Essential of Business Development: Test Questions

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BUS5602 - Essential of Business Development 2

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QUESTION: 1

[QUESTION BANK ID: 155792]

TYPE: MULTIPLE CHOICE

CORRECT

Teams at The Rock Insurance have cut down the considerable amount of time it takes for a new policy to be issued. The use of teams may have caused this improvement in A B C D E Cost reduction Quality Speed Change Innovation

QUESTION: 2

[QUESTION BANK ID: 155658]

TYPE: MULTIPLE CHOICE

INCORRECT

One study found that manufacturing labor costs about __________ an hour in China, compared to __________ dollars in the United States. A B C D E Less than $1; about 15 $2; about 15 Less than $1; about 25 $2; about 25 Less than $1; about 40

QUESTION: 3

[QUESTION BANK ID: 155579]

TYPE: MULTIPLE CHOICE

CORRECT

Senior executives responsible for the overall management and effectiveness of the organization are called

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A B C D E

Long-term managers Middle managers Strategic managers Tactical managers Short-run managers

QUESTION: 4

[QUESTION BANK ID: 155749]

TYPE: MULTIPLE CHOICE

CORRECT

Establishing formal systems for the management of people within the organization is the function of A B C D E Job analysis Labor relations Human resources management Orientation training Leadership

QUESTION: 5

[QUESTION BANK ID: 155641]

TYPE: MULTIPLE CHOICE

CORRECT

Methods for adapting the technical core to changes in the environment are called A B C D E Flexible processes Smoothing effects Buffering Benchmarking Environmental scanning

QUESTION: 6

[QUESTION BANK ID: 155729]

TYPE: MULTIPLE CHOICE

CORRECT

An organization in which lower-level managers make important decisions is a __________ organization. A B C D E Decentralized Horizontal Wide