BUS 100 - Exam 4 || A+ Guaranteed.

Competition correct answers the activity or condition of competing. Unethical behavior correct answers An action that falls outside of what is considered morally right or proper for a person, a profession or an industry. Workers to organize into unions correct answers Entrepreneurship corr...

Benefit Segmentation correct answers Dividing the market by determining which benefits of the product to talk about Brand name correct answers A word, letter, or group of words or letters that differentiate one sellers goods and services from those of competitors Business to business markets (...

Effective Communications correct answers -managers must have a clear understanding of culture -must transmit the culture to others within organization (i.e., training and orientation for newcomers often include info about the firms culture Barriers to effective communication correct answers phys...

Economics correct answers the study of how resources are distributed for the production of goods and services within a social system Inflation correct answers a condition characterized by a continuing rise in prices Equilibrium price correct answers the price at which the number of products th...

Business correct answers An organized effort of individuals to produce, sell, for a profit, the goods and services that satisfy society's needs Classifications of business: manufacturing correct answers Goods producing (ex: keyboards - tangible) Classifications of business: service correct an...

Economic System correct answers A description of how a particular society distributes its resources to produce goods and services Communism correct answers First described by Karl Marx as a society in which the people, without regard to class, own all the nation's resources On paper it appear...

The time it takes to double an investment can be estimated by using which of the following? A) book value B) the Rule of 72 C) blue-chips D) dividends E) market value correct answers B) the Rule of 72 Which of the following statements is true about common stocks as investments? A) Stocks ar...

Functions of a Manager correct answers 1. Planning 2. Organizing 3. Staffing 4. Leading 5. Controlling Characteristics of Good Information correct answers 1. Accurate 2. Relevant 3. Timely 4. Understandable 5. Secure Product layout correct answers moves 1 station to another ex: assemb...

standard of living correct answers the quality and quantity of goods and services available to a population relationship era correct answers in the history of business this is the era we are in today where companies try to figure out what consumers want and create that product to meet their needs...

Which of the following best describes capitalism? A. An economic system focused on adherence to government policy and procedure B. A system where the government controls the production of products and services C. A planned economic system D. An economic system where most products and services ar...

Soft drinks and gasoline are products where are only a few sellers and it is market is hard to break into because of high start-up cost. What type of competition are these types of companies involved in? correct answers Oligopoly If the FED (Federal Reserve) decides to lower the discount rate, wh...

Asset correct answers Anything held by a company to produce value and that is held by a company to produce positive economic value Liability correct answers A company's legal financial debts or obligations that arise during the course of business operations Current liability correct answers C...

5 Components of Management Planning correct answers Planning Organizing Staffing Directing Controlling Planning correct answers Determining an organization objectives & how to accomplish them Types of Planning correct answers Strategic: long-term, senior management Tactical: Short range, ...

The core components upon which a company's ethical performance depends include: correct answers All of the Above. -The values and virtues of the managers. -The personal character of the managers and employees. -The traditions, attitudes, and business practices built into a company's culture. ...

When a company puts its commitment to social and environmental responsibility into practice worldwide, not only locally or regionally it is called: correct answers Global Corporate Citizenship Corporate power refers to correct answers The capability of corporations to influence government, the ec...

unlimited liability correct answers owner or general partner of business personally responsible for all debts on business general vs limited partner liability correct answers general - involved in management of business, personally responsible for debts of business limited - just invests, only...

(True/False) An import is a product made or grown abroad but sold domestically? correct answers True (True/False) The World Trade Organization (WTO) was created to encourage international trade. correct answers True (True/False) Globalization refers to the process by which countries around the...

acquisition correct answers One company purchasing the property and obligations of another Conglomerate merger correct answers Joining firms in different industries horizontal merger correct answers joining firms in the same industry Conventional (C) Corporation correct answers a state-char...

In digital communication, ____ is the ability of a marketer to identify customers before they make a purchase. correct answers addressability What is true of both conventional marketing and digital marketing? correct answers Both have to achieve the right marketing mix What has led to the rise...

THEORY X correct answers Theory of motivation that people are naturally lazy and uncooperative THEORY Y correct answers Theory of motivation holding that people are naturally energetic, growth-oriented, self-motivated, and interested in being productive MANAGEMENT BY OBJECTIVE (MBO) correct an...