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BUSN 100 MIDTERM EXAM (APUS) 98/100 Attempt Points. 2019
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BUSN 100 MIDTERM EXAM (APUS) 98/100 Attempt Points. 2019
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Given the importance of _____ to workforce knowledgeeffectiveness, some business experts, such
as management guru Peter Drucker,
separate this factor from human resources.
Which of the following is not considered a soybeans
natural resource?
Which of the following is a key feature of an Departments throughout the organization adopt a customer orientation.
organization that adopts the marketing
concept?
_____ boomed as mass production took hold Factory production
during the Industrial Revolution.
Entrepreneurs need economic freedom to freedom of choice, freedom from excess regulation, and freedom from too much
thrive. Those freedoms include taxation.
Which of the following statements A large majority of both consumers and workers tend to respond favorably to socially
represents how consumers and workers responsible business behavior.
react to socially responsible behavior by
business?
The marketing era introduced the marketing concept.
Of the factors of production, which is Entrepreneurship. Even with limited natural or human resources, or even limited capital,
considered the most important? the entrepreneur can create wealth, craft vision, see opportunity, and move forward.
A business's core goal is to generate long value
term profits while delivering _____ to its
customers.
As products flooded the market after World branding their products to create distinctive identities.
War II, firms responded by
When making a career choice, experts often to find a career you love and the money will follow.
advise graduating students
The four major categories of factors of natural resources, capital, human resources, and entrepreneurship.
production are
A small consulting company in Waikiki, relationship era
Hawaii struggles financially because of
limited access to economic resources. This
company has to get creative to build long-
term bonds with its current customers and
use technology to reach new customers
using concepts from the
Sabiha will be opening her catering business can hire whomever she chooses
soon but still needs to hire a few more
employees to fill the schedule. As an
entrepreneur, she enjoys certain economic
freedoms and
Which of the following features best product or service, employees, revenue, sales, and a primary purpose of doing good
describe a nonprofit?
Jill, an entrepreneur, started a company and By deploying her generator through careful licensing and patenting to protect her
invented a power generator that will make property, her firm will not only build wealth but will also drive up the standard of living.
fossil fuels obsolete in ten years. What
should be the role of her business in society,
and what should her company do?
, As aging baby boomers retire, companies need to compete for top talent, driving up the costs of recruitment and payroll.
will
The stock market, housing foreclosures, and economic
unemployment rates are all part of an
organizations's ____ environment.
World B. Free has not received a raise for the decrease; increased
past four years, but he is generally happy
with the political freedom he enjoys and the
clean natural environment even though the
price of goods and services has increased. It
can be assumed that World B. Free's
standard of living has _____ and his quality of
life has _____.
Lisa is a marketing consultant who is trying to demographics
help a regional company design an
advertising campaign that will appeal to the
local population. Her report should take into
account _____ factors such as the age, income,
and ethnic composition of the area's
population.
Business will incur a _____ when expenses are loss
higher than revenue.
Technological advancements have allowed educating and motivating their employees.
businesses to replace the manual labor
employees with technology requiring human
resources to focus on
Nonprofit organizations are commonly the arts industry.
known for supporting:
Your college has contracted with a capital
construction company to build a new
bookstore. The heavy machinery and
equipment the contractor will use in the
construction process are classified as
During the marketing era consumers found more choices for goods and services
Open Market operations are set by the businesses and markets
Federal Open Market Committee. These
operations help the government finance its
deficit spending. To help guide them in
decision making, who would benefit from
closely watching the rate setting and outlook
statements produced by the Open Market
Committee?
When tax revenue is higher than government budget surplus
expenditures, the government incurs a
Why is a low level of inflation desirable in an It reflects a healthy economy; people have money and are willing to spend it.
economy, and why is deflation not
desirable?
What was the cause of the financial crisis of Monetary policy was very lax, and this policy led to a bubble in the housing market that
2008? burst.
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