BM Fall 2024 Final Review

Front

What is the definition of the Industrial Revolution?

Back

A period of rapid industrial growth during the late 18th and early 19th centuries

Front

Which of the following is a characteristic of effective goals? Vague and general, Specific and achievable, Easily changeable, Dependent on external factors

Back

Specific and achievable

Front

What is the purpose of a SWOT analysis?

Back

To evaluate internal strengths & weaknesses and external opportunities & threats

Front

What does GDP stand for?

Back

Gross Domestic Product

Front

What is Total Quality Management (TQM)?

Back

A management approach focused on long-term success through customer satisfaction

Front

What is the term for barriers that are not related to tariffs?

Back

Nontariff barriers

Front

What is the concept of 'comparable worth' related to?

Back

Salary equality

Front

What is an example of a high-context culture?

Back

Japan

Front

What is a trading bloc?

Back

A group of countries that trade freely

Front

What is Management?

Back

The act of achieving the goals of an organization through planning, organizing, leading, and controlling organizational resources.