26) Many U.S. business leaders argue that the current state of U.S. net exports is the result of __________.
A. U.S. export subsidies.
B. free trade policies of foreign governments.
C. unfair foreign competition.
D. unproductive U.S. workers.
27) Which of the following statements about GDP is correct?
A. Nominal GDP values production at current prices, whereas real GDP values production at constant prices.
B. Nominal GDP values production at constant prices, whereas real GDP values production at current prices.
C. Nominal GDP consistently underestimates the value of production, whereas real GDP consistently overestimates the value of production.
D. Nominal GDP values production at market prices, whereas real GDP values production at the cost of the resources used in the production process
28) Which of the following has proven to be a particularly good predictor for jobs that require cognitive complexity?
A. intelligence tests
B. integrity evaluations
C. behavioral assessment
D. work sampling
E. aptitude tests
29) When a company establishes technology leadership by pioneering unique products or services that command premium prices, it has benefited from a:
A. High-cost strategy
B. High-price strategy
C. Differentiation strategy
D. Low-cost strategy
E. Diversification strategy
30) A leader is:
A. Someone with authority over others
B. The top level manager in a firm or business
C. Someone well-respected by others
D. A strategic level manager
E. Someone who influences others to attain goals
31) The best way for an employer to find out if a potential employee can do a job is by __________.
A. using the interview process
B. using a written test
C. using a performance simulation test
D. having them spend a day in the office
E. administering an IQ test
32) The basic components of an effective sexual harassment policy include the following EXCEPT:
A. To develop an organization wide policy on sexual harassment
B. To establish a means for ongoing training
C. To act immediately when employees complain of sexual harassment
D. To establish a formal complaint procedure
E. To establish a performance appraisal system
33) Japanese manufacturers' kaizen (continuous improvement) programs enable them to maintain:
A. A strategic alliance
B. A homogeneous workforce
C. Positive working relationships with all employees
D. Larger, faster facilities
E. A Learning advantage over their competition
34) To be competitive in a global economy, Europeans must increase their level of:
A. Population density
B. Financial subsidy
C. Philanthropic contributions
D. Espionage activity
35) The Aquatic Center, Inc. periodically reviews the goals of the company. During the process, The Aquatic Center managers analyze their current strategies as compared to their competitors, determine goals that they will pursue and decide upon specific actions for each area of the company to take in pursuit of these goals. The Aquatic Center managers have been engaged in the management function of:
D. Goal Coordination
36) One of the most important contributors to total quality management has been the introduction of statistical tools to analyze the causes of product defects in an approach called:
A. Six Sigma Quality
D. ISO 9000
E. Total quality integration
37) Teams that operate separately from the regular work structure and exist temporarily are known as:
A. Management teams
B. Transnational teams
C. Self-managed teams
D. Self-designing teams
E. Parallel teams
38) Which of these represent skills that managers need?
A. Interpersonal & communication, conceptual & decision making and professional
B. Interpersonal, quantitative, and professional
C. Conceptual & decision making, professional and technical
D. Professional, technical and interpersonal & communication
E. Technical, interpersonal & communication and conceptual & decision making
39) The pursuit of lucrative opportunities by enterprising individuals is called:
B. Social experimentation
D. Business incubating
40) Which of these refers to the practices aimed at discovering and harnessing an organization's intellectual resources?
E. Knowledge management
41) Having individuals actually do the job they are applying for as a test to see if they can do it is __________.
A. an approach with low reliability
B. a formal means of screening candidates
C. an approach with high reliability
D. an informal means of screening candidates
E. an approach with high face validity
42) Thirty patients are selected from a filing cabinet containing 812 patient folders by choosing every 27th patient folder. Which sampling method is this?
A. Cluster sample
B. Simple random sample
C. Systematic sample
D. Stratified sample
43) Use the following table to answer question:
P(S | W) is approximately _____.
44) Sampling error can be reduced by __________.
A. increasing the sample size
B. none of the these affect sampling error
C. utilizing simple random samples
D. decreasing the sample size
45) William used a sample of 68 U.S. cities to estimate the relationship between Crime (annual property crimes per 100,000 persons) and Income (median income per capita). His estimated regression equation was Crime = 428 + .050 Income.
Which outcomes would be likely in a bivariate regression on 45 randomly chosen U.S. cities in 2005 with
Y = number of robberies in each city (thousands of robberies) and
X = size of police force in each city (thousands of police)?
B. Positive slope (due to city size).
C. High R2 (due to city size).
D. No correlation.
46) In a random sample of 810 women employees, it is found that 81 would prefer working for a female boss. The width of the 95% confidence interval for the proportion of women who prefer a female boss is _____.
A. ± .0288
B. ± .0196
C. ± .0105
D. ± .0207
47) Twelve randomly-chosen students were asked how many times they had missed class during a certain semester, with this result: 2, 1, 5, 1, 1, 3, 4, 3, 1, 1, 5, 18.
For this sample, the standard deviation is approximately _____.
48) A computer analysis reveals that the best-fitting trend model is Yt = 4.12 e 0.987 t. The trend was fitted using year-end common stock prices for Melodic Kortholt Outlet for the last six years. The R2 is 0.8571.
Which conclusion is not correct?
A. The absolute annual growth (in dollars per share) is increasing.
B. At the end of year 3 the stock price would be nearly $80.
C. Few investments could match the astounding growth rate.
D. The stock's true intrinsic value is $4.12.
49) Suppose the estimated quadratic model Yt = 500 + 20 t - t2 is the best-fitting trend of sales of XYZ Inc. using data for the past twenty years (t = 1, 2,.., 20).
Which statement is incorrect?
A. Sales are increasing by about 20 units per year.
B. Latest year sales are no better than in year zero.
C. The turning point would be in period 10.
D. The trend was higher in year 10 than in year 20.
50) Which one of the following statements concerning production and staffing plans is best?
A. The impact of production and staffing plans cuts across several functional areas of the firm.
B. Production and staffing plans attempt to achieve several objectives, all of which must be consistent with one another.
C. When production and staffing plans are made, aggregation can be performed only along two dimensions: products and time.
D. Production and staffing plans specify production rates, workforce levels, and inventory holdings, but do not account for capacity limitations because they are aggregated.