BUS 211 Week 5 Quiz

Your answers : 7/7 (100%)

• Correct answerquestion1

A three stage business plan is used by managers. Which of the following is one of the stages?

Assembling raw materials into finished products

Calling customers to sell products

Answering questions about products from customers

Selecting goals and targets for team members

• Correct answerquestion2

What leadership approach would a leader take if they were to combine a concern for the well-being of the employee with an approachable demeanor and attitude?

Participative approach

Supportive approach

Direct approach

Achievement-oriented approach

• Correct answerquestion3

Marketing, operations, sales distribution, and customer service support are included in what functions of a business?

Complimentary function

Primary value function

Secondary value function

Tertiary function

• Correct answerquestion4

Which component of the HRM system determines who is the best fit for the organization’s specific job requirements?

Labor relations

Performance appraisal and feedback

Recruitment and selection

Pay and benefits

• Correct answerquestion5

A detailed SWOT analysis would classify competition in the industry or market as a

threat

strength

opportunity

weakness

• Correct answerquestion6

What term best describes the buyers and sellers available for a particular product?

Company

Demand

Market

Supply

• Correct answerquestion7

When looking at a demand curve for a particular product. The slope falls downward from left to right. This slope shows which of the following:

As price decreases, quantity increases.

As price increases, quality increases.

As price decreases, quality increases.

As quantity decreases, price decreases.