Applied Business Research
ACAMS Practice Questions
Accounting Cycle and Classifying Accounts
Accounting For Managers
Accounting for Merchandising Activities
Accounting for Pensions
Accounting Information Systems
Activity Based Costing
Adjusting Accounts for Financial Statements
Advanced Business Economics
Advertising and Public Relations
Advertising and Sales Promotion
An Overview of International Business
Analysis and Forecasting Techniques
Analyzing and Recording Transactions
Asset Demand and Supply under Uncertainty
Auditing and Attestation
Behavioral and Allied Sciences
Bonds and Long Term Notes Payable
Business Analytics & Technology Management Chapter 2
Business Analytics & Technology Management Chapter 3
Business Analytics & Technology Management Chapter 4
Business Analytics & Technology Management Chapter 5
Business Analytics & Technology Management Chapter 6
Business and Company Law
Business Ethics and Governance
Business Ethics Exam
Business Law Study guide
Business Organisations and Environment
Business organization and systems
Business Process Performance
California Real Estate
Capital Budgeting and Managerial Decisions
Changes in Accounting Principles
Changing Marketing Environment
Consolidated Financial Statements
Corporate and Business Law
Cost Accounting Final exam
Cost Accumulation Systems
Cost Allocation Techniques
Cost and Managerial Accounting
Cost of Capital
Cost Terms and Classifications
Cost Volume Profit Analysis
Currency Exchange Rates
Customer Relationships and Value
CVP Analysis and Marginal Analysis
Debt and Bankruptcy
Decision Makers Household Sector
Demand for Money
Derivative Instruments and Hedging Activities
Dividends, Shares, and Income
Elasticities of Demand and supply
Employee Training and Development
Environments of Business
Essence of Management
Ethical and Professional Standards
Ethics and Social Responsibility
Ethics for Management Accountants
External Financial Statements and Revenue Recognition
Federal Securities Acts
Financial and the Nonfinancial Sectors
Financial Decision Making
Financial Intermediaries and Financial Markets
Financial Markets and Securities Offerings
Financial Statements and Accounting Transactions
Flexible Budgets and Standard Costs
Florida Real Estate MCQs
Fraud Internal Control and Cash
Fundamental Accounting Principles
Global Marketing and World Trade
Governmental Accounting State and Local
Health and Life Comprehensive Exam
Health and Life Practice Questions
Human Resource Management
Human Resource Management HRM
Human Resource Planning
Importance of Business Economics
Insurance and Risk Management
Insurance License Texas Life and Health
Integrated Marketing Communications and Direct Marketing
Interactive Marketing and Electronic Commerce
Internal Auditing and Systems Controls
Internal Control and Cash
International Trade and Globalisation
Interpersonal and Organizational Communication
Introduction to Business
Introduction to Human Resource Management
Introduction to Human Resources Assessment
Investment Risk and Portfolio Management
Job Order Costing
Life and Health Insurance
Life Insurance Basics
Life Insurance Policies
Life Insurance Policy
Long Term Investment
Long Term Securities
Management and Cost Accounting
Managerial Accounting Concepts and Principles
Managing Organizational Change
Managing Production and Operations
Managing Products and Brands
Market Segmentation Targeting and Positioning
Marketing and Corporate Strategies
Marketing Channels and Wholesaling
Master Budgets and Planning
Mergers and Acquisitions
Money and Banking
National Health Insurance
Not For Profit Accounting
Organization and Operation of Corporations
Organizational Behavior Essentials
Organizational Markets and Buyer Behaviour
Organizational Structure and Design
Personal Selling and Sales Management
Principles and Practices of Management
Production and Operations Management
Profitability Analysis and Analytical Issues
Profitability Analysis and Decentralization
Property Plant and Equipment
Property Plant and Equipment Exam
Reporting and Analyzing Cash Flows
Reporting and Analyzing Long Lived Assets
Reporting and Analyzing Receivables
Responsibility Accounting and Performance Measures
Risk and Procedures for Control
Service Department Costing
Short Term Financing
Short Term Investment
Standard Costs and Variance Analysis
State Health Insurance
Statement of Cash Flow
Statement of Comprehensive Income
Statement of Financial Position
Stock Market and Stock Prices
Strategic Marketing Process
Structure of Interest Rates
Succession and Transfer Taxes
Supply Chain and Logistics Management
System Analysis and Design
Texas Real Estate
The Management Challenge
Total Quality Management
Understanding Exchange Rates
Understanding Interest Rates
Understanding Interest Rates Determinants
Value Added Tax
International Business MCQs
Olive oil prepared in a small Italian oil press factory and sold by large supermarkets in the United States is an example of a ________.
net national product
gross domestic product
Which of the following terms applies to the sale of a particular brand of jeans manufactured in the U.S. and sold in Canadian stores?
A business that has direct investments (in the form of marketing or manufacturing subsidiaries) abroad in several countries is called a ________.
The rise of a new international entity called the ________ suggests that any company, regardless of age, experience, and resources, can engage in inte...
born global firm
Small companies selling traditional products benefit from ________.
the barriers to trade that restrict their products from crossing domestic boundaries
increased investment by foreign competitors in domestic markets
government policies that seek to regulate the flow of capital across national borders
technology that lowers the costs and difficulties of global communication
________ is the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies.
Development that meets the needs of the present without compromising the ability of future generations to meet their own needs indicates ________.
An established consumer market that primarily comprises the middle class and possesses efficient infrastructure is characteristic of ________ markets....
________ markets are characterized by the rural population migrating to cities for better pay and thus, overloading cities'; infrastructures.
Kireki is a small country with a corrupt government. Its population is rural for the most part and citizens have few or no legal rights. Which of the ...
Ethnocentricity can be defined as the ________.
scientific description of individual human societies
systematic study of an ethnic group's religious core
merging of all ethnic practices into one homogeneous culture
belief that oneâ€™s own ethnic group or culture is superior to that of others
Detailed knowledge about a culture that enables people to work happily and effectively within it is called ________.
Which of the following is a cultural component that implies gauging the beauty and appeal of artwork?
_______ is increasing the pace of both cultural diffusion and cultural change.
Cultural change occurs when people integrate into their culture the gestures, material objects, traditions, or concepts of another culture through ___...
_______ facilitate(s) the process of cultural imperialism.
Strict product liability laws
Relaxed trade and investment barriers
Social media censorship
________ is a system in which a supervisor walks an employee through every step of an assignment or task, monitoring the results at each stage.
Folk customs that spread by cultural diffusion to other regions develop into ________.
Nepotism often prevails in ________ cultures.
Which of the following political ideologies states that every aspect of people's lives must be controlled for a nation's political system to...
________ is the belief that only individuals and private groups should control a nation's political activities.
_______ is the belief that both private and public groups play important roles in a nation's political activities.
A ________ is a political system in which a country's religious leaders serve as its political leaders.
________ is a political system in which political leaders rely on military and bureaucratic power to support their rule.
Which of the following terms refers to an economic system in which the government owns and controls all types of economic activity?
In a ________ government, the strongest political parties share power by dividing government responsibilities among themselves.
Democracies try to preserve peaceful coexistence among groups of people with diverse cultural, ethnic, and racial backgrounds. These rights are known ...
A ________ economy is a system in which the government owns a nation's land, factories, and other economic resources, and schedules nearly all ec...
Which of the following is an important factor in forming successful business ventures in China?
following the strategies of western countries for establishing business relationships
focusing on establishing tight formal contracts
giving high importance to written contracts
establishing a trusting relationship before proceeding with business
In which of the following systems is land, factories, and other economic resources equally split between private and government ownership?
black market economy
centrally planned economy
France, Germany, and Sweden are examples of ________.
centrally planned economies
The selling of government-owned economic resources to private operators is called ________.
In a market economy, economy-related decisions are determined by the interactions between ________.
the government and individuals
supply and demand
customers and employees
large and small businesses
Assuming insects destroyed most of the coffee crops in key coffee-producing countries worldwide, which of the following would most likely occur within...
Coffee prices would increase.
Coffee prices would decrease.
Demand for coffee would increase.
Demand for coffee would decrease.
Laissez-faire economics refers to ________.
less government interference in commerce and greater individual economic freedom
a government-controlled system with less economic freedom at the individual level
a centrally planned economic system
creating monopolies through government partnership
Supply and demand are dictated by ________.
the price mechanism
the management's decisions
In a market economy, access to alternative purchase options is known as ________.
________ says that nations should accumulate financial wealth, usually in the form of gold, by encouraging exports and discouraging imports.
Absolute advantage theory
Factor proportions theory
One of the major pillars upon which the practice of mercantilism rested was ________.
economies of scale
The condition that results when the value of a country's imports is greater than the value of its exports is called ________.
a trade deficit
economies of scale
a break-even point
Nations following the theory of ________ believed that the world's wealth was limited and that a nation could increase its share of the pie only ...
Today, countries seen by others as trying to maintain a trade surplus and expand their national treasures at the expense of other nations are accused ...
Which of the following refers to the ability of a nation to produce a good more efficiently than any other nation?
When a country is not able to produce a good more efficiently than other nations, but produces the good more efficiently than it does any other good, ...
What is term used to describe a reduction in average cost of production arising from a firm operating on a larger scale?
Diseconomies of scope
Economies of scale
Economies of scop
If fixed costs are $200,000 and the variable costs associated with producing 50,000 shoes is $400,000, what is the average cost (per shoe)?
If fixed costs are $200,000 and the variable costs associated with producing 80,000 shoes is $640,000, what is the average cost (per shoe)?
If fixed costs are $200,000 and the average variable cost per shoe is $8, what is the total profit that would be earned if the average selling price p...
What are internal economies of scale?
Cost savings due to factors within the firmâ€™s control
Cost savings occurring due to improved infrastructure
Cost savings occurring due to industry growth
Cost savings occurring due to technological progress
Which of the following is not an example of an internal economy of scale?
Managerial economies of scale
Purchasing economies of scale
Availability of specialist labour D. Marketing economies of scale
When a firm can utilize highly efficient machinery and automation techniques to mass produce its output and reduce average cost, this is a ___________...
When a large firm can borrow money at a lower cost compared to a small firm, this is a _____________ economy of scale.
Which option is not an example of external economies of scale?
Regional specialization and expertise
Improvements in infrastructure
If an area possesses significant production support services and an abundance of highly skilled labour, allowing firms to reduce their average costs, ...
Internal economy of scale
What are internal diseconomies of scale?
Reductions in average costs that arise when the firm operates on a larger scale
Increases in average costs that arise when the firm operates on a larger scale
Reductions in average costs that arise when the industry grows as a whole
Increases in average costs that arise when the industry faces problems such as traffic congestion, higher rental expenses and labour shortages
What is not an example of internal diseconomies of scale?
Communication and coordination breakdowns
Increased rental expenses
Alienation of lower level employees from management
What is not a factor causing external diseconomies of scale?
Increased rental expenses
Shortages of labour
Which option is not a benefit of being a small firm?
Ability to provide personalised services
Easy access to funds
Greater freedom in decision-making
What is not a benefit of being a large organisation?
High brand recognition and loyalty
Increased flexibility to changes in the market
Ability to provide additional value-added services
Enhanced access to finance, high-quality labour and distribution channels
What are mergers, acquisitions and franchising examples of?
Diseconomies of scale
Economies of scale
Which of the following is not a valid method of achieving internal growth?
Mergers and takeovers
Providing superior trade credit facilities
Developing superior products
What is not an advantage of organic growth?
Control and ownership of the organization is maintained
Less risky compared to inorganic growth
It is relatively cheaper
It prevents diseconomies of scale
What is not an advantage of external growth?
It reduces or eliminates competition
It is quicker than organic growth
It can help raise market share and market power
It is cheaper and less risky compared to organic growth
When two companies come together to form a new, combined entity, this is called a(n) ____________; when one company buys out a controlling interest in...
Acquisition, strategic alliance
Joint venture, acquisition
Strategic alliance, joint venture
What is not an advantage of mergers and acquisitions as a method of external growth?
They allow for quick diversification
They allow for higher market share and market power
They limit the extent of culture clashes
They allow for economies of scale to be achieved
What is not a disadvantage of mergers and acquisitions?
They are prone to organizational culture clashes
They reduce a firmâ€™s market power
They are expensive and highly risky
Diseconomies of scale may occur
What is the main difference between a joint venture and a strategic alliance?
A joint venture involves forming a new legal entity whereas a strategic alliance does not
A joint venture facilitates geographic diversification whereas strategic alliances facilitate product diversification
A joint venture involves pooling resources whereas a strategic alliance involves one company renting the productive resources of another
A joint venture is done between the private and public sector, whereas a strategic alliance involves parties from only the private sector
What is not an advantage of a joint venture?
Synergies can be created when resources are shared
Risks are spread
Economies of scale can be achieved
Culture clashes are limited
What is not a disadvantage of joint ventures and strategic alliances?
Culture clashes are likely
There are enhanced financial risks to each party
Diseconomies of scale may set in
There may be a dilution of the individual brands
What is the business model where a firm sells the legal rights to trade under its brand name?
What is not an advantage of franchising as a method of growth for the franchisee?
Regular royalty payments are received
Entrepreneurial abilities and flexibility of franchisees are encouraged
Relatively low risk
Rapid expansion and increased market presence
What is unlikely to be a drawback of franchising as a model of growth?
The franchisor's image is at risk if a franchisee is unprofessional
Diseconomies of scale can arise
Entrepreneurial potential of franchisees is not fully utilized
Clash of corporate cultures
Which option is least likely to be a benefit of multinational companies to a host nation in a less economically developed country?
They create jobs and boost gross domestic product
They facilitate knowledge and technology transfers
They are likely to operate more responsibly than local firms
They intensify domestic competition
When a firm acquires another business that operates at a different stage in the chain of production, this is called _________ integration.
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