What is the danger of excessive monopoly power?

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A. The organization will charge high prices
B. The organization will not attempt to cut costs
C. The organization will change strategy to seek to fully exploit its power
D. The organization will stifle innovation
✅ The correct answer is option C.
The organization will change strategy to seek to fully exploit its power is the danger of excessive monopoly power. A pure monopoly is a single supplier in a market with no competitors, whereas monopoly power exists when a single firm dominates a particular market.

Participants of financial system reduce demand for their funds if economic growth in

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A. domestic market is stagnant
B. domestic market is not stagnant
C. global market is stagnant
D. global market is not stagnant
✅ The correct answer is option A.
Participants of financial system reduce demand for their funds if economic growth in domestic market is stagnant. A financial system is the set of global, regional, or firm-specific institutions and practices used to facilitate the exchange of funds. Financial systems can be organized using market principles, central planning, or a hybrid of both.

An analysis and reporting of revenues earned, and incurred costs to earn these revenues from customers is classified as

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A. partial productivity analysis
B. treasury cost analysis
C. customer profitability analysis
D. customer cost analysis
✅ The correct answer is option C.
An analysis and reporting of revenues earned, and incurred costs to earn these revenues from customers is classified as customer profitability analysis. Customer Profitability Analysis is a tool from managerial accounting that shifts the focus from product line profitability to individual customer profitability.

____ system will monitor and control the industrial processing activities.

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A. Process control
B. Process decision
C. Process cleaning
D. Process updating
✅ The correct answer is option A.
Process control system will monitor and control the industrial processing activities. Process control systems (PCS), sometimes called industrial control systems (ICS), function as pieces of equipment along the production line during manufacturing that test the process in a variety of ways, and return data for monitoring and troubleshooting.

_____________ involves the development of projections about the direction, scope, speed and intensity of environmental change

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A. Environmental scanning
B. Environmental monitoring
C. Competitive intelligence
D. Environmental forecasting
✅ The correct answer is option D.
Environmental forecasting involves the development of projections about the direction, scope, speed and intensity of environmental change. Environmental forecasting is the process of predicting and calculating the potential intensity, duration, timeframe, and nature of various external forces that can affect the business activities of a company, interrupt its plans, and force it to introduce changes to its objectives and strategies.

Communication is a _________.

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A. one-way process
B. two-way process
C. three-way process
D. four-way process
✅ The correct answer is option B.
Communication is a two-way process. Two-way communication is when one person is the sender and they transmit a message to another person, who is the receiver. When the receiver gets the message, they send back a response, acknowledging the message was received. The model looks like this: Two-way communication is essential in the business world.

When a company is experiencing an economic recession this is a good time to do what?

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A. Reduce costs and assets
B. Refocus
C. Simplify
D. Invest
✅ The correct answer is option B.
When a company is experiencing an economic recession this is a good time to refocus. The ReFocus Group assists organizations to develop and implement dynamic strategic plans that are valuable to the organization, helping to define its culture, focus its long-term vision, and identify short-term actions steps that motivate proaction.

The delegation of authority on the basis of custom, conventions or usage is known as

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A. oral delegation
B. written delegation
C. downward delegation
D. sideward delegation
✅ The correct answer is option A.
The delegation of authority on the basis of custom, conventions or usage is known as oral delegation. Delegation made by written orders and instructions is known as written delegation. Unwritten or oral delegation is based in custom and conventions.

In this technique, personnel specialists and operating managers prepare lists of statements of very effective and very ineffective behavior for an employee.

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A. Critical incident technique
B. Forced choice
C. Essay evaluation
D. Management by Objective
✅ The correct answer is option A.
In Critical incident technique, personnel specialists and operating managers prepare lists of statements of very effective and very ineffective behavior for an employee. Critical incident method or critical incident technique is a performance appraisal tool in which analyses the behavior of employee in certain events in which either he performed very well and the ones in which he could have done better.