Busn 201 Study guides, Class notes & Summaries

BUSN 201 Exam 2 with All Correct Answers what will get your through your inventions - Answer-- its new - its not obvious - it has a utility operations management - Answer-management of the process that transforms resources into products job for operations manager - Answer-- production planning - production control - quality control production planning - Answer-managers determine how goods will be produced, where production will take place, and how manufacturing facilities will be ...

BUSN 201 EXAM QUESTIONS WITH ALL CORRECT ANSWERS Which of the following best defines balance of trade? - Answer-The total value of a nation's exports minus the total value of its imports over some period of time. The ability to produce a specific product more efficiently than any other nation is called a comparative advantage? - Answer-False The selling and shipping of raw materials or products to other nations is called? - Answer-Exporting where exports exceed imports - Answer-Tra...

BUSN 201 Exam 1 Questions and Answers All Correct What is a 360 degree feedback? - Answer-purpose is to ensure that employees (mostly managers) get feedback from all directions—from supervisors, reporting subordinates, coworkers, and even customers. What is upward feedback? - Answer-requires only the manager's subordinates to provide feedback. What is a labor union? - Answer-an organized group of workers that bargains with employers to improve its members' pay, job security, and work...

BUSN 201 QUIZ QUESTIONS WITH ALL CORRECT ANSWERS What is the first step in the production process? Determining the quantity of products the company will produce. Deciding which type of production process is best for your company. Picking a location for your company. Determining how the company can produce high quality products at a low cost. - Answer-Deciding which type of production process is best for your company. When choosing a location for an online Links to an external site c...

BUSN 201 Test Questions with Complete Solutions Creating responsible supply chains within SMEs: - Answer-1. Understanding of business principles. 2. The champion and low-hanging fruit. 3. Integration and challenges. 4. Business benefits. Understanding of business principles - Answer-The management must understand what responsible management is and how it can operate responsibly. This will be based on the organization's core values and then putting them into action. The champion and...

BUSN 201 Midterm Test Questions and Answers All Correct business plan - Answer-1. know your customer 2. know why you will win 3. know how you will win 4. know what it will take to win 5. demonstrate why others should believe in you Franchising - Answer-selling to a foreign organization the rights to use a brand name and operating know-how in return for a lump-sum payment and a share of the profits Franchise Advantages - Answer-brand recognition pre-launch purchasing power mark...

BUSN 201 Exam 3 Questions with Correct Answers Which of the following is not one of the four primary functions of management? Organizing directing budgeting- planning - Answer-budgeting- A firm's _____ system consists of the combination of technologies, procedures, and people who collect and distribute the information needed to make decisions and coordinate and control company wide activities. management information system decision support system data flow system infor...

BUSN 201 TEST WITH COMPLETE SOLUTIONS ALL CORRECT Social innovation - Answer-The entrepreneur is the hero invents new concepts such as micro loans Value proposition and social mission - Answer-Creating social value is the core of achieving a social mission Socialized ownership and control - Answer-Democratic frameworks encourages reciprocity between all members Business responsibility - Answer-Voluntarily assuming accountability for social, environmental and economic stakeholder iss...

BUSN 201 Study Guide Questions and Answers All Correct What are the three major forms of business ownership? - Answer-Sole proprietorship, partnership, and corporation. What is a detailed written statement that describes the nature of the business, the target market, the advantages the business will have in relation to competition, and the resources and qualifications of the owner(s)? - Answer-A Business Plan What is the difference between centralized and decentralized authority? - Ans...

BUSN 201 Midterm A Exam Questions and Answers All Correct When deciding to engage in corporate social responsibility, a key factor when selecting activities is - Answer-how the social activity relates to the business activities of the corporation. In the IDDR approach to making ethical decisions, the first "D" stands for what? - Answer-Discussion Via the Internet, Britta enters false code into the computer control system of Chicken Company, a food maker, to alter the levels of ingredie...