Economic Concepts: Steel Industry Complaints, Market Equilibrium, Accounting, and Finance, Exams of Nursing

Download Economic Concepts: Steel Industry Complaints, Market Equilibrium, Accounting, and Finance and more Exams Nursing in PDF only on Docsity! 1 | P a g e PERGRINE EXAMS 2024 (NEWEST) WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED RATIONALES ANSWERS 2024 ALREADY GRADED A+ The rate of unemployment is calculated as the number of: unemployed workers divided by the number of employed workers. people in the civilian labor force divided by the number of unemployed. employed workers divided by the number of unemployed workers. unemployed divided by the number of people in the civilian labor force. unemployed divided by the number of people in the civilian labor force. On a hot summer day, a construction worker enters a McDonald's fast-food restaurant. He orders the first Big Mac. He consumes it within 3 minutes. He then orders a second Big Mac and consumes it in 10 minutes. He eats only half of the third one in 18 minutes and throws away the rest. The store manager offers him the fourth for free. The construction worker says: "No thanks." Why? For the construction worker, total utility increased at an increasing rate. Marginal utility increased at an increasing rate. Marginal utility declined as he consumed additional Big Macs. The law of diminishing marginal utility does not apply to consumption of Big Macs. Marginal utility declined as he consumed additional Big Macs. George, a project manager at a publishing firm, is experiencing many stress-related symptoms. What is the best advice an HR manager could give George? Handle work issues immediately. Recognize your own limitations. Keep your problems to yourself. Focus on making work a priority. Recognize your own limitations Which of the following is a category or element of the balance sheet? Liabilities Losses Expenses Gains 2 | P a g e Liabilities In the context of the data component of an information system, internal data sources include _____. economic conditions personnel records population statistics government agencies Personnel Records According to the hot stove rule, disciplinary action should most likely occur immediately, so that the individual _____. Share the experience with co-workers Have time to contact an HR manager Understand the reason for it Receive appropriate training opportunities Understand the reason for it In the context of applications of artificial intelligence (AI), _____ perform well at simple, repetitive tasks and can be used to free workers from tedious or hazardous jobs. data mining agents firewalls robots electronic trackers Robots A company has two bonds that are identical except one matures in 5 years and one matures in 10 years. If interest rates fall, what will happen to the price of the bonds? Both will increase and the 10-year will increase more. Both will decrease and the 5-year will decrease more. Both will increase and the 5-year will increase more. Both will decrease and the 10-year will decrease more. Both will increase and the 10-year will increase more. Any business activity, which resorts to deceitful practices or devices with the intent to deprive another of property or other rights, or to cause economic injury. External Fraud Which of these actions would likely result in a lower current ratio? 5 | P a g e serial key secondary key foreign key domain key foreign key The ________ was intended to eliminate job discrimination based on race, color, national origin, sex, and religion. Fair Employment Practices Act Title VII of the Civil Rights Act of 1964 Lilly Ledbetter Fair Pay Act Title II of Genetic Information Nondiscrimination Act Fair employment practices act Which of the following is not a shortcoming of using manager judgment for forecasting availability? Managers are always overall aggressive in estimating hiring requirements None of the above are shortcomings of management judgement The complexity of forecasting may overwhelm the manager Managers may not know employee intentions Managers are always overall aggressive in estimating hiring requirements Which of these is typically a characteristic of a sales promotion? It is advertised via e-media It requires the consumer to act on the offer in a fixed time The consumer does not have to buy the product to benefit from the offer It is a key part of social media marketing The consumer does not have to buy the product to benefit from the offer A(n) _____ consists of programs that mimic human thought behavior in a specific area that human specialists have solved successfully. evolutionary model spiral model Artificial intelligence system database system Artificial intelligence system Which of the following is NOT a strategic alternative to laying off employees? implementing a restricted hiring policy downsizing the workforce 6 | P a g e lowering employment standards mandating reduced hours Lowering Employment Standards KJ built his taco truck out of $75,000,000 worth of titanium and duct tape. He uses $10.25 of organic bok choy, $6.75 of Wisconsin cheddar cheese, and $25.25 of foie gras in each taco. If he sells tacos at $475 each, what is his break-even quantity? 194,640 173,310 167,125 181,292 173,310 The Marketing Concept today is about what? Sales Relationships Aggressive advertising Price Sales Which of these is not a cash flow activity category in the Statement of cash flows? operating. investing. financing. depreciating. Depreciating Which one of the following statements is false? TC = TFC + TVC ATC = AFC + AVC AFC = TFC divided by Q MC = TC divided by Q AFC = TFC divided by Q The ratio that explains how efficiently companies use their assets to generate revenue. Receivables turnover ratio Asset turnover ratio Income ratio Quick ratio 7 | P a g e Asset Turnover Ratio The sum of the squares total (SST) measures the total variability in X about the mean. measures the total variability in Y about the mean. measures the variability in X about the regression line. measures the variability in Y about the regression line. Measures the variability in Y about the regression line. This strategy sacrifices responsiveness to local markets in favor of efficiency. Microsoft, for example, offers the same software programs around the world but adjusts the programs to match local languages. Multinational strategy Global strategy Transnational strategy Multidomestic strategy Global Another Time Around helps young inner city kids develop products they can make and sell to earn money for college. What concept best describes this? The marketing mix Cause marketing Benevolent advertising A tax deduction Corporate charitable marketing None of the above. cause marketing Lauren is an HR manager at a marketing firm. Which of the following functions is LEAST likely to be an aspect of Lauren's job? Employee and labor relations Staffing Employee staffing Product testing Product Testing Local area networks (LANs) are used to _____. link computers that are geographically far apart provide communication services spanning several cities or states 10 | P a g e In the market for new automobiles, the effects that these changes will have on the equilibrium price and quantity include: price will increase, and quantity will decrease. price will decrease, and the effect on quantity is indeterminate. price will decrease, and quantity will increase. price will increase, and the effect on quantity is indeterminate. price will increase, and quantity will decrease What is the advantage of foreign direct investment? Helps in retaining advantage over competition Reduces transportation costs Creates a company tailored to a foreign market's characteristics All of the above All of the above The contention that tariffs should be imposed when a foreign government provides financial assistance to its producers is: the infant industry argument. a national defense concern. dumping. to counter foreign subsidies. the infant industry argument. A new young executive is perplexed at the number of interruptions that occur due to employee relations. She has decided to track the number of interruptions that occur during each hour of her day. Over the last month, she has determined that between 0 and 3 interruptions occur during any given hour of her day. The data is shown below. number of interruptions - probability 0 interruptions - .4 1 interruptions - .3 2 interruptions - .2 3 interruptions - .1 On average she should expect 1 interruption per hour. True False False _____ is the amount of data that can be transferred from one point to another in one second. 11 | P a g e Protocol Bandwidth Packet Latency Bandwidth The principle of rational choice specifically states that you choose how to spend additional income based on what gives you: the most total utility for that dollar. the most average utility for that dollar. the most marginal utility for that dollar. the least total utility for that dollar. the most marginal utility for that dollar Outdoor World has everything any hunter or fisherman could want, all under one roof including a display of hunting trophies and a swimming pool full of bass to test fishing gear. What kind of retailer is Outdoor World? Socially conscious retailing NRA retailing Gender targeted retailing Micro target retailing Destination retailing Destination retailing Jack has the power to give a bonus the employees to achieve a certain level of performance. This is an example of: Legitimate power Reward power Expert power Referent power Reward Power What is a general ledger? A general ledger account is an account or record used to sort, store and summarize a company's transactions. asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and Equipment liability accounts including Notes Payable, Accounts Payable, Accrued Expenses Payable, and Customer Deposits 12 | P a g e stockholders' equity accounts such as Common Stock, Retained Earnings, Treasury Stock, and Accumulated Other Comprehensive Income What is the difference between accounts payable and accounts receivable? Accounts payable is a current liability account in which a company records the amounts it owes to suppliers or vendors for goods or services that it received on credit. Accounts receivable is a current asset account in which a company records the amounts it has a right to collect from customers who received goods or services on credit. What is the cost of goods sold? The cost of goods sold is the cost of the products that a retailer, distributor, or manufacturer has sold. What is owner's equity? Owner's equity is one of the three main sections of a sole proprietorship's balance sheet and one of the components of the accounting equation: Assets = Liabilities + Owner's Equity. What is principles of accounting? Principles of accounting can also refer to the basic or fundamental accounting principles: cost principles, matching principles, full disclosure principles, materiality principles, going concern principles, economic entity principles, and so on. In this context, principles of accounting refers to the broad underlying concepts which guide accountants when preparing financial statements. What is equity? Equity can indicate an ownership interest in a business, such as stockholders' equity or owner's equity. Equity can mean an owner's interest in a personal asset. For example, the owner of a $200,000 house that has a mortgage loan of $75,000 is said to have $125,000 of equity in the house. What is meant by reconciling an account? Reconciling an account is likely to mean proving or documenting that an account balance is correct. What is included in cash and cash equivalents? In accounting, a company's cash includes the following: currency and coins checks received from customers but not yet deposited checking accounts petty cash Cash equivalents are short-term, highly liquid investments with a maturity date that was 3 months or less at the time of purchase. money market accounts U.S. Treasury Bills commercial paper 15 | P a g e ____ is the simulation of a real or imagined environment that can be experienced visually in three dimensions. Virtual reality The Federal Highway Administration uses notice-and-comment rulemaking. This process begins with 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 No federal law The process of setting major organization objectives and developing plans to achieve them is called: Strategic planning One way human resource planning links to strategic planning is by providing a set of inputs into the: strategy formulation process In the SERVQUAL instrument for measuring service quality, the concept of assurance is associated with The ability to convey trust and confidence Which of the following is not one of W. Edwards Deming's 14 points? The only performance standard is Zero Defects A leading force currently driving change at work is: Global competition A questioning, probing attitude is at the core of: critical thinking Which of the following IS NOT a purpose of a marketing plan? 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? Because top managers must decide whether the marketing plan is the best use for the organization's scarce resources Sensitivity analysis considers changes in the values of the payoffs. A population characteristic, such as a population mean, is called 16 | P a g e A parameter OPERATING STATEMENT IS ANOTHER NAME FOR WHICH OF THE FOLLOWING? Income Statement AN INCREASE TO WHICH OF THE FOLLOWING ACCOUNTS WILL INCREASE OWNERS' EQUITY? Client Fees PURCHASES RETURNS AND ALLOWANCES AND PURCHASE DISCOUNTS ARE CLASSIFIED AS WHICH OF THE FOLLOWING ON THE INCOME STATEMENT? CONTRA-COST ACCOUNTS THE LAST STEP IN PREPARING A WORKSHEET IS WHICH OF THE FOLLOWING? TOTAL THE INCOME STATEMENT AND BALANCE SHEET ITEMS TO COMPUTE NET INCOME (LOSS) Mission Statement vs Vision 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 COMPANY'S PURPOSES, GOALS AND VALUES. HOWEVER, SOMETIMES THE TWO TERMS ARE USED INTERCHANGEABLY. Corporation Structure A BOARD OF DIRECTORS; OFFICERS; EMPLOYEES; SHAREHOLDERS/OWNERS AN INTERNAL CONFIGURATION OF THE FUNCTIONAL AREAS OF A BUSINESS CORPORATE GOVERNANCE IT ESSENTIALLY INVOLVES BALANCING THE INTERESTS OF A COMPANY'S MANY STAKEHOLDERS, SUCH AS SHAREHOLDERS, MANAGEMENT, CUSTOMERS, SUPPLIERS, FINANCIERS, GOVERNMENT AND THE COMMUNITY IT ENCOMPASSES PRACTICALLY EVERY SPHERE OF MANAGEMENT, FROM ACTION PLANS AND INTERNAL CONTROLS TO PERFORMANCE MEASUREMENT AND CORPORATE DISCLOSURE. GDP Calculation THE FORMULA FOR GDP IS: GDP = C + I + G + (EX -IM), WHERE "C" EQUALS SPENDING BY CONSUMERS, "I" EQUALS INVESTMENT BY BUSINESSES, "G" EQUALS GOVERNMENT SPENDING AND "(EX -IM)" EQUALS NET EXPORTS, THAT IS, THE VALUE OF EXPORTSMINUSIMPORTS. GROSS DOMESTIC PRODUCT (GDP) IS ONE OF THE PRIMARY INDICATORS USED TO GAUGE THE HEALTH OF A COUNTRY'S ECONOMY. IT REPRESENTS THE TOTAL DOLLAR VALUE OF ALL GOODS AND SERVICES PRODUCED OVER A SPECIFIC TIME PERIOD, OFTEN REFERRED TO AS THE SIZE OF THE ECONOMY 17 | P a g e ANALYSIS: GDP GROWTH RATE IS THE GROWTH IN GDP FROM QUARTER TO QUARTER.GDP PER CAPITA MEASURES GDP PER PERSON AND IS A GREAT WAY TO COMPARE GDP DATA BETWEEN VARIOUS COUNTRIES. Inflation IS DEFINED AS A SUSTAINED INCREASE IN THE GENERAL LEVEL OF PRICES FOR GOODS AND SERVICES IN A COUNTY, AND IS MEASURED AS AN ANNUAL PERCENTAGE CHANGE. UNDER CONDITIONS OF INFLATION, THE PRICES OF THINGS RISE OVER TIME. Recession IS A SIGNIFICANT DECLINE IN ECONOMIC ACTIVITY THAT GOES ON FOR MORE THAN A FEW MONTHS. IT IS VISIBLE IN INDUSTRIAL PRODUCTION, EMPLOYMENT, REAL INCOME AND WHOLESALE-RETAIL TRADE. International Trade IS THE EXCHANGE OF CAPITAL, GOODS, AND SERVICES ACROSS INTERNATIONAL BORDERS OR TERRITORIES. IN MOST COUNTRIES, SUCH TRADE REPRESENTS A SIGNIFICANT SHARE OF GROSS DOMESTIC PRODUCT (GDP). MICROECONOMIC TRENDS ARE PATTERNS OF MOVEMENTS OR CHANGES IN ECONOMIC FACTORS SUCH AS CONSUMER, HOUSEHOLD, OR FIRMS' INCOME, SAVINGS, DEBT, AND EXPENDITURE. MICROECONOMIC ANALYSIS ATTEMPTS TO EXPLAIN THE BEHAVIOR OF INDIVIDUALS AND ORGANIZATIONS IN A GIVEN ECONOMY. FUNCTIONS THROUGH MODELING AND BY EMPHASIZING INTERESTS. Accounting Profit IS THE MONETARY COSTS A FIRM PAYS OUT AND THE REVENUE A FIRM RECEIVES. TOTAL MONETARY - REVENUE TOTAL COSTS. Economic Profit IS THE MONETARY COSTS AND OPPORTUNITY COSTS A FIRM PAYS AND THE REVENUE A FIRM RECEIVES. TOTAL REVENUE-(EXPLICIT COSTS + IMPLICIT COSTS). LAW OF SUPPLY THAT THE QUANTITY OF A GOOD SUPPLIED (I.E., THE AMOUNT OWNERS OR PRODUCERS OFFER FOR SALE) RISES AS THE MARKET PRICE RISES, AND FALLS AS THE PRICE FALLS. Law of Demand 20 | P a g e Global Strategy Another Time Around helps young inner city kids develop products they can make and sell to earn money for college. What concept best describes this? Cause Marketing Lauren is an HR manager at a marketing firm. Which of the following functions is LEAST likely to be an aspect of Lauren's job? Product Testing Local area networks (LANs) are used to _____. Integrate services to a single building or campus In June 2015, American steel companies United States Steel Corp., Nucor Corp., Steel Dynamics Inc., ArcelorMittal USA, AK Steel Corp., and California Steel Industries filed a complaint with the Department of Commerce and the ITC alleging that China (and other countries) were selling steel in the U.S. market at prices lower than their own markets. This practice is known as Dumping Dumping is considered: The sale of an exported product at a price lower than that charged for the same or a like product in the "home" market of the exporter. Marginal revenue is equal to: Marginal cost The primary purpose of employer branding is to ________. Attract quality employees The days required for a business to receive inventory, sell the inventory, and collect cash from the sale of the inventory. Operating cycle Which of the following statements is CORRECT? Free cash flow (FCF) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. The data component of an information system is: A series of integrated files containing relevant facts Another name for a decision table is a: Payoff table 21 | P a g e In the automobile industry, workers have just negotiated a new contract giving workers a large raise. There has also been an increase in the number of licensed drivers who are in the market for a new car. In the market for new automobiles, the effects that these changes will have on the equilibrium price and quantity include: Price will increase, and quantity will decrease What is the advantage of foreign direct investment? All of the above The contention that tariffs should be imposed when a foreign government provides financial assistance to its producers is: The infant industry argument. A new young executive is perplexed at the number of interruptions that occur due to employee relations. She has decided to track the number of interruptions that occur during each hour of her day. Over the last month, she has determined that between 0 and 3 interruptions occur during any given hour of her day. The data is shown below. Number of interruptions - probability (1.) 0 interruptions - .4 (2.) 1 interruptions - .3 (3.) 2 interruptions - .2 (4.) 3 interruptions - .1 On average she should expect 1 interruption per hour. False _____ is the amount of data that can be transferred from one point to another in one second. Bandwidth The principle of rational choice specifically states that you choose how to spend additional income based on what gives you: The most marginal utility for that dollar Outdoor World has everything any hunter or fisherman could want, all under one roof including a display of hunting trophies and a swimming pool full of bass to test fishing gear. What kind of retailer is Outdoor World? Destination retailing Jack has the power to give a bonus the employees to achieve a certain level of performance. This is an example of: Reward Power The rate of unemployment is calculated as the number of: Unemployed divided by the number of people in the civilian labor force. On a hot summer day, a construction worker enters a McDonald's fast-food restaurant. He orders the first Big Mac. He consumes it within 3 minutes. He then orders a second Big Mac and consumes it in 10 22 | P a g e minutes. He eats only half of the third one in 18 minutes and throws away the rest. The store manager offers him the fourth for free. The construction worker says: "No thanks." Why? Marginal utility declined as he consumed additional Big Macs. George, a project manager at a publishing firm, is experiencing many stress-related symptoms. What is the best advice an HR manager could give George? Recognize your own limitations Which of the following is a category or element of the balance sheet? Liabilities In the context of the data component of an information system, internal data sources include _____. Personnel Records According to the hot stove rule, disciplinary action should most likely occur immediately, so that the individual _____. Understand the reason for it In the context of applications of artificial intelligence (AI), _____ perform well at simple, repetitive tasks and can be used to free workers from tedious or hazardous jobs. Robots A company has two bonds that are identical except one matures in 5 years and one matures in 10 years. If interest rates fall, what will happen to the price of the bonds? Both will increase and the 10-year will increase more. Any business activity, which resorts to deceitful practices or devices with the intent to deprive another of property or other rights, or to cause economic injury. External Fraud Which of these actions would likely result in a lower current ratio? Extending the time to pay suppliers Dave is developing a social media platform to help Saint Leo students plan events and track attendance. Part of his persona profile includes age, gender and class year. What part of segmentation best describes these factors? Demographic Ellen, as a manager, has always been driven by scheduling, directing group activities, planning, and trying out new ideas. For her, meeting deadlines is critical and she always gives explicit standards of performance. Ellen can be described as high on which of these? Delegating 25 | P a g e contra-cost accounts law of supply states that the quantity of a good supplied (I.E. the amount owners or producers offer for sale) rises as the market price rises, and falls as the price falls population sampling the process of taking a subset of subjects that is representative of the entire population. the sample must have sufficient size to warrant statistical analysis what is principles of accounting the broad underlying concepts which guide accountants when preparing financial statements what is equity? it indicates an ownership interest in a business what is meant by reconciling an account? it is likely to mean proving or documenting that an account balance is correct implicit cost any cost that has already occurred but not necessarily shown or reported as a separate expense explicit cost normal business costs that appear in the general ledger and directly affect a company's profitability stocks shares of ownership in a company bonds Certificates of debt that carry a promise to buy back the bonds at a higher price an increase in ______ will increase owners equity client fees a dividend will reduce ______ retained earnings conflicts of interest exist when employees must choose whether to advance their own interests, those of the organization, or those of some other gtoup TQM is most helpful to firms following the ______ business strategy integrated cost-leadership differentiation 26 | P a g e which of the following is not considered an extrinsic motivator in Herzberg's two-factor theory work itself which of the following is not one of the process motivation theories? acquired needs theory the largest component of GDP is ______ consumption in economics, firms are assumed to ______ maximize profits holding everything else equal, total revenue increases 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: 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 by Adam Smith is referring to ______ collusion information a colection of facts organized so that they have additional value beyond the value of the facts themselves virtual reality the simulation of a teal or imagined environment that can be experienced visually in 3 dimensions 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 ______ No federal law strategic planning the process of setting major organization objectives and developing plans to achieve them a leading force currently driving change at work is ______ global competition a questioning, probing attitude is at the core of ______ 27 | P a g e critical thinking which of the following is NOT a purpose of a marketing plan? 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? because top managers must decide whether the marketing plan is the best use for the organizations scarce resources sensitivity analysis considers changes in values of the payoffs a population characteristic, such as a population mean, is called a parameter an increase to ______ will increase owners eqity client fees the last step in preparing a worksheet is ______ total the income and balance sheet items to compute net income (loss) mission statement defines the company's business, its objectives and its approach to reach those objectives vision statement describes the desired future position of the company corporate structure a board of directors, officers, employees, shareholders/owners, an internal configuration of the functional areas of a business corporate governance The role of a corporation's executive staff and board of directors in ensuring that the firm's activities meet the goals of the firm's stakeholders GDP Calculation GDP = Spending by consumers + investment by businesses + government spending + (exports - Imports) GDP the total market value of all final goods and services produced annually in an economy inflation 30 | P a g e unit cost reductions associated with a large-scale output Larger quantities can be produced at a lower average unit cost Economies of scope are: unit cost to produce a product will decrease as the variety of products increases Leadership effectiveness tends to be higher when the leader's intelligence is: a little higher than that of the average group memeber Creativity among leaders tends to be distributed: along a continuum from low to high Gross private domestic (GDP) investment is equal to all purchases of newly produced capital goods: plus changes in business inventories plus purchases of new residential housing GDP is the total market value of all: final goods and services produced annually within a country's borders As the price of good A rises, the demand for good B rises. Therefore, goods A and B are: substitutes The law of supply states that price and quantity supplied are: directly related, ceteris paribus Which of the following are least likely to result in collusion? Heterogeneous products In some industries where pressure for globalization are relatively low, local firms may possess some skills and assets that are transferable overseas, thus leading to a/an ______________ strategy Extender Many IT professionals start their careers as programmers, or programmer/analysts, and then are promoted to __________, positions that require a broad range of skills system analysts You might find organizations where there are both a CIO and a ________ and one reports to the other. CTO When directors on a board serve for a fixed term but are not elected all at once it is known as a _________ board staggered 31 | P a g e The __________ is a program developed by the industrialized countries to assist developing nations by improving their ability to export Generalized System of Preferences Which of the following statements about recruitment activities is true? Effective recruitment attracts individuals to the organization Which of the following statements about contingent employment is true? Rehiring former or laid-off employees as contingent workers is an effective method of recruiting The ability to produce a product in high volume at roughly the same cost as standard products but customized to individual customer tastes is: Mass customization If a quality improvement plan is implemented and then periodically evaluated and it is discovered that the plan did not show improvement, what should be done? Earlier assumptions need to be reevaluated The communication competency is linked to effective performance of all but which of the following skills? Liaison skill The communication competency is linked to effective performance of which of the following skills? questioning skill Coordinating the flow of all goods, services and information among channel members, and throughout the channel, is referred to as: logistics __________ strategies are incentives a manufacturer offers to its distribution partners such as dealers, wholesalers, retailers, and the like to sell products to the end-users. Push marketing The sampling method in which a population is divided into blocks and then selected by choosing a random mechanism is called a: systematic sampling A judgmental sample is a sample in which the: sampling units are chosen according to the sampler's judgment _____________ are the most serious of crimes and are considered inherently evil felonies 32 | P a g e ______________ discrimination occurs when an employer treats a specific individual less favorably than others because of that person's race, color, national origin, sex, or religion Disparate-treatment The ________ is the federal agency responsible for enforcing most federal anti-discrimination laws. Equal Employment Opportunity Commission (EEOC) Pretty Good Drugs Inc., a pharmaceutical company, has designed a new medicine for morning sickness among pregnant women. Testing at their R&D center showed the drug to be highly reliable. Pretty Good Drugs Inc. has to approach a U.S. federal administrative agency called ________ for the drug to be deemed legal for sale to the public. Food and Drug Admin (FDA) A monopoly power is characterized by: a single seller or firm whereby he has the soul power to decide prices in the market. The product sold by a monopoly is highly differentiated from the market. There are high barriers to enter such Market and such barriers includes patent rights, government licensing. Price discrimination is a common practice in such Market. Which of the following is true of an S corporation? It cannot have more than one hundred shareholders A member of a minority race applies for a promotion to a position advertised as available at his company. The minority applicant, who is qualified for the position, is rejected by the company which hires a nonminority applicant for the position. The minority applicant can sue under ________. C. Title VII of the Civil Rights Act D Which of the following is true of employment discrimination defined under Title VII? Disparate impact discrimination may occur when an employer adopts a work rule that is neutral on its face but is shown to cause an adverse impact on a protected class Which of the following statements is true of disparate treatment and disparate impact? For there to be discrimination under disparate treatment, there has to be intentional discrimination. The ADAAA is a federal statute that makes it illegal for an employer to discriminate against job applicants and employees based on genetic information. True To claim under disparate-treatment discrimination, the complainant must prove that ________.