zilongwang/ReadingBank huggingface dataset:
A) great when requirements are fluid. B) works well with inexperienced team members. C) does not require a significant time commitment from customers. D) very suitable for large projects. Answer: A Diff: 2 Page Ref: 74 44) Disadvantages of the iterative SDLC include each of the following except A) revisiting and revising prior phases is not easy to accomplish. B) high-level design has to predict all integrations well in advance. C) needs great effort to manage all integrations. D) project teams should be able to estimate well enough to plan all integrations. Answer: A Diff: 3 Page Ref: 74 45) The Unified Process A) is great for development of large-scale projects. B) is great for development of geographically and globally dispersed projects. C) provides better overall quality. D) is all of the above. Answer: D Diff: 2 Page Ref: 74 2.3 Essay 1) Identify five benefits of process improvements. Answer: Benefits include improvements in project quality, increase in internal and external customer satisfaction, increase in project value, better customer satisfaction, and improvement in productivity. Additional benefits are provided in the textbook. Diff: 2 Page Ref: 39-40 2) List the nine PMBOK knowledge areas. Answer: The nine PMBOK knowledge areas are project integration management, project scope management, project time management, project cost management, project quality management, project human resources management, project communications management, project risk management, and project procurement management. Diff: 3 Page Ref: 41 3) For the quality management knowledge area, identify five activities that would be carried out. Answer: Determine quality processes, determine quality standards, manage quality and perform quality assurance, quality evaluation and control, and final acceptance are five activities. Diff: 2 Page Ref: 44 4) Define CIM. What are its seven principles? Answer: CIM is a methodology that involves all employees of an organization in a systematic, structured process to implement continuous improvement in quality in projects. The seven principles are customer focus, employee involvement, process centered, strategic alliance,
56. A written mission statement provides focus for decision making when shared by organizational managers and employees. True False 57. Project managers should not engage in organizational politics. True False 58. Organizational objectives set targets for all levels of the organization not just for top management. True False 59. Mission statements typically change frequently, responding to changes in the external environment. True False 60. Strategy formulation ends with cascading objectives or projects assigned to divisions, departments, or individuals. True False 61. If a proposed project does not meet one of the designated "must" objectives it is immediately removed from consideration. True False 62. The assessment of the external and internal environments is called the SWOT analysis. True False 63. Objectives should be specific, marketable, assignable, realistic, and time related. True False 64. Strategy is implemented through projects. True 65. Many organizations have three different kinds of projects in their portfolio: compliance, operational, and sacred cows. True False 66. The first step in the Strategic Management Process is to set long-range goals and objectives. True False 67. One benefit of project portfolio management is that it can justify killing a project that doesn't support organization strategy. True False
30. of the following are typical processes involved in supply chain management except _____. 31. to Michael Porter, a firm’s _____ is composed of primary and secondary support activities that can lead to competitive advantage when configured properly. 32. _____ states that success is a function of effectively managing a linked group of firms past first-level suppliers or customers.​ All
a. Lasix and Slow K b. Demerol c. RK d. Lasix e. Oral Type: SA Medication Hours 10/20 10/21 10/22 10/23 10/24 digoxin 0.125 mg p.o. daily 0900 MB MB MB JO JO furosemide 40 mg p.o. daily 0900 MB MB MB JO JO metoclopramide HCl 15 mg p.o. stat. and q.i.d. AC and h.s. 0500 0730 1130 1630 2100 GP MB MB BM BM X MB MB BM BM X MB MB BM BM X JO JO PD PD X JO JO PD PD nitroglycerin 0.3 mg SL q.3—5 min. p.r.n. (max. three doses in 15 min.) 1300 1900 X X MB X PD X Figure C4 - Portion of a Medication Administration Record 8.
Read the MAR in Figure C4 and find the information: a. Which drug(s) was administered at 1:00 p.m.? b. drug(s) was administered at 9:00 a.m. on 10/22? c. What are the initials of the person who administered the nitroglycerin at 7:00 p.m.? d. drug was administered immediately? e. What is the route of administration of the nitroglycerin? Answer:
Read the MAR in Figure C5 and find the information: a. Which drug(s) was administered at 0630h? b. Which drug was administered at 1400h on 11/02? c. How many of Epogen has the patient received? d. Which drug was administered subcutaneously on November 5? e. How often has the patient had a temperature greater than 102°F? Answer:
Read the package insert in Figure D1 and answer the following: a. What is the trade name of the drug? b. What is the generic name of the drug? c. How many times per day may the drug be administered? d. What is the initial recommended maximum adult daily dose of the drug? e. What is the maximum strength for each capsule? Answer:
AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 01-05 Understand the strategic retail management decision process. Topic: The Retail Management Decision Process 72. (p. 24) Which of the following is a critical asset that enables retailers to build strategic advantages? Some strategic decisions involve the development of critical assets that enable retailers to build strategic advantages. These strategic assets are location, human resource, information and supply chain systems, supply chain organization, and customer loyalty. AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 01-05 Understand the strategic retail management decision process. Topic: The Retail Management Decision Process 73. (p. 24) A retail mix is developed to: To implement a retail strategy, retailers develop a retail mix that satisfies the needs of its target market better than that of its competitors.
26. (p. 51) The federal Do-Not-Call Registry limits the conditions under which anyone on the registry may be telephoned at home or on a cell phone. TRUE Level of Difficulty: Easy 27. (p. 52) U.S. salespeople are subject to U.S. laws, regardless of the country they are selling in. TRUE Level of Difficulty: Easy 28. (p. 52) The Foreign Corrupt Practices Act (FCPA) made it legal for U.S. companies to engage in conspiracy. FALSE Level of Difficulty: Easy 29. (p. 52) If the company takes specific steps, such as mentioning the law in company policy, the government's assumption is that the employee acted on his or her own and is individually responsible. TRUE Level of Difficulty: Easy 30. (p. 52) The U.S. laws concerning bribery are much more restrictive than laws in and Germany. TRUE Level of Difficulty: Easy Multiple Choice Questions 31. (p. 30) Which of the following statements about ethics is true? Level of Difficulty: Medium 32. (p. of the following questions should one ask oneself to determine whether a sales behavior or activity is unethical?
By definition, relative frequency is computed as class frequency divided by total frequency. AACSB: Communication Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-03 Summarize quantitative variables with frequency and relative frequency distributions. Topic: Constructing Frequency Distributions 26. The relative frequency for a class represents the ________________. By definition, relative frequency is computed as frequency divided by total frequency, which is a percent of the total observations in a class. AACSB: Communication Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-03 Summarize quantitative variables with frequency and relative frequency distributions. Topic: Constructing Frequency Distributions 27. A group of 100 students was surveyed about their interest in a new International Studies program. Interest was measured in terms of high, medium, or low. In the study, 30 students responded high interest, 40 students responded medium interest, and 30 students responded low interest. What is the relative frequency of students with high interest? For calculations, 30 of the 100 students have a high interest, or 30/100 = .30. AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Apply Difficulty: 2 Medium Learning Objective: 02-03 Summarize quantitative variables with frequency and relative frequency distributions. Topic: Constructing Frequency Distributions
Industry effects describe the underlying economic structure of the industry. They attribute firm performance to the industry in which the firm competes. The structure of an industry is determined by elements common to all industries such as entry and exit barriers, number and size of companies, and types of products and services offered. AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 01-03 Differentiate the roles of firm effects and industry effects in determining firm performance. Topic: What Strategy is: Gaining and Sustaining Competitive Advantage 32. are incidents that describe highly improbable but highly impactful events. swan events are incidents that describe highly improbable but highly impactful events. Several black swan events eroded the public's trust in business as an institution and capitalism as an economic system. AACSB: Knowledge Application Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 01-04 Evaluate the relationship between stakeholder strategy and sustainable competitive advantage. Topic: Stakeholders and Competitive Advantage 33. Shortly after the small island of Balamia experienced multiple unexpected earthquakes that caused massive destruction, many banks and insurance companies filed for bankruptcy. This left the economy of the country in a poor state. The natural calamity in Balamia best exemplifies
38. Revenue on account amounted to $3,000. Cash collections of accounts receivable amounted to $2,700. Cash paid for expenses was $2,500. The amount of employee salaries accrued at the end of the year was $300. Cash flow from operating activities was 39. Which of the following accounts would not appear on a balance sheet? 40. Woodward Enterprises had the following events during 2013: The business issued $20,000 of common stock to its stockholders. The business purchased land for $12,000 cash. Services were provided to customers for $16,000 cash. Services were provided to customers for $5,000 on account. The company borrowed $16,000 from the bank. Operating expenses of $12,000 were incurred and paid in cash. Salary expense of $800 was accrued. A dividend of $4,000 was paid to the owners of Woodward Enterprises. Assuming the company began operations during 2013, the amount of retained earnings as of December 31, 2013 would be: 41. Which of the following would cause net income on the accrual basis to be different than (either higher or lower than) "cash provided by operating activities" on the statement of cash flows? 42. Ruiz Company provided services for $15,000 cash during the 2013 accounting period. Ruiz incurred $12,000 expenses on account during 2013, and by the end of the year, $3,000 of that amount had been paid with cash. Assuming that are the only accounting events that affected Ruiz during 2013.
Reflective Thinking Blooms: Understand Difficulty: 1 Easy Learning Objective: 02-04 How incomes are distributed in the United States and elsewhere. Topic: FOR WHOM AMERICA PRODUCES 113. Which of the following statements is true concerning income inequality? Income inequality will vary depending on how active the government is in the economy. AACSB: Reflective Thinking Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-04 How incomes are distributed in the United States and elsewhere. Topic: FOR WHOM AMERICA PRODUCES 114. One-fifth of the population, rank ordered by income, is
137. A good approximation of a country's standard of living is per capita GDP, which is population divided by real GDP. FALSE A good approximation of a country's standard of living is per capita GDP, which is real GDP divided by population. AACSB: Analytic Blooms: Remember Difficulty: 2 Medium Learning Objective: 02-01 The relative size of the U.S. economy. Topic: WHAT AMERICA PRODUCES 138. According to the World Bank, nearly one-third of the people on earth subsist on incomes of less than $2 per day. TRUE Homeless people in the United States enjoy a higher standard of living than billions of poor people in other nations. AACSB: Analytic Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-01 The relative size of the U.S. economy. Topic: WHAT AMERICA PRODUCES 139. In the years from 2000 through 2009, China's standard of living or per capita GDP grew faster than that of the United States. TRUE Regarding the per capita GDP, the numerator (real GDP) grew faster and the denominator (population) grew more slowly for than for the United States. In essence, China had a larger quotient and thereby larger growth in its standard of living. Analytic Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-01 The relative size of the U.S. economy. Topic: WHAT AMERICA PRODUCES
True / 1. There is really no reason to be acquainted with business laws and government regulations, except to pass this test. 2. Law consists of enforceable rules governing relationships among individuals and between individuals and their society. 3. Laws and government regulations affect almost all business activities.
15. A small business owner is likely to face legal questions when determining ways to reduce his small business’s taxes. 16. Statutes are laws enacted by Congress and the state legislatures and comprise one of the sources of American law. 17. Administrative law is a source of American law that is comprised of statutes.
23. Common law is the same as statutory law. 24. Stare decisis is a doctrine obligating judges to help persons who have failed to protect their own rights. 25. decisis is a doctrine obligating judges to follow the precedents established within their jurisdictions.
Chapter 2 Understanding the International Context: Responding to Conflicting Environmental Forces True/False MNEs from emerging markets seem to be more poorly equipped to compete in other emerging markets when compared to their counterparts from developed markets. Answer: (Increasingly, it is MNEs from emerging markets that seem best equipped to compete in other emerging markets. This is due in part to the experience they already possess in dealing with customers with similar income levels as well as with markets with similar institutions.) Difficulty: Moderate Page: 110; ppt 2-25 Topic: Growing pressures for localization The three conflicting environmental forces that MNEs encounter are cross-border integration and coordination, national differentiation and responsiveness, and worldwide innovation and learning. Answer: True Difficulty: Easy Page: 101-102; ppt slide 2-21 Responding to conflicting environmental forces Global integration and coordination forces encountered by MNEs include economies of scale, government demands, and the expanding spiral of globalization. Answer: (Government demands are part of the ‘forces for local differentiation and responsiveness’.) Difficulty: Moderate Page: 102-105; ppt slides 2-22 to 2-24 Topic: Forces for global integration and coordination Local responsiveness forces encountered by MNEs include cultural differences, government demands and economies of scope. Answer: False (Economies of scope is part of ‘global integration and coordination forces’.) Difficulty: Moderate Page: 106 - 111; ppt slides 2-25 to 2-29
48. Suppose good X is a normal good. Then a decrease in income lead to 49. An inferior good is a good 50. Suppose that good X is a substitute for good Y. Then an increase in the price of good Y leads to 51. Which of the following are least likely to be substitutes? 52. Good Y is a complement to good X if an increase in the price of good Y leads to
the market demand for good X is given by QXd = 20 - 2PX. If the equilibrium price of X is $5 per unit then consumers' expenditure on X is the market supply for good X is given by QXS = -100 + 5PX. If the equilibrium price of X is $100 per unit then producer surplus is the market supply for good X is given by QXS = -100 + 5PX. If the equilibrium price of X is $100 per unit then producers' revenue from X is a market characterized by the following inverse demand and supply functions: PX = 10 - 2QX and PX = 2 + 2QX. Compute the surplus received by consumers and producers. a market characterized by the following inverse demand and supply functions: PX = 10 - 2QX and PX = 2 + 2QX. Compute the equilibrium and quantity in this market. a market characterized by the following inverse demand and supply functions: PX = 10 - 2QX and PX = 2 + 2QX. Compute the number of units exchanged and the price at which those units will be exchanged when there is an $8 per unit price floor.
AACSB: Analytic Blooms: Apply Difficulty: 2 Medium Learning Objective: 02-01 Explain the laws of demand and supply; and identify factors that cause demand and supply to shift. Topic: Demand 107. Given a linear supply function of the form QXS = -10 + 5PX, find the inverse linear supply function. AACSB: Analytic Blooms: Apply Difficulty: 1 Easy Learning Objective: 02-01 Explain the laws of demand and supply; and identify factors that cause demand and supply to shift. Topic: Supply 108. Given a linear supply function of the form QXS = 3,000 + 3PX - 2Pr - Pw, find the inverse linear supply function assuming Pr = $1,000 and Pw = $100. Analytic Blooms: Apply Difficulty: 2 Medium Learning Objective: 02-01 Explain the laws of demand and supply; and identify factors that cause demand and supply to shift. Topic: Supply 109. Suppose the market demand for good X is given by QXd = 20 - 2PX. If the equilibrium price of X is $5 per unit then consumer surplus is
AACSB: Analytic Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-01 Describe the personal and organizational consequences of excessive stress. Topic: Introduction 8. In general, having an external of control is more beneficial than having an internal locus of control with regard to job performance and stress. FALSE In general, having an internal locus of control is more beneficial than having an external locus of control with regard to job performance and stress because people with such a mindset are more likely to take positive actions to address stressors as they believe that their actions will be effective. AACSB: Analytic Blooms: Remember Difficulty: 2 Medium Learning Objective: 02-01 Describe the personal and organizational consequences of excessive stress. Topic: Introduction 9. People tend to underestimate how much events in their lives contribute to their stress level and grossly overestimate the effects of "daily hassles." FALSE People tend to overestimate how much large events in their lives contribute to their stress level and grossly underestimate the effects of "daily hassles." Analytic Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-02 Describe the most common causes of stress in work contexts. Topic: Common Sources and Causes of Stress
61. What is stress and how is it different from strain? Stress is the physiological and psychological states of arousal activated when we encounter a stressor. Strains are defined as outcomes of stress. strains are more long-term consequences of chronic stress that have not been alleviated by some means. Sustained stress plays a role in strains, ranging from heart disease to cancer, and can weaken the body's immune function so that it is less capable of fighting off illness and disease. Moreover, stress and the accompanying strains can take a huge toll on an organization's productivity and performance. AACSB: Analytic Blooms: Remember Difficulty: 2 Medium Learning Objective: 02-01 Describe the personal and organizational consequences of excessive stress. Topic: Introduction 62. Identify some common myths about stress and time management. Some common myths about stress and time management include: • Stress is a personal, non-work issue and should not be a concern in a work organization. • All stress is bad. • A stressor is a stressor. • Only novices choke. • Good time management means being an efficient workaholic. Analytic Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-01 Describe the personal and organizational consequences of excessive stress. Topic: Introduction
Chapter 02 Images of Managing Change Multiple Choice Questions 1. (p. 25) The ____ strategies assume that people are rational and follow their own self-interest. A. Empirical-rational B. Normative re-educative C. Power-coercive D. Normative-educative Difficulty: Medium 2. (p. 25) The ____ strategies assume that changes occur when people dispense with their old, normative orientations and gain commitments to new ones. A. Empirical-rational B. Normative re-educative C. Power-coercive D. Normative-educative Difficulty: Medium 3. (p. 26) The ____ strategies rely upon achieving intentional change by those with greater power gaining compliance in behavior from those with lesser power. A. Empirical-rational B. Normative re-educative C. Power-coercive D. Normative-educative Difficulty: Medium
AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Analyze Difficulty: Basic Learning Objective: 02-01 The difference between accounting value (or book value) and market value. Section: 2.1 The Balance Sheet Topic: Net working capital 49. AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Analyze Difficulty: Intermediate Learning Objective: 02-01 The difference between accounting value (or book value) and market value. Section: 2.1 The Balance Sheet Topic: Net working capital 50. AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Apply Difficulty: Basic Learning Objective: 02-01 The difference between accounting value (or book value) and market value. Section: 2.1 The Balance Sheet Topic: Market and book values 51.
In order to provide a better product to the marketplace, MegaComputers offers a no-charge pickup and delivery service on computers that need repair, if the computer was purchased in their store. MegaComputers is trying to create a ________ for their company, relative to other firms in their
AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Apply Difficulty: 3 Hard Learning Objective: 02-05 Use the framework provided for marketing planning, along with the content in future chapters, to build a marketing plan. Topic: Tips for Successful Marketing Planning 80. Body Builders Gym's marketing team wants to stay open until 3:00 a.m. The gym currently closes at midnight. Most likely, this would be classified as ________ in Ansoff's Product-Market Matrix. See Exhibit 2.11. AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Apply Difficulty: 3 Hard Learning Objective: 02-05 Use the framework provided for marketing planning, along with the content in future chapters, to build a marketing plan. Topic: Tips for Successful Marketing Planning 81. Inga, marketing manager at Oh, Baby!, a professional preschool center, thinks the firm should an after-school program to retain its current clients. This makes sense as she wants to extend the trusting relationship already established with parents and children. Most likely, this would be classified as ________ in Ansoff's Product-Market Matrix. See Exhibit 2.11.
When H&R Block and Hyatt Legal Services combined their efforts (two service businesses), they also joined marketing forces to create a strong alliance. Which of the alliance forms cited in the text most closely matches the H&R Block and Hyatt Legal Services
The first is to identify opportunities to achieve further growth with current businesses (intensive growth opportunities). The second is to identify opportunities to build or acquire businesses that are related to current businesses that are unrelated to current businesses (integrative growth opportunities). The third is to identify opportunities to add attractive businesses that are unrelated to current businesses (diversification growth opportunities). 149)
27. In survey research, it is especially important to protect respondents’_______. a. responses b. integrity c. professionalism d. anonymity e. none of Ans: D Difficulty: Medium Ref: Marketing Research Ethics Learning Objective 2.9: To become familiar with respondents’ rights. 28. When a research supplier claims to have a proprietary way of measuring brand loyalty, this is known as _______. a. RFP b. TQM c. black box branding d. low ball pricing e. none of these Ans: C Difficulty: Hard Ref: Marketing Research Ethics Learning Objective 2.8: To examine unethical practices among marketing research suppliers, clients, and marketing research field services. 29. An alliance formed by two of more firms with unique skills and resources to offer a new service for clients , provide strategic support for each firm, or in some other manner create mutual benefits is: A positive relationship Mutual agreement Strategic partnership A smart business deal Ans: C Difficulty: Easy Ref: Using Marketing Research – A Corporate Perspective Learning Objective 2.6: To understand the growing importance of strategic partnering.
63. Convert to higher 8/9 = 96/? 64. Add (reduce to lowest terms): 6/15 + 2/15 65. Add (Reduce to lowest terms): 1/7 + 5/14 66. Find LCD by using prime numbers (show work): 1/8 + 1/4 + 1/3 + 1/6
$60 × 2/5 = $24; $60 + $24 = $84. Blooms: Apply Learning Objective: 02-03 (2) Multiply fractions Level of Difficulty: 2 Intermediate Topic Area: LU 02-03: Basic Math Functions with Fractions 55. The average number of students for Professor Shannon's finance class was 20. During the fall semester there was an increase of 3/5 in students. How many students are registered for his class in the fall? 20 × 3/5 = 12; 12 + 20 = 32. Blooms: Learning Objective: 02-03 (2) Multiply fractions Level of Difficulty: 2 Intermediate Topic Area: LU 02-03: Basic Math Functions with Fractions Matching Questions 56. Match the following terms with their definitions.
114. The price of a new car increased by 2/3 over the last five years. If the original price of the car was $6,000, what is the price today? Feedback: The new car price is the original price plus the increase, so multiply the $6,000 by 1 2/3, not just 2/3, to get the final new total price of $10,000. Blooms: Apply Learning Objective: 02-03 (2) Multiply fractions Level of Difficulty: 3 Challenge Topic Area: LU 02-03: Basic Math Functions with Fractions 115. Mel Corp. produces 18¼ widgets each hour. If the machine runs 16 hours, how many widgets will be produced? Feedback: Convert the 18 1/4 into an improper fraction before multiplying by 16 to get a final answer of 292. Blooms: Apply Learning Objective: 02-03 (2) Multiply fractions Level of Difficulty: 2 Intermediate Topic Area: LU 02-03: Basic Math Functions with Fractions 116. Cans of soup are stocked in 1,250 sq. ft. of warehouse space. If each can requires 2 1/2 sq. ft. of space, how many cans of soup can be stored in this space? Feedback: Convert the 2 1/2 into an improper fraction before dividing the total square footage by 5/2. This is the same as multiplying 2/5. Blooms: Apply Learning Objective: 02-03 (2) Multiply fractions Level of Difficulty: 2 Intermediate Topic Area: LU 02-03: Basic Math Functions with Fractions 117. John Rone bought a home that is 5 1/2 times as expensive as the home his parents bought. If his parents paid $35,000 for theirs, what is the cost of Rone's home? Feedback: Convert the 5 1/2 into an improper fraction [11/2] and then multiply by the parents' home's of $35,000.
The subsets A, B, and C of the universe U satisfy the following conditions: n(U) = 202 n(A) = 68 n(B) = 88 n(A ∩ B) = 29 n(A ∩ C) = 32 n(A ∩ B ∩ C) = 15 B ∩) = 44 = 51 Find n(C). n(∩
The subsets A, B, and C of the universe U satisfy the following conditions: n(A ∪ B ∪ C) = 149 n(A ∩ B ∩ C) = 20 n(A ∩ B) = 42 n(A ∩ C) = 39 n(B ∩C) = 37 n(A) = 101 n(B) = 74 = 72 = 149 Find B ∩ C).
A survey of 220 families showed the 83 had a dog; 64 had a cat; 28 had a dog and a cat; 84 had neither a cat nor a dog nor a parakeet; 6 had a cat and dog and a parakeet. had a only?
3 ∙ (5 ∙ 2) has three sets of blocks with 5 rows and 2 columns in each set. 3 sets of these (3 ∙ 5) ∙ 2 has two sets of blocks with 3 rows and 5 columns in each set. 2 sets of B)
3 ∙ (5 ∙ 2) has three sets of blocks with 1 row and 10 columns in each set. 3 sets of (3 ∙ 5) ∙ 2 has two sets of blocks with 1 row and 15 columns in each set. 2 sets of these 188)
(2 ∙ 3) ∙ 4 has six sets of blocks with 1 column and 4 rows in each set. 6 sets of these 2 ∙ (3 ∙ 4) has 12 sets of blocks with 1 column and 2 rows in each set. 12 sets of these 189)
67. If economic profits in a particular industry increase, then we would expect: 68. In a market system, resources will move away from an industry when: 69. "Creative destruction" in a market system is brought by: 70. An increase in the demand for a product and a reduction in its costs of production would: 71. In a market system, as one industry expands another contracts, resources will flow: 72. The market system communicates changes in market conditions and elicits appropriate responses from businesses and resource suppliers through changes in prices. This is known as the:
the circular flow diagram, firms get their ability to pay for the costs of production from the: a market system, the task of assessing and managing the business risk of a firm is on by the firm's: of the following guides sensible decisions regarding the management of business risk in a market system? a market system, a firm's employees are typically shielded from business risk by: essential trade-off involving business risk which the market system provides is reflected in which of the following?
31. of the following is not a reason why specialization and trade are beneficial to society? AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-02 List the main characteristics of the market system. Topic: Characteristics of the Market System 32. A required element for specialization to lead to an increase in the satisfaction of society's wants is:
76. of the following best describes the "invisible hand" concept? AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-04 Explain the operation of the "invisible hand" and why market economies usually do a better job than command economies at efficiently transforming economic resources into desirable output. Topic: The "Invisible Hand" 77. The highly influential book by Adam Smith, who brought up the "invisible hand" notion, is titled:
AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-03 Explain how shifts in supply and demand curves cause equilibrium prices and quantities to change. Topic: Appendix: How Do Taxes Affect Equilibrium Prices and Quantities 59. Suppose that the supply curve for a good is vertical. In this case we would expect AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-03 Explain how shifts in supply and demand curves cause equilibrium prices and quantities to change. Topic: Appendix: How Do Taxes Affect Equilibrium Prices and Quantities 60. Which is true?
AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 2 Medium Learning Objective: 02-02 Understand the payments system today and tomorrow. Topic: The Payments System 43. To say an asset is liquid implies that: AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 1 Easy Learning Objective: 02-02 Understand the payments system today and tomorrow. Topic: The Payments System 44. One advantage of checks over a debit card is:
109. A famous American has been visiting the same tropical island for 15 years for vacations. When she goes she pays for everything by writing checks drawn on her U.S. bank. The currency the natives use are not U.S. dollars; they use a currency called a fungo. The natives never cash her checks. She is so well known on the island that the natives simply trade her checks among themselves. The question you need to answer, complete with an explanation, is: who is paying for her vacation? (You can assume her bank would honor the checks if presented for payment even after a considerable period of time has passed.) Obviously neither the famous American nor her bank is paying for the vacation since the checks are never presented for payment. On the other hand, the famous American is providing the people on the island with additional money, which they seem very comfortable using. As a result, the money supply on the island has increased by the amount of these checks. One result of the added money will be inflation, so islanders will see the real purchasing power of their money decrease, thus their loss in real purchasing power has been used to pay for the famous American's vacations. Analytic Blooms: Analyze Difficulty: 3 Hard Learning Objective: 02-02 Understand the payments system today and tomorrow. Topic: The Payments System
29. (p. 37) Both parties to a negotiation should establish their starting, target and resistance point before beginning negotiation. TRUE 30. (p. 38) Anything outside the bargaining range will be summarily rejected by one of the negotiators. TRUE 31. (p. 38) A negative bargaining range occurs when the buyer's resistance point is above the seller's. FALSE 32. (p. 38) Negotiations with a positive settlement range are obvious from the beginning. FALSE 33. (p. 42) A resistance point will be influenced by the cost an individual attaches to delay or difficulty in negotiation. TRUE 34. (p. 43) The more you can do to convince the other party that his or her costs of delay or aborting negotiations will be costly, the more likely he or she will be to establish a modest resistance point. TRUE 35. (p. 44) The first step for a negotiator completing a distributive bargaining negotiation is to obtain information about the other party's outcome values and resistance points. FALSE 36. (p. 47) In "calculated incompetence," the negotiator is intentionally given false or misleading information to reveal to the other party. FALSE 37. (p. 47) Selective presentation can be used to lead the other party to form the desired impression of your resistance point or to open up new possibilities for agreement that are more favorable to the presenter than those that currently exist. TRUE
Accessibility: Keyboard Navigation Blooms: Apply Level of Difficulty: 3 Hard 24. (p. 14) What is true of the majority of America's self-made entrepreneurs? Accessibility: Keyboard Navigation Blooms: Understand of Difficulty: 2 Medium 25. (p. 14) Which of the following is a characteristic of private equity creation? Accessibility: Keyboard Navigation Blooms: Understand Level of Difficulty: 2 Medium Fill in the Blank Questions 26. (p. 05) _____ is becoming a dominant management model for running nonprofit businesses and in the emerging field of social ventures. Entrepreneurship
42. A company receives $100,000 cash from investors in exchange for new common stock. Several weeks later, the company buys a $250,000 machine using all of the cash from the stock issue and signing a promissory note for the remainder. The accounts involved in these two transactions are: a. Long-term Investments; Cash; Equipment; and Accounts Payable. b. Contributed Capital; Cash; Long-term Investments; and Notes Payable. C. Contributed Capital; Cash; Equipment; and Notes Payable. d. Retained Earnings; Equipment; and Notes Payable. AACSB: analytic AICPA BB: resource management AICPA FN: reporting Difficulty: Medium Learning Objective: 2 43. A company purchases $23,000 of supplies in the current month and promises to pay for them next month. How would the company record a liability for the supplies? a. This liability is not a recognized liability until the payment is due. B. $23,000 would be journalized as a credit to Accounts Payable. c. $23,000 would be journalized as a debit to Accounts Payable. d. $23,000 would be journalized as a debit to Prepaid Expenses. AACSB: analytic AICPA BB: resource management AICPA FN: measurement Difficulty: Medium Learning Objective: 2 44. If total liabilities decreased by $25,000 and stockholders' equity increased by $5,000 during a period of time, then total assets must change by what amount and direction during the same time period? a. $20,000 increase. B. $20,000 decrease. c. $30,000 increase. d. $30,000 decrease. analytic AICPA BB: resource management AICPA FN: reporting Difficulty: Easy Learning Objective: 2
Consider the tasks, and in the network. Draw the network and answer the that follow. Activity Description Immediate Predecessor(s) Optimistic (Weeks) Most Likely (Weeks) Pessimistic (Weeks) A --- 4 7 10 B A 2 8 20 C A 8 12 16 D B 1 2 3 E D, C 6 8 22 F C 2 3 4 G F 2 2 2 H F 6 8 10 I E, G, H 4 8 12 J I 1 2 3 a. What is the expected time for activity B? b. What is the variance for activity B? c. Based on the calculation of estimated times, what is the critical path? d. What is the estimated time of the critical path? e. What is the activity variance the critical path? f. What is the probability of completion of the project before week 42? 153)
Phoebe B. Beebee is a canal for the annual canoe races and has eleven activities that are required to complete this important project. She calculated early and late start times and early and late finish times but spilled coffee all over her printout. Use the remaining information to reconstruct the table for Phoebe B. Beebee and her new canoe canal. Activity Predecessor Length Early Start Late Start Early Finish Late Finish A -- 12 B A 20 C A D B, E 42 E C 28 42 F E 42 50 G D 53 53 H G 70 I G 72 J F 4 K H, I, J 81 91 1)
a. te== 9 b. = 9.00 c. d. 40 e. 1 + 1.78 + .11 + .44 + 1.78 + .11 = 5.22 f. z=== .875 ; therefore, the probability from the standard normal table is approximately .81. Note that the variability of some non-critical path activities is large. Consideration might be given to those paths. Activity a m b Expected Time Variance A 4 7 10 7 1 B 2 8 20 9 9 C 8 12 16 12 1.78 D 1 2 3 2 0.11 E 6 8 22 10 7.11 F 2 3 4 3 0.11 G 2 2 2 2 0 H 6 8 10 8 0.44 I 4 8 12 8 1.78 J 1 2 3 2 0.11 153)
56. The primary generational point of conflict is work ethic. Ans: True Response: See page 51 Difficulty: Medium Reference: Diversity 57. Even though recent studies report that there is no significant difference in performance between workers with disabilities and those without, nearly three quarters of people with severe disabilities are reported to be unemployed. Ans: True Response: See page 53 Difficulty: Medium Reference: Diversity 58. Sexual orientation is protected by the EEOC. Ans: False Response: See page 54 Difficulty: Easy Reference: Diversity 59. Valuing diversity assumes that groups will retain their own characteristics. Ans: True Response: See page 54 Difficulty: Medium Reference: Diversity 60.Sometimes diversity management is resisted because of fear of change and discomfort with differences. Ans: True Response: See page 55 Difficulty: Hard
Answer: B Level of Difficulty: Medium Learning Objective: Stakeholder Relationships AACSB: Analytic skills 35. Jupiter Energy Solutions Inc. aims to reduce the usage of conventional sources of energy by developing technologies for effective harnessing of wind and solar energy. The company’s aim is to contribute to the conservation of resources for the future generation. Which strategy for environmental management has the company adopted? a) Sustainable development b) Obstructionist stance c) Defensive strategy d) Ethnocentric approach Answer: A Level of Difficulty: Hard Learning Objective: Stakeholder Relationships AACSB: Ethical understanding and reasoning abilities 36. Nebulia is a country rich in the production of tropical fruits. It is dependent on Helmsford, its neighbor, for food grains and spices, while Helmsford imports fruits from Nebulia. Which of the following terms best describes the interdependence between these two countries? a) Sustainable development b) Specialization c) Globalization d) Ethnocentrism Answer: C Level of Difficulty: Hard Learning Objective: Global Environment AACSB: Dynamics of the global economy 37. Which of the following approaches are used by organizations that adopt conventional OB when working in other cultures?
15. (p. 46-48) How organizational leaders act is important in changing cultures. TRUE AACSB: Group-individual dynamics Bloom's: Comprehension Difficulty: Easy Learning Objective: 3 16. (p. 49) Organization socialization begins before the individual actually the organization. TRUE AACSB: Group-individual dynamics Bloom's: Knowledge Difficulty: Medium Learning Objective: 4 17. (p. 51) "Random" socialization provides a set timetable for the assumption of roles. FALSE AACSB: Group-individual dynamics Bloom's: Knowledge Difficulty: Medium Learning Objective: 5 18. (p. 51) ABC Company puts all its new employees through the same 3-day orientation program. This is a collective, formal socialization experience. TRUE AACSB: Group-individual dynamics Bloom's: Application Difficulty: Easy Learning Objective: 5 19. (p. 54) According to Kram, the two general functions of mentoring are psychological and social. AACSB: Group-individual dynamics Bloom's: Knowledge Difficulty: Easy Learning Objective: 6
20. (p. 54) According to Kram, the career functions of mentoring clarify the participants' identities and enhance feelings of competence. FALSE AACSB: Group-individual dynamics Bloom's: Comprehension Difficulty: Medium Learning Objective: 6 21. (p. 55) An entrepreneurial developmental network is associated with having weak ties with multiple developers from different social systems. AACSB: Group-individual dynamics Bloom's: Comprehension Difficulty: Medium Learning Objective: 6 Multiple Choice Questions 22. (p. 36) Organizational _______ is(are) the set of shared, taken-for-granted implicit assumptions that a group holds and that determines how it perceives, thinks about, and reacts to its various environments. A. Artifacts B. Culture C. Ethics D. Socialization E. Mentoring Group-individual dynamics Bloom's: Knowledge Difficulty: Easy Learning Objective: 1
26. (p. 37) The top management of Rock-Top Sports Equipment has clearly stated the values and norms that are preferred by Rock-Top. These are referred to as: A. Espoused values B. Under-the-surface artifacts C. Enacted values D. Basic assumptions E. Implicit violations of explicit values AACSB: Group-individual dynamics Bloom's: Application Difficulty: Hard Learning Objective: 1 27. (p. 37) Every month, Bombay Bazaar gives an "Employee of the Month" award to one employee, along with a $100 check and an assigned parking space for a month. This is an example of: A. Basic underlying assumptions B. Externally enacted values C. Observable artifacts D. Socialization E. Mentoring AACSB: Group-individual dynamics Bloom's: Application Difficulty: Hard Learning Objective: 1 28. (p. 37-39) The three fundamental layers of organizational culture are: A. Observable artifacts, ethics, and socialization B. Ethics, socialization, and mentoring C. Ethics, observable artifacts, and mentoring D. Observable artifacts, espoused values, and mentoring E. Observable artifacts, espoused values, and basic underlying assumptions AACSB: Group-individual dynamics Bloom's: Knowledge Difficulty: Medium Learning Objective: 1
High locus of control, high self-monitor, and high self-esteem would all be considered desirable personality characteristics for managerial success. Students may also cite some of the "Big Five" personality dimensions such as extraversion and conscientiousness. 183)
CHAPTER 2 True-False Questions F 1. 2–2 Under the FLSA enterprise coverage test, hospitals and nursing homes are only covered if their annual charges for services are at least $500,000. T 2. 2–2 Institutions of higher education are extended coverage under FLSA without regard to their annual sales volume. F 3. 2–2 If a business does not meet the enterprise coverage test, none of its workers qualify for individual employee coverage. F 4. 2–3 Domestics are excluded from coverage under the FLSA individual employee coverage. F 5. 2–4 Under the FLSA, severance pay is excluded from the definition of wages. F 6. 2–4 The term wage refers to remuneration paid only on an hourly T 7. 2–4 Employees paid biweekly receive their remuneration every two weeks. F 8. 2–4 In May 2012, workers who receive the minimum hourly wage are paid $6.10 an hour. F 9. 2–5 A retail shop may employ a full-time student at $5.00 per hour. T 10. 2–5 A college may employ its own full-time students at 85 percent of the minimum wage. F 11. 2–5 Many cities have enacted ordinances establishing a so-called “living wage” at $8.25 per hour. F 12. 2–5 The FLSA defines a tipped employee as one who regularly receives tips of more than $20 a T 13. 2–5 An employer can credit up to $5.12 of a tipped employee’s minimum wage as coming from the tips received by that employee. T 14. 2–7 The FLSA requires that workers receive overtime pay for all hours worked in excess of 40 in a workweek. F 15. 2–7 The FLSA requires that workers receive overtime pay of twice the employees’ regular hourly rate for hours worked on Sunday. T 16. 2–8 Employees who are receiving remedial education may work up to 10 hours overtime each week without receiving overtime pay.
29. In the career planning process, identifying specific job opportunities, a person should: 30. A lack of willingness to accept a variety of employment positions is a common career planning mistake associated with a lack of: 31. Natural abilities that people possess are called: 32. Mathematical abilities, problem-solving skills, and physical dexterity are examples of: 33. Which of the following trends is most likely to increase domestic career opportunities in manufacturing organizations?
37. (p. 55) The Occupational Outlook Handbook would be most useful for determining: Accessibility: Keyboard Navigation Blooms: Evaluate Difficulty: 2 Medium Learning Objective: 02-03 Implement employment search strategies. Topic: Career Information Sources 38. (p. 56) one of the following is a professional association that can assist in career planning for a specific career area? Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-03 Implement employment search strategies. Career Information Sources 39. (p. 59) The purpose of an informational interview is to: Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-03 Implement employment search strategies. Informational Interview 40. (p. 56) Kenton Greer wants to locate employment positions presently available in his career area. This information would be best obtained:
7. Where is one place where paper money is printed? 8. What gives paper currency value? 9. Paper money is backed by the credit and faith of the U.S. government and _________________. which two U.S. cities produce coins for circulation? is the in the United States backed by?