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BUS 100 FINAL EXAM Flashcards _ (DETAILED ANSWERS) Semester 2 2024 - DISTINCTION
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BUS 100 FINAL EXAM Flashcards _ (DETAILED ANSWERS) Semester 2 2024 - DISTINCTION
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8/12/24, 3:32 AMBUS 100 FINAL EXAM
Jeremiah
Terms in this set (75)
If a business is to be successful in the long socially responsible
run, it must produce quality products,
operate efficiently, and be
In a socialist economic system, many people government
work in _____jobs.
The ____ is the price at which the number of equilibrium price
products that businesses are willing to
supply equals the number of products
consumers are willing to purchase at a point
in time.
When apple introduced the iPad the price of
and demand for net books and notebooks
were high. As a result,
Is the study of how resources are distributed Economics
for the production of goods and services
within a social system
protect shareholders, employees, and the public from accounting errors and financial
The Sarbanes-Oxley Act was passed to
fraud
Is the extent to which businesses meet the corporate citizenship
legal, ethical,economic and voluntary
responsibilities placed on them by their
stakeholders.
What is the act of an employee exposing an whistleblowing
employer's wrongdoing to outsiders?
Consumers vote against firms they view as buying the company's products.
socially irresponsible by not
Studies have found a direct link between profitability
social responsibility and_____ in business
A trade advantage with the best chance of a monopoly of a resource
surviving is one based on
When a country devalues its currency, this domestic goods to foreign countries
encourages the sale of its
A group of nations or companies that band cartel
together to act as a monopoly is known as a
Which of the following makes a short-term International Monetary Fund
loans to member countries with trade
deficits and provides foreign currencies to
member nations?
Why was the World Bank formed? To loan money to underdeveloped and developed countries
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Which of the following is not a source of selling stock or issuing bonds
funds for a sole proprietorship?
Which of the following is a disadvantage of a unlimited liability
partnership?
An important advantage of a corporation is limited liability
its
The organizational form that many consider limited liability company
to be a blend of the best characteristics of
corporations, partnerships, and sole
proprietorships is the
Big city financial is attempting to avoid a poison pill
hostile take over by a corporate raider by
allowing stockholders to buy more shares of
stock at prices lower than current market
value. Which of the following methods is
being used to avoid the takeover?
Has helped small businesses compete with technology
larger businesses.
Which of the following is a disadvantage of a high failure rate
small-business ownership?
Which of the following is not a common entrepreneurial vision
cause of small business failure?
A precise statement of the rationale for a business plan
business and a step-by-step explanation of
how it will achieve its goals is a
Persons or organizations that agreed to venture capitalists
provide some funds for a new business in
exchange for ownership interest or stock are
called
Management is a process designed to efficiently; effectively
achieve an organizations objectives are
using its resources _______ (accomplishing the
objectives within a minimum of resources)
and ______ (having the intended result)
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