POB Finals

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questions to study for the pob final.

Widgets Unlimited Company examined several options of additional benefits to offer its employees. The company has decided to offer health care insurance. Which part of the economic decision-making process has it performed?

C. Choosing one Choice.

A report covering Several quarters about the economy includes that more companies are experienceing record high production and adding new employees. Also, wages and the rate of GDP are increasing significantly. Which phase of the business cycle does this report describe?

B. Prosperity

Mary is proud of saving over 43,000 in a bank. she knows that her saving money at the band will provide funds for others to borrow money, This information would be useful for which measurement of economic activities?

C. Investment Activities

Due to decreasiong enrollment in a local school system, fewer teachers as emplotyees are needed. As a result, over 100 teachers were released from their commitments. This information would be useful for which measurement of economic activities?

D. Labor Activities

In a hypothetical economy, only 40 people were included and 15 pizzas were produced lastyear at $7 each. This information would be useful for which measurement of economic activities?

C. GDP per capita

When a government agency reports annually the total amount spent to pay employees, this information is useful for which measurement of economic activities?

B. GDP

If an economist researches annually the total value of homes built, this information would be useful for which measurement of economic activities?

B. GDP

A covenience store gave the rights to a company in Mexico to sell its products and services. This is an example of which global marketplace main entry mode?

B. Franchising

Several Prime Ministers of East African countries are negotiating the trade of products and services throughout the eastern region. this is an example of which encouragment of international trade?

A. Common Markets

Due to the high volume of travelers visiting the United Kingdom, the country has set ip duty-free shops in highly visited areas. This is an example of which encouragement of International trade?

C. Free Trade Zone

Cuba bans American products to be sold within it's country. This is an example of which international trade barrier?

A. Embargo

India limits the amount of imported wheat products to protect its own industry, This is an example of which international trade barrier?

C. Quotas

Before arriving at the meetings in other countries to negotiate contacts fir a company located in the united states, Stacy learns about appropriate business behavior of the other countries, Thich main factor of the internation business environment is this information she learns classified?

A. Cultural influences

Both Bob and Jeri contributed to the expansion of their business to sell more brands of ties, They both experienced which AVANTAGE of a partnership over a sole proprietorship?

C. More capital available.

Tami opened an auto body shop after repairing a couple of cars to the high satisfaction of customers. She has experiences which ADVANTAGE over a corporation?

B. Ease of formation

Carlos ignores minor decisions in his business even though his name is on the sign as one of the owners, This is an example of what type of bussiness ownership?

C. Partnership

Josh conducts prientations to inform new employees about available benefits. Which human resources manager activity does he perform?

A. Management of compensation methods.

Vera accepts input from her employees annually about the upcoming budget. This is an example of which style of leadeship?

B. Democratic

Keisha allowed her employees to plan the expansion project. This is an example of which style of management?

B. Strategic

Jason decided for long-term projects that he would allow employees to give input and for daily routines he would determine the necessary duties. This is an example of which style of management?

A. Mixed

Jim solicited feedback from Jack, who is one of his employees, about a new display case. This is an example of which style of management?

C. Tactical

John renovated his restuarant to reflect the retro style of 1950. This is an example of which type of business operation?

A. Facilities Management

A production manager determined that the buffer made the finish of crs appear to be dull, Which continuous process improvement did he perform?

D. Monitor performance continuously.

Which is an example of Production planning for resources?

C. Remodeling a building in order to manufc=acture a new product

Which is an example of Production planning for personnel?

A. Employees are needed for manufacturing a new product.

Which is an example of product development?

D. Studying new functions for a detergent

Nabisco prepares tons of oats to be used for producing granola bars. Which type of manufacturing procedure is performed?

D. Materials processing

Draperies, Inc. finished organic cotton drapes for the local theater on Walnut street. Which type of manufacturing procedure was performed?

A. Custom Manufacturing

Cheng processed reports on his computer that will allow his manager to make decisions about the amount of brake pads and oil to order from the warehouse. This is an example of what type of technology appication?

B. Management information system

Sheetz convenience Stores have a touchscreen ordering system that helps customers with ordering food and beverages, This is an example of which type of technology application?

C. Expert systems

Jose installs automated systems that will assist customers with opening bbank accounts, This is an example of what type of technology application?

A. Artificial Intelligence

New York Fashions COmpany surveys customers to find out which zip codes most of their customers reside. The result will help with the company;s relocation plans. This is an example of which marketing function?

C. Marketing-information Management

Dunkin' Donuts offers a free donut to customers that complete an on-line survey. The feedback will help with the future product options. This is an example of which marketing function?

C. Marketing-information Management

Many small businesses that sell unique products realized it is easier to make a profit by having businesses online as opposed to a physical location, This is an example of Which marketing Function?

A. Distribution

Mary decided to order more Casio, Epson, Nikon, and Sony cameras for her store. These Cameras have received the best reviews from her customers. Where is she in the consumer decision making process?

A. Determing the effectiveness of the decision

Mary plans to order 300 Cameras for her store inventory. Where is she in the consumer decision making process?

B. Make a purchase

Mary will be opening her own camera store soon. She is trying to figure out which types of cameras to sell. Where is she in the consumer decision making process?

A. Gather information

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