Ball State ISOM 125 final Exam; Questions and
Answers 100% Correct
Advertising, personal selling, coupons, and sweepstakes are forms of_____. Correct
answer-promotion
When a group of investors borrows money to buy a company or division, using the company's
assets to guarantee the loan, it i...
Ball State ISOM 125 final Exam ; Questions a nd Answers 100% C orrect Advertising, personal selling, coupons, and sweepstakes are forms of_____. Correct answer -promotion When a group of investors borrows money to buy a company or division, using the company's assets to guarantee the loan, it is called a(n) Correct answer -leveraged buyout If a business is to be successful in the long run, it must produce quality products, operate efficiently, and be Correct answer -socially responsible The legal documents that identify the basic agreements between partners are called Correct answer -articles of partnership. The functions of organizing, staffing, planning, and controlling are most closely associated with Correct answer -managers. Corporations distribute profits to their owners in the form of Correct answer -dividends. Joint ventures are popular in situations that call for Correct answer -large investments. Which stockholders usually have the right to vote and control the board of directors? Correct answer -Common Ball State ISOM 125 final Exam ; Questions a nd Answers 100% C orrect All of the following are advantages of a corporation except Correct answer -lower frequency of taxation. An important advantage of a corporation is its Correct answer -limited liability. In a socialist system, citizens are dependent on _________ for many goods and services. Correct answer -the government The effective translation of product names can be crucial to the success of a foreign marketing effort because of Correct answer -cultural barriers The group of individuals elected by the stockholders to oversee the general operation of a corporation are known as the Correct answer -board of directors Because it virtually controls the world's deposits of gem -quality diamonds, DeBeers Consolidated Mines, Ltd. has a(n) Correct answer -absolute advantage Financial resources are also known as _______________. Correct answer -capital Thomas thinks that organizing as a partnership would be best because Correct answer -it would allow them to rely on their own financial resources and talents. Ball State ISOM 125 final Exam ; Questions a nd Answers 100% C orrect Agricultural commodities are usually sold under which competitive environment? Correct answer -Pure competition When a firm is facing a hostile takeover attempt, it may issue a poison pill, which is Correct answer -when the firm allows stockholders to buy up shares of stock at lower than market value. Because many countries do not permit foreign companies to purchase and operate facilities in their countries, a company wishing to do business in such a country may share the business costs with a firm from the host country by forming a Correct answer -joint venture. Which of the following is an advantage of a partnership? Correct answer -Ease of formation A change in administration in a foreign government that is hostile to foreign trade is an example of a(n) Correct answer -political barrier. When two computer companies joined together in hopes of obtaining a competitive advantage on a worldwide basis, this exemplifies a Correct answer -strategic alliance. The U.S. has a trade deficit because Correct answer -the U.S. imports more products than it exports.
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