Busn 201 - Study guides, Class notes & Summaries

©THEBRIGHTSTARS 2024 BUSN 201 Exam Study Guide. Sustainability - answerRelated to the triple bottom line; threatens the survival or current and future generations Responsibility - answerNature of relationships between stakeholders Ethics - answerDecision making in ethical dilemmas Milton Friedman - answerA corporation's sole obligation is to maximize wealth to its shareholders and has no responsibility or capability to address societies interests Sustainability - answerMeets the needs ...

BUSN 201 Exam Questions With Revised Answers What makes Canada a competitive and resilient economy? - answer1. productivity gains 2. Strong business investment 3. Technological innovation 4. Moderate wage increases 5. Favorable currency exchange rate G7/8 - answerCanada, USA, UK, Italy, Japan, France, Germany Foreign Direct Investment (FDI) - answer· In 2022, FDI into Canada totaled $726 billion · Largest trading partner = USA · Both Asia/Oceania are active investors in Canada 3 Fu...

BUSN 201 Exam 1 Questions With Revised Answers As factors of production--equipment, buildings, vehicles, and cash are considered - answercapital a is any activity that provides goods or services to consumers for the purpose of making a profit - answerbusiness as a producer and seller of athletic shoes, apparel, and equipment, Nike sells - answergoods An unwritten rule and school/workplace ethics is - answertexting on cellphones during class and during meetings the primary value of a pro...

BUSN 201 MIDTERM EXAM PREP ALREADY

BUSN 201 Exam 3 Questions With Revised Answers Mission statement - answera formal summary of the aims and values of a company, organization, or individual Core Values - answera. are the fundamental beliefs of a person or organization b. also help companies to determine if they are on the right path and fulfilling their goals by creating an unwavering guide. Which of the following is not one of the four primary functions of management? - answerBudgeting _________ planning means identifyi...

BUSN 201 MIDTERM Exam Questions With Revised Answers Define internal risk. Provide an example. - answerFailure of the business. Ex: Bankruptcy Define external risk. Provide an example. - answerThe negative externalities when a business fails. Ex: employees or lenders not being paid, possibility of being sued. The four factors of production are: - answerNatural rescources, labor, capital, and entrepreneurial ability. Define productivity - answerthe quantity of goods and services produced f...

BUSN 201 Midterm A Exam Questions With Correct Answers Are right or wrong. - answerBusiness ethics looks at whether business decisions F - answerIf the owners of a certain grade of wheat stored in a single silo hold title as tenants in common, a seller-owner can pass title to a buyer only by separating the goods. ! F - answerTo the extent that it has not been modified by the UCC, the common law of contracts applies to sales contracts. phishing - answerPosing as eBank, Frank e-mails Grace,...

BUSN 201 Midterm A Exam Questions With Revised Answers Business ethics looks at whether business decisions - answerare right or wrong. If the owners of a certain grade of wheat stored in a single silo hold title as tenants in common, a seller-owner can pass title to a buyer only by separating the goods. - answerF To the extent that it has not been modified by the UCC, the common law of contracts applies to sales contracts. - answer! F Posing as eBank, Frank e-mails Grace, asking her to up...

BUSN 201 Ch. 2 Questions With Revised Answers An offer may not be revoked before it is accepted. - answerfalse Under the mailbox rule, an acceptance becomes valid when it is dispatched. - answertrue An illusory promise is a promise that is enforceable without consideration. - answerfalse Mallory promises to buy illegal digital copies of movies from Nick, who promises to deliver on October 31. These promises are most likely - answervoid A covenant not to sue is against public policy. - ans...

BUSN 201 VCU Exam 1 Chapter 1 Study Guide Solutions business - ANSWER-the organized effort of individuals to produce and sell for a profit the goods and services that satisfy society's needs. free enterprise - ANSWER-the system of business in which individuals are free to decide what to produce how to produce it and at what price to sell it Interpersonal Skills - ANSWER-the ability to deal effectively with individual employess other managers within the firm and people outside the firm ...