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NOCTI General Management Exam Review 2
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NOCTI General Management Exam Review 2
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25 Questions

1. importance of monetary policy

2. Ways a company can engage in global business

3. highest level of management, consisting of the president and other key company executives who develop strategic plans

4. leadership style that invovles managers setting objectives and employees being relatively free to do whatever it takes to accomplish those objectives

5. any amount owed to a creditor

6. late payments and non-payments, unforeseen costs, unexpected changes in demand, over-borrowing from the bank to finance expansion plans

7. business people dont often deliberately set out to help others; they mostly work for their own prosperity and growth

8. Exporting

9. consumer product safety

10. Dumping

11. the process of developing detailed, short term statements about what is to be done, who is to do it, and how it is to be done

12. Macroeconomics micro economics

13. PMI = Pluses, Minuses, Implications; listing all the pluses for a solution in one column, all the minuses in another, and the implications in a third column

14. the process of solving the everyday problems that occur. problem solving is less formal than decision making and usually calls for quicker action

15. relationship marketing

16. a summary of all the financial data in the account ledgers that ensures the figures are correct and balanced

17. anything of value owned by a business

18. Marketing Strategy

19. Ethical Behavior in global marks

20. Disadvantage of Socialism

21. money raised from within the firm, from operations or through the sale of ownership in the firm (e.g. reinvested earnings, sale of assets, issue of new shares)

22. job outsourcing

23. the loss in value of an intangible asset (e.g. the purchase of a licence or trademark)

24. strategic business unit

25. Advantages of Socialism

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