Exam (elaborations)
Business 101 Midterm #3.
- Course
- Institution
Business 101 Midterm #3.
[Show more]
Seller
Follow
modockochieng06
Content preview
Business 101 Midterm #350% of all corporations are incorporated in California. - ANS-False
A blank is is a hybrid of a quota and a tariff which imposes lower tariffs within the quota
and higher tariffs over the quota. - ANS-Tariff rate quota
A blank is is a regional group of countries with a common external tariff, no internal
tariffs, and coordinated laws to facilitate exchanges among members. - ANS-Common
Market
According to the Global Entrepreneurship Monitor (GEM), what percent of the U.S
population is actively involved in trying to start a new business? - ANS-10%
According to the survey from the video, what percent of adults in the U.S have
considered starting their own businesses? - ANS-72%
According to the video by Adam Ruins Everything, McDonalds coffee had burned how
many customers in the decade prior to the court case? - ANS-More than 700
According to the video, "How to Write a Business Plan", when writing a business plan,
how many different sections should there be to it? - ANS-6
According to the video, "The Ponzi Game", the Ponzi Schemes return Blank beats the
market's return. - ANS-always
All of the following are effects of the Dodd-Frank Wall Street Reform and Consumer
Protection Act, EXCEPT - ANS-Higher taxes on all Fortune 500 corporations
All of the following are Entrepreneurial Trends except - ANS-All of the above are
Entrepreneurial Trends
Technological Advancements
International opportunities
Entrepreneurs as Heroes
Independent Lifestyles
All of the following are examples of corporate initiatives we learned about, EXCEPT -
ANS-Facebook Recycling Program
, All of the following are examples of primary meaning of the genericized trademark
becoming the product or service itself, except - ANS-Gatorade
All of the following are included in the three levels of ethical standards, EXCEPT -
ANS-Doing unto others as you would want done unto you
All of the following are part of the Financial Feasibility Analysis except - ANS-Acid Test
Ratio
All of the following are ways to avoid the pitfalls of failure except - ANS-Copy exactly
other successful businesses
All of the following clothing companies came under scrutiny for an unethical supply
chain, EXCEPT - ANS-Patagonia
Blank corporations such as Patagonia aren't non-profit organizations but they focus on
addressing the triple bottom line or 3P - people, planet and profit. - ANS-B, Benefit, and
Social Purpose
Blank is a form of partnerships in which some partners may be subjected to limited
liability. - ANS-Limited Partnership
Blank is considered a disadvantage of a partnership because it exposes all other
partners to a risk of poor business decisions by a single partner. - ANS-Mutual agency
Blank is the belief that ethics are culturally determined and that firms should adopt the
ethics of the cultures in which they operate. - ANS-Cultural relativism
Blank is the notion that, blame for unethical behavior rests with a few unsavory
individuals. - ANS-Bad Apple
Blank is the process of influencing and inspiring others to work to achieve a common
goal and then giving them the power and the freedom to achieve it. - ANS-Leadership
Blank is when parties agree to resolve a dispute through a third party and the outcome
can be binding or non-binding. - ANS-Arbitration
Blank leaders make managerial decisions without consulting others. - ANS-Autocratic
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 CA$11.17. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73314 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now