preview

521 Final Exam

Satisfactory Essays

MGT/521 Final Examination Study Guide

This study guide will prepare you for the Final Examination you will complete in Week Six. It contains practice questions, which are related to each week’s objectives. In addition, refer to each week’s readings and your student guide as study references for the Final Examination.

Week One: Constructing and Supporting an Argument

Objective: Identify channels for business communications.

1. An informal communication network is typically called a a. chat network b. chain c. contextual system d. grapevine

2. Which channel of communication is lowest in richness? a. Video conferences b. E-mail c. Memos and letters d. Telephone conversations

3. Jessica needs to …show more content…

d. a raconteur.

13. Which of the following entails the greatest amount of risk? a. Working for the government b. Working for a large business c. Working for a small business d. Starting a business

Objective: Identify wants and needs of various stakeholders.

14. Which of the following is a major role of business managers today in meeting the wants and needs of the company’s stakeholders? a. Promoting quality of life b. Balancing the demands for higher salaries and stockholders’ profits c. Outsourcing d. Identifying potential customers

Objective: Conduct SWOT Analysis

15. In performing a SWOT Analysis, which of the following would be considered as a threat? a. Falling trade barriers in attractive foreign markets b. Ability to grow due to increased market demand c. Vulnerability to recession and business cycles d. Subpar profitability

Week Four: The Business Environment

Objective: Conduct benchmarking analyses.

16. Bull 's-eye, a regional discount retailer, carefully watches and compares its operation with the operations of its closest rivals. This firm does a. outsourcing b. functional positioning c. core competency ranking d. competitive benchmarking

Objective: Explain the basic tenets of managerial accounting and financial accounting.

17. Which of the following is a key step in the accounting cycle? a. Recording information into journals b. Collecting data from customers

Get Access