"The Cloud" - ANSWER-presentations stored on the Internet so you can
access it on any device via the Web
Acquisition - ANSWER-a corporate restructuring in which one firm buys
another.
Business - ANSWER-any activity that provides goods and services in an
effort to earn a profit
Business Env...
BUSINESS ADMISTRATION EXAM
2023&2024 WITH100% VERIFIED
ANSWERS GRADE A+
"The Cloud" - ANSWER-presentations stored on the Internet so you can
access it on any device via the Web
Acquisition - ANSWER-a corporate restructuring in which one firm buys
another.
Business - ANSWER-any activity that provides goods and services in an
effort to earn a profit
Business Environment - ANSWER-the setting in which business operates.
The five key components are: economic and legal environment,
technological environment, competitive environment, social
environment, and global environment.
Business Plan - ANSWER-- a formal document that describes a business
concept, outlines core business objectives, and details strategies and
timelines for achieving those objectives.
Business Technology - ANSWER-any tools - especially computers,
telecommunications, and other digital products - that businesses can
use to become more efficient and effective.
Communication - ANSWER-the transmission of information between a
sender and a recipient.
, Entrepreneurs - ANSWER-people who risk their time, money, and other
resources to start and manage a business
Factors of Production - ANSWER-Five fundamental elements - natural
resources, capital, human resources, entrepreneurship, and knowledge -
that businesses need to achieve their objectives
General Partnership - ANSWER-a partnership in which all partners can
take an active role in managing the business and have unlimited liability
for any claims against the firm.
Limited Liability - ANSWER-when owners are not personally liable for
claims against their firm. Limited liability owners may lose their
investment in the company, but their personal assets are protected
Limited Partnership - ANSWER-a partnership that includes at least one
general partner who actively manages the company and accepts
unlimited partner who gives up the right to actively manage the
company in exchange for limited liability
Loss - ANSWER-When a business incurs expenses that are greater than
its revenue
Merger - ANSWER-a corporate restructuring that occurs when two
formerly independent business entities combine to form a new
organization
Partnership - ANSWER-a voluntary agreement under which two or more
people act as co-owners of a business for profit.
Profit - ANSWER-revenue - expenses =
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 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 gitongawycliff05. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £11.66. You're not tied to anything after your purchase.
