Ba 101|108 Review Questions Midterm 3 Containing Answers|2024
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Course
Ba 101
Institution
Ba 101
A ______ value of the dollar means the dollar is trading for more foreign currency which leads to less expensive foreign goods. - ️️high
A ____________ requires a board of directors and a corporate structure. - ️️Corporation
A company focusing on the key activities it is best at and outso...
A ______ value of the dollar means the dollar is trading for more foreign currency which leads to less
expensive foreign goods. - ✔ ✔ high
A ____________ requires a board of directors and a corporate structure. - ✔ ✔ Corporation
A company focusing on the key activities it is best at and outsourcing the rest is described in the lecture
as a: - ✔ ✔ value chain
A(n) _______ is a tax levied on imports. - ✔ ✔ tariff
According to the Global Entrepreneurship Monitor (GEM) 2016 U.S Report, there is an estimate of how
many entrepreneurs in the United States? - ✔ ✔ 25 million
According to the Global Entrepreneurship Monitor (GEM), what percent of the U.S population is actively
involved in trying to start a new business? - ✔ ✔ 10%
According to the video, "How to Write a Business Plan", which section of the business plan is easiest to
write when you save it for last? - ✔ ✔ Executive Summary
According to the video, "The Ponzi Game", the Ponzi Schemes return __________ beats the market's
return. - ✔ ✔ always
According to the video, "What is Innovation?", Innovation is the ____________________. - ✔ ✔
Other dots, the dots that others miss .
All of the following are effects of the Dodd-Frank Wall Street Reform and Consumer Protection Act - ✔
✔ Comprehensive regulation of financial markets
Consumer protection reforms
Tightened regulation of Credit Rating Agencies
NOT: Higher taxes on all Fortune 500 corporation
All of the following are examples of companies who used deceiving marketing tactics that we learned
about - ✔ ✔ Dove
Vitamin Water
POM
, ______ represents the standards of moral behavior. Behaviors that are accepted by society as right
versus wrong. - ✔ ✔ ethics
_________ is when a firm provides the rights to manufacture its products or use its trademark to an
another firm. - ✔ ✔ Licensing
__________ corporations are organized in one country and operate in another. - ✔ ✔ Alien
__________ is the part of the contract that defines the amount that will be given for the legal purpose. -
✔ ✔ Consideration
___________ is a billionaire who donated $2.5 billion to philanthropy. - ✔ ✔ Bill Gates
____________ is a form of partnerships in which some partners may be subjected to limited liability. -
✔ ✔ Limited Partnership
____________ is a side effect or consequence of an industrial or commercial activity that affects other
parties without it being reflected in the cost of the goods or services involved. - ✔ ✔ Externality
____________ is the belief that ethics are culturally determined and that firms should adopt the ethics
of the cultures in which they operate. - ✔ ✔ Cultural relativism
_____________ is the presentation of the company's facts and figures in a way that is clear and
apparent to all stakeholders. - ✔ ✔ Transparency
_______________ are companies that own a variety of unrelated businesses. - ✔ ✔ Conglomerates
ex. Unilever
_______________ is the act of obtaining needed services, ideas, or content by soliciting contributions of
a large group of people, and especially from an online community, rather than traditional employees or
suppliers. - ✔ ✔ Crowdsourcing
______________________ corporations such as Patagonia aren't non-profit organizations but they
focus on addressing the triple bottom line or 3P - people, planet and profit. - ✔ ✔ B, Benefit, and
Social Purpose
NOT: Fasel
All of the following are part of the "How to Write a Business Plan" 5 top tips - ✔ ✔ Keep it brief
Be creative
Get rid of the fluff
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