Reference no: EM133478012

Question 1.

D'Jeanea inherited money from her grandparents in 2007 and invested it in the stock market. In 2008 the market dropped drastically. During the recession that followed, her portfolio lost thousands of dollars in value even though all of the companies she invested in remained solvent. D'Jeanea left her money in the market and kept it invested in the same companies as 2007. What is the most likely state of her portfolio today?

a. It has continued to lose value.
b. Since an economic recovery generally lasts an average of 10 years, her portfolio gained in value but is currently on the down-turn as the economy entered another period of recession.
c. It has grown then faltered and is most likely worth the same or less than it was worth in 2007.
d. It has most likely gained value due to the uptick in the business cycle and is no doubt worth as much or more than it was worth in 2007.

Question 2.

Gwendolyn is having difficulty managing her business. She knows what she wants to and what her goals are, but she is having difficulty knowing how to navigate the government forms, employee demands, and how to promote her business. She has come to you for advice about where to get the resources she needs for her business to succeed. Which of the following is the most likely solution to her problem?

a. She could sell the business and use the money from the sale to return to school then start a new business after she completes her schooling.
b. You could provide her with some pamphlets from the SBA regarding business management and she could read them and resolve her issues by following their advice.
c. She could contact the SBA and enroll in one or more of its business management programs.
d. She could return to school and earn an MBA.

Question 3.

Exquisite Expressions is a home decorating company that sells many different household accessories ranging from candles to entertainment centers. Dora is the CEO of the company. She feels that there is not enough specialization within the company and wants to organize the business in a different way. Dora thinks that the company would be more effective if it were to switch to a new way of organization. For example, there could be a manager in charge of the candles, a different manager in charge of the entertainment centers, and so on.

Another issue that Dora wants to resolve is that of delegation. She believes that if she could improve her delegating, employees would feel more empowered and want to go above and beyond what they are required to do. There are certain reasons that Dora has a hard time delegating to others, but she is confident that the problem will be overcome if she works on it.

Refer to Exquisite Expressions. Dora should address all of the following when it comes to organizing the business except

a. regulating behavior.
b. departmentalization.
c. establishing a chain of command.
d. delegation.
e. job design.

Question 4.

Which of the following statements is true? The Export-Import Bank of the United States

a. ?assists in financing the exports of American firms.
b. ?was created in 1960 by major U.S. banks.
c. ?is an example of a multilateral development bank.
d. ?provides loans to U.S. importers.

Question 5.

Carol has worked for Centrum Springs, Inc., for many years and has now been given the opportunity to advance in the company. Her manager is retiring and hopes that Carol will take over for him. However, even though Carol is an experienced employee, there are many things that she still needs to learn. Carol has trained many new employees, but she has never held a management position. Carol needs to have a general understanding of what it takes to be a manager.

There are many problems in Carol's department. There are no plans to fall back on in case the initial plan fails. Carol also will need to learn how to direct people in such a way that makes them want to do more than they absolutely have to. Carol feels that this is a great opportunity, and she is anxious to learn everything to be a great manager. She knows that if she performs well in this position, she will have the opportunity to move up the corporate ladder.

Refer to Centrum Springs, Inc. Carol's usual duties represent which of these areas?

a. Operations management
b. Human resources management
c. Administrative management
d. Marketing management
e. Financial management