TEST 2026 QUESTIONS WITH CORRECT
ANSWERS GRADED A+
◍ performance.
Answer: quality - position - price - age
◍ systematic study.
Answer: Looking at relationships, attempting to attribute causes and effects,
and drawing conclusions based on scientific evidence
◍ marketing, finance, product, research and development.
Answer: 4 functional areas
◍ high end.
Answer: position - age - quality - price
◍ match product to market, rank best product.
Answer: two step purchase decision
◍ wage increases.
Answer: Which of these investments is not a function of the Production
department? Increasing AutomationWage IncreasesCreating new production
lines
◍ short-term orientation.
Answer: A national culture attribute that emphasizes the past and present,
respect for tradition, and fulfillment of social obligations
◍ awareness.
Answer: 1/3 forget from year to year-built over time by products promotion
budget-fund advertising and public relations campaign
◍ openness to experience.
, Answer: A personality dimension that characterizes someone in terms of
imagination, sensitivity, and curiosity
◍ accessibility.
Answer: built over time by products sales budget-fund salespeople and
distribution systems to service customers
◍ avoiding.
Answer: In conflict, the desire to withdraw from or suppress a conflict
◍ interactionist view of conflict.
Answer: The belief that conflict is not only a positive force in a group but
also an absolute necessity for a group to perform effectively
◍ organizational demography.
Answer: The degree to which members of a work unit share a common
demographic attribute, such as age, sex, race, educational level, or length of
service in an organization, and the impact of this attribute on turnover
◍ power distance.
Answer: A national culture attribute that describes the extent to which a
society accepts that power in institutions and organizations is distributed
unequally
◍ poor investing and financing decisions, negative cash flows result in
emergency loan.
Answer: reasons for having bad cash flows
◍ statement of cash flows, balance sheet, Income statement.
Answer: 3 financial statements
◍ norms.
Answer: Acceptable standards of behavior within a group that are shared by
the group's members
◍ status characteristics theory.
Answer: A theory that states that differences in status characteristics (power,
contributions, personal characteristics) create status hierarchies within
, groups
◍ relationship conflict.
Answer: Conflict based on interpersonal relationships
◍ competing.
Answer: In conflict, a desire to satisfy one's interests, regardless of the
impact on the other party to the conflict
◍ performing stage.
Answer: The fourth stage in group development, during which the group is
fully functional
◍ acquire capital, dividend policy, AP/AR policy, debt to equity structure,
performance measures.
Answer: 5 decisions that come with financing
◍ raising automation risks.
Answer: 1) expensive - $4 per unit2) as you raise, increasingly difficult for
R and D to reposition products short distances
◍ authentic leaders.
Answer: Leaders who know who they are, know what they believe in and
value, and act on those values and beliefs openly and candidly. Their
followers would consider them to be ethical people
◍ trust.
Answer: A positive expectation that another will not act opportunistically
◍ ingroup favoritism.
Answer: Perspective in which we see members of our ingroup as better than
other people, and people not in our group as all the same
◍ contingency variables.
Answer: Situational factors: variables that moderate the relationship
between two or more variables
◍ self-managed work teams.
Answer: Groups of 10 to 15 people who take on responsibilities of their
, former supervisors
◍ true.
Answer: The Proformas are dynamic financial statements that recalculate
based on your decisions. TrueFalse
◍ low end.
Answer: price - age - position - quality
◍ conflict process.
Answer: A process that has five stages: potential opposition or
incompatibility, cognition and personalization, intentions, behavior, and
outcomes
◍ current debt, stock issues, profits, long term debt.
Answer: 4 different ways to acquire capital
◍ reinforcement theory.
Answer: A theory that says that behavior is a function of its consequences
◍ stereotyping.
Answer: Judging someone on the basis of one's perception of the group to
which that person belongs
◍ arbitrator.
Answer: A third party to a negotiation who has the authority to dictate an
agreement
◍ Research and development.
Answer: Products are invented and revised by which department?
MarketingProductionResearch and DevelopmentFinance
◍ R and D cycle time factors.
Answer: - automation level of production line- number of projects
underway- distance moved
◍ over forecasting, failed to raise funds needed for expenditures.
Answer: Emergency loan factors