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76 which of the following is a factor of production

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76. Which of the following is a factor of production? (knowledge) 80. The goal of (promotion) is to inform and remind people in a target market about specific products eventually persuading them to participate in an exchange. 82. Which of the following established a government agency to enforce the laws regulating unfair competition? (Federal Trade Commission Act) 83. (Contingency) planning prepares alternative courses of that may be used if the primary plans are not achieving objectives. 86. An owner of a corporation is known as a(n) (stockholder). 87. In a(n) (centralized) organization, decision-making authority is concentrated at the top level of management. 90. The personal satisfaction people feel when they have done a job well is a(n) (intrinsic) reward. 92. Supervisory management personnel spend most of their time on (technical and human relations skills). 93. The (sole proprietorship) is the most common form of business ownership. 94. To be competitive, (William Ouchi) recommended that American firms adopt a new management style that was a hybrid of the approaches used by Japanese firms and those used by American firms called (Theory Z). 98. Promotions and transfers are (internal) sources available to human resource managers in their recruiting efforts. 100.The purpose of (training and development) is to increase an employees’ ability to perform productively. It is important to note that the questions listed above, as well as all questions on the final exam, were based on the measurable course performance objectives (MPOs). The specific questions, which were frequently answered incorrectly by BUS 101 – 5
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students in the studied cohort, will be shared with all faculty (full-time and adjunct) assigned to teach BUS 101 so that when the related topics are covered during the semester, these concepts should be given further emphasis in the lectures and on assignments. Regarding assignments, it is important to note that the C ONNECT Learn Smart (McGraw Hill Learning Management System) modules are strongly recommended for use in BUS 101. These modules are designed to emphasize the fundamental concepts of the course and give students practice on mastering the MPOs. For this reason, it is imperative that all instructors who teach this course in the future require the students to complete the Learn Smart modules. Hopefully, this will result in a higher level of student mastery of the MPOs for BUS 101, which will then be seen in better student performance on the final exam. This was, in fact, the case in Dr. Himelstein’s class where every single student who completed the Learn Smart modules received an A or B as a final course grade. BUS 101 – 6
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