BUS/599 BUS599 BUS 599 WEEK 9 EXAM 1

BUS 599 WEEK 9 EXAM 1

Ques 1.

Bus599 strategic Management Comprehensive Exam

Business Ethics – Individual and Corporate Ethics and Culture

Select the Question That is most likely never relevant to the examination of business” responsibility for its product:

What caused an event to happen?

Who is to blame for any harm caused Who is liable?

What was the agent’s motive?

Who was responsible for ”caring for” a situation accountable without any suggestion of culpability, flute or blame?

Ques 2.

A company’s policy is that it does not punish employees for accepting large gifts from clients. This is an example of:

Obedience to authority.

Creating a prospect for reward for unethical behaviour.

Creating a prospect for reward for ethical behaviour.

Falling to erect barriers against ethical behaviour.

Falling to erect barriers against unethical behaviour.

 

Ques 3.Business ethics – Discrimination

 An unconscious reference to one’s own culture values, experiences  and knowledge is referred to as the:

Cultural reference criterion.

Unconscious cultural criterion.

Cultural – self criterion.

Self- reference criterion.

Unconscious cultural self – criterion.

 

Ques 4. Business ethics – corporate social responsibility

In the context of social responsibility, atmospheric issues include all of the following  except:

Acid rain.

Global warming.

Air pollution.

Water quantity.

Ques 5. Business ethics – individual and corporate ethics and culture.

Choose the statement that defenders of the circular flow model which explains the nature of economics transactions  in terms of resources from business to households would agree with:

The service that resources yield can provided in many ways substituting different factors of production and are therefore infinite .

The possibility that the economy can grow indefinitely to keep up with significant population growth is ignored by this model.

If resources are moved through the classical model of a productive system at a rate outpaces the productive capacity of the earth the entire classical model will prove unstable.

Many resources like clean air, drinkable water, fertile soil and food cannot under the circular flow model be replaced by the remaining factors of production.

 

Ques 6.Business ethics – Individual and corporate ethics and cultural

Jack is a manager for an international food company. When he is managing he unconsciously reference his own cultural values, experience and knowledge. This is referred to as:

Regional centricity.

Nationalism.

The self-reference criterion.

Egocentricity.

The superior-being view.

Ques 7. The misuse and misallocation of scare resources is an ethical issue related.

Cultural differences.

Multinational corporation.

Racial differences.

Legal difference.

International negotiation.

Ques 8. Identify the activity that ecocentric ethics would not accept as morally legitimate:

Using animals as food, pets or games.

Clear – cut forestry, hunting and fishing that threaten endangered species.

Selective thinning of forest lands by logging.

Selective hunting and killing as means to protect ecosystem from invasion by non native species.

 Ques 9.  Business ethics – corporate social responsibility

As an additional employee benefit to promote spirituality companies have begun to provede employees with the services of:

Philosophers.

Chaplains.

Financial advisors.

Ombudsperson.

Ques 10.   Social responsible practices.

Only involves compliance with legislation.

Should be used solely as a means to ward off native publicity.

Only adds costs to business activity.

 Can be viewed as an investment.

Ques 11.  Legal environment of Business – regulation and control

Which of the followings prohibits the federal, state and local government from taking real or personal property for public use without paying  just  compensation.

The fifth amendment of the U.S constitution.

The fifteenth amendment of the U.S constitution.

The commerce clause.

The seventh amendment.

Ques 12. If Tosca’s negligence  causes scarpia who has an especially weak heart to die of a hurt attack scarpia’s surviving spouse_______.

Will not be able to recover against Tosca because scrapia assumed the risk of harm when he allowed himself to interact with Tosca, knowing all the while that he had an especially weak heart.

Will not be able to recover against Tosca if her negligence would not have caused a heart attack in a normal person.

Will only be able to recover against Tosca if her behaviour was reckless not merely negligent.

Will generally be able to recover against Tosca.

Ques 13. Legal environment of Business – Tariffs and taxes

The ________ providers for temporary relief to domestic industries seriously injured by increasing imports regardless of whether unfair practices are involved

Fair trade law.

Export – relief law.

 Duty free zone.

Foreign trade zone.

Ques 14.  Legal environment of Business – legal agreement and documents

In  a ___________  merger the shares in the disappearing corporation are automatically converted in to shares in the surviving corporation.

Cash out.

Non – cash.

Freeze out.

Leveraged.

Ques 15. Legal environment of Business – Business entities and structure

Which of the following requirement is not required by a corporation to qualify for S corporation status ?

The corporation must have only one class stock.

The corporation must file timely election to be treated as S corporation status.

The corporation must have no more than twenty- five shareholders.

The corporation generally may not own more than 80  percent of another corporation.

Ques 16. Legal environment of Business – Regulation and control

Anyone studying legal forces affecting international business realizes that :

There is a remarkable level of coordination among the legal systems in the developed nations.

Most laws are predictable and that although there is a  variance what constitutes illegal behaviour is commonly shared.

The variety of these forces complicates the task of understanding the law.

Thank to the world court officials in most legal systems are open to collaborating with their international colleagues.

Ques 17. Legal environment of business – Trade laws and regulation

The members of European parliaments are elected by the _________ of the members states.

Legislative branch.

Executive branch.

Citizens.

Council of ministers.

Ques 18.  Legal environment of Business – legal agreements and documents

The “convention on cybercrime” obligates participating countries _________.

Disclose private information to government agents.

Outlaw commercial copyright infringement.

Create a “do-not-e-mail registry”

Charge offenders for misdemeanour.

Ques 19. Legal environment of business – regulation and control

The federal sentencing guidelines _________

Are designed to establish consistent sentences for federal hat crimes only.

Require that judges use a formula based on the seriousness and circumstances of the crime.

Specifically mandate stiff penalties for crimes dealing with blue collar crimes.

Mandate a minimum one month prison term for tax fraud.

Ques  20. Nationalisation and privatization are:

Similar trends.

Opposing trends.

Both risk faced by privately held firm.

Both risks not encountered in capitalistic democracies.

Ques 21. Economics – microeconomics – Employment and unemployment

Ranks of the unemployed.

Civilian labour force.

Ranks of the employed.

Ranks of discouraged workers.

None of the above.

Ques 22. Economics – Microeconomics – Income , Debt and Investment.

If Carol’s disposable income increases from $1,200 to $1,700 and her level of saving increases from means $100 to a plus $100 her marginal propensity to__________

Save is three- fifths.

Consume is one- half.

Consume is three – fifths.

Consume is one – sixth.

Ques 23. Economics: microeconomics – Inflation and interest rate.

Other things equal, if the real interest rate falls and business taxes rise _________.

Investment will rise until it is equal.

We will be uncertain as to the resulting change in investment.

We can be certain that investment will rise.

We can be certain that investment will fall.

Ques 24. Economics: Microeconomics – Income, Debt and Investment

What does annual economic growth refer to ?

Annual increases in GDP.

Annual increases in consumption spending.

Annual increases in investment spending.

Annual increases in real GDP(gross domestic product)

None of the above.

Ques 25. Economics: Microeconomics – international trade.

Increase in import spending __________.

Raise GDP(gross domestic product)

Lower GDP(gross domestic product)

Are always balanced off in GDP(gross domestic product) by change in export.

May raise or lower GDP (gross domestic product)

Ques 26. Economics: Microeconomics –Pricing.

When the percentage change in price is greater than the resulting percentage change in quantity demanded__________

A decrease in price will increase in total revenue.

Demand may be either elastic or inelastic.

An increase in price will increase total revenue.

Demand is elastic.

Ques 27. Economics: Microeconomics – Elasticity

Which type of good is most adversely affected by recessions?

Good for which the income elasticity coefficient is relatively low or negative.

Goods for which the income elasticity coefficient is relatively high or positive.

Goods for which the cross – price elasticity coefficient is positive.

Goods for which the cross _ price elasticity coefficient is negative.

Ques 28. Economics: Microeconomics – pricing

With all other things being equal, residents of cities with reputation for good weather ________.

Pay a higher price for housing because the demand for housing is higher

Pay a higher price for housing because the supply of housing is higher

Pay a higher price for housing because the supply and demand for housing is higher

Pay the same for housing as they would in cities with a reputation for bad weather.

Ques 29. Economics: Microeconomics – supply and demand.

If the supply curve and the demand curve for lettuce both shift to the left by an equal amount what can we say about the resulting changes in price and quantity

The price will increase but the quantity may increase or decrease.

The price will increase and the quantity will increase.

The price will decrease and the quantity will increase.

The price will stay the same but the quantity will increase.

The price will stay the same but the quantity will decrease.

Ques 30. Economics: Microeconomics – supply and demand

If quantity demanded is completely unresponsive to price changes demand is________

Perfectly inelastic.

Perfectly elastic.

Relatively inelastic.

Relatively elastic.

Ques 31. Marketing – type of marketing

Based on the following company statements which company is most likely to be in the marketing company era?

Our sales force was able to sell intermediaries more of our new product than they can resell  in all of these year.

 Our marketing manager is coordinating pricing product decisions promotion and distribution to help us show a  profit at the end of this year.

The whole company is in good shape and demand exceeds what we can produce.

Our long range plan developed by our marketing  manager is to expand so that we can profitably meet the long term needs of our customers.

Ques 32. Marketing –marketing research.

What is the major problem associated with mail surveys?

The cost associated with the method.

The targeting of respondents

Difficulty in analysis.

Low response rates.

Ques 33. Marketing –market share

Which of the following is not a structure classification of a marketing organisation?

Matrix organisational structure.

Competition – based organisation.

Market – centred organisation.

Functional organisational.

Ques 34. Marketing –marketplace and market share.

A brand with small share in a market that is not growing is called a:

Dog .

Star.

Cash cow.

Question mark.

Ques 35. Marketing – type of marketing

A  strength of social media and viral marketing is:

Cannot be ignored in user’s inbox.

Considered credible.

Highly targeted with controlled costs.

It is possible to reach a large number at relatively low cost.

 

 

Ques 36. Marketing –marketing research

Differences in __________ and preference require that different product be provided to satisfy the different segment’s need.

Companies

Targets

Perceptions

Consumers

Ques 37. Marketing –marketing research

What order is correct for a marketing situation analysis?

5cs,4ps,STP

4ps,5cs,STP

5cs, STP, 4ps.

STP,5cs,4ps.

Ques 38.  Marketing research

What does “defining the sample population” means?

Estimating the total inhabitants of a country.

Estimating the total inhabitants of a country and segmenting them in to different age groupings/

Defining the total number of people to survey in a research study.

Defining the group which forms the subject of study in a particular survey.

Ques 39. Marketing –marketing strategy

Brand X is not performing well( i.e low market share) in a high growth industry. Brand X is a:

Question mark

Star.

Cash cow.

Dog.

Ques 40. Accounting – assets and liabilities

The accounting concept or principal applied when an allowance is provided for estimated uncollectable accounts receivable is.

Consistency.

Matching revenue and expenses.

Original cost.

Objectivity.

Ques 41.  Accounting – capital investment

Additional paid – in – capital represents:

The difference between the total amounts invested by the owners and the par or stated value of the stock.

Distribution of earning, that have been made to the owner.

Distribution of earning that have not been made to the owner.

The summation of total amount invested by the owner and the par or stated value of the stock.

Ques 42. Accounting – Audits, Auditing and Balance Sheets

The balance sheet valuation of inventories is the:

Lower of cost or market.

Lower of selling price or cost.

Lower of realizable value or selling price.

 Cost, regardless of the cost of replacing the inventory.

Ques 43. Accounting – Assets and Liabilities

A company which uses the direct write – off method recognizes uncollectible accounts expense:

As a percentage of net sales during the period.

As a percentage of net credit sales during the period.

 As indicated by aging the accounts receivable at the end of the period.

 As specific amounts receivable as determined to be worthless.

Ques 44. Accounting – Assets and Liabilities

The going concern concept refers to a presumption that:

The entity will be profitable in the coming year.

The entity will not be involved in a merger within a year.

The entity will continue to operate in the foreseeable future.

Top management of the entity will not change in the coming year.

Ques 45. Accounting – Assets and Liabilities

Statements in which all items are expressed only in relative terms (percentages of a common base) are:

Horizontal statement.

Percentage statement.

 Vertical statement.

 Common size statement.

 

 

Ques 46.Accounting – Assets and Liabilities

Which of the following provision of the internal revenue code can be used to reduced the amount of the income tax expense arising from capital   investment projects?

 

Interest deduction.

Depreciation deduction.

Minimum tax provision.

Charitable contribution.

Ques 47.  Accounting -  capital Investments

Which method of evaluating capital investment proposal uses the concept of present value to compute a rate of return?

Average rate of return.

Accounting rate of return.

Cash pay – back period.

Internal rate of return.

Ques 48.  Accounting – Audits, Auditing and Balance Sheets

When a business closes its accounts only at year – end:

Financial statements are prepared only at year- end.

Adjusting entries are made only at year- end.

Revenue and expenses accounts reflects year –to – date amounts throughout the year.

Monthly and quarterly financial statement cannot be prepared.

Ques 49.  Business Finance – Financing ,Forecasting and planning.

According to the sustainable growth model if a firm finance its assets with 65%  debt and 35% equity and retains $3.85 million in earning in a given year the firm can afford to barrow an additional ______to maintain the desired mix of debt and equity.

$7.15 million.

$7.85 million.

$4.3 million.

$5.1 million.

Ques 50.  Business Finance - Financial ratios

The market- to- book ratio is measured as:

Total equity divided by total assets.

Net income times market price per share of stock.

Net income divided by market price per share of stock.

Market value of equity per share divided by book value of equity per share.

Ques 51. Business Finance - Financial ratios

The firm’s __________ are primarily interested in ratios that measure the short term liquidity of the company and its ability   to make principal and interest.

Board of directors.

Creditors.

Owners.

Financial manager.

Customers.

Ques 52. Business Finance - Financial ratios

The financial ratio days’ sales in receivables is measured as:

Receivable turnover plus 365 days.

Accounts receivable times 365 days.

Accounts receivable plus sales, divided by 365 days.

365 days divided by  the receivables turnover.

Ques 53. Business finance – financial ratio

Turner’s Inc. Has a price – earnings ratio of 16. Alfred’s co. has a price – earnings ratio of 19. Thus you can state with certainty that one share of stock in Alfred’s:

Has a higher market price than one share of stock in Turner’s.

Has higher market price per dollar of earnings than does one share of Turner’s.

Sells at a lower price per share than one share of Turner’s .

Represents a larger percentage of firm ownership than does one share of Turner’s stock.

Ques 54. Business Finance – Forecasting, Financing and Planning

The unlevered cost of capital:

The cost of capital for a firm with no equity in its capital structure.

The cost of capital for a firm with no debt in its capital structure.

The interest tax shield times pre tax net income.

The cost of preferred stock for a firm with equal parts debts and common stock in its capital structure.

Ques 55. Business Finance – Forecasting, Financing and Planning

High noon sun, Inc has a 5% semi annual coupon bond with a current market price of $988.52. The bond has a par value of $1,1000 and a yield to maturity of 5.29%. How many years is it until this bond matures?

4.0 years

4.5 years

6.5 years

8.0 years

Ques 56. Business finance – financial ratio

When a firm has no “other income” its operating profit and __________ are equal.

Net income

Net profit after tax

Earnings per share

Earnings before interest and tax

Earnings after tax

Ques 57. Business finance – financial ratio

From a cash flow position, which one of the following ratios best measures a firm’s ability to pay the interest on its debts?

Times interest earned ratio

Cash coverage ratio

 Cash ratio

Quick ratio

Ques 56.  Management: Organisational Behaviour – career planning and Employee development

____________is a characteristic of high performance teams where members believe in the integrity, character and ability of each other.

Loyalty

 Openness

Worthiness

Trust

Ques 57. Management: Organisational Behaviour- Organisational strategies

The term __________ refers to formal statements specifying acceptable and unacceptable behaviours and decisions by employees

Strategies

Impersonality

Tactics

Rules

Ques 58. Management: Organisational Behaviour- organisational design and structure

Which one of these not a type of divisional structure?

Client

Product/ service.

Geographic.

Functional.

Ques 59. Management: Organisational Behaviour – career planning and Employee development

The __________competency can be considered the most fundamental of the seven foundation competencies, since its achievement creates the underlying personal attributes needed for successfully developing the other six competencies.

Communication

Self

Change

None of the key competencies can be considered any more fundamental than the others

Ques 60. Management: Organisational Behaviour- organisational culture, Ethics and values

The right to self – determination and freedom from the control of others is called:

Beneficence

Justice.

Fidelity

Autonomy.

Ques 61. Management: Organisational Behaviour- organisational design and structure

In order to have access to its customers, an organisation must establish channels with________

Suppliers

Distributers

Competitors

Customers

Ques 62. Management: Organisational Behaviour – career planning and Employee development

___________is reliability, predictability and good judgement in handling situation

Consistency

Competence

Loyalty

Integrity

Ques 63. Management: Organisational Behaviour – Division of Labour and Organization

The more common categories of diversity dealt with in organisations are subdivided into _______categories.

Primary and secondary

Age and gender

Physical and psychological

Attitudinal and behaviour

Ques 64. Management: Organisational Behaviour- organisational culture, Ethics and values

The strategy that is based on an organisation’s ability to provide a product or service at a lower cost than its rivals is referred to as __________

Discount

Differentiation

Focused

Low-cost

Ques 65. Management: Organisational Behaviour- International and Multinational Organisation

An organisational form that have fully autonomous units operating in multiple countries:

An international corporation

A multinational corporation

A transnational corporation

A global enterprise.

Ques 66. Quantitative research techniques and statistics – Inferential Statistics

All of the following are measures of central tendency except the _________

Range

Mode

Mean

Median

Ques 67. Quantitative research techniques and statistics – Sampling method and Research design

Which of the following is NOT a consideration when determining appropriate sample size?

The cost of sampling.

The timely collection of the data.

Interviewer fatigue.

The likelihood of non sampling error.

Ques 68. Quantitative research techniques and statistics – Sampling Error

A (n) _____________ variable is a qualitative variable such that there is no meaningful ordering or ranking of the categories.

Ratio

Ordinal

Nominative

Interval

Ques 69. Quantitative research techniques and statistics – Power analysis

Testing the probability of a relationship between variables occurring by chance alone if there really was no difference in the population from which that sample was drawn is known as :

Multiple regression analysis.

Chi- Squared test.

Correlation coefficient

Significance testing.

Ques 70. Quantitative research techniques and statistics – Data analysis technique

Which one of the following statements correctly describes estimation?

It is the process of inferring the values of known population parameters from those of unknown sample statistics.

It is the process of inferring the values of unknown sample statistics from those of known population parameters.

It is the process of inferring the values of known sample statistics from those of unknown population parameters.

It is the process of inferring the values of unknown population parameters from those of known sample statistics.

Ques 71. . Quantitative research techniques and statistics – Data analysis technique

All of the following  are used to describe qualitative data except the ________

Bar chart

Pie chart

Histogram

Pareto chart

Ques 72. Quantitative research techniques and statistics – Power analysis

The manner in which significance is tested using both parametric and non parametric statistics can be thought of as answering one from a series of questions. Which one of the following questions is the odd one out?

Are the predict values statistically significant?

Are the differences statistically significant?

Does it look statistically significant on the face of it?

What is the strength of the relationship and is statistically significant?

Ques 73. Quantitative research techniques and statistics – Sampling Error

A large sample size is required when:

The population of interest for a study is less diverse.

A low level of precision is required.

The population of interest is easily recruited to the study.

A high level of precision is required.

Ques 74. Quantitative research techniques and statistics – Descriptive statistics

In a statistics class,10 score were randomly selected and the following results were obtained: 74,73,77,77,68,65,77,67 and 66. What is the 90th percentile?

77

73

74

67

65.9

Ques 75. Quantitative research techniques and statistics – sampling method and research design

In sampling, a population is ________

The set of all humans

The set of all members about which a study intends to make inferences

Any group of test subjects

A random group of individuals, households, cities or countries

Ques 76. Business Integration and strategic management – continuous improvement

Studying business practices of companies considered “ best in class” is called:

Pair wise  comparison

Benchmarking

Competition

Dreamscaping

Discouraging

Ques 77. Business Integration and strategic management – corporate structure and governance

What makes a corporation distinct from partnership?

If the member of a corporation die, the corporation remains in existence providing it has capital.

If the member of a corporation die the corporation ceases to exist.

A corporation cannot own property.

A corporation cannot be held responsible for the illegal acts of its employees.

Ques 78. Business Integration and strategic management – strategic planning and decision making

From a strategy perspective leadership is defined as:

Making order out of complexity.

Bringing about change.

Allocating roles and responsibilities

Decision making

Ques 79. Business Integration and strategic management – shareholder value and return

A group of top executives who make strategies for a company

A group of firms within an industry that follow similar strategies.

A group of executive drawn from different companies within an industry that makes decision on industry standards

A group of firm within an industry  that decide to collude rather than compete with each other so that they can increase their profits

Ques 80. Business Integration and strategic management- marketing strategy and market position

Differences in tastes and preferences:

Increase pressure for cost reductions.

Reduce profit potential.

Increase pressures for local responsiveness.

Reduce pressures from the host government.

Prevent a company from pursuing a licensing strategy

Ques 81.  Business Integration and strategic management – shareholder value and return

Which of the following factors increases pressures for cost reduction?

Difference in distribution channels

Increasing national wealth

Great transportation needs

High switching cost

Price as the main competitive weapon in a market

Ques 82. Business Integration and strategic management – business and corporate –level strategies

At the corporate level the scope of an organisation relates to:

The breadth of the portfolio of strategic business units(SBUs)

The number of strategic business units (SBUs)

The size of the strategic business units(SBUs)

The number of customers served

Ques 83. Business Integration and strategic management- marketing strategy and market positioning

The marketing strategy that a company adopts:

Has little impact on a company’s efficiency and cost structure.

Has an effect on efficiency and cost structure but the extent of this effect cannot be determined

Should not take into account the impact the strategy has on efficiency or cost structure

Can have a major impact on efficiency and cost structure

None of these choices

Ques 84.  Business Integration and strategic management- marketing strategy and market positioning

These objectives are often the most suitable when firms operate in a market dominated by a major competitor and where their financial resources are limited:

Hold objectives

Harvest objectives

Divest objectives

Niche objectives

Ques 85. Business Integration and strategic management – business and corporate –level strategies

Aaron planned to cut prices at his bicycle shop, but when a competing shop begun to offer free repairs, Aaron decided to copy them, Aaron’s new strategy (offer free repairs) is an example of a(n):

Mistake

Emergent strategy

Deliberate strategy

Intended strategy

Unrealized strategy

 

 

Ques 86. Marketing – marketing defined

_________competition is when the manufacturer competes with its partners.

Vertical

Horizontal

Direct

Straight

Ques 87. Accounting – Audits, auditing and Balance sheet.

The percentage of change in long-term liabilities between two balance sheet date is an example of:

Vertical analysis

Solvency analysis

Profitability analysis

Horizontal analysis

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