Accounting
Anthropology
Archaeology
Art History
Banking
Biology & Life Science
Business
Business Communication
Business Development
Business Ethics
Business Law
Chemistry
Communication
Computer Science
Counseling
Criminal Law
Curriculum & Instruction
Design
Earth Science
Economic
Education
Engineering
Finance
History & Theory
Humanities
Human Resource
International Business
Investments & Securities
Journalism
Law
Management
Marketing
Medicine
Medicine & Health Science
Nursing
Philosophy
Physic
Psychology
Real Estate
Science
Social Science
Sociology
Special Education
Speech
Visual Arts
Business
Q:
An increase in the price of a productA) automatically increases wages.B) raises the firmʹs demand for labor.C) would probably decrease total revenues. D) increases productivity.
Q:
________________ activities involve the acquisition and disposal of resources that an organization uses to acquire and sell its products or services.
Q:
Which group of negotiators was found to have the most aggressive negotiation style?
A) Spaniards
B) Israelis
C) Americans
D) Koreans
E) French
Q:
U.S. securities firms recently agreed to pay a record amount of $1.4 billion in settlement charges brought by government regulators. Regulators claimed that firms had abused investors during the market boom of the 1990s. Abuses included analysts tailoring their research reports and ratings on the stocks they covered in order to win more business for their firm. If this settlement causes Wall Street firms to comply with the letter of the law but they violate the spirit of the law, the firms are engaging inA) elimination of conflicts of interest. B) creative response. C) the capture hypothesis. D) deregulation.
Q:
Net income occurs when revenues exceed expenses.
Q:
Spanish negotiators use a high percentage of commands, as demonstrated by which behavior?
A) extensive use of silent periods
B) highest incidence of touching another negotiator
C) greeting callers on the phone with "diga" (speak)
D) shunning eye contact with others
E) greeting others with a "hola" or "bueno"
Q:
In the Battle of the Sexes, profits are the highest ifA) the two firms choose incompatible product format.B) the two firms choose to adopt one particular product format. C) the two firms do not cooperate on the product format.D) none of the above
Q:
________________ activities are the means organizations use to pay for resources such as land, building, and equipment.
Q:
A merger between firms in which one firm purchases an input from the other is called aA) conglomerate merger. B) horizontal merger. C) vertical merger. D) none of the above.
Q:
Israeli negotiators are most likely to be blamed for the "pushy" stereotype often used by Americans to describe their Israeli counterparts because they
A) interrupt one another more frequently than any other group.
B) use the lowest percentage of self-disclosures.
C) use the highest percentage of promises and recommendations.
D) use the highest percentage of punishments than any other group.
E) use a higher percentage of commands than any other group.
Q:
A net loss occurs when revenues exceed expenses.
Q:
The negotiation style of the Russians is found to be quite similar in many respects to that of the
A) Germans.
B) Japanese.
C) British.
D) Koreans.
E) Israelis.
Q:
The greater the product differentiation between monopolistically competitive firms, A) the lower the barriers to entry.B) the greater the price elasticity of demand. C) the higher the average variable costs.D) the lower the price elasticity of demand.
Q:
Which statement is true about the negotiation behavior of Korean negotiators?
A) They use more silent periods than any other group.
B) They ask the greatest number of questions.
C) They are the most reticent about disclosing information.
D) They use the word no and interrupt more frequently than the Japanese.
E) They use the lowest percentage of aggressive persuasive tactics.
Q:
An audit is _______________ of an organization's accounting systems and records.
Q:
Profits can be maximized by equating MR = MC = Price, A) only in perfectly competitive markets.B) only in monopoly markets.C) only in discriminating monopoly markets.D) only with government price controls.
Q:
Which culture is considered to be the least aggressive, or most polite, in its negotiation behavior?
A) French
B) German
C) Chinese
D) Taiwanese
E) Japanese
Q:
Revenues are increases in equity from a company's earning activities.
Q:
Consider an industry that is in long -run equilibrium. An increase in demand leads to a decrease in the price of the good. We know that this isA) a decreasing cost industry. B) a constant cost industry.C) an increasing cost industry. D) not a competitive industry.
Q:
Which group of negotiators is considered to be the most reticent about giving information about themselves (self-disclosure)?
A) Israelis
B) Canadians
C) Germans
D) Americans
E) Chinese
Q:
__________ is the defining of the ideas, goals and actions of an organization.
Q:
Refer to the above figure. Profits for this firm are negativeA) only for all points less than B.B) only at points B and C.C) for points between B and C.D) for all points less than B and greater than C.
Q:
What is the most likely reason for side conversations among foreign negotiators in their native languages?
A) stalling the negotiations
B) sorting out a translation problem
C) diverting attention from an actual issue
D) sharing secrets
E) gesturing disapproval
Q:
Owner financing refers to resources contributed by creditors or lenders.
Q:
Which of the following is correct?A) AFC = TC/Q - TVC/Q B) AVC = TVC - AFC C) TC = AVC∗Q D) MC = TC - TVC
Q:
What is the most common complaint heard from American managers in terms of the negotiation behavior of foreign clients?
A) the insistence on exchanging business cards to establish the rank of the negotiators
B) the overt emphasis laid on punctuality and the tendency to waste time
C) the lack of feedback, positive as well as negative, regarding the negotiations
D) foreign clients and partners breaking into side conversations in their native languages
E) frequent instances of facial gazing and touching that distract their counterparts
Q:
There are at least three types of partnerships that limit the partners' liability. They are 1)_______________________, 2) ___________________, and 3)______________________.
Q:
The most prestigious stock market in the world is theA) New York Stock Exchange. B) Chicago Mercantile Exchange.C) London Stock Exchange. D) Tokyo Stock Exchange.
Q:
When Sandra was negotiating with Jamal, she looked him in the eye and shook his hand firmly. Jamal felt uncomfortable and didn't entirely trust Sandra after that, although he could not actually articulate why. This is likely because cultural differences in nonverbal behaviors
A) are almost always hidden below our awareness.
B) were not important to Sandra.
C) only apply to social behaviors; business behaviors are universal.
D) are less important than verbal behaviors.
E) were not important to Jamal.
Q:
Investing activities are the acquiring and selling of resources that an organization uses to acquire and sell its products or services.
Q:
On a tour to Australia in 1992, George Bush Sr. flashed the victory sign at the Australian public, with the palm facing inwards, which was considered a rude gesture. This is an example of cultural differences causing problems at the level of
A) thinking processes.
B) values.
C) language.
D) nonverbal behaviors.
E) decision-making processes.
Q:
Which of the following is not an explicit cost?
A) Taxes
B) Rent
C) Wages
D) Opportunity cost of using an ownerʹs savings.
Q:
A disadvantage of a sole proprietorship is the fact that the owner has ___________________.
Q:
Four kinds of problems are caused by cultural differences in international business negotiations: language, nonverbal behaviors, thinking and decision-making processes, and
A) communication channels.
B) values.
C) social responsibility.
D) communication style.
E) stereotypes.
Q:
The marginal rate of substitution isA) the change in the quantity of one good that just offsets a one unit change in the consumption of another such that the total satisfaction remains constant.B) the additional satisfaction from consuming an additional unit of a good or service.C) positively related to the level of income.D) the set of goods and services that are available to the consumer given his income.
Q:
When it comes to international negotiation,
A) regional generalizations very often are not correct.
B) the Japanese tend to be in the middle of the scale on almost every dimension of negotiation style.
C) the negotiation styles of the Koreans and Japanese are the same in every dimension.
D) on almost every dimension of negotiation style considered, the Americans are on or near the end of the scale.
E) Asian negotiation styles tend to be collectively similar across all dimensions.
Q:
The three major activities of a business are recording, financing, and investing.
Q:
What is the relationship between marginal utility and total utility? What happens to total utility as marginal utility declines?
Q:
In accounting, the rule that requires that assets, services, and liabilities be recorded initially at the cash or cash-equivalent value of what was given up or of the item received is called ______________________________.
Q:
If a negotiator from another country were to label Spanish negotiators as bulls and associate the Swiss with the image of a lamb, these are examples of
A) national icons.
B) linguistic identifiers.
C) social hierarchy.
D) class distinction.
E) cultural stereotypes.
Q:
Suppose that when the price of root beer rises 10%, the quantity of pizza demanded falls 20%.This would mean that pizza and root beer areA) substitutes, with a cross price elasticity of 0.5.B) complements, with a cross price elasticity of -0.5. C) substitutes, with a cross price elasticity of -2.0.D) complements, with a cross price elasticity of -2.0.
Q:
Planning activities are the means an organization uses to pay for resources like land, buildings, and equipment to carry out its plans.
Q:
Which image is a cultural stereotype that is most likely attributed to American negotiators by foreign business negotiators?
A) cowboy
B) suave, smooth-talker
C) pretentious connoisseur
D) "stiff upper lip"
E) samurai
Q:
When the price of a soft drink from the campus vending machine was $0.60 per can, 100 cans were sold each day. After the price increased to $0.75 per can, sales dropped to 85 cans per day. Over this range, the absolute price elasticity of demand for soft drinks was approximately equal toA) 0.15. B) 0.60. C) 0.73. D) 1.67.
Q:
In international business, global marketing strategies are almost always implemented through ________ with business partners and customers from foreign countries.
A) telephone conversations
B) face-to-face negotiations
C) video chats
D) mail and courier
E) e-mail
Q:
A primary purpose of ________________ is to make information in financial statements relevant, reliable and comparable.
Q:
Refer to the above figure. Suppose the marginal benefit and the marginal cost curves of pollution abatement are normally shaped. Suppose the equilibrium is for a factory in Los Angeles. What would happen if the same factory were in the middle of Nevada?A) The marginal cost curve (1) would shift to (2) and there would be no difference in the level of abatement.B) The marginal cost curve (2) would shift to the left and there would be less abatement in Nevada.C) The marginal benefit curve (4) would shift to the left and there would be less abatement in Nevada.D) The marginal benefit curve (2) would shift to the right and there would be more abatement in Nevada.
Q:
The Japanese approach to international business negotiations tends to be innovative in spite of their collectivist tendencies.
Q:
Strategic management is the process of determining the right mix of operating activities for the type of organization, its plans, and its markets.
Q:
Which of the following statements is FALSE?A) The official absolute poverty level in the United States is far above the average income of many countries in the world.B) In a relative sense, the problem of poverty will always exist.C) An equal distribution of income would eliminate relative poverty. D) An equal distribution of income would eliminate absolute poverty.
Q:
In high-context cultures, personal relationships are crucial and high-level business executives stay in touch with their foreign counterparts.
Q:
The ________________ principle states that transactions and events are expressed in money units.
Q:
In order to hire additional laborers, a monopsony mustA) lower the supply of labor. B) raise the wage rate.C) advertise for the labor. D) do nothing.
Q:
Since formality is a way of life in the United States, even the smallest contracts between companies often involves a formal signing ceremony.
Q:
Planning is defining an organization's ideas, goals, and actions.
Q:
A state with ʺright-to-workʺ laws would most likely haveA) higher employment levels than neighboring states without such laws.B) more workersʹ benefits than neighboring states without such laws. C) more union workers than neighboring states without such laws.D) more worker safety requirements than neighboring states without such laws.
Q:
The first stage of the business negotiation process is nontask sounding, which includes all those activities that might be described as establishing rapport or getting to know one another.
Q:
The ______________ principle assumes business will continue operating indefinitely instead of being closed or sold.
Q:
Thorough preliminary research eliminates the need for negotiators to focus on key facts to reconfirm at the negotiation table.
Q:
The above table depicts output from a firm that manufactures computers. The computers sell for $1,000 each. What is the marginal revenue product (MRP) for the fourteenth worker per week?A) 90 units B) 80 units C) $70,000 D) $60,000
Q:
The three major types of business activities are operating, financing, and investing.
Q:
Bargaining skill is at the top of almost everyone's list of negotiator traits.
Q:
The theory of regulatory behavior that predicts that the ʺregulatorsʺ eventually will become controlled by the ʺregulatedʺ is calledA) the capture hypothesis.B) the the share-the-gains, share-the-pains hypothesis. C) the asymmetric information hypothesis.D) the market failure hypothesis.
Q:
The _______________ principle requires that financial information is supported by independent, unbiased evidence.
Q:
Due to the great differences in the roles played by women across cultures, gender should be used as a selection criterion for international negotiation teams.
Q:
Which of the following best describes the Tweedle Dee -Tweedle Dum outcome?
A) Two firms choose incompatible product formats.
B) Two firms choose one compatible product format.
C) Two firms wish to coordinate on one compatible product format but cannot agree on which one.
D) Two firms choose to engage in a noncooperative game.
Q:
The single most important activity of international business negotiations is summarizing.
Q:
The three common forms of business ownership include sole proprietorship, partnership, and non-profit.
Q:
A merger between firms that are in the same industry is called aA) conglomerate merger. B) horizontal merger.C) vertical merger. D) none of the above.
Q:
When faced with a complex negotiation task, most Asians divide the large task up into a series of smaller tasks.
Q:
The principle that requires that a business be accounted for separately from its owners is the __________________ principle.
Q:
Monopolistically competitive firms advertise to attempt toA) lower their average variable costs. B) build brand loyalty.C) lower barriers to entry. D) increase barriers to entry.
Q:
The Japanese tend to emphasize hierarchical relationships that leads to hampered internal communications.
Q:
The Securities and Exchange Commission (SEC) is the private group that sets both broad and specific accounting standards.
Q:
In equilibrium, which of the following conditions is common to both unregulated monopoly and pure competition?A) P = MR B) AR = ATC C) MR = MC D) MC = P
Q:
American buyers achieve better results than Japanese buyers.
Q:
_________ are beliefs that separate right from wrong.
Q:
Consider an industry that is in long -run equilibrium. An increase in demand leads to an increase in the price of the good. We know that this isA) a decreasing cost industry. B) a constant cost industry.C) an increasing cost industry. D) not a competitive industry.
Q:
The egalitarian values of American society dictate that American sellers give complete deference to the needs and wishes of buyers.
Q:
The Securities and Exchange Commission (SEC) is the government group that establishes reporting requirements for companies that issue stock to the public.