BUS 120 FINAL EXAM 2024 ACTUAL EXAM COMPLETE
250 QUESTIONS WITH DETAILED VERIFIED ANSWERS
(100% CORRECT ANSWERS) /ALREADY GRADED A+
The primary functions of management are - ANSWERplanning, organizing, leading, and
controlling
_ can be produced independently of the consumer and then stored and shipped. -
ANSWERgoods
____ refer(s) to computer programs that provide instructions for a computer to execute
a desired task. - ANSWERsoftware
____ refers to the physical components used to collect, store, organize, and process
data and to distribute information - ANSWERhardware
The Fair Labor Standards Act of 1938 established a minimum wage and overtime pay
for employees working: - ANSWERmore than 40 hours a week
____ include compensation such as health insurance, sick leave, and childcare or
eldercare programs offered to an employer's workers. - ANSWERbenefits
____ refers to the combination of pay and benefits that employees receive in exchange
for their work. - ANSWERcompensation
___ are consumed when and where they are produced, and they often require the
customer to be actively involved in their production. - ANSWERservices
A(n) _ measures the ability to pay short-term liabilities as they come due. -
ANSWERliquidity ratio
The majority of businesses today are formed as _. - ANSWERsole proprietorships
Stockholders are _____ of a corporation. They have the right to vote on issues affecting
the operation of the business. - ANSWERowners
_ are professionally managed funds that pool the contributions of thousands of
investors. - ANSWERmutual funds
The party in a franchise relationship that pays for the right to use resources supplied by
another business entity is known as the: - ANSWERfranchisee
,In communication, the term_____ refers to any interference that causes the message
received by the audience to be different from the sender's intended message. -
ANSWERnoise
_ is/are what the firm owes its creditors. - ANSWERliabilites
_ are wealthy individuals who invest in new and growing firms. - ANSWERAngle
investors
_ are companies that invest in start-up businesses with high growth potential in
exchange for an ownership stake. - ANSWERVenture capital firms
A key advantage of a corporation is that: - ANSWERthe owners maintain limited
liabilities
The _____ is an index based on the adjusted average price of stocks of 30 major
corporations picked by editors of the Wall Street Journal. - ANSWERDow Jones
Industrial Average
Economics is divided into two core areas of study known as: -
ANSWERMacroeconomics & Microeconomics
Imports and exports enhance international trade, while creating growing opportunities
for nations. Which of the following is NOT a benefit of global trade? - ANSWERless
competition
A _____ is any activity that provides goods and services in an effort to earn a profit. -
ANSWERBusiness
The goal of _____ is to meet the needs of the current generation without harming the
ability of future generations to meet their needs. - ANSWERsustainable development
_____ is the most basic level of international market development and involves shipping
domestically produced products overseas. - ANSWERExporting
As competition has become truly global, free trade has resulted in _____ prices and
_____ quality across virtually every product category. - ANSWERlower, higher
Banks, hotels, airlines, tax preparation, and home repair are all examples of -
ANSWERservices
The process whereby a company promotes environmentally friendly products as a
benefit to its customers is known as - ANSWERgreen marketing
, Today the economies of virtually all nations would be classified as: - ANSWERmixed
economies
Business will incur a _____ when expenses are higher than revenue. - ANSWERloss
Douglas McGregor proposed that managers should use _____ assumptions in order to
capitalize on the intelligence of the workers they supervise. - ANSWERTheory Y
Stakeholders are - ANSWERgroups or individuals with a personal interest in the
performance and actions of a business
The relationship era introduced the idea: - ANSWERthat cultivating current customers is
more profitable than constantly seeking new ones
The items included in the Consumer Price Index (CPI) "market basket" are chosen to
represent: - ANSWERgoods and services bought by the average consumer
The four major categories of factors of production are: - ANSWERnatural resources,
capital, human resources, and entrepreneurship
Which of the following organizations replaced the General Agreement on Tariffs and
Trade (GATT)? - ANSWERWorld Trade Organization
____ stresses customer satisfaction as the central focus of the entire organization. -
ANSWERThe marketing concept
____ e-commerce involves the purchase of consumer goods and services, including
clothing, music, and even investments, by individuals. - ANSWERB2C
____ refers to the number of people a manager supervises. - ANSWERSpan of control
____ satisfies wants by converting inputs into a finished product. - ANSWERForm utility
A manager's facial expressions, posture, and gestures are examples of _____ -
ANSWERnonverbal communication
____Abraham Maslow, noted psychologist, theorized that people were motivated by: -
ANSWERunmet needs
An advantage of secondary data is that it is usually _____ than primary data. -
ANSWERless costly
Costs that fluctuate based on production levels achieved are called _____ costs -
ANSWERvariable
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