Question-1
The three essential managerial skills include:
technical, human, and empirical.
human, empirical, and conceptual.
technical, interpersonal, and controlling.
technical, human, and conceptual.
Question-2
A(n)________ is the existence of a discrepancy between an existing and a desired state of affairs.
opportunity
solution
weakness
problem
Question-3
The quantitative approach involves applications of:
statistics, information models, and computer simulations.
psychology testing, focus groups, and mathematics.
optimization models, interviews, and questionnaires.
surveys, strategic planning, and group problem solving.
Question-4
Ethics training sessions can provide what benefit?
Question-5
Planning is often called the primary management function because it:
Question-6
__________ teams tend to be more task-oriented especially if the team members have never personally met.
Cross-functional
Problem-solving
Self-managed
Virtual
Question-7
A theory that suggests that employees compare their inputs and outcomes from a job to the ratio of input to outcomes of relevant others is known as:
action motivation.
goal setting.
reinforcement theory.
equity theory.
Question-8
How would a manager motivate low-skilled, minimum-wage employees?
Question-9
Managers can’t really know whether their work units are working properly until they’ve evaluated what activities have been done:
Question-10
The prevalent thinking today is that:
organizations must make everyone fit a common corporate mold.
organizations should support, nurture, and utilize people's differences in a way that respects employees' unique perspectives and promotes a shared vision.
employees have a single identity.
All of the above.
Question-11
When a company calculates __________, the company looks at how much profit it expects to make from a particular customer, including each purchase he or she will make from the company now and in the future.
customer lifetime value
customer relationship management
utility
the exchange function
Question-12
By definition, a(n) __________ is a community, nation, or group that shares common traditions, institutions, activities, and interests.
market
society
environment
marketplace
Question-13
It is easiest for marketers to create an emotional connection between a consumer and a(n) __________ product.
approach
augmented
core
avoidance
Question-14
Information collected from government publications is an example of __________ data.
primary
secondary
observational
experimental
Question-15
A __________ is a promise to deliver specific benefits associated with products or services to consumers.
service
brand
license
patent
Question-16
Which type of segmentation is MOST related to the use of the word when, such as when consumers get the idea to buy, when they actually make their purchase, or when they use the purchased item?
Behavioral
Psychographic
Needs
Impulse
Question-17
Multisegment marketing is likely to __________ and __________.
Question-18
Demand would MOST likely be inelastic for which of the following?
Lamb chops and T-bone steaks
Gourmet cheese
Basic necessities
Luxury watches
Question-19
Financial services provider USAA sends materials about teaching teenagers how to drive safely to USAA customers who have children approaching driving eligibility age. USAA is using __________ information from a customer database to determine which customers should receive the materials.
demographic
geographic
psychographic
behavioral
Question-20
Some television shows have shown actors drinking a cup of Starbucks coffee. In these instances, Starbucks has chosen __________ as a marketing tool.
Question-21
Which of the following are a manager’s three primary responsibilities?
Question-22
All of the following are ethical principles identified in the IMA’s Statement of Ethical Professional Practice except:
honesty.
teamwork.
objectivity.
responsibility.
Question-23
Which of the following companies would use a job costing system?
Health care provider
Crayon manufacturing company
Potato chip manufacturing corporation
Spring water bottling company
Question-24
When selecting a manufacturing overhead allocation base, managers should select the:
Question-25
Conversion costs include:
direct labor and manufacturing overhead.
manufacturing overhead only.
direct materials and direct labor.
direct materials and manufacturing overhead.
Question-26
If the sales price is $20 per unit, the variable cost is $12 per unit, total fixed costs are $12,000, and 15,000 units are produced, the contribution margin per unit is:
20
9
12
8
Question-27
Which of the following budgets is the comprehensive planning document for the entire organization?
Question-28
Which of the following is a true statement regarding fixed overhead volume variance?
Question-29
Which of the following is a cash equivalent?
Accounts receivable
Certificates of deposit that mature in less than three months
Certificates of deposit that mature in one year or less
Prepaid expenses
Question-30
All of the following are business reasons for adopting environmentally sustainable practices except:
Question-31
The science of ________ was developed by applying general concepts to a particular situation, person, or group.
Question-32
Organizational behavior is a field of study that investigates the impact the individuals, groups, and structure have on behavior within organizations, for the purpose of applying such knowledge toward improving:
Question-33
Which of the following is an example of an affective attitude?
Question-34
Which of the following terms indicates the degree to which people like or dislike themselves?
Question-35
What is the main strength of job rotation?
Question-36
Which of the following is a group decision-making technique?
Question-37
Which theory of leadership proposes that followers attribute heroic or extraordinary leadership abilities when they observe certain behaviors?
Question-38
According to the traditional view of conflict, conflict is:
harmful.
natural.
necessary.
healthy.
Question-39
You describe to your students a new committee within the university that brings together specialists from all different departments to develop a new interdisciplinary program. The structure of the committee best meets the definition of the:
Question-40
________ refers to the degree to which jobs within the organization are standardized.
Formalization
Decentralization
Departmentalization
Span of control
Question-41
Oak Construction Company built 128 houses in Hilltop Estates. If the company built 7 times as many colonial style houses as ranch style houses, how many ranch style houses were erected?
14
21
16
24
Question-42
Calculate the weighted mean for the following data: value=10, weight=2; value=12, weight=6; value=15, weight=8; value=18, weight=6; value=20, weight=2
36
4.8
24
15
Question-43
This year Bronson's Tire Co. reported assets of $545,350 which is $120,640 more than last year. If owner's equity was $192,500 last year, what was the amount of liabilities reported on last year's balance sheet?
$232,210
$473,490
$352,850
$427,930
Question-44
Laser Printing and Graphics offers cash discounts of 2/15, 1/20, n/30 to customers on all purchases. A customer purchased $18,000 of merchandise on May 20. What is the amount of the net payment if the invoice was paid on June 8?
$17,640
$18,000
$17,820
$16,200
Question-45
Matt Stinson invested $4,000 in a simple interest account paying 5.5% per year. If he received $385 in interest, how long did he leave the money in the investment? (Express your answer to the nearest hundredth of a year.)
21 months
1.5 years
21 weeks
175 days
Question-46
Junko Kiera borrowed $13,000 at a discount loan rate of 12% for 30 months. Determine the true interest rate of Junko's loan.
0.171
0.152
0.133
0.141
Question-47
Klemson High-Tech Industries borrowed $65,000 for three years at 14% compounded semi-annually. How much interest will they pay on the loan when they pay it off at the end of the term of the loan? (Express your answer to the nearest cent.)
$32,547.52
$14,627.80
$9,100.00
$32,306.73
Question-48
Determine the future value of an ordinary annuity paying 10% quarterly for nine years if quarterly deposits of $450 are made throughout the nine years.
Question-49
An asset was purchased on January 3rd costing $75,000 with a salvage value of $2,800 and an estimated useful life of five years. Find the depreciation expense using the straight-line method.
Question-50
Mahalyk's Water Fun Shoppe specializes in jet skis. Mahalyk's inventory records showed the following for the past year: purchased 30 jetskis on February 10th at a cost of $4,000 per jetski; purchased 100 jetskis on May 12th at a cost of $3,000 per jetski; purchased 20 jetskis on June 15th at a cost of $3,500 per jetski; purchased 50 jetskis on July 20th at a cost of $2,500 per jetski Use the Average Cost Method to determine Mahalyk's value of ending inventory at the end of July if they had 75 jetskis left in inventory.
ANSWER WILL BE SENT ON EMAIL.
