afm 132 - practice exam + quiz questions & answers 2023/2024
Porter's 5 forces considers the political, economic, social, technological, and overarching factors that may impact the success of a business. - ANSWER-False
The manager of Extreme Sporting Goods is concerned that cash expenditure...
Porter's 5 forces considers the political, economic, social, technological, and overarching factors that may
impact the success of a business. - ANSWER-False
The manager of Extreme Sporting Goods is concerned that cash expenditures have been exceeding cash
receipts for the last six months, suggesting that Extreme is suffering from a(n) ____________ problem. -
ANSWER-cash flow
Johnny was asked to come up with new ideas to launch a product that complements his company's
existing mix of products. Johnny would be classified as a(n). - ANSWER-intrapreneur
In Canada, municipal governments are set up by the federal government to oversee issues that impact
cities, towns, and districts. - ANSWER-False
In a global business environment, a small business needs to worry about all of the following, EXCEPT: -
ANSWER-the lack of opportunities on the world stage
One problem of conducting a social audit is: - ANSWER-determining what to measure and how to
calculate the impact on society
In an interview, employers can ask about job ability, family status, and sexual orientation. - ANSWER-
False
A venture capitalist is a wealthy individual that likes to invest in early-stage businesses. - ANSWER-False
Sassy Signs and Labels allows each customer to pay their bill within 30 days and includes "3/15 net 30"
on their invoices. This gives customers a: - ANSWER-3% discount if they pay in 15 days
, Why is it useful for Balance Sheet users to see current assets and current liabilities clearly identified? -
ANSWER-to assess the company's ability to pay current liabilities
A small business can fail due to undercapitalization and poor cash flow management. - ANSWER-True
Triple bottom-line reporting is all about: - ANSWER-reporting on the environmental, social, and
economic impacts of business activity
All of the following are important considerations about international business, EXCEPT: - ANSWER-
employers value graduates with a local mindset
Auto gradedGrade:0/1.0
The following statements are true about participating in the global market, EXCEPT: - ANSWER-only large
companies can compete in foreign markets
Top managers make less use of _________ skills than first-line managers. - ANSWER-technical
Lean manufacturing supports the following, EXCEPT: - ANSWER-gradually reducing the amount of
products you make
A(n) __________ code of conduct sets guiding values and stresses shared accountability for employees
to do the right thing. - ANSWER-integrity-based
In small organizations, the employee experience may be managed through roles such as a Finance
Manager. - ANSWER-True
Australia is an extremely efficient producer of peaches, but its climate makes it difficult to produce
grapes for ice wine. According to the theory of comparative advantage, Australia should: - ANSWER-
concentrate its production on peaches and buy grapes from an efficient producer
An example of primary research data is: - ANSWER-observation
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