{"id":33092,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/risk-is-associated-with-reward-business-people-take-a-risk-that-their-business-might-fail-in-order-to-get-a-reward-which-is-a-healthy-economy-employment-profit"},"modified":"2017-08-16T06:12:15","modified_gmt":"2017-08-16T06:12:15","slug":"risk-is-associated-with-reward-business-people-take-a-risk-that-their-business-might-fail-in-order-to-get-a-reward-which-is-a-healthy-economy-employment-profit","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/risk-is-associated-with-reward-business-people-take-a-risk-that-their-business-might-fail-in-order-to-get-a-reward-which-is-a-healthy-economy-employment-profit\/","title":{"rendered":"Risk is associated with reward. Business people take a risk that their business might fail in order to get a reward, which is a healthy economy employment profit."},"content":{"rendered":"<div class=\"the_content_wrapper\">\n<p>Intro to Bus101<\/p>\n<p>Risk is associated with reward. Business people take a risk that their business might fail in order to get a reward, which is<\/p>\n<p>a healthy economy<br \/> employment<br \/> profit.<br \/> happy customers<br \/> a sense of self-satisfaction<\/p>\n<p>Flag this Question<br \/> Question 21 pts<br \/> Which of the following is NOT true about knowledge workers?<\/p>\n<p>The number of knowledge workers in today\u2019s global economy is increasing<br \/> Knowledge workers are primarily employed in manufacturing<br \/> Knowledge workers are highly educated<br \/> Knowledge workers can easily transfer to other companies or countries<br \/> Knowledge workers are easily promoted to higher positions<\/p>\n<p>Flag this Question<br \/> Question 31 pts<br \/> Which of the following is NOT true about society\u2019s demand curve?<\/p>\n<p>The demand curve depends on the supply curve<br \/> A steep slope indicates price inelastic demand<br \/> The demand curve slopes downward<br \/> The demand curve shows the relationship between price and quantity demanded.<br \/> The demand curve shows aggregate demand<\/p>\n<p>Flag this Question<br \/> Question 41 pts<br \/> In a publicly traded, for profit business corporation, the owners are the<\/p>\n<p>workers<br \/> unions<br \/> customers<br \/> managers<br \/> shareholders<\/p>\n<p>Flag this Question<br \/> Question 51 pts<br \/> Which of the following is NOT one of the trends in e-commerce today?<\/p>\n<p>Pressure for efficiency is becoming less intense<br \/> Markets are increasingly looking for openness and transparency<br \/> Customers are becoming more demanding<br \/> Knowledge is becoming a more important asset to businesses<br \/> Companies are working more closely in a network of buyers and suppliers<\/p>\n<p>Flag this Question<br \/> Question 61 pts<br \/> Peter van Stolk, founder of Jones Soda, develops offbeat flavors that appeal to teens, who he knows are also interested in the Internet and extreme sports. Peter van Stolk has a good understanding of his company\u2019s target group.<\/p>\n<p>True<br \/> False<\/p>\n<p>Flag this Question<br \/> Question 71 pts<br \/> One of the most significant drawbacks of international mergers and acquisitions is the difficulty of integrating the operations, finances, and cultures of two very different organizations.<\/p>\n<p>True<br \/> False<\/p>\n<p>Flag this Question<br \/> Question 81 pts<br \/> Which of the following is NOT one of the benefits of free trade among nations?<\/p>\n<p>Increased job security<br \/> Higher quality of goods<br \/> Lower prices<br \/> Greater consumer choice<br \/> Higher standards of living<\/p>\n<p>Flag this Question<br \/> Question 91 pts<br \/> Who or what benefits most from barriers to trade, also called protection?<\/p>\n<p>Foreign firms, because they can sell all of their quotas<br \/> Domestic firms, because of lower competition<br \/> The consumers, who pay lower prices<br \/> The government, because it can collect more tariffs<br \/> Foreign firms, because of the increase in the market size<\/p>\n<p>Flag this Question<br \/> Question 101 pts<br \/> Japan limits the amount of foreign-grown rice that can be sold in that country by imposing a very high import tax. This protects high-cost domestic rice producers because it forces rice importers to raise prices, making imported rice less competitive against rice grown in Japan. This type of trade barrier is called<\/p>\n<p>counter trade<br \/> voluntary restraint<br \/> a tariff<br \/> a quota<br \/> an embargo<\/p>\n<p>Flag this Question<br \/> Question 111 pts<br \/> Globalization is<\/p>\n<p>bad for developing countries, but good for developed countries<br \/> good for both developed and developing countries, if implemented fairly<br \/> usually bad for both developed and developing countries<br \/> always good for both developed and developing countries<br \/> bad for developed countries, but good for developing countries<\/p>\n<p>Flag this Question<br \/> Question 121 pts<br \/> When Home Depot donated millions of dollars of supplies to victims of hurricanes in New Orleans, it was primarily adopting a societal responsibility model of business governance.<\/p>\n<p>True<br \/> False<\/p>\n<p>Flag this Question<br \/> Question 131 pts<br \/> A U.S. corporation\u2019s decision to reincorporate in Bermuda may be both legal and unethical.<\/p>\n<p>True<br \/> False<\/p>\n<p>Flag this Question<br \/> Question 141 pts<br \/> Jeffrey Wigand was a research scientist employed by Brown &amp; Williamson, a tobacco firm, until he was fired following his public statements about the dangers of cigarettes. Wigand was acting as a<\/p>\n<p>proprietor<br \/> general partner<br \/> director<br \/> whistleblower<br \/> limited partner<\/p>\n<p>Flag this Question<br \/> Question 151 pts<br \/> Elsa, Steve, and Adrienne formed a partnership to own and operate a wine shop. Elsa manages the shop and Steve travels the world buying wine. Adrienne contributed some start-up capital but does not help to run the business. Therefore, it is likely that<\/p>\n<p>Elsa and Steve are limited partners and Adrienne is a general partner<br \/> Elsa, Steve, and Adrienne are all general partners<br \/> Elsa and Adrienne are general partners and Steve is a limited partner<br \/> Elsa and Steve are general partners and Adrienne is a limited partner<br \/> Elsa, Steve, and Adrienne are all limited partners<\/p>\n<p>Flag this Question<br \/> Question 161 pts<br \/> Economies of scale occur when<\/p>\n<p>a high volume of production drives costs down<br \/> the more numerous small businesses crowd out the large businesses<br \/> entrepreneurs do not enter a market that is seen as declining<br \/> there is a cycle of business success and failure<br \/> the cost per unit rises as production increases<\/p>\n<p>Flag this Question<br \/> Question 171 pts<br \/> Which of the following is NOT a characteristic common to most entrepreneurs<\/p>\n<p>Commitment<br \/> Ambition and drive<br \/> Self-confidence<br \/> Independence<br \/> Low tolerance for risk<\/p>\n<p>Flag this Question<br \/> Question 181 pts<br \/> Which of the following statements sounds most like an entrepreneur?<\/p>\n<p>\u201cA regular paycheck is very important to me.\u201d<br \/> \u201cIn a tough situation, I would probably quit.\u201d<br \/> \u201cI can\u2019t take the risk of letting down my family.\u201d<br \/> \u201cI have a lifelong passion for providing this service.\u201d<br \/> \u201cI prefer to be told what to do.\u201d<\/p>\n<p>Flag this Question<br \/> Question 191 pts<br \/> Which of the following is NOT one of the four basic functions of management<\/p>\n<p>Meeting<br \/> Controlling<br \/> Organizing<br \/> Directing<br \/> Planning<\/p>\n<p>Flag this Question<br \/> Question 201 pts<br \/> An organization chart represents the<\/p>\n<p>organization\u2019s chain of command<br \/> arrangement of physical space within the organization<br \/> experiences and qualifications of each worker<br \/> relative pay of each worker<br \/> flow of work within an organization<\/p>\n<p>Flag this Question<br \/> Question 211 pts<br \/> Looking at their employer\u2019s organization chart, Lisa\u2019s name appears in a box that is directly underneath Nellie\u2019s box and a line connects the two boxes. This means that<\/p>\n<p>Lisa reports to Nellie, her supervisor<br \/> Lisa is more highly paid than is Nellie<br \/> Lisa has a higher rank than does Nellie<br \/> Nellie and Lisa are coworkers at the same organizational level<br \/> Nellie performs further tasks on work that Lisa has completed<\/p>\n<p>Flag this Question<br \/> Question 221 pts<br \/> When managers delegate the __________ for achieving some result to a subordinate, it is very important that they also delegate the __________, to ensure that the subordinates have the power to accomplish the result.<\/p>\n<p>span of control; chain of command<br \/> chain of command; span of control<br \/> staff authority; committee authority<br \/> responsibility; authority<br \/> authority; responsibility<\/p>\n<p>Flag this Question<br \/> Question 231 pts<br \/> Which of the following is NOT one of the trends having a significant impact on human resources management in the U.S. today?<\/p>\n<p>The shift of jobs from service to manufacturing industries<br \/> Reduced importance for labor unions<br \/> Advances in communications and computing technology<br \/> Growth of high-tech industries and white collar workers<br \/> More jobs being moved overseas for cost reasons<\/p>\n<p>Flag this Question<br \/> Question 241 pts<br \/> Job analysis consists of<\/p>\n<p>an evaluation and a forecast<br \/> a plan and an evaluation<br \/> a description and a plan<br \/> a specification and an evaluation<br \/> a specification and a description<\/p>\n<p>Flag this Question<br \/> Question 251 pts<br \/> Of all of the resources commanded by a corporation, which is most likely to lead to a long-term competitive advantage?<\/p>\n<p>Physical facilities and equipment<br \/> Financial resources<br \/> Access to natural resources<br \/> Human capital<br \/> Information technology<\/p>\n<p>Flag this Question<br \/> Question 261 pts<br \/> Willie says, \u201cI love volunteering at Big Brothers. It\u2019s great to see the happiness on a boy\u2019s face when I take him to a ball game or read a book with him.\u201d Willie\u2019s motivation is<\/p>\n<p>economic<br \/> intrinsic<br \/> extrinsic<br \/> unimportant<br \/> a primary drive<\/p>\n<p>Flag this Question<br \/> Question 271 pts<br \/> Gordon, a salesperson, says, \u201cMy work requires long hours and lots of travel that I don\u2019t like, but the pay is great.\u201d Gordon\u2019s motivation is<\/p>\n<p>a primary drive<br \/> intrinsic<br \/> a secondary drive<br \/> extrinsic<br \/> economic<\/p>\n<p>Flag this Question<br \/> Question 281 pts<br \/> Which of the following is NOT part of the marketing mix?<\/p>\n<p>Promotion<br \/> Market<br \/> Product<br \/> Distribution<br \/> Price<\/p>\n<p>Flag this Question<br \/> Question 291 pts<br \/> Which of the following is the psychological factor that involves the awareness of cues or stimuli?<\/p>\n<p>Attitudes<br \/> Self-concept<br \/> Motives<br \/> Learning<br \/> Perception<\/p>\n<p>Flag this Question<br \/> Question 301 pts<br \/> Which of the following is considered to be the most important reference group?<\/p>\n<p>Classmates<br \/> Church<br \/> Family<br \/> Coworkers<br \/> Friends<\/p>\n<p>Flag this Question<br \/> Question 311 pts<br \/> Information about which of the following aspect of competitors\u2019 operations is considered to be the least important?<\/p>\n<p>Advertising agencies used<br \/> Market share<br \/> Strategies<br \/> Prices<br \/> New product plans<\/p>\n<p>Flag this Question<br \/> Question 321 pts<br \/> Which of the following is NOT relevant for formulating objectives?<\/p>\n<p>They must recognize company resources<br \/> They must be realistic (have a reasonable chance to be achieved<br \/> They need to be specific<br \/> They are all relevant<br \/> They need to be expressed numerically<\/p>\n<p>Flag this Question<br \/> Question 331 pts<br \/> Which of the following is NOT recommended for a brand name?<\/p>\n<p>Suggest excellence<br \/> Not have an obvious meaning<br \/> Be short in length<br \/> Be easy to spell<br \/> Suggest the product\u2019s benefits<\/p>\n<p>Flag this Question<br \/> Question 341 pts<br \/> What percentage of new products fail?<\/p>\n<p>20 percent<br \/> 48 percent<br \/> 75 percent<br \/> 98 percent<br \/> 33 percent<\/p>\n<p>Flag this Question<br \/> Question 351 pts<br \/> Which of the following is NOT a post presentation activity that salespeople need to perform?<\/p>\n<p>Closing<br \/> Following up and servicing customers<br \/> Evaluation<br \/> Managing key and marginal accounts<br \/> Paper work<\/p>\n<p>Flag this Question<br \/> Question 361 pts<br \/> Which of the following is NOT indicated in the text as a recommendation as to how to successfully close.<\/p>\n<p>Review major product benefits<br \/> Increase the number of alternative choices available to the buyer<br \/> Do not be afraid to ask for the order<br \/> Use guarantees and warranties<br \/> Look for closing signals from the buyer<\/p>\n<p>Flag this Question<br \/> Question 371 pts<br \/> Which of the following is NOT identified in the text as a part of a code of ethics for salespeople?<\/p>\n<p>Show up on time when making a sales call<br \/> Answer all questions truthfully<br \/> Do not misrepresent your purpose<br \/> Do not promise what you cannot deliver<br \/> Make sure customers are satisfied<\/p>\n<p>Flag this Question<br \/> Question 381 pts<br \/> Accounting is<\/p>\n<p>the claim that the purpose of a business is to benefit society at large<br \/> the recording, summarizing, and reporting of the economic activities and events of an organization<br \/> the starting, owning, or running of a large or small business<br \/> the determination of and the fulfilling of customer needs and desires while achieving the organization\u2019s goals<br \/> the creating of value for the customer and profits for the owners<\/p>\n<p>Flag this Question<br \/> Question 391 pts<br \/> Theodore Roosevelt, speaking about the importance of ethics education, said, \u201cTo educate the person in mind and not in __________ is to educate a menace to society.\u201d<\/p>\n<p>knowledge<br \/> business<br \/> morals<br \/> body<br \/> the accounting profession<\/p>\n<p>Flag this Question<br \/> Question 401 pts<br \/> The simplest form of business organization is the corporation<\/p>\n<p>True<br \/> False<\/p>\n<p>Flag this Question<br \/> Question 411 pts<br \/> Most large organizations do not use just one type of departmentalization. Rather, they mix elements of several types.<\/p>\n<p>True<br \/> False<\/p>\n<p>Flag this Question<br \/> Question 421 pts<br \/> A list of the duties, working conditions, and responsibilities of a job is called a job description.<\/p>\n<p>True<br \/> False<\/p>\n<p>Flag this Question<br \/> Question 431 pts<br \/> Internal recruiting is likely to lead to more resentment among current employees than is external recruiting.<\/p>\n<p>True<br \/> False<\/p>\n<p>Flag this Question<br \/> Question 441 pts<br \/> For a team approach to be successful in an organization, the company should focus on team accomplishments and lessen individual achievements.<\/p>\n<p>True<br \/> False<\/p>\n<p>Flag this Question<br \/> Question 451 pts<br \/> Workers at Ford\u2019s engine manufacturing plant in Cleveland learn how to do each task within their work unit, and then take turns performing each task. This is an example of job rotation.<\/p>\n<p>True<br \/> False<\/p>\n<p>Flag this Question<br \/> Question 461 pts<br \/> For some products, the cost of their packages may exceed the costs of their contents.<\/p>\n<p>True<br \/> False<\/p>\n<p>Flag this Question<br \/> Question 471 pts<br \/> When setting prices for their products or services, companies must consider the amount of marketing support they will receive.<\/p>\n<p>True<br \/> False<\/p>\n<p>Flag this Question<br \/> Question 481 pts<br \/> Digital advertising is the fastest growing advertising medium.<\/p>\n<p>True<br \/> False<\/p>\n<p>Flag this Question<br \/> Question 491 pts<br \/> The Sarbanes-Oxley Act of 2002 increased oversight of accountants and increased the penalties for professional misconduct.<\/p>\n<p>True<br \/> False<\/p>\n<p>Flag this Question<br \/> Question 501 pts<br \/> In a small sole proprietorship, direct observation by the proprietor is a useful internal control on accounting systems.<\/p>\n<p>True<br \/> False<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Intro to Bus101 Risk is associated with reward. Business people take a risk that their business might fail in order to get a reward, which is a healthy economy employment profit. happy customers a sense of self-satisfaction Flag this Question <a href=\"https:\/\/www.benedictsol.com\/blogs\/risk-is-associated-with-reward-business-people-take-a-risk-that-their-business-might-fail-in-order-to-get-a-reward-which-is-a-healthy-economy-employment-profit\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-33092","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/33092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=33092"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/33092\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=33092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=33092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=33092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}