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Practice Quiz
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1
As presented in "The Manager's Job: Folklore and Fact," the traditional view of managers is that they are:
A)planners.
B)coordinators.
C)controllers.
D)entrepreneurs.
2
All of the following are myths about the manager's job, according to "The Manager's Job: Folklore and Fact," except:
A)the effective manager has no regular duties to perform.
B)the manager is a reflective, systematic planner.
C)the senior manager needs aggregated information, best provided by a formal management information system (MIS).
D)management is a science and a profession.
3
According to "The Manager's Job: Folklore and Fact," managers' effectiveness is significantly influenced by their insight into their own work.
A)True
B)False
4
As explained in "Success in Management," the factors that contributed to the 1999-2000 crisis at Xerox included all of the following except:
A)too much change too fast.
B)enormously disruptive leadership shift.
C)stiffening competition.
D)weakened economies at home and abroad.
5
As noted in "Success in Management," the crucial element in the rapid recovery at Xerox was:
A)finding new people for key positions.
B)making repair decisions quickly.
C)restricting information in upper echelons.
D)aligning people around common objectives.
6
As pointed out in "Success in Management," as part of its recent cost-cutting measures, Xerox slashed its research and development budget.
A)True
B)False
7
As analyzed in "The New Organisation," the nature of corporate life defined by Fortune magazine editor William Whyte 50 years ago has undergone a transformation that now could be described as:
A)the emergence of the geographical silo.
B)a return to pre-industrial thinking.
C)organization man's metamorphosis into networked person.
D)a shift from autonomy to structure.
8
As reported in "The New Organisation," when Nigel Nicholson of the London Business School described a certain organizational form as being "the most difficult and least successful," he was referring to the:
A)classic structure.
B)matrix structure.
C)traditional hierarchy.
D)system of lifetime allegiance.
9
According to "The New Organisation," IBM was once identified as the ultimate workplace for the devout organization man.
A)True
B)False
10
The author of "It's a Flat World, After All" came to the conclusion that globalization was a reality while he was:
A)surfing the Internet late one night.
B)helping his daughters with their homework.
C)visiting Bangalore, India.
D)attempting to buy goods made in America.
11
As claimed in "It's a Flat World, After All," when the world is flat, you can innovate without having to:
A)emigrate.
B)translate.
C)graduate.
D)obfuscate.
12
As asserted in "It's a Flat World, After All," if Wal-Mart were a country, it would be China's eighth-largest trading partner.
A)True
B)False
13
Technology has, as concluded in "Globalization and the American Labor Force," enabled:
A)workers in wealthy countries to retain their lead in productivity, despite being more expensive than workers from the developing world.
B)unskilled workers in the Third World to be as productive as a more expensive employee in a developed country.
C)business owners to avoid using unskilled labor either in the United States or abroad.
D)the United States to recover most of the textile jobs lost to the developing world a decade ago.
14
As discussed in "Globalization and the American Labor Force," the British approach to technological change and globalization shows that:
A)adopting inflexible employment policies is the most effective way to boost economic growth.
B)state monopolies are significantly more efficient than private firms.
C)low unemployment rates require accepting low growth rates as well.
D)the goals of economic growth and low unemployment can both be met.
15
As noted in "Globalization and the American Labor Force," American jobs that were lost during the last recession are now returning, but are reappearing only in the Southwest United States.
A)True
B)False
16
As set out in "Choose the Right Tools for Internal Control Reporting," the extent to which a company has progressed in building a strong control environment will:
A)dictate what tools it needs to buy and when.
B)affect the bottom-line costs of software.
C)reassure its employees during contract negotiations.
D)provide more visibility of the corporate mission.
17
As mentioned in "Choose the Right Tools for Internal Control Reporting," new software products can improve:
A)contract negotiations and severance pay.
B)retirement options.
C)business expansion.
D)corporate governance and external communications about financial performance.
18
As put forth in "Choose the Right Tools for Internal Control Reporting," companies should determine into which of the four categories of tools their current internal controls fit and then identify company resources that are available for an upgrade.
A)True
B)False
19
According to "Let's Be Friends," researchers are concluding that making friends with your business competitors is all of the following except:
A)possible even in the most competitive of industries.
B)advisable.
C)consistent with the goal of maximizing profits.
D)likely to reduce risk and profits.
20
As set forth in "Let's Be Friends," friendly rival CEOs are well-advised to:
A)break down all the former barriers of corporate secrecy.
B)join forces against other business rivals.
C)keep in mind where friendship ends and business begins.
D)maintain their relationship strictly behind closed doors.
21
As noted in "Let's Be Friends," when the owner of a new quilting shop in North Haven, Connecticut, was paid a visit by a rival quilting-shop owner in nearby Cheshire, her initial assumption was that the Cheshire woman intended to spy on her.
A)True
B)False
22
As defined in "Embracing Confusion: What Leaders Do When They Don't Know What to Do," RIA is the authors' name for a five-step process through which:
A)employees can take matters into their own hands when their managers do not know what to do.
B)companies can determine which managers are effective leaders.
C)managers can remain in charge while admitting their confusion and seeking appropriate guidance.
D)managers can avoid confusing situations.
23
As set forth in "Embracing Confusion: What Leaders Do When They Don't Know What to Do," managers who deny or hide their confusion typically fall into a pattern of behavior that the authors call the:
A)Loser Syndrome.
B)Lost Leader Syndrome.
C)Lack of Learning Syndrome.
D)Panic Syndrome.
24
As noted in "Embracing Confusion: What Leaders Do When They Don't Know What to Do," confusion is a shameful weakness that leaders should confess to and overcome.
A)True
B)False
25
As suggested in "Why Environmental Scanning Works Except When You Need It," the use of analytical systems and dedicated strategic planners is:
A)the only approach that can ensure a successful environmental scanning system.
B)the root cause of environmental-scanning-system failure.
C)only a small part of what makes an environmental scanning system work.
D)the most overlooked approach by business strategists.
26
As expressed in "Why Environmental Scanning Works Except When You Need It," the strategic inflection point executed by acting and thinking differently from one's opponent in order to exploit the opponent's weaknesses and attain the initiative is known as:
A)a symmetric attack.
B)an asymmetric attack.
C)environmental scanning.
D)the Powerball lottery's evil twin.
27
As maintained in "Why Environmental Scanning Works Except When You Need It," environmental scanning systems warn about things that are especially threatening.
A)True
B)False
28
As profiled in "Six Priorities That Make a Great Strategic Decision," the major reason behind the fall of the Iridium corporation was its failure to:
A)concentrate on one specific priority.
B)focus on becoming a technological leader.
C)think in broad terms about its plan.
D)move quickly ahead of its competitors.
29
As noted in "Six Priorities That Make a Great Strategic Decision," one of the problems for decision makers in dealing with information is that:
A)there is not enough information available.
B)too much information muddies the analytic process.
C)much of the information that is gathered by decision makers is incorrect.
D)decision makers have difficulty using information wisely.
30
As claimed in "Six Priorities That Make a Great Strategic Decision," the most important factor in being able to persuade an organization is charisma.
A)True
B)False
31
As presented in "Classifying the Elements of Work," before motion studies and time studies can be done work must be:
A)classified into elements.
B)considered as a whole.
C)categorized into as few areas as possible.
D)defined in terms of occupation.
32
Therblig, according to "Classifying the Elements of Work," are:
A)processes.
B)subdivisions.
C)operations.
D)cycles.
33
The evils of deadening monotony, as claimed in "Classifying the Elements of Work," exist only where there is sufficient knowledge of the therblig and the variables affecting them.
A)True
B)False
34
At the root of faux change, according to "The Dark Side of Change," is:
A)a feeling of insecurity by the incoming manager.
B)a superficial needs assessment made by the incoming manager.
C)the pressure to increase quarter-to-quarter profits.
D)fear of takeover by a larger competitor.
35
As stressed in "The Dark Side of Change," change should:
A)result in a smaller workforce.
B)be a product of enthusiasm.
C)increase profits immediately.
D)produce genuine and sustainable improvement.
36
As demonstrated in "The Dark Side of Change," faux change is on the decline.
A)True
B)False
37
According to "The Change-Capable Organization," a modern organization must think beyond managing changes as they occur to the more expansive concept of:
A)designing specific change programs.
B)expanding top management.
C)transforming the organization.
D)maintaining "business as usual."
38
As presented in "The Change-Capable Organization," the Swatch company's creation of a pager watch is an example of:
A)introducing new learning concepts.
B)linking the present and the future.
C)a maverick design.
D)an innovative idea that failed.
39
As claimed in "The Change-Capable Organization," an extensive, one-time change program is usually sufficient to implement ongoing change in an organization.
A)True
B)False
40
As concluded in "Build Your Own Change Model," the universal corporate template:
A)does not exist.
B)is waiting to be discovered.
C)is the guarded secret of a handful of CEOs.
D)is now obsolete.
41
As noted in "Build Your Own Change Model," rapid-cycle projects can be used to test and advance important strategic thrusts, including all of the following except:
A)new product launches.
B)new market ventures.
C)acquisition integrations.
D)initial public offerings.
42
As maintained in "Build Your Own Change Model," the best strategies for change are shaped from the bottom of the corporate ladder up, as well as from the top down.
A)True
B)False
43
As maintained in "The True Measure of a CEO," the American corporate culture too often operates in opposition to Aristotle's prescription for leadership, which, if followed by today's CEOs, would:
A)bring an end to labor unions.
B)be catastrophic for small business owners.
C)eliminate the need for middle management.
D)create the conditions under which workers could realize their full potential.
44
As reported in "The True Measure of a CEO," the CFO's response when his company learned that the minimum wage in China might increase to $71 per month was his suggestion that:
A)the company reduce its dependence on Chinese labor.
B)the company voluntarily raise their Chinese workers' wages to at least $100 per month.
C)the workers be charged more for their room and board.
D)each of the company's top people accept less than a $1 million raise in salary to offset the increased cost of labor.
45
As claimed in "The True Measure of a CEO," even moderately well-paid CEOs of large corporations make about as much in a day as their workers make in a year.
A)True
B)False
46
According to "The Myth of Charismatic Leaders," the very origin of the word "charisma" suggests that charismatic leaders:
A)are self-centered and egotistical.
B)have more personality than substance.
C)are heroes.
D)have gifts to bestow.
47
As claimed in "The Myth of Charismatic Leaders," a major problem with defining certain characteristics of a charismatic personality is that such an approach:
A)encompasses many people who are not good leaders.
B)excludes a number of people who could be good leaders.
C)provides a model that is impossible to live up to.
D)feeds the egos of those who have been identified as leaders.
48
As noted in "The Myth of Charismatic Leaders," one hallmark of a narcissistic leader is that he or she will not tolerate dissenting ideas.
A)True
B)False
49
As noted in "Can One Man Save GM?" since taking over control of GM's North American operations in April 2005, Rick Wagoner's principal responsibility has been to:
A)help GM overcome a falsely founded negative image.
B)save GM from financial meltdown.
C)oust the UAW from the GM production lines.
D)negotiate a merger with Chrysler.
50
As related in "Can One Man Save GM?" GM CEO Rick Wagoner considers GM to be:
A)an American institution whose former greatness will not be seen again.
B)on the brink of bankruptcy.
C)the victim of bad press.
D)the biggest game in town.
51
As reported in "Can One Man Save GM?" despite certain production disappointments, every GM vehicle sold during the first six months of 2005 made an average profit of $1,227.
A)True
B)False
52
As reported in "Disaster's Future," there is wide agreement that future common threads of development in information technology will include all of the following except that it will be:
A)ubiquitous.
B)less reliable.
C)available to more people.
D)capable of semi-independent action.
53
According to "Disaster's Future," research on worldwide Internet usage shows that:
A)Internet use in Asia is expected to increase.
B)the majority of people in the world have logged on to the Internet at least once.
C)the majority of the online population is in the United States.
D)online commerce is projected to remain stagnant.
54
As suggested in "Disaster's Future," even when functions are distributed in a company, blame tends to be concentrated.
A)True
B)False
55
According to "An Uneasy Look at Performance Appraisal," the traditional method of evaluating employees is flawed mainly because:
A)corporate expectations are often not communicated to the workers in a meaningful way.
B)unless handled perfectly it comes close to violating the integrity of the personality.
C)it brings undue stress to both managers and employees.
D)employees often feel they are being criticized unfairly.
56
As shown in "An Uneasy Look at Performance Appraisal," Peter Drucker's concept of "management by objectives" offers a superior solution to the evaluation process because:
A)it calls on managers to establish short-term objectives for their workers.
B)employees as a group are allowed a vote on realistic goals.
C)it calls on the subordinates to establish short-term performance goals for themselves.
D)employees have a say in electing their own leadership.
57
As stated in "An Uneasy Look at Performance Appraisal" the shift from individual to group appraisals often solves many of the problems faced by managers during the review process.
A)True
B)False
58
As noted in "Zero In on the Numbers," many financial experts recommend that you begin paying close attention to budget items:
A)on the first day of the year.
B)as soon as the first monthly report lands on your desk.
C)in the third month of the fiscal year.
D)at least two weeks before a budget review.
59
As pointed out in "Zero In on the Numbers," budgeting is:
A)an exact science.
B)a flexible process.
C)a process designed to predict precise financial outcomes.
D)less crucial in small companies than in large corporations.
60
As stated in "Zero In on the Numbers," any time a line item comes in under budget, it is safe to say that things are going well.
A)True
B)False
61
As pointed out in "Corporate Security Management: What's Common? What Works?" when it comes to choosing security strategies, companies:
A)must follow the same sorts of regulations that dictate health and safety practices.
B)are free from regulatory oversight and can choose whatever they want.
C)tend to implement more security measures than they need.
D)like to imitate what every other company is doing.
62
As shown in the survey data given in "Corporate Security Management: What's Common? What Works?" fewer employee thefts were reported by companies that:
A)post armed guards at employee entrances.
B)have new employees formally addressed by the security department.
C)make employees pass through a metal detector upon entering and leaving the facility.
D)have a strict dress code.
63
As supported by the survey results shown in "Corporate Security Management: What's Common? What Works?" managers spend money more freely in areas where they see progress toward a goal.
A)True
B)False
64
As described in "Quality Is Easy," the concept of zero defects means that
A)the only acceptable standard is perfection.
B)defects are never acceptable.
C)mistakes and errors can usually be overlooked.
D)the concept of a performance standard is obsolete.
65
As noted in "Quality Is Easy," Phil Crosby, the creator of the ZD concept, defines "defects" as characteristics that:
A)do not meet the specification.
B)the consumer considers unfavorable.
C)are so substandard that any worker could identify them.
D)may or may not be acceptable, depending on the worker's interpretation.
66
As reported in "Quality Is Easy," every major U.S. company conducted a zero defects program throughout the 1960s.
A)True
B)False
67
As stated in "Mail Preparation Total Quality Management," the key to the success of the U.S. Postal Service (USPS) in its first attempt at automation two decades ago was the:
A)introduction of bar codes for ease of mailing.
B)development of innovative training for its workers.
C)cooperation and support of business mailers.
D)increase in prices for bulk mailers.
68
As presented in "Mail Preparation Total Quality Management," John Wargo of the USPS says that the primary goal of the new Mail Preparation Total Quality Management (MPTQM) program is:
A)money savings.
B)customer satisfaction.
C)ease of mailing.
D)a reduction of postal employees.
69
As claimed in "Mail Preparation Total Quality Management," the MPTQM program is open to participation from all business mailers.
A)True
B)False
70
Top managers in most organizations, as explained in "Management Women and the New Facts of Life," are reluctant to admit that women cost more to support than men in management positions because they:
A)hope to encourage women in their efforts to achieve top positions.
B)do not want their efforts to encourage only men to be revealed.
C)fear charges of sexism by discussing the issue.
D)can often point to a number of women in the organization that have not been more costly than their male counterparts.
71
The costs of training and supporting women managers, as presented in "Management Women and the New Facts of Life," are higher than those for men for all of the following reasons except:
A)men most often arrive in the workplace with advanced degrees.
B)women are likely to return late or not at all to their jobs after maternity leave.
C)the turnover rate for women is much higher than it is for men.
D)women are more likely to interrupt their careers or reach a plateau.
72
As stated in "Management Women and the New Facts of Life," the cost of employing women in management is higher than it is for men.
A)True
B)False
73
As stated in "The Health-Care Tussle," a 2004 survey conducted by the College and University Professional Association for Human Resources showed that in the preceding two years:
A)nearly 25 percent of all private colleges canceled their health-insurance plans.
B)colleges' healthcare premiums increased at an average rate of 11.9 percent.
C)college employees became very complacent about their healthcare benefits.
D)co-payments and deductibles remained stable or were reduced for most college employees.
74
As disclosed in "The Health-Care Tussle," a consultant hired by Oberlin College discovered that, when insured employees chose generic instead of brand-name prescription drugs, the financial benefit was going to:
A)employees who were on the family plan.
B)the college's administrative fund.
C)Cigna, the college's insurance company.
D)the pharmacist.
75
As recounted in "The Health-Care Tussle," those who have experienced the healthcare battles at certain colleges point out that strong lines of communication between administrators and staff are crucial.
A)True
B)False
76
Many organizations do not adequately check the credentials of individuals hired for top-level positions, as maintained in "Who Are You Really Hiring?" because they:
A)feel it would be improper or they already believe they know the individual.
B)believe that a thorough investigation would open them to a lawsuit if they refused to hire the individual based on information discovered.
C)are concerned about the cost of a complete background check.
D)do not know what to even look for in conducting such a check.
77
One way HR professionals can convince managers and others at all levels of an organization that conducting background checks for all new hires is essential, as suggested in "Who Are You Really Hiring?" is by stressing the:
A)need for ethical conduct by all employees.
B)fairness of subjecting all new hires to the same scrutiny.
C)potential financial consequences of not conducting checks.
D)liability a company can expose itself to by selectively investigating employees.
78
Lower-level employees, as noted in "Who Are You Really Hiring?" are often subject to far more extensive scrutiny than top-level hires.
A)True
B)False
79
As outlined in "The Next Bubble?" CEOs should heed:
A)the public outcry against outsourcing.
B)the growing lack of qualified workers in countries with outsourcing operations.
C)signs of pending consolidation among outsourcing competitors.
D)attempts by outsourcing operations to take over client companies.
80
As set out in "The Next Bubble?" after India, the country often considered for outsourcing operations is:
A)Japan.
B)China.
C)Mexico.
D)Poland.
81
According to "The Next Bubble?" venture capital to support outsourcing operations has dried up.
A)True
B)False
82
As suggested in "Turning Boomers Into Boomerangs," the management of most firms:
A)is well aware of the retirement plans of its workforce.
B)could avert labor shortages by adopting flexibility in the workplace, which appeals to all ages.
C)has a clear strategy in place for preventing a lack of experienced employees.
D)is in favor of mandatory retirement at age 55.
83
According to "Turning Boomers Into Boomerangs," in developed countries there is currently a steep decline in the number of:
A)healthcare jobs.
B)women in the workforce.
C)recruitment agencies.
D)engineering graduates.
84
As noted in "Turning Boomers Into Boomerangs," many companies in Europe and the United States have boards in need of qualified directors, even though these companies have growing numbers of capable retirees.
A)True
B)False
85
As stated in "Do Americans Work Too Hard?" among industrialized countries, in terms of hours worked, American workers rank:
A)first.
B)third.
C)seventh.
D)tenth.
86
According to "The Discipline of Innovation," the one thing that the most successful entrepreneurs have in common is a:
A)certain personality type.
B)willingness to spend money on new designs.
C)commitment to innovation.
D)desire to be successful in many areas.
87
As claimed in "The Discipline of Innovation," the simplest source of innovation opportunity is:
A)technology.
B)the unexpected.
C)functional inspiration.
D)entrepreneurs.
88
As pointed out in "The Discipline of Innovation," an incongruity between expectations and results usually ends up in the failure of an innovative idea.
A)True
B)False
89
As explained in "Thinking Locally, Succeeding Globally," a key element of LG Electronics global growth has been:
A)introducing the kimchi fridge to India.
B)using loans from small banks to fuel expansion.
C)in-depth localization.
D)keeping manufacturing in South Korea.
90
According to "The Great Wal-Mart of China," Wal-Mart executives view China as the best venue for global growth because of China's:
A)cheap labor and low taxes.
B)vast population and booming economy.
C)excellent civil-rights record.
D)refusal to be controlled by the World Trade Organization.
91
As noted in "The Great Wal-Mart of China," the headquarters for Wal-Mart's Chinese retail operation is located in:
A)an imposing high-rise office building in Beijing.
B)Bentonville, Arkansas.
C)a state-of-the-art complex in Hong Kong.
D)a dingy facility behind the Wal-Mart super-center in Shenzhen.
92
As explained in "The Great Wal-Mart of China," in the 1990s, Chinese consumers responded favorably to the Sam's Club format, which emphasizes membership fees and high-volume purchases.
A)True
B)False
93
According to "American Corporations: The New Sovereigns," American capitalist culture has adopted the view that the purpose of the corporation is to:
A)be a responsible world citizen.
B)serve humanity.
C)maximize stock price.
D)provide for its employees.
94
As noted in "American Corporations: The New Sovereigns," corporate conduct can only be constrained by:
A)economic boycott by suppliers.
B)expressed protest by consumers.
C)the profit motive.
D)government.
95
As pointed out in "American Corporations: The New Sovereigns," non-governmental organizations condition the supply of American capital to overseas markets on those markets' adoption of American style capitalism.
A)True
B)False
96
As maintained in "The Real Reason You're Working So Hard...and What You Can Do About It," employees whose long-hour marathons keep them on a frenzied work treadmill are mostly:
A)the lowest-wage workers.
B)the best-educated and best-paid workers.
C)workers who are nearing retirement.
D)those who work from home.
97
As reported in "The Real Reason You're Working So Hard...and What You Can Do About It," over the past 25 years, the Information Revolution has:
A)boosted productivity by nearly 70 percent.
B)lightened the workload for managers.
C)been more of a subtle "evolution" than a perceptible "revolution."
D)created shorter work days for workers on all levels.
98
According to survey results presented in "The Real Reason You're Working So Hard...and What You Can Do About It," nearly 40 percent of 7,800 managers from around the world claim they spend at least half a day per week on unimportant communications.
A)True
B)False
99
The new generation of clubs, as maintained in "For New "Old Boys" Only," bring together people whose shared interest is:
A)politics.
B)social change.
C)religion.
D)business.
100
As described in "For New "Old Boys" Only," most business clubs differ from traditional clubs in that business clubs are:
A)nonprofit.
B)commercial entities in themselves.
C)geographically organized.
D)defined by race and gender.
101
The Global Business Network credits itself, as noted in "For New "Old Boys" Only," with being one of the first groups to see the power of networking.
A)True
B)False
102
As stated in "The Tone at the Top and Ethical Conduct Connection," the authors' study suggests that corporations whose top managers value ethics are:
A)extremely rare in the United States.
B)as vulnerable to fraud as any other company.
C)less likely to pressure employees to alter financial results.
D)often out of touch with departmental finances.
103
As indicated in "The Tone at the Top and Ethical Conduct Connection," ethically concerned management is more likely to exist in corporations with:
A)a scandalous past.
B)fewer than 500 employees.
C)female executives.
D)written codes of conduct.
104
The authors of "The Tone at the Top and Ethical Conduct Connection" claim that most of their questionnaire's 215 respondents had less than three years of applicable accounting experience.
A)True
B)False
105
The centerpiece of current corporate-reform efforts, as put forth in "The Road to Stronger Corporate Governance," would make:
A)executive salaries much lower.
B)shareholders more responsible for the actions of the companies in which they hold stock.
C)board members more independent and informed.
D)financial statements more readily comprehensible by average investors.
106
The primary responsibility of corporate directors, as maintained in "The Road to Stronger Corporate Governance," is to:
A)the larger community stakeholders.
B)company shareholders.
C)company executives.
D)Wall Street in general.
107
A Board of Directors, as described in "The Road to Stronger Corporate Governance," should contain at least 75 percent independent directors in order to fulfill the requirements of their position, including the examination of executive pay and performance of the management team.
A)True
B)False
108
As brought out in "Up to the Challenge," entrepreneurs who seek the help and advice of others:
A)are extremely rare.
B)tend to lack their own visions for success.
C)can readily find seasoned businesspeople who are eager to share their expertise.
D)frequently encounter other entrepreneurs who are unwilling to be supportive.
109
As mentioned in "Up to the Challenge," the CEO of SBTV.com believes that hiring an experienced senior executive is:
A)economically ill-advised for a small, growing company.
B)a worthy goal, but these executives are hard to find.
C)certainly feasible because large companies have downsized, and these executives are looking for work.
D)not as favorable as hiring young, moldable candidates.
110
As reported in "Up to the Challenge," the founder of Hosted Solutions regarded some of the experts' advice as favorable, but firmly rejected the idea of a focus group.
A)True
B)False
111
As pointed out in "Determining the Strategies and Tactics of Ownership Succession," one fact that all business owners must face is that:
A)larger companies will eventually acquire their business.
B)they will not live forever.
C)they will lose interest in their business.
D)merging with competitors is the only way to grow.
112
As claimed in "Determining the Strategies and Tactics of Ownership Succession," the most obvious choice for ownership transition is:
A)closing the doors and selling off the assets.
B)taking the business public.
C)outright sale.
D)transition to children.
113
As explained in "Determining the Strategies and Tactics of Ownership Succession," by selling their stock to an ESOP, business owners are able to defer capital gains taxes.
A)True
B)False
114
As maintained in "In Fourth Year of `War on Terror': Successes, Failures, Blowback from Iraq," the counter-terror campaign that has ensued since 2001 has been:
A)unable to break the back of terrorism, despite various successful operations.
B)remarkably effective, especially in eliminating covert terrorist cells.
C)credited with the diminishing number of bombings throughout the Islamic world.
D)blamed for the ongoing terrorist attacks in the United States.
115
As cited in "In Fourth Year of `War on Terror': Successes, Failures, Blowback from Iraq," President George W. Bush has said that "the central front in the war on terror" is:
A)the American homeland.
B)Iraq.
C)Afghanistan.
D)within the entire Muslim community.
116
According to "In Fourth Year of `War on Terror': Successes, Failures, Blowback from Iraq," the bombers who in 2005 murdered guests at a wedding party in Jordan had no alleged connection to al-Qaida in Iraq.
A)True
B)False





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