Exam (elaborations)
Child Abuse Mandated Reporter_ School Personnel Training_ Training Assessment
- Course
- Institution
Child Abuse Mandated Reporter_ School Personnel Training_ Training Assessment
[Show more]
Seller
Follow
modockochieng06
Content preview
Foundations of Business VT Exam 1acquisition - ANS-is the purchase of one company by another with no new company
being formed
Balance of trade - ANS--imports
-exports
-trade deficit (when imports exceed exports)
Blocking Roles - ANS-Anything that Inhibits team functionality
-stall
-delay
Capitalism - ANS--Right to own private property -Right to own a business
-Right to competition
-Freedom of choice
Conflict of interest - ANS-occur when individuals must choose between taking actions
that promote their personal interests over the interests of others or taking actions that
don't.
Conflict of loyalty - ANS-"You may one day find yourself in a bind between being loyal
either to your employer or to a friend or family member."
-if you know your best friend is about to be fired and you know they're struggling
financially you can't tell your friend to start looking elsewhere
Consumer Price Index (CPI) - ANS-keeping an eye on inflation
Cooperative - ANS-a business
owned and controlled by those who use its services.
corporations - ANS--C-corp: taxed at a corporate tax level (150+ employees)
-S-corps(fewer than 150)
Crossfunctional - ANS-teams that, as the name suggests, cut across an organization's
functional areas (operations, marketing, finance, and so on)
Demand and Demand Curve - ANS--Prices rise -- people buy less
-Prices fall -- people buy more
, dumping - ANS-the practice of selling exported goods below the price that producers
would normally charge in their home markets (and often below the cost of producing the
goods)
Ethical Dimmas - ANS-ethical issues we face as individuals
Ethical issues - ANS-ethics concerned with society (i.e. environment)
fiscal policy - ANS-relies on the government's powers of spending and taxation
Fiscal Policy - ANS-The federal government's efforts to keep the economy stable by
increasing or decreasing taxes or government spending.
Functional areas of team organization - ANS-◦ Accounting
◦ Finance
◦ IT
◦ Management
◦ Marketing
◦ Operations
GDP and Recession - ANS-if down for two consecutive quarters, economy considered
to be in state of recession
Gross Domestic Product (GDP) - ANS-all goods produced domestically
hostile takeover - ANS-when a company is purchased even though the company's
management and board of directors do not want to be acquired
Implications of whistleblowing - ANS--May stop wrongdoing at the company
-Maybe blackballed
-Maybe treated poorly
Insider Trading - ANS-acting on information that is not available to the general public,
either by trading on it or providing it to others who trade on it.
Key Characteristics of a team - ANS--Working towards a common goal
-All function interdependently
-Stability
-Operating in a different context
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller modockochieng06. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77333 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now