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C201 Business Acumen Practice Quizzes with complete solutions 2024
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C201 Business Acumen Practice Quizzes with complete solutions 2024
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C201: BusinessAcumen Practice
Quizzes with complete
solutions 2024
How does planning assist a company? - answer
effective planning helps a company avoid costly
mistakes and seize opportunities
The ethical tone that a top management team
establishes can reap monetary rewards only. -
answer False
Which of the following planning activities involves
two components: business continuation and public
communication? - answer Contingency planning
Fathima, a CEO, sets guideposts that help
managers in her organization define the
organization's desired performance in such areas
as profitability, customer service, growth, and
employee satisfaction. In this scenario, Fathima is:
- answer setting objectives
,Decisions involving entering a new market,
deleting a product from the line, or developing a
new product are examples of: - answer
nonprogrammed decisions
__________ is centered on the boss. - answer
autocratic leadership
Managers use symbols, rituals, ceremonies, and
stories to reinforce: - answer Corporate culture
Which of the following statements is true of
management? - answer Management is the process
of achieving organizational objectives through
people and other resources.
The want-satisfying power of a good or service is
called ____. - answer utility
Canon's assembly line produces a camera by
assembling various parts such as a shutter or a
lens cap. This is an example of a(n) ____________
production process. - answer synthetic
, Historically, robots were commonly used in the
_________. - answer electronics and automotive
industries
A company that wants to locate near a community
often must prepare a(n) _____ that analyzes how a
proposed plant would affect the quality of life in
the surrounding area. - answer environmental
impact study
Since suppliers often offer virtually identical
quality level and prices, the final decision on
supplier selection often depends on: - answer the
company's past experience with each supplier
The _______ phase of production control determines
the sequence of work throughout the facility and
specifies who will perform each aspect of the work
at what location. - answer routing
Production creates form utility. - answer true
Nancy sells textbooks to college professors by
visiting their offices. What type of activity is this? -
answer personal selling
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