Fundamental Business Economics Tourism Model 3 Quiz
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Questions and Answers

What does economic efficiency link?

  • the output value and the inputs value used
  • the result obtained in financial terms and the capital invested
  • the number of employees and their productivity
  • the amount of product obtained, and the inputs used (correct)
  • Which school highlights the environment as a crucial element in the analysis of organisations?

  • Systems (correct)
  • Scientific Administration
  • Classical Management
  • Bureaucratic
  • Which author highlights the concept of the entrepreneur as someone whose main function is to innovate?

  • Adam Smith
  • Galbraith
  • Schumpeter (correct)
  • Knight
  • What is the system feature related to the tendency to avoid disorder?

    <p>negative entropy</p> Signup and view all the answers

    What are the activities of management called that involve division of labor and coordination?

    <p>organisation</p> Signup and view all the answers

    What approach to social responsibility is demonstrated when a company finds a balance between ethical responsibilities and making a profit?

    <p>intermediate approach</p> Signup and view all the answers

    How would you classify the environment that an advertising agency faces when it comes to hiring extremely qualified personnel and developing customised projects to meet their needs?

    <p>Complex and dynamic</p> Signup and view all the answers

    What is the strategy called when a company originally engaged in the television business decides to enter the written press business to complement its activity?

    <p>Horizontal diversification</p> Signup and view all the answers

    If a hotel company develops a differentiation strategy, what is expected?

    <p>The bargaining power of the hotel company increases</p> Signup and view all the answers

    When the Four Seasons group states its desire to be recognized as the company that manages the best hotels, resorts, and residential clubs, what is it pointing out?

    <p>Its mission-vision</p> Signup and view all the answers

    What kind of growth is Travelport Worldwide following by creating a joint venture with Japan Airlines for a GDS adapted to the Japanese market?

    <p>External growth</p> Signup and view all the answers

    Match the first column concepts with those showed in the second one: 1.- Cost leadership strategy. I. Business portfolio. 2.-Scope of activity. 3.-Concentration strategy.

    <p>1III, 2I, 3II</p> Signup and view all the answers

    In general terms, what do programmed decisions have to do with?

    <p>Routine and repeated problems which require an established method</p> Signup and view all the answers

    The basic principles that guide managers when making decisions are called:

    <p>Policies</p> Signup and view all the answers

    Which department in a hotel is responsible for recruitment?

    <p>The human resources department</p> Signup and view all the answers

    What is the basic coordination used by the assembly line workers?

    <p>Standardisation of work processes</p> Signup and view all the answers

    What is economic efficiency based on in Business Economy?

    <p>The amount of product obtained, and the inputs used</p> Signup and view all the answers

    Which characteristic highlights the 'school of Systems' in the analysis of organisations?

    <p>Environmental definition</p> Signup and view all the answers

    Who highlights the concept of the entrepreneur as someone whose main function is to innovate?

    <p>Schumpeter</p> Signup and view all the answers

    What is the system feature related to the tendency to avoid disorder?

    <p>Negative entropy</p> Signup and view all the answers

    What are the activities of management called that involve division of labor and coordination?

    <p>Organization</p> Signup and view all the answers

    If a company finds a balance with its ethical responsibilities and making a profit, what approach to social responsibility would it demonstrate?

    <p>Intermediate approach</p> Signup and view all the answers

    What type of strategy is demonstrated when a hotel company develops a differentiation strategy?

    <p>The bargaining power of customers increases.</p> Signup and view all the answers

    In general terms, what do programmed decisions have to do with?

    <p>Routine and repeated problems which require an established method.</p> Signup and view all the answers

    What are the basic principles that guide managers when making decisions called?

    <p>Policies.</p> Signup and view all the answers

    Which department in a hotel is responsible for recruitment?

    <p>The HR department.</p> Signup and view all the answers

    What kind of growth is Travelport Worldwide following by creating a joint venture with Japan Airlines for a GDS adapted to the Japanese market?

    <p>External growth.</p> Signup and view all the answers

    What is the basic coordination used by the assembly line workers?

    <p>Standardization of work processes.</p> Signup and view all the answers

    When the Four Seasons group states its desire to be recognized as the company that manages the best hotels, resorts, and residential clubs, what is it pointing out?

    <p>Its mission-vision.</p> Signup and view all the answers

    Which author highlights the concept of the entrepreneur as someone whose main function is to innovate?

    <p>Joseph Schumpeter.</p> Signup and view all the answers

    What does economic efficiency link to?

    <p>Maximizing output with limited resources.</p> Signup and view all the answers

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