MBA IQ

MBA IQ http://mbaiq.wordpress.com Master the MBA Lexicon Mon, 28 Nov 2011 16:14:21 +0000 en hourly 1 http://wordpress.com/ http://0.gravatar.com/blavatar/c740857b07574402ebef97fe16295c4e?s=96&d=http%3A%2F%2Fs2.wp.com%2Fi%2Fbuttonw-com.png MBA IQ http://mbaiq.wordpress.com MBA IQ Daily Quiz: November 28, 2011 http://mbaiq.wordpress.com/2011/11/28/mba-iq-daily-quiz-november-28-2011/ http://mbaiq.wordpress.com/2011/11/28/mba-iq-daily-quiz-november-28-2011/#comments Mon, 28 Nov 2011 16:14:21 +0000 MBA IQ http://mbaiq.wordpress.com/?p=238 ]]> Which of the following statements about pricing is true?

a. Pricing is the least important marketing mix element during a recession.
b. Both consumers and purchasing agents focus on price when making a purchase decision.
c. Pricing is unaffected by changes in the business cycle.
d. Most consumers believe price has little influence on their purchase decisions.

Check back tomorrow to see the correct answer. The answer to yesterday’s MBA IQ Daily Quiz is (d).

Master the MBA Lexicon with the MBA IQ Course…for success in the office or in the MBA classroom.

]]> http://mbaiq.wordpress.com/2011/11/28/mba-iq-daily-quiz-november-28-2011/feed/ 0 mbaiq MBA IQ Daily Quiz: November 21, 2011 http://mbaiq.wordpress.com/2011/11/21/mba-iq-daily-quiz-november-21-2011/ http://mbaiq.wordpress.com/2011/11/21/mba-iq-daily-quiz-november-21-2011/#comments Mon, 21 Nov 2011 16:02:13 +0000 MBA IQ http://mbaiq.wordpress.com/?p=235 ]]> Illinois Airlines’ fixed operating costs are $5.8million, and its variable costs are 20% of sales. The firm has $2million of debt requiring interest of 13% per year. Sales for Illinois Airlines are $8.78million, and the firm’s tax rate is 40%. There are 100,000 shares of common stock outstanding. The firm’s degree of financial leverage is:

a. 2.000
b. 1.765
c. 1.333
d. 1.270

Check back tomorrow to see the correct answer. The answer to yesterday’s MBA IQ Daily Quiz is (a).

Master the MBA Lexicon with the MBA IQ Course…for success in the office or in the MBA classroom.

]]> http://mbaiq.wordpress.com/2011/11/21/mba-iq-daily-quiz-november-21-2011/feed/ 0 mbaiq MBA IQ Daily Quiz: November 18, 2011 http://mbaiq.wordpress.com/2011/11/18/mba-iq-daily-quiz-november-18-2011/ http://mbaiq.wordpress.com/2011/11/18/mba-iq-daily-quiz-november-18-2011/#comments Fri, 18 Nov 2011 16:00:37 +0000 MBA IQ http://mbaiq.wordpress.com/?p=231 ]]> Which of these steps is NOT part of the Six Sigma process sequence?

a. Design
b. Measure
c. Analyze
d. Improve

Check back tomorrow to see the correct answer. The answer to yesterday’s MBA IQ Daily Quiz is (b).

Master the MBA Lexicon with the MBA IQ Course…for success in the office or in the MBA classroom.

]]> http://mbaiq.wordpress.com/2011/11/18/mba-iq-daily-quiz-november-18-2011/feed/ 0 mbaiq MBA IQ Daily Quiz: November 17, 2011 http://mbaiq.wordpress.com/2011/11/17/mba-iq-daily-quiz-november-17-2011/ http://mbaiq.wordpress.com/2011/11/17/mba-iq-daily-quiz-november-17-2011/#comments Thu, 17 Nov 2011 16:00:43 +0000 MBA IQ http://mbaiq.wordpress.com/?p=229 ]]> The calculation of free cash flow is always prepared for:

a. one particular point in time
b. a specific period of time
c. the standard reporting period
d. each quarterly report

Check back tomorrow to see the correct answer. The answer to yesterday’s MBA IQ Daily Quiz is (c).

Master the MBA Lexicon with the MBA IQ Course…for success in the office or in the MBA classroom.

]]> http://mbaiq.wordpress.com/2011/11/17/mba-iq-daily-quiz-november-17-2011/feed/ 0 mbaiq MBA IQ Daily Quiz: November 16, 2011 http://mbaiq.wordpress.com/2011/11/16/mba-iq-daily-quiz-november-16-2011/ http://mbaiq.wordpress.com/2011/11/16/mba-iq-daily-quiz-november-16-2011/#comments Wed, 16 Nov 2011 16:00:55 +0000 MBA IQ http://mbaiq.wordpress.com/?p=226 ]]> If a firm charges different consumers different prices for the same product and the difference cannot be attributed to cost variations, then it is engaging in

a. odd pricing.
b. cost-plus pricing.
c. price discrimination.
d. markup pricing.

Check back tomorrow to see the correct answer. The answer to yesterday’s MBA IQ Daily Quiz is (c).

Master the MBA Lexicon with the MBA IQ Course…for success in the office or in the MBA classroom.

]]> http://mbaiq.wordpress.com/2011/11/16/mba-iq-daily-quiz-november-16-2011/feed/ 0 mbaiq MBA IQ Daily Quiz: November 15, 2011 http://mbaiq.wordpress.com/2011/11/15/mba-iq-daily-quiz-november-15-2011/ http://mbaiq.wordpress.com/2011/11/15/mba-iq-daily-quiz-november-15-2011/#comments Tue, 15 Nov 2011 16:00:58 +0000 MBA IQ http://mbaiq.wordpress.com/?p=223 ]]> Risk can be reduced in markets abroad by ________.

a.         taking out large insurance policies
b.         forming joint ventures with other domestic companies abroad
c.         buying from multiple suppliers located in several countries
d.         remaining inflexible

Check back tomorrow to see the correct answer. The answer to yesterday’s MBA IQ Daily Quiz is (c).

Master the MBA Lexicon with the MBA IQ Course…for success in the office or in the MBA classroom.

]]> http://mbaiq.wordpress.com/2011/11/15/mba-iq-daily-quiz-november-15-2011/feed/ 0 mbaiq MBA IQ Daily Quiz: November 14, 2011 http://mbaiq.wordpress.com/2011/11/14/mba-iq-daily-quiz-november-14-2011/ http://mbaiq.wordpress.com/2011/11/14/mba-iq-daily-quiz-november-14-2011/#comments Mon, 14 Nov 2011 16:00:46 +0000 MBA IQ http://mbaiq.wordpress.com/?p=220 ]]> A technique used to translate customer requirements into technical requirements is:

a. quality assurance
b. statistical quality control
c. quality function deployment
d. continuous improvement

Check back tomorrow to see the correct answer. The answer to yesterday’s MBA IQ Daily Quiz is (d).

Master the MBA Lexicon with the MBA IQ Course…for success in the office or in the MBA classroom.

]]> http://mbaiq.wordpress.com/2011/11/14/mba-iq-daily-quiz-november-14-2011/feed/ 0 mbaiq MBA IQ Daily Quiz: November 12, 2011 http://mbaiq.wordpress.com/2011/11/12/mba-iq-daily-quiz-november-12-2011/ http://mbaiq.wordpress.com/2011/11/12/mba-iq-daily-quiz-november-12-2011/#comments Sat, 12 Nov 2011 16:00:20 +0000 MBA IQ http://mbaiq.wordpress.com/?p=217 ]]> If Abercrombie & Fitch borrows $8 million dollars from a bank to finance the construction of a new store, this is an example of:

a. a stock market transaction
b. direct finance
c. a bond market transaction
d. indirect finance

Check back tomorrow to see the correct answer. The answer to yesterday’s MBA IQ Daily Quiz is (c).

Master the MBA Lexicon with the MBA IQ Course…for success in the office or in the MBA classroom.

]]> http://mbaiq.wordpress.com/2011/11/12/mba-iq-daily-quiz-november-12-2011/feed/ 0 mbaiq MBA IQ Daily Quiz: November 11, 2011 http://mbaiq.wordpress.com/2011/11/11/mba-iq-daily-quiz-november-11-2011/ http://mbaiq.wordpress.com/2011/11/11/mba-iq-daily-quiz-november-11-2011/#comments Fri, 11 Nov 2011 16:00:20 +0000 MBA IQ http://mbaiq.wordpress.com/?p=214 ]]> A manager wishes to improve the job performance of a group of clerical workers. Based on Herzberg’s theory, __________ would be an appropriate motivator.

a. providing them with a better health care plan
b. setting up a break room where coworkers could socialize
c. offering them opportunities for achievement and recognition
d. redecorating their offices so that they are pleasant and comfortable

Check back tomorrow to see the correct answer. The answer to yesterday’s MBA IQ Daily Quiz is (a).

Master the MBA Lexicon with the MBA IQ Course…for success in the office or in the MBA classroom.

]]> http://mbaiq.wordpress.com/2011/11/11/mba-iq-daily-quiz-november-11-2011/feed/ 0 mbaiq MBA IQ Daily Quiz: November 10, 2011 http://mbaiq.wordpress.com/2011/11/10/mba-iq-daily-quiz-november-10-2011/ http://mbaiq.wordpress.com/2011/11/10/mba-iq-daily-quiz-november-10-2011/#comments Thu, 10 Nov 2011 16:00:48 +0000 MBA IQ http://mbaiq.wordpress.com/?p=211 ]]> Scrap or rework are examples of the JIT waste recognized as:

a. defects
b. inappropriate processing
c. unnecessary motion
d. waiting

Check back tomorrow to see the correct answer. The answer to yesterday’s MBA IQ Daily Quiz is (d).

Master the MBA Lexicon with the MBA IQ Course…for success in the office or in the MBA classroom.

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