Prelim 1 2004 (Answers) - Copy

Prelim 1 2004 (Answers) - Copy - AEM220 Introduction to...

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AEM220 Spring 2004 Introduction to Business Management Pedro David Pérez Prelim #1 FORM A 1. This exam is composed of 100 questions, a mixture of multiple choice, matching, and true/false questions. You will have exactly 90 minutes to complete the exam. Please allocate your time accordingly. 2. Make sure you leave yourself enough time at the end to have the bubble sheet completely filled out before time is called. No additional time will be allocated for this activity. 3. If you have questions about anything, do not hesitate to ask. Just raise your hand and we will come to your seat. 4. After you have completed your exam , print your name in the space below, sign and date the Honor Code. GOOD LUCK!!! Name (please print) _______________________________________________________ Student ID Number _____________________________ Honor Code : I affirm that I have abided by the guidelines set forth in the Cornell University Code of Conduct: Signature ________________________________________________________________ Date ________________________________
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PART ONE. Please match the following concepts to the construct they belong to. (NOTE: each of the constructs may belong to multiple concepts). The constructs are: a. Functions of management b. Phases of the product life cycle c. Stages of the career development process d. Functional areas of business e. Sources of technology and innovation 1. Acquisition e. 2. Confusion c. 3. Controlling a. 4. Contract out e. 5. Crystallization c. 6. Decline b. 7. Development b. 8. Exploration c. 9. Finance d. 10. Growth b. 11. Implementation c. 12. e. 13. Introduction b. 14. Joint-ventures e. 15. Leading a. 16. Licensing e. 17. Marketing d. 18. Maturity b. 19. Operations d. 20. Organizing a. 21. Planning a. 22. Specification c. PART II. Please answer the following multiple choice questions 23. Innovation that expands on product characteristics and value propositions already in place is considered a. Incremental b. Radical c. Disruptive d. Product e. Process 24. Most of the businesses in the U.S.A. are a. Cooperatives b. Franchises c. Corporations d. Partnerships e. Sole proprietorships
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25. Suppose you want to locate a new supermarket in Ithaca. Which of the following criteria would be the MOST important to determine that location? a. Having potential employees nearby b. Having a road right in front of the store c. Locating the store where it can be accessed by many customers d. Having lots of space to expand e. Finding a real estate bargain 26. A software solution that addresses business needs taking the process view of the organization to meet the organizational goals tightly integrating all functions of a business is called a ___________________ system. a.
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Prelim 1 2004 (Answers) - Copy - AEM220 Introduction to...

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