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BUSN 115 BUSN/115 BUSN115 Week 2 Quiz (2016)

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BUSN 115 BUSN/115 BUSN115 Week 2 Quiz (2016)

  1. (TCO 1) _____ refer to a resource or capability a company must have before it can start competing in a given market.
  2. (TCO 1) All internal and external groups affected by a company's activities are referred to as its _____.

  3. (TCO 1) The _____ function of a business involves the recruiting, hiring, and support of its personnel.

  4. (TCO 1) When the number of competitors in a market is quite small, a situation known as _____ is created.

  5. (TCO 1) Inflation is a major concern for consumers, businesses, and government leaders, because it _____.

  6. TCO 1) _____ taxes are levied on earnings of individuals to help fund Social Security, Medicare, and unemployment compensation.

  7. (TCO 1) Socially adept managers will have a knack for _____.

  8. (TCO 1) The overall plan might be supported at the next level down by such plans as a research and development plan, a manufacturing plan, and a marketing plan. Such functional plans are called _____ plans.

  9. (TCO 1) _____ leaders act as advisors and supporters and generally let subordinates chart and adjust their own course toward meeting agreed-upon goals and objectives.

  10. (TCO 2) An embargo is a _____.

  11. (TCO 2) The _____ was established to foster international financial cooperation and its primary functions include providing short-term loans to countries that are unable to meet their financial obligations and working to alleviate poverty in developing economies.

  12. (TCO 2) _____ refers to buying goods or services from a supplier in another country.

  13. (TCO 2) _____ refers to the degree to which information flows freely within an organization, among managers and employees, and outward to stakeholders.

  14. (TCO 2) Which of the following is an example of whistle-blowing?

  15. (TCO 2) Which of the following statements is true regarding ethical decision making?

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