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BUS 100 exam study guide || with 100% Verified Solutions.
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Competition correct answers the activity or condition of competing. Unethical behavior correct answers An action that falls outside of what is considered morally right or proper for a person, a profession or an industry. Workers to organize into unions correct answers Entrepreneurship cor...

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  • August 2, 2024
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  • 2024/2025
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BUS 100 exam study guide || with 100% Verified Solutions.
Competition correct answers the activity or condition of competing.
Unethical behavior correct answers An action that falls outside of what is considered morally right or proper for a person, a profession or an industry.
Workers to organize into unions correct answers Entrepreneurship correct answers is the process of designing a new business
Blooms taxonomy correct answers 1. Knowledge -Defining and naming
2. comprehension -Understanding and explaining
3. Application -solving new problems
4. Analysis- Breaking down and distinguishing 5. Evaluation- justify & critique
6. Synthesis- combine and recognize
The illusion of competence correct answers Reading Highlighting
A fixation on the wrong approach correct answers Recall correct answers This involves digging into the memory and bringing back information on a response basis
Repetition correct answers the action of repeating something that has already been said or written.
Recession correct answers An economic downturn marked by a decrease in the GDP for two consecutive quarters
Trend correct answers a general direction in which something is developing or changing.
Random variation correct answers Contraction correct answers A period of economic downturn, marked by rising unemployment and falling business production
Expansion correct answers A period of robust economic growth and high employment
Inflation correct answers A period of rising average prices across the economy
Deflation correct answers A Period of falling average prices across the economy Human resource management correct answers Concerned with maximizing employee performance
Finance correct answers Concerned with finding the best sources and uses of money
Economics correct answers Study of the choices that people, companies, and governments make in allocating society's resources
Supply correct answers The number of goods producers are willing to sell
Profitability correct answers is the ability of a business to earn a profit.
Revenue correct answers The money received from the sale of goods and services
Quality correct answers the standard of something as measured against other things of a similar kind; the degree of excellence of something.
Price correct answers the amount of money expected, required, or given in payment for something.
Monopolistic competition correct answers A market structure with many competitors selling differentiated products. Barriers to entry are low
Oligopoly correct answers A market structure with few competitors. Barriers to entry are typically high
Monopoly correct answers A market structure with one producer completely dominating the industry, leaving no room for any significant competitors
A code of ethics correct answers Formal, written document that defines the ethical standards of an organization and gives employees the info they need to make ethical decisions across a range of situations
Social norms correct answers are the rules of behavior that are considered acceptable in a group or society.
Income statement correct answers The financial statement that reports the revenues, expenses, and net income
Statement of cash flows correct answers A financial statement describing the movement of cash through an organization
Balance sheet correct answers A financial statement that lists the assets, liabilities, and owners' equity

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