26.A recent regulatory audit of RBI Financial Corporation revealed that the company is in compliance with six new regulations and noncompliance with three new rules. The RBI legal counsel gathered the following financial data with the cooperation of functional management. All data is in thousands (k).

Cost of planning$5KCost of hiring employees$10KFines and penalties$100KCost of training$6KCost of implementation$20KCourt costs$1KCost of reporting$2KCost of legal fees$15KReputation costs$50K

What is the out-of-pocket cost of noncompliance for the RBI Corporation?

A.$166kB.$121kC.$129kD.$116k

27.Regarding selling methods, traditional salespeople donotspend any time on

A.presenting the product to a client.B.identifying a client's needs.C.prospecting clients.D.approaching the clients.

28.Price takers are found in

A.imperfect competition.B.perfect competition.C.oligopoly.D.monopoly.

29.Which of the following are both an open-book management practice and an informal communication method?

A.Grapevine sessionsB.Water-fountain meetingsC.Fire-side chatsD.Management by walking around

30.Which of the following eliminates incoming inspection of materials coming from a supplier to a buyer?

A.Supplier certification methodsB.Integrating suppliersC.Supplier reduction strategiesD.Early involvement of suppliers in product design

31.Macroeconomics deals with which of the following?

A.ProfitsB.InflationC.ProductionD.Income

32.From a grand strategy viewpoint, 'expanding with internal investments' occurs in

A.growth.B.global operations.C.retrenchment.D.stability.

33.A supervisor just completed one of his employee's annual performance review. The supervisor saw a growth potential for this employee in the company. Which of the following is the next step for the supervisor to do?

A.Inform the human resources department about the completion of the reviewB.Identify training and development needsC.Inform his manager about the amount of pay raise that is within the budgetD.Decide the amount of pay raise to give

34.From a grand strategy viewpoint, a period of forced decline occurs in

A.stability.B.global operations.C.growth.D.retrenchment.

35.Regarding global business, the "most favored nation" trading status means

A.rich member countries charge lower tariffs on imported goods.B.all member countries charge the same tariffs on imported goods.C.non-member countries charge average tariffs on imported goods.D.poor member countries charge higher tariffs on imported goods.

36.As a problems-solving tool, which of the following requires an outside-the-box thinking?

A.Means-ends analysisB.Analogy thinkingC.Lateral thinkingD.Sarcastic humor

37.TVS Transportation Company owns hundreds of trucks delivering to industrial and commercial locations. It wants to monitor the truck drivers' performance in terms of driving time and break time on the way to delivering products to customers. TVS can benefit from _______ networks.

A.mobile ad-hocB.wireless sensorC.cloud computingD.content delivery

38.Which of the following attacks trick computer users into requesting sensitive information by associating with them and operating on a trust level?

A.Social engineeringB.SpywareC.PhishingD.Spoofing

39.Which of the following represents thecorrectsequence of handling physical security threats?

A.Deny Detect Deter DelayB.Delay Deny Detect DeterC.Deter Deny Detect DelayD.Detect Delay Deny Deter

40.Which of the following is an extrinsic reward?

A.Self-actualizationB.Self-esteemC.A sense of accomplishmentD.Praise from a senior manager

41.Grapevine sessions are a part of a/an _______ team.

A.virtualB.dreamC.X-D.informal

42.During an employee's annual performance appraisal time, which of the following appraisal methods occur with supervisors, subordinates, peers, and internal customers?

A.One-to-one reviewB.360-degree reviewC.720-degree reviewD.Self-review

43.The price per unit is $120 for JMO Manufacturing Company, its variable cost per unit is $80, and its fixed costs are $4,000. What is the breakeven point in units using the contribution margin method?

A.80B.100C.40D.60

44.Which of the following bankruptcy Chapter Codes apply to personal bankruptcy cases?

A.Chapter 13 Code onlyB.Chapter 11 Code onlyC.Chapters 7, 11, and 13 CodesD.Chapter 7 Code only

45._______ show the amount of time needed to complete activities as well as the amount of activity that needs to be completed within a timeframe.

A.Fishbone diagramsB.Process diagramsC.Gantt chartsD.Organizational charts

46.Which of the following is a leading indicator of inflation?

A.Consumer price index (CPI)B.Gross national product (GNP)C.Producer price index (PPI)D.Gross domestic product (GDP)

47.A financial analyst at SPJ Manufacturing Corporation has assembled the following data for the last fiscal year. All data is in millions (M).

Gross sales $10M

Interest expenses $0.5M

Returns & allowances $1M

Taxes $0.1M

Cost of goods sold $3M

Cash dividends $0.4M

Operating expenses $2M

Common stock $1M

What is the net income or loss for the SPJ Manufacturing Corporation for the last fiscal year?

A.Net loss of $3MB.Net income of $4MC.Net loss of $4MD.Net income of $3M

48.A country's government is dealing with major, complex, and crosscutting issues such as climate change and pollution control that involves several agencies to work together and resolve the issues. Which of the following items is more useful than the other three items to resolve such issues?

A.TeamsB.Task forcesC.Focus groupsD.Committees

49.Which of the following refers to giving advance warning to an employee about possible disciplinary actions?

A.Hot stove rulesB.Progressive disciplinary actionsC.Disciplinary actions without punishmentD.Termination

50.Which of the following bases of power refers to a person having and sharing valuable information to others who need such information?

A.ReferentB.RewardC.ExpertD.Legitimate