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BUS 6600 Final Exam 1 questions and answers graded A+ 2024/2025
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BUS 6600 Final Exam 1 questions and answers graded A+ 2024/2025
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BUS 6600 Final Exal 1Accounting versus different business functions - ANSRecording, classifying, summarizing and
interpreting of financial events and transactions in an employer to offer involved parties wanted
economic records
Adam Smith and the Invisible Hand Theory - ANSThe unobservable market force that facilitates
the demand and supply of products in a free market to attain equilibrium routinely.
Benefits and rights in distinct financial structures - ANSFree-Market Economics - the
marketplace largely determines what goods and offerings are produced, who receives them,
and how the economy grows
Command Economics - the authorities in large part determines what goods and offerings are
produced, who receives them and how the financial system will grow
Mixed Economy - some allocation of assets is made by the goal and some by means of the
authorities
Bond financing - ANSis a kind of lengthy-time period borrowing that nation and nearby
governments often use to raise cash, primarily for long-lived infrastructure assets. They obtain
this money via promoting bonds to buyers. In alternate, they promise to pay off this money, with
hobby, in line with certain schedules.
Branding & brand names - ANSbrand - call, symbol or layout that recognized the goods or
services and distinguishes them from competitors' services
trademark - a logo that has distinctive criminal protections for both its brand call and layout
Manufacturers' manufacturers - emblem names of producers that distribute merchandise
nationally
Dealer (personal-label) Brands - merchandise that carry a store's or distributor's emblem call
instead of a producer's
Generic Goods - non-branded products that sell at a discount compared to manufacturers' or
sellers' brands
Knockoff Brands - illegal copies or country wide manufacturers
Budget - ANSsets forth control's expectancies for revenues and allocates the use of particular
sources through the firm... Rely closely at the stability sheet, profits statement, declaration of
cash flows and financial forecasts.
Business technology - ANSproduction generation, selling technology, advertising and marketing
idea generation, consumer relationship era
Buying inventory on margin - ANSborrowing some of the stock's buy cost from the brokerage
firm.
, Margin is the portion of the inventory's purchase fee that the investor must pay with their
personal cash. If a broking troubles a margin name, the investor has to come up with money to
cover losses
Capitalism, Socialism, Communism, Nationalism - ANSCapitalism - all or most of the land,
factories and stores are owned through individuals, no longer the authorities, and operated for
earnings
Socialism - an financial system based on the idea that a few basic organizations, like utilites,
should be owned by means of the government with a purpose to extra evenly distribute profits
many of the human beings
Communism - an financial and political gadget in which the authorities makes almost all
financial choices and owns almost all the important elements on production
Cash go with the flow statement - ANSreports coins receipts and coins disbursements related to
the 3 fundamental activists of a company: operations, investments, and financing
Commercial finance agencies - ANSis apart of the banking machine, however is a nonbank
that's a monetary institution that accepts no deposits, however offer a number of the offerings
supplied by means of everyday banks.
Commercial paper - ANSunsecured promissory notes in quantities of $100k+ that come due in
270 days or much less.
Common inventory - ANSthe maximum basic form; holders have the right to vote for the board
of administrators and share within the earnings if dividends are accepted
Company imaginative and prescient - ANSmore than a goal, its a large explanation of why the
business enterprise exits and where it is seeking to cross
Composition of the retail rate of products - ANStarget costing - designing a product that satisfies
clients and meets the company's focused income margins
opposition-based totally pricing - a method based totally on what the competition is charging for
its merchandise
ruin-even analysis - the process used to determine profitability at diverse tiers of sales
total fixed fees - all costs that remain the equal regardless of how much is produced or offered
Variable expenses - costs that exchange in step with the level of manufacturing
skimming price approach - pricing new products excessive to recover fees and make high
earnings while of completion is limited
penetration price method - pricing products low with the desire of attracting more buyers and
discouraging different companies from competing within the marketplace
regular low pricing - putting costs lower than competition with no special sales
Psychological pricing - pricing products at rate factors that make a product seam less
high-priced than it's miles
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