BUS 120 FINAL EXAM 2024 ACTUAL EXAM COMPLETE
250 QUESTIONS WITH DETAILED VERIFIED ANSWERS
(100% CORRECT ANSWERS) /ALREADY GRADED A+
The primary functions of management are - ANSWERplanning, organizing, leading, and
controlling
_ can be produced independently of the consumer and then stored and shipped. -
ANSWERgoods
____ refer(s) to computer programs that provide instructions for a computer to execute
a desired task. - ANSWERsoftware
____ refers to the physical components used to collect, store, organize, and process
data and to distribute information - ANSWERhardware
The Fair Labor Standards Act of 1938 established a minimum wage and overtime pay
for employees working: - ANSWERmore than 40 hours a week
____ include compensation such as health insurance, sick leave, and childcare or
eldercare programs offered to an employer's workers. - ANSWERbenefits
____ refers to the combination of pay and benefits that employees receive in exchange
for their work. - ANSWERcompensation
___ are consumed when and where they are produced, and they often require the
customer to be actively involved in their production. - ANSWERservices
A(n) _ measures the ability to pay short-term liabilities as they come due. -
ANSWERliquidity ratio
The majority of businesses today are formed as _. - ANSWERsole proprietorships
Stockholders are _____ of a corporation. They have the right to vote on issues affecting
the operation of the business. - ANSWERowners
_ are professionally managed funds that pool the contributions of thousands of
investors. - ANSWERmutual funds
The party in a franchise relationship that pays for the right to use resources supplied by
another business entity is known as the: - ANSWERfranchisee
,In communication, the term_____ refers to any interference that causes the message
received by the audience to be different from the sender's intended message. -
ANSWERnoise
_ is/are what the firm owes its creditors. - ANSWERliabilites
_ are wealthy individuals who invest in new and growing firms. - ANSWERAngle
investors
_ are companies that invest in start-up businesses with high growth potential in
exchange for an ownership stake. - ANSWERVenture capital firms
A key advantage of a corporation is that: - ANSWERthe owners maintain limited
liabilities
The _____ is an index based on the adjusted average price of stocks of 30 major
corporations picked by editors of the Wall Street Journal. - ANSWERDow Jones
Industrial Average
Economics is divided into two core areas of study known as: -
ANSWERMacroeconomics & Microeconomics
Imports and exports enhance international trade, while creating growing opportunities
for nations. Which of the following is NOT a benefit of global trade? - ANSWERless
competition
A _____ is any activity that provides goods and services in an effort to earn a profit. -
ANSWERBusiness
The goal of _____ is to meet the needs of the current generation without harming the
ability of future generations to meet their needs. - ANSWERsustainable development
_____ is the most basic level of international market development and involves shipping
domestically produced products overseas. - ANSWERExporting
As competition has become truly global, free trade has resulted in _____ prices and
_____ quality across virtually every product category. - ANSWERlower, higher
Banks, hotels, airlines, tax preparation, and home repair are all examples of -
ANSWERservices
The process whereby a company promotes environmentally friendly products as a
benefit to its customers is known as - ANSWERgreen marketing
, Today the economies of virtually all nations would be classified as: - ANSWERmixed
economies
Business will incur a _____ when expenses are higher than revenue. - ANSWERloss
Douglas McGregor proposed that managers should use _____ assumptions in order to
capitalize on the intelligence of the workers they supervise. - ANSWERTheory Y
Stakeholders are - ANSWERgroups or individuals with a personal interest in the
performance and actions of a business
The relationship era introduced the idea: - ANSWERthat cultivating current customers is
more profitable than constantly seeking new ones
The items included in the Consumer Price Index (CPI) "market basket" are chosen to
represent: - ANSWERgoods and services bought by the average consumer
The four major categories of factors of production are: - ANSWERnatural resources,
capital, human resources, and entrepreneurship
Which of the following organizations replaced the General Agreement on Tariffs and
Trade (GATT)? - ANSWERWorld Trade Organization
____ stresses customer satisfaction as the central focus of the entire organization. -
ANSWERThe marketing concept
____ e-commerce involves the purchase of consumer goods and services, including
clothing, music, and even investments, by individuals. - ANSWERB2C
____ refers to the number of people a manager supervises. - ANSWERSpan of control
____ satisfies wants by converting inputs into a finished product. - ANSWERForm utility
A manager's facial expressions, posture, and gestures are examples of _____ -
ANSWERnonverbal communication
____Abraham Maslow, noted psychologist, theorized that people were motivated by: -
ANSWERunmet needs
An advantage of secondary data is that it is usually _____ than primary data. -
ANSWERless costly
Costs that fluctuate based on production levels achieved are called _____ costs -
ANSWERvariable
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 Americannursingaassociation. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
