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Peregrine Exam 2| Study Questions with 100% Correct Verified Answers
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Peregrine Exam 2| Study Questions with 100% Correct Verified Answers
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Peregrine Exam 2| Study Questions with 100%Correct Verified Answers
All of the following are considered extrinsic motivators in Herzberg's two-factor theory EXCEPT:
- ANSWER Work itself
Which of the following is NOT one of the process motivation theories? - ANSWER Acquired
needs theory
An individual who purchases a computer later decides to acquire a new motherboard. In terms
of computing GDP, this new motherboard would be a(n) - ANSWER Final good
The largest component of GDP is - ANSWER consumption
In economics, firms are assumed to - ANSWER Maximize profits
Holding everything else equal, total revenue increases - ANSWER when either price or quantity
increase
Government tactics that include removing incentives, demanding a higher share of profits and
taxes, and confiscating foreign assets are known as: - ANSWER Expropriation
,"People of the same trade seldom meet together, even for merriment and diversion, but
their conversation often ends in conspiracy against the public." This quote from Adam Smith
is referring to which of the following business relationship terms: - ANSWER Collusion
____ is a collection of facts organized so that they have additional value beyond the value of
the facts themselves. - ANSWER Information
____ is the simulation of a real or imagined environment that can be experienced visually in
three dimensions. - ANSWER Virtual reality
The Federal Highway Administration uses notice-and-comment rulemaking. This process begins
with - ANSWER the publication of a notice of proposed rulemaking.
Kip opens an account at a Lotsa Goodies Store, and buys a digital music player and other
items, but makes no payments on the account. To collect the debt, Mako, the manager,
contacts Kip's parents. This violates - ANSWER No federal law
The process of setting major organization objectives and developing plans to achieve them is
called: - ANSWER Strategic planning
One way human resource planning links to strategic planning is by providing a set of inputs
into the: - ANSWER strategy formulation process
In the SERVQUAL instrument for measuring service quality, the concept of assurance
is associated with - ANSWER The ability to convey trust and confidence
Which of the following is not one of W. Edwards Deming's 14 points? - ANSWER The only
performance standard is Zero Defects
A leading force currently driving change at work is: - ANSWER Global competition
, A questioning, probing attitude is at the core of: - ANSWER critical thinking
Which of the following IS NOT a purpose of a marketing plan? - ANSWER It explains how
marketing activities mesh with other functional areas
In the context of marketing planning, why is it vital that the marketing plan be capable of selling
itself to top management? - ANSWER Because top managers must decide whether the
marketing plan is the best use for the organization's scarce resources
Sensitivity analysis considers - ANSWER changes in the values of the payoffs.
A population characteristic, such as a population mean, is called - ANSWER A parameter
OPERATING STATEMENT IS ANOTHER NAME FOR WHICH OF THE FOLLOWING? - ANSWER
Income Statement
AN INCREASE TO WHICH OF THE FOLLOWING ACCOUNTS WILL INCREASE OWNERS' EQUITY? -
ANSWER Client Fees
PURCHASES RETURNS AND ALLOWANCES AND PURCHASE DISCOUNTS ARE CLASSIFIED
AS WHICH OF THE FOLLOWING ON THE INCOME STATEMENT? - ANSWER CONTRA-COST
ACCOUNTS
THE LAST STEP IN PREPARING A WORKSHEET IS WHICH OF THE FOLLOWING? - ANSWER
TOTAL THE INCOME STATEMENT AND BALANCE SHEET ITEMS TO COMPUTE NET INCOME
(LOSS)
Mission Statement vs Vision - ANSWER A MISSION STATEMENT DEFINES THE COMPANY'S
BUSINESS, ITS OBJECTIVES AND ITS APPROACH TO REACH THOSE OBJECTIVES. A VISION
STATEMENT DESCRIBES THE DESIRED FUTURE POSITION OF THE COMPANY. ELEMENTS OF
MISSION AND VISION STATEMENTS ARE OFTEN COMBINED TO PROVIDE A STATEMENT OF THE
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