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Business Questions

Listed are business questions that are multiple choice:

1. Prices of products produced using a small batch production system are typically:
a. not affected by the type of production method chosen. ?
b. higher than products produced using a mass production method. ?
c. insufficient to cover increased operating costs. ?
d. lower than products produced using a mass production method. ?

e. constant over time

2. In general, more highly skilled employees who rely on personal knowledge and experience to solve the problems they encounter in their jobs are more like to respond favorably to:
a. a directive or supportive leadership style. ?
b. a participative or achievement-oriented leadership style. ?
c. a directive or achievement-oriented style. ?
d. a participative or supportive leadership style. ?

e. a coercive leadership style.

3. An investment that results in higher operating costs:
a. isn't a problem if revenues increase more. ?
b. should always be rejected. ?
c. will always result in lower profit. ?
d. isn't a problem if top management is told that lower profits are coming. ?

e. isn't a problem if quality is also reduced.

4. After being elected Miss Nebraska in 1982, Kelly went to college and earned a degree in business from an Ivy League school. Upon graduation, she opened her first day spa. Within ten years, she owned twenty four spas around the country and she has never opened an unsuccessful spa. She is constantly consulted by the media for her insights into beauty. Her employees respect her as the world's best boss and believe she can do no wrong. Kelly is an example of a______________

a. charismatic leader. ?
B. coercive leader. ?
C. contingent leader. ?
d. devil's advocate. ?

e. politician.

5. Employees who believe that they are in control of their situation and that good things happen to them because of their own efforts and resourcefulness are demonstrating:

a. an internal locus of control. ?
b. charisma. ?
c. cohesiveness. ?
d. an external locus of control. ?

e. a non-functional locus of control.

6. Employees who believe that how well they perform depends more on the nature of the situation and upon factors outside of their control are demonstrating:

a. an internal locus of control. ?
b. charisma. ?
c. cohesiveness. ?
d. an external locus of control. ?

e. a non-functional locus of control.

Solution Preview

1 c. insufficient to cover increased operating costs

- This is because there needs to be an equal amount of both to make everything run smooth

2. b. participative or ...

Solution Summary

This solution gave way in which certain questions were asked and examples given in which to help the student understand the problem.

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