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Which of the following activities is NOT typically performed in the merchandise division?


A) the control of inventory levels
B) the hiring and firing of sales associates
C) the determination of what merchandise will be procured from vendors
D) the planning of assortment and stock levels
E) the pricing of merchandise

F) B) and D)
G) A) and B)

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Which of the following could a centralized retailer carry out in order to combat the disadvantages associated with centralization?


A) They could allocate some of the decisions back to the stores.
B) They could hold more local for local meetings.
C) They could operate a one-way connection via satellite from buyers to stores.
D) They could offer better customer service creating customer loyalty.
E) They could rely more on their information systems to react to local market conditions.

F) A) and B)
G) None of the above

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Which of the following is an advantage of decentralization?


A) Overhead costs
B) Lower prices from suppliers
C) Opportunity to have the most talented people with the best expertise make decisions for the company
D) Increased efficiency with standard operating policies for stores and merchandising
E) Ability to react quickly to specific local market shifts

F) A) and C)
G) A) and B)

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What are the age demographics challenges for human resources in retailing?

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Growth in the labor market is decreasing...

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An organizational culture is the set of values,traditions and customers in a firm that guides employee behavior.

A) True
B) False

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What does centralization mean for retailers?


A) All buying decisions are made regionally to best satisfy the customer.
B) The authority for decisions is delegated to corporate managers.
C) The location of corporate headquarters is located in the central part of the country.
D) The authority for decisions is made at the nearest central office.
E) Cash wraps are to be located centrally throughout the store.

F) A) and B)
G) B) and C)

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A(n) ________ is responsible for allocating merchandise to stores by geographic area.


A) planner
B) buyer
C) merchandise manager
D) category manager
E) administrative manager

F) B) and C)
G) B) and E)

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Often,when retailers' sales and profits decline due to increased competition,they respond to decreasing labor costs by reducing the number of sales associates,hiring more part-timers and spending less on training.What is wrong with this strategy?

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While these actions may increa...

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Mrs.Herrin and Mrs.Otwell teach a second grade class.Both have young children at home and both have teaching careers.To help them balance this lifestyle,the principal suggested they both work part-time yet cover the responsibilities of the one teaching position.This would be an example of:


A) time sharing
B) task empowerment
C) balanced tasking
D) job sharing
E) flextime

F) B) and D)
G) C) and E)

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A retailer can reduce employee turnover by:


A) increasing its dollar sales
B) reducing its fixed costs
C) paying employees all the same
D) building an atmosphere of mutual commitment

E) B) and D)
F) None of the above

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What is empowerment?


A) Empowerment is what allows district management to focus on a few stores.
B) Empowerment is when employees abuse their positions as associates.
C) It is the authority of the upper management.
D) Empowerment is when managers share the power and decision-making authority with employees.
E) It is a type of management that focuses on hiring powerful people.

F) B) and D)
G) B) and E)

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Which of the following operations can provide an opportunity to have the best people make decisions for an entire corporation?


A) CES - Central Efficiency Standards
B) Management information systems
C) Centralization
D) Decentralization
E) Central systems operations

F) A) and C)
G) D) and E)

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When the CEO of The Home Depot visits stores,he wears an orange apron like all store associates.As he pushes carts from the parking lot,he chats with the high school students typically assigned to the task.By doing this,he is able to learn about the store and make the young associates feel important.This is The Home Depot's way of:


A) creating store evaluations
B) empowering young associates
C) encouraging young associates to consider The Home Depot for a career
D) reducing status differences
E) finding out about the store management

F) A) and B)
G) None of the above

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A company that carefully selects its recruits,develops employee skills through training,shares information about company shares,encourages employees to take additional classes on customer service is trying to:


A) develop a new mission statement
B) decrease its fixed costs
C) centralize its organization structure
D) maintain its current organization culture
E) reduce employee turnover

F) B) and D)
G) A) and B)

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______________ is expressed as a retailer's sales or profits divided by the number of employees.


A) human resource management
B) employee turnover
C) employee productivity
D) operations management
E) organizational management

F) D) and E)
G) C) and E)

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On payday,Jun received his weekly salary plus 2% of each sale he made during the pay period.This is an example of a:


A) benefit
B) 401K
C) gratuity
D) prerequisite
E) commission

F) A) and B)
G) All of the above

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The merchandise management task of a retail firm includes buying merchandise,controlling inventory and pricing merchandise.

A) True
B) False

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The Home Depot employees are supporters of Habitat for Humanity.Many associates go to the building sites on weekends;they voluntarily share their knowledge,expertise and muscle.Volunteering is not a requirement for store associates,yet many participate in the exercise.The spirit of volunteering is an example of The Home Depot's:


A) organizational development
B) organizational culture
C) corporate procedures
D) empowerment
E) procedural justice

F) B) and E)
G) A) and E)

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Which of the following HR activities can build a competitive advantage for retailers?


A) compensation and work-life balance program
B) selective hiring and training
C) policies and compensation
D) compensation and incentives
E) incentives and benefit programs

F) D) and E)
G) A) and B)

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When a retailer responds to an economic downturn by putting a freeze on salaries,laying off sales associates,and hiring more part-time associates,the employees tend to respond with:


A) poor customer service
B) lower job turnover
C) higher levels of job satisfaction
D) increased motivation and effort
E) self imposed training

F) All of the above
G) B) and E)

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