired by Coca-Cola to develop a marketing campaign for a new beverage. Describe the new product and then identify who would be the target market. List at least four characteristics
Go to Dr. Bronner’s website and look at all the actions the company has taken and is currently pursuing in its efforts to become a responsible company. Briefly summarize its current All-One
Discuss how Dr. Bronner’s environmental and corporate social responsibility practices drive customer loyalty.
Discuss how Dr. Bronner’s packaging and labeling emphasize its corporate and marketing philosophies.
You just learned about the basics of marketing. Consider how this content relates to other areas of business.What information would you need to plan for how marketing impacts finance? And how would
An automobile would be classified as what type of product?a. Convenienceb. Shoppingc. Specialtyd. Unsought
Suppose you are a huge fan of Starbucks coffee.You use the mobile app to order online and earn free rewards, you tweet about your experience with baristas and your reactions to new flavors, and you
Spotify and Uber have partnered so users can play music from their Spotify account directly through the Uber app. This is an example of which type of branding?a. Co-brandb. Endorsed brandc. Private
Siobhan Clark just bought a Chicago Cubs jersey with player Tony Rizzo’s name and number on the back as well as a hat and jacket that display the Cubs logo. The type of branding strategy used for
Those who shop only at Walmart believe they will receive the lowest price on quality service and products without hassles. This type of pricing strategy is known as ____ pricing.a. dynamicb. everyday
The actual product is the primary benefit or service that motivates a consumer’s purchase.a) Trueb) False
The local small appliance store has microwave ovens for sale at a price of $$149.95.$ The price tag notes that the manufacturer’s suggested retail price is $$160.$ This type of pricing is
B2B products have different marketing strategies than B2C products.a) Trueb) False
Think about the Apple Watch. How would you describe Apple’s marketing mix strategy for the product and its price? What does Apple do to augment its product? What type of branding strategy is Apple
Name a brand you are very loyal to. Describe the attributes that promote your brand loyalty.
You just learned about new product development, branding, and pricing.Consider how this content relates to other areas of business.What information would you need to plan for how branding and pricing
Which of the following would not be a step involved in a promotional campaign?a. Identify the target marketb. Determine the budgetc. Implement an integrated marketing communications pland. Determine
Starbucks sends a text announcing that today is your double stars day. What kind of advertising strategy is this an example of?a. public relationsb. direct marketingc. product marketingd. personal
Ryobi tools are sold at Home Depot, and Black+Decker tools are sold at Lowe’s. What kind of distribution strategy is being used by Ryobi and Black+Decker?a. Exclusiveb. Intensivec. Selectived.
Which of the following is a B2B sales promotion tool?a. A 10-percent-off online promo codeb. A $$10.00$ mail-in rebatec. A frequent buyer cardd. Sales contests
Products being returned back to the producer when they are defective is considered inbound logistics.a) Trueb) False
Social media and mobile marketing are big components of most companies’ promotional campaigns. Discuss how these methods of marketing affect you and your buying behavior. Do these marketing
If the leader of a company, such as Dan Cathy, CEO of Chick-fil-A, publicly takes a stand you do not agree with, discuss if this behavior changes your interest in the product.
If a company behaves unethically or illegally, such as Amazon’s treatment of their employees, or in their marketing, such as Volkswagen’s falsifying their clean diesel claims, discuss how this
Discuss whether a specific advertising campaign that promotes social equality by showing non-traditional families would turn you away from a product or make you consider using a product.
You just learned about promotion and distribution (product placement).Consider how this content relates to other areas of business.What information would you need to plan for how promotion impacts
Chris White owns Soup & Salad Café. The terms of the last order for produce were 3/15 net 60.The total amount of the order is $$1,500.$ How much will Chris pay if payment is made at the end of 60
Which of the following is not reported in an income statement?a. Monies spent on operationsb. Amount received from salesc. The value of assetsd. Wages and salaries
What is the benefit of ratio analysis?a. Ratios help to track actual versus budgeted performance.b. Ratios help in determining financing needs.c. Ratios help to compare company’s performance.d.
Which is a source of lending from the Small Business Administration?a. crowdfundingb. microloansc. peer-to-peer lendingd. social media investing
Factoring can be a good source of cash by selling excess inventory.a) Trueb) False
Financing with equity is a good means of raising funds for a company that wants to protect its ownership.a) Trueb) False
The statement of cash flows is analogous to a checkbook register because it records the changes in a company’s cash positions.a) Trueb) False
Discuss the main features and importance of the key financial statements.Include the information each statement contains.
Discuss why financial management is important to all types of businesses.
You just learned about financing and accounting. Consider how finance and accounting relate to other areas of business.What information would you need to plan for how finance and accounting impacts
You recently bought a $$10,000$ government bond with a 3.5 percent interest rate. For the first two years, your semiannual interest payments were $$175,$ $$175,$ $$200,$ and $$200.$ What
Which of the following represents the 30 largest capitalized public companies in the United States?a. The Dow Jones Industrial Averageb. The New York Stock Exchangec. The NASDAQd. The S&P 500
An investment portfolio has investments in technology stocks, banking stocks, and consumer goods stocks. Which type of investment should be added for greater diversification?a. Stock mutual fundb.
Congratulations! You have received a large bonus and you want to invest the bonus in the stock market. Which type of investment would you most likely invest in if you are looking for capital
If you own a $$15,000$ bond that has a coupon of 3 percent and pays interest semiannually, how much interest would you receive?a. $$450$ every six monthsb. $$450$ once a yearc. $$225$ every
Which of the following distinguish mutual funds from other investments?a. Mutual funds have less price variability than stocks or bonds.b. Mutual funds provide diversification without a large overall
One hundred shares of Visa were purchased five years ago at $$40$ per share and sold last month at $$135$ per share. This transaction generated a capital gain from the sale.a) Trueb) False
Treasury notes are bonds that mature in 4 weeks to 52 weeks.a) Trueb) False
Robo-advisers have become popular among novice investors who don’t have in-depth market knowledge. Robo-advisers provide automated portfolios based on individual’s time horizon, financial goals,
You just learned about investment opportunities in the securites market.While the chapter was geared toward personal investing, companies also need to invest business profits. Consider how knowing
Which of the following would be a reason a business is structured as a C corporation?a. The corporation can use personal assets of its shareholders to satisfy any business liabilities.b. The
Which of the following is an advantage of a sole proprietorship?a. The owner’s personal assets are protected.b. The owner can raise greater sources of funds by selling shares of ownership.c. The
Which of the following corporate structures does not offer limited liability for its owners?a. A sole proprietorshipb. A limited liability corporationc. A C corporationd. An S corporation
Dad’s Camping Equipment Co. buys tents from Daughter’s Outdoor Tent Co. If Dad’s company merges with Daughter’s company to form Family Outdoor Equipment Store, which of the following best
Liabilities incurred in a sole proprietorship have no impact on the owner’s personal income.a) Trueb) False
Some business owners incorporate to give their start-up business an air of legitimacy.a) Trueb) False
You just learned about the different forms of business. Consider how this content relates to other areas of business.What information would you need to plan for how the company will obtain financing?
An inverted organization is best described asa. keeping employees in line.b. watching employees carefully by monitoring their e-mail and phone usage.c. putting the focus on profits last.d. managers
Tasks that would be considered appropriate for middle managers includea. coordinating specific plans with the corporate strategic vision.b. generating strategic plans.c. daily operations of the
First-line managers are at the top of the managerial pyramid.a) Trueb) False
The TQM initiative is focused on improving communication.a) Trueb) False
You just learned about the basic functions of managment. Consider how planning, organizing, and controlling relate to other areas of business.What information would you need to estimate the financial
A difference between managers and leaders is thata. managers and leaders have a different scope of responsibility.b. leaders focus on very specific tasks.c. only managers need to be able to
A democratic leader woulda. challenge every decision.b. take a hands-off approach to management.c. believe in strong involvement of employee teams.d. be very important to a company experiencing a
An affiliative leadership style is most useful when a radical change in corporate vision is needed.a) Trueb) False
You just learned about the basics of motivation, leadership, and teamwork.Consider how these three key aspects of management relate to other areas of business.How would the corporate culture’s
Employment at will is a legal doctrine that states thata. an employee must agree to be terminated.b. an employer can fire an employee at any time for any reason.c. employees are independent
Tony Rodriguez wants to spend more time at home with their two-year-old granddaughter and is considering leaving their company. They could receive three months’ pay and the same retirement package
During a lockout,a. no work can be done legally.b. strikebreakers are prevented from entering company property.c. a neutral third party helps two sides come to an agreement.d. workers are prevented
Forecasting is the process that determines the future demand for employees.a) Trueb) False
You just learned about the basics of human resources. Consider how this key aspect of management relates to other areas of business.How would policies and the reputation of the human resources
The IT department is often responsible fora. pay-per-click advertising campaigns.b. creating phishing opportunities.c. distributing malware to all employees.d. security, network design, and
The modern workplace faces security challenges that includea. phishing.b. adware and spyware.c. disruption by hackers.d. all of the above.
The company chief information officer (CIO) is responsible for data center operations as well as security policies.a) Trueb) False
Are investors responsible for questioning the information supplied by a company? Does the use of online media, video, and high-tech animations make it easier to confuse investors?
How confident are you that the protections in place for whistle-blowers are adequate?
Does the technical complexity of a service or product encourage fraud?Why or why not?
You just learned about the use of technology in business. Consider how this content relates to other areas of business.How would you find the balance between a new hardware or software rollout and
Which of the following is a characteristic of a small business?a. Independently owned and operatedb. Has between 500 to 1,000 employeesc. A dominant player in its fieldd. Has less than $$1$ million
Josiah started a new business venture five years ago. The business allows them to work from anywhere as long as they have an Internet connection.Josiah is able to pursue their love for travel without
Which of the following would someone benefit from before starting a business?a. A business planb. A loan applicationc. A partnership statementd. A franchise agreement
Which of the following is NOT a reason to start a small business?a. To solve a problem or improve an existing ideab. To have more flexibility in work schedule and lifestylec. To pay off credit card
You want to start a company and have a rough draft of a business plan and some tentative funding, but you need some additional advice and guidance through the start-up process. The best source of
Which of the following best describes an entrepreneurial characteristic?a. Rigidly follows a planb. Lacks self-discipline and motivationc. Prefers to work aloned. Takes calculated risks
Chris is starting a consulting business and needs a receptionist, a place to meet clients, and other aspects of an office. A good solution for Chris to consider would be a(n)a. mentoring group.b.
Venture capital is used to generate funds to purchase a franchise.a) Trueb) False
Technology has spawned many new businesses or has enabled existing businesses to pivot in times of crisis. Discuss a new or existing business that has used technology successfully in starting or
Before meeting as a group, think about what you are passionate about and whether there is a potential market involving your interests. Develop one or two ideas for potential businesses based on your
You just learned about small businesses and entrepreneurship. Consider how starting a new business involves other areas of business.What information would a new business owner need to plan for their
You just learned about economics. Consider how this content relates to other areas of business.What information would you need in order to plan for how economics impacts human resource decisions? And
Price fixing means that a company hasa. done research to establish the perfect price for a product.b. has broken the law if it prices a product too low.c. joined with other companies to agree that

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