Management Exam #2.docx - Question 1 0 out of 2 points Louie's goals are to increase sales 5 profit 7 and lower inventory 15 These are Selected Answer

Management Exam #2.docx - Question 1 0 out of 2 points...

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Question 1 0 out of 2 points Louie's goals are to increase sales 5%, profit 7%, and lower inventory 15%. These are ____________ Selected Answer: Louie's index to measure progress Correct Answer: The targets Louie wants to achieve Question 2 0 out of 2 points The most socially responsible goal of a company is profit because without it, people lose jobs, the community loses taxes, and welfare and other social organizations get strained. Selected Answer: Fals e Correct Answer: True Question 3 2 out of 2 points The belief that your culture or way of doing business is the best way Selected Answer: None of the above Correct Answer: None of the above Question 4 2 out of 2 points The FCPA Selected Answer: Would not allow a US company to give stock for free to a foreign government military leader in order to secure a purchase order Correct Answer: Would not allow a US company to give stock for free to a foreign government military leader in order to secure a purchase order Question 5 2 out of 2 points Andy and Mallorie went to Germany and were consistently late to their business meetings. They had a hard time because the German ____________ values promptness
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Selected Answer: Cultur e Correct Answer: Cultur e Question 6 2 out of 2 points The USA places a low value on competition Selected Answer: Fals e Correct Answer: Fals e Question 7 2 out of 2 points Global cultural awareness is becoming very important for business managers in todays world Selected Answer: Tru e Correct Answer: Tru e Question 8 2 out of 2 points Which is not a point to consider, if you have an ethical dilemma about a business decision Selected Answer: All are points to consider before making a decision Correct Answer: All are points to consider before making a decision Question 9 2 out of 2 points Tactical plans are are associated with functional areas of a business and are usually carried out by first line managers or labor workers Selected Answer: Fals e Correct Answer: Fals e Question 10
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2 out of 2 points Commodity type businesses, like American cheese, T-bone steak, and maple syrup, spend a long time in the decline stage of the product life cycle. Selected Answer: Fals e Correct Answer: Fals e Question 11 2 out of 2 points Burger King recently purchased Tim Horton's donuts, a Canadian company, to combine their headquarters in Canada. BK did this to pay lower the lower Canadian tax rate and increase profits to shareholders. BK executed a direct investment of Tim Horton's. Selected Answer: Tru e Correct Answer: Tru e Question 12 2 out of 2 points Lucci exchanges 500 pounds of premium cigar tobacco from Venezuela for 300 gallons of Pauly's red Italian wine. This is referred to as a ___________ Selected Answer: Countertrade agree ment Correct Answer: Countertrade agree ment
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