Question 1

An ombuds investigates complaints and helps to settle them fairly.

Accepted Answer

A) True 
 B)False  True

Question 2

_________ occurs when a person uses confidential information before it becomes public knowledge to buy or sell the company stock.

Accepted Answer

A) Outsider trading 
B) Freewheeling 
C) Whistleblowing 
D) Insider trading 
E) Hedging 
A) Outsider trading 
B) Freewheeling 
C) Whistleblowing 
D) Insider trading 
E) Hedging D

Question 3

Which of the following are concerned with safety and health in the work place?

Accepted Answer

A) OSHA 
B) Department of Labor 
C) Patient Protection and Affordable Care Act 
D) Workplace violence 
E) Privacy 
A) OSHA 
B) Department of Labor 
C) Patient Protection and Affordable Care Act 
D) Workplace violence 
E) Privacy A, B, C, D

Question 4

Which of the following are rights of a stockholder?

Accepted Answer

A) Share in profits through dividend payment 
B) Vote on bylaws and charter changes 
C) Sell shares of stock 
D) Know about the affairs of the corporation through information disclosure 
E) Receive an annual report with financial performance and condition 
A) Share in profits through dividend payment 
B) Vote on bylaws and charter changes 
C) Sell shares of stock 
D) Know about the affairs of the corporation through information disclosure 
E) Receive an annual report with financial performance and condition

Question 5

Which statements about the old employment relationships are correct?

Accepted Answer

A) Under the old employment relationship, job seekers were expected to be hired and trained for the job. 
B) The old relationship provided job security, steady pay increases with good benefits, opportunities for advancement, and long-term employment. 
C) Employees are responsible for their own career future, which is likely to entail having multiple jobs. 
D) The old manager-employee relationship was more collaborative than adversarial. 
E) The old relationship called for loyalty to and identification with the employer. 
A) Under the old employment relationship, job seekers were expected to be hired and trained for the job. 
B) The old relationship provided job security, steady pay increases with good benefits, opportunities for advancement, and long-term employment. 
C) Employees are responsible for their own career future, which is likely to entail having multiple jobs. 
D) The old manager-employee relationship was more collaborative than adversarial. 
E) The old relationship called for loyalty to and identification with the employer.

Question 6

Which statement about the new employment relationships is correct?

Accepted Answer

A) The company provides job security, steady pay increases with good benefits, and opportunities for advancement. 
B) Employees enjoy long-term employment. 
C) The new relationship calls for loyalty to and identification with the employer. 
D) The new manager-employee relationship is quite adversarial. 
E) The new relationship expects loyalty to self and identification with the profession. 
A) The company provides job security, steady pay increases with good benefits, and opportunities for advancement. 
B) Employees enjoy long-term employment. 
C) The new relationship calls for loyalty to and identification with the employer. 
D) The new manager-employee relationship is quite adversarial. 
E) The new relationship expects loyalty to self and identification with the profession.

Question 7

To compete successfully in the global economy, management and labor need to collaborate and compete with their business competitors, rather than fight amongst themselves.

Accepted Answer

A) True 
 B)False

Question 8

The _______ Act gave employees the right to unionize without fear of prosecution, and it listed unfair practices of employers.

Accepted Answer

A) Wagner 
B) Norris-LaGuardia 
C) Fair Standards 
D) Civil Rights 
E) Employee Protection 
A) Wagner 
B) Norris-LaGuardia 
C) Fair Standards 
D) Civil Rights 
E) Employee Protection

Question 9

Which of the following is true about executive compensation?

Accepted Answer

A) U)S. executives are the highest paid in the world. 
B) Compensation only comes in the form of salaries. 
C) Executives are prohibited by federal law to earn more than $1 million a year. 
D) A golden parachute refers to executives bailing out of a company before it goes bankrupt. 
E) An executive's skill and performance has little do to with his or her compensation. 
A) U)S. executives are the highest paid in the world. 
B) Compensation only comes in the form of salaries. 
C) Executives are prohibited by federal law to earn more than $1 million a year. 
D) A golden parachute refers to executives bailing out of a company before it goes bankrupt. 
E) An executive's skill and performance has little do to with his or her compensation.

Question 10

Which of the following are neutral parties that can be called to help settle labor disputes?

Accepted Answer

A) arbitrator 
B) steward 
C) mediator 
D) charter 
E) outside director 
A) arbitrator 
B) steward 
C) mediator 
D) charter 
E) outside director

Question 11

The stock market is a bit like legalized gambling-the house (financial institutions and brokers) always wins because it gets a commission regardless of profit or loss.

Accepted Answer

A) True 
 B)False

Question 12

Identify the four questions that are answered through developing a business model.

Accepted Answer

The four questions that are answered thr

Question 13

An understanding of labor relations is not necessary to those working in nonunion firms because it cannot aid in keeping the firm from becoming unionized.

Accepted Answer

A) True 
 B)False

Question 14

Employer-employee relationship is much the same as it has always been.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following statements is not a major stakeholder in a corporation?

Accepted Answer

A) Board of directors 
B) Management 
C) Employees 
D) Stockholders 
E) General public 
A) Board of directors 
B) Management 
C) Employees 
D) Stockholders 
E) General public

Question 16

Explain how society expects business to use resources wisely and responsibly.

Accepted Answer

Society expects businesses to use resour

Question 17

Shareholder resolutions place a suggested action on the proxy statement to be voted on by all stockholders.

Accepted Answer

A) True 
 B)False

Question 18

The _________doctrine holds that the employment relationship is voluntary and that employees can be fired or quit for any or no reason.

Accepted Answer

A) employment-at-large 
B) employee outcome 
C) employee option 
D) employment-at-will 
E) freedom-to-work 
A) employment-at-large 
B) employee outcome 
C) employee option 
D) employment-at-will 
E) freedom-to-work

Question 19

Describe characteristics of entrepreneurs that aid them in recognizing and exploiting opportunities.

Accepted Answer

Entrepreneurs possess several characteri

Question 20

A corporate charter is granted by the federal government giving the firm the right to operate under basic terms of its existence and governance.

Accepted Answer

A) True 
 B)False

An ombuds investigates complaints and helps to settle them fairly.

_________ occurs when a person uses confidential information before it becomes public knowledge to buy or sell the company stock.

Which of the following are concerned with safety and health in the work place?

Which of the following are rights of a stockholder?

Which statements about the old employment relationships are correct?

Which statement about the new employment relationships is correct?

To compete successfully in the global economy, management and labor need to collaborate and compete with their business competitors, rather than fight amongst themselves.

The _______ Act gave employees the right to unionize without fear of prosecution, and it listed unfair practices of employers.

Which of the following is true about executive compensation?

Which of the following are neutral parties that can be called to help settle labor disputes?

The stock market is a bit like legalized gambling-the house (financial institutions and brokers) always wins because it gets a commission regardless of profit or loss.

Identify the four questions that are answered through developing a business model.

An understanding of labor relations is not necessary to those working in nonunion firms because it cannot aid in keeping the firm from becoming unionized.

Employer-employee relationship is much the same as it has always been.

Which of the following statements is not a major stakeholder in a corporation?

Explain how society expects business to use resources wisely and responsibly.

Shareholder resolutions place a suggested action on the proxy statement to be voted on by all stockholders.

The _________doctrine holds that the employment relationship is voluntary and that employees can be fired or quit for any or no reason.

Describe characteristics of entrepreneurs that aid them in recognizing and exploiting opportunities.

A corporate charter is granted by the federal government giving the firm the right to operate under basic terms of its existence and governance.

Whats Entrepreneurship About Do You Want to Start Your Own Business

New Venture Options: Do You Want to Start a New Business, Buy One, Be a Franchisee, or a Corporate or Nonprofit Entrepreneur

How Do You Assess the Chances of Venture Success Feasibility Analysis and Protecting the Business Model Legally

Business Planning: Whats Your Legal Form and Strategy

The Marketing Plan: Who Are Your Customers

The Location and Layout Plan: What Facilities Do You Need

The Operations Plan: How Will You Make the Product

The Human Resource Plan: How Do You Develop the New Venture Team and Employees

The Finance Plan: How Much Money Do You Need

Sources of Funds: Where Do You Get the Money

Controls: How Do You Keep the New Venture on Track

Filters

Exam 3: What Business How Do You Find Opportunities and Develop a Business Model

An ombuds investigates complaints and helps to settle them fairly.

_________ occurs when a person uses confidential information before it becomes public knowledge to buy or sell the company stock.

Which of the following are concerned with safety and health in the work place?

Which of the following are rights of a stockholder?

Which statements about the old employment relationships are correct?

Which statement about the new employment relationships is correct?

To compete successfully in the global economy, management and labor need to collaborate and compete with their business competitors, rather than fight amongst themselves.

The _______ Act gave employees the right to unionize without fear of prosecution, and it listed unfair practices of employers.

Which of the following is true about executive compensation?

Which of the following are neutral parties that can be called to help settle labor disputes?

The stock market is a bit like legalized gambling-the house (financial institutions and brokers) always wins because it gets a commission regardless of profit or loss.

Identify the four questions that are answered through developing a business model.

An understanding of labor relations is not necessary to those working in nonunion firms because it cannot aid in keeping the firm from becoming unionized.

Employer-employee relationship is much the same as it has always been.

Which of the following statements is not a major stakeholder in a corporation?

Explain how society expects business to use resources wisely and responsibly.

Shareholder resolutions place a suggested action on the proxy statement to be voted on by all stockholders.

The _________doctrine holds that the employment relationship is voluntary and that employees can be fired or quit for any or no reason.

Describe characteristics of entrepreneurs that aid them in recognizing and exploiting opportunities.

A corporate charter is granted by the federal government giving the firm the right to operate under basic terms of its existence and governance.

Whats Entrepreneurship About Do You Want to Start Your Own Business

New Venture Options: Do You Want to Start a New Business, Buy One, Be a Franchisee, or a Corporate or Nonprofit Entrepreneur

How Do You Assess the Chances of Venture Success Feasibility Analysis and Protecting the Business Model Legally

Business Planning: Whats Your Legal Form and Strategy

The Marketing Plan: Who Are Your Customers

The Location and Layout Plan: What Facilities Do You Need

The Operations Plan: How Will You Make the Product

The Human Resource Plan: How Do You Develop the New Venture Team and Employees

The Finance Plan: How Much Money Do You Need

Sources of Funds: Where Do You Get the Money

Controls: How Do You Keep the New Venture on Track

Filters