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Business class > Business class > Flashcards

Business class Flashcards

1
Q

Who is the current Federal Reserve Chair?

A

Jerome Powell

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2
Q

What is the current US unemployment rate?

A

4.1%

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3
Q

Does the US currently have a budget deficit or budget surplus?

A

budget deficit

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4
Q

Does the US currently have a trade deficit or trade surplus?

A

trade deficit

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5
Q

which company ranked #1 on Fortunes 2024 “Best Companies to work” list?

A

Hilton

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6
Q

who became the new US Supreme Court Justice in 2022?

A

Justice Jackson Ketanji Brown Jackson 1st Black woman justice ever.

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7
Q

Which of the following best describes conceptual skills?

A

the ability to think in the abstract , to diagnose and analyze different situations, and to see beyond the present situation.

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8
Q

Comparing actual performance against standards is an example of the____ management function?

A

Controlling

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9
Q

____ is the process of determining the best way to arrange a business’ resources and activities into a coherent structure?

A

Organizing

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10
Q

Copmanies develop_____ plans to deal with possible changes in a business or the business market environment, such as potential increases in interest rates?

A

Contingency

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11
Q

which of the followinf best describes a trategic plan?

A

a plan reflecting decisions about resource allocation, company priorities, and steps needed to reach strategic goals.

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12
Q

Ranked #1 on Fortunes “most powerful women in business” list recently?

A

Marry Barra

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12
Q

Ceo of Pepsico?

A

Ramon Laguarta

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13
Q

Ceo of Disney?

A

Robert Iger

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14
Q

Ceo of Tesla?

A

Elon Musk

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15
Q

CEO of CVS?

A

David Joyner

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16
Q

Ceo of Hilton?

A

Christopher J Nisseta

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17
Q

Ceo of Home Depot?

A

Ted Decker

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18
Q

Ceo of general Motors?

A

Mary Barra

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19
Q

Ceo of Apple?

A

The Cook

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20
Q

Ceo of Alphabet (google)?

A

Sundar Pichai

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21
Q

Ceo of Media?

A

Mark Zuckerberg

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22
Q

Ceo of Tik tok?

A

Shoe Zi Chew

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23
Q

Ceo of Chase?

A

Jamie Dimon

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24
Q

Ceo of OWN (Oprah Winfrey network)?

A

Tina Perry

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25
Q

Ceo of Lowes?

A

Marvin Ellison

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26
Q

_____ refers to activities, a set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

A

Marketing

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27
Q

Selecting the most apporiate price at which to sella product is included as one of the marketing mix elements of___

A

pricing

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28
Q

Decisions about warehosuing, inventory control, and transportation are a part of the ____ function.

A

place

29
Q

Which of the following best defines market segmentation?

A

the process of dividing a market into categories of customer types.

29
Q

Burberry has repositioned itself as a global luxury brand, like Gucci and Louis Vuitton, and calls for luring a different type of customer, who is top-of-the- lineand fashion-conscious. This is an example of ___ market segmentation.

A

psychographic

29
Q

A_____ is a group of people on which a firms marketing efforts are focused. The people within the group tend to have similar wants and needs?

A

target market

30
Q

Yale University has invited 12 students to take part in a discussion of food in its dining halls. Yale is using ____ to collect marketing data.

A

a focus group

30
Q

_____ influences on consumer behavior iclude family opinion leaders, and refrences groups, such as friends, co-workers, and proffessional associates?

A

social

31
Q

The___stage of the consumer-buying model occurs after the sale?

A

post-purchase evaluation

32
Q

Includes premiums, coupons, and package inserts intended to tempt cosumers to buy products.

A

sales promotion

33
Q

The first step in the new product development process is____

A

idea generation

34
Q

During the____ stage of the product life cycle, sales begin to climb and the product begins to show profit. Competitors introduce similar products.

A

growth

35
Q

Companies often their products to establish_____, a companys’s percentage of the total market sales for a specific product type.

A

market share

36
Q

A___ is the amount added to a product’s cost in order to sell it at a target profit.

A

markup

37
Q

Costs that are unaffected by the quantity of a product sold are ____ costs.

A

fixed

38
Q

Bettys Breads is trying to calculate their breakeven point. Their monthly fixed costs (rent and salaries) are 5,000.00. the cost of making one loaf of bread, considering labor and materials, is $3.50. At a sales price of $6.00, their breakeven point would be____ loaves.

A

2000

39
Q

____ distribution is a strategy by which a manufacturer grants exclusive rights to distribute or sell a product to a limited number of wholesalers or retailers in a given geographical area.

A

Exclusive

40
Q

______ refers to a promotional strategy designed to appeal directly to consumers who will demand a product from retailers.

A

pull

41
Q

Free conditioner with the purchase of a bottle of a bottle of shampoo is an example of a(n)____.

A

premium

42
Q

Which of the following best descibes price skimming?

A

setting an initial high price to cover new product costs and generating a profit.

43
Q

What is the current federal funds rate?

A

4.75%- 5.0%

44
Q

Scarcity

A

if supply is less than demand, then shortage

45
Q

surplus

A

if supply is greater than demand, then surplus

46
Q

trade surplus

A

positive balance of trade means exports is greater imports

47
Q

trade deficit

A

negative balance of trade means exports is greater exports

48
Q

productivity

A

the efficiency of producing goods or services

49
Q

monetary polictical

A

federal reserve sets federal funds rate, 4.58%

50
Q

fiscal policy

A

Congress’ support or lack of support for increasing or decreasing government spending on Social Security, Medicare, defense, etc.

51
Q

which has limited liability

A

corporation

52
Q

which has unlimited liability

A

partnership and sole proprietorship

53
Q

which has double taxation

A

corporation

54
Q

who owns a corporation

A

shareholders

55
Q

organizational structures

A

strategic alliance versus licensing versus direct investment

56
Q

social responsibility issues

A

labor conditions, environmental sustainability

57
Q

Theory Y

A

belief employees internally motivated

58
Q

Theory X

A

belief employees irresponsible

59
Q

Classical

A

economic gain as primary motivation

60
Q

Hawthrone

A

managerial attention increases productivity

61
Q

Maslow Hierachy of Needs

A

physiological, security, social, esteem self-actualization

62
Q

Two Factor Theory

A

first hygiene factors, then motivation factors

63
Q

Balance Sheet

A

assets=liabilities+owners equity

64
Q

income statement

A

revenues-cost of goods-operating expenses-income tax= net income

65
Q

common v preferred stock

A

common stock has voting rights versus preferred stock has priority claim over assets

66
Q

sustainability in Managerial Decisions

A

production methods that minimize harm, reward employees for environmental ly sustainable product ideas, contributions to organizations that promote sustainability

Business class (1 decks)

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