Which of the following is NOT one of the "Seven C's" of effective communication described in the course content? Coherence Courtesy Conciseness Charm Question 12 4 pts According to Expectancy Theory, which of the following will cause a breakdown in employee motivation? Harsh working conditions A disconnect between effort and outcome All of these None of these Determination of the Value Proposition necessarily begins with which of the following? Identification of the target market Proof A solution Determination of the process Question 14 4 pts Mexico can hypothetically produce 5 shirts per hour while the United States can produce 10. Likewise. Mexico can produce 8 water bottles per hour while the US can also produce 8 . Who has the comparative advantage in water bottles? (Think opportunity cost: Who could produce even more shirts if they weren't producing water bottles?) Both have the comparative advantage United States Neither. They are the same. Mexico Budgets play an important part in Management by forcing decision makers to formalize their decisions. But another important role of the budget is which of the following? Budgets provide continuous feedback on revenue. costs, and expenses Budgets provide funding for initiatives Budgets communicate to employees where their time should go Budgets help investors evaluate a company's financials Question 16 4 pts The primary determinant of comparative advantage and consequently trade flows is which of the following? Exchange Rates Relative Opportunity Cost Absolute Advantage Terms of Trade Which of the following is one of the advantages of smart contracts according to proponents? Transparency Automatic Fulfillment All of these Immutability Question 18 4 pts The introduction of information technology has allowed companies to improve their process controls. A major benefit of this is which of the following? improvements in supplier coordination The reduction of unneeded (and costly) inventory Improvements in product quality All of these The common name for the belief that the purpose of an organization is broad and includes the well-being of owners, customers, workers, and society at large is referred to as: (think community) Shareholder Capitalisim Stakeholder Capitalism Social Entrepreneurship Neo-liberalism Question 20 4 pts Which of the following authorities is responsible for the approval of new crypto currencies in the United States? Comptroller of the Currency None. Crypto currencies currently exist outside regulatory control. Federal Reserve Bank Federal Trade Commission In the end, to be successful, a company must at least accomplish which of the following? Identify and solve customer problems Motivate employees to excellence Have a well-articulated business model Continuously seek efficiency Question 22 4 pts Which of the following is NOT one of the four primary management functions? Motivating Controiling Selling Planning Which of the following business forms does NOT protect you from personal liability? Proprietorship LLC They al do Corporation Question 24 4 pts Which of the following business forms is subject to "double taxation?" They all do LLC. Corporation Proprietorship They all do LLC Corporation Proprietorship Question 25 4 pts Which of the following is NOT one of the four Ps of Marketing? Promotion Product Pricing Purchasing
