Busn 201 exam - 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 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 Exam 3 Questions and Answers All Correct Enterprise Resource Planning (ERP) - Answer-a suite of applications called modules, a database, and a set of inherent processes for consolidating business operations into a single, consistent, computing platform Artificial intelligence - Answer-a subdiscipline of computer science that attempts to simulate human thinking Paula Gordon just completed an important job interview as an applicant. She is home now. What should she do? - Answer-Se...

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...

BUSN 201 Exam 2 Questions With Revised Answers Ethical - answerability and willingness to distinguish right from wrong when you're practicing one or the other business ethics - answerapplication of ethical behavior in a business context stakeholders - answerparties who are interested in the activities of a business because they're affected by them how do you recognize an ethical organization? - answer- treating employees, customers, investors, and the public fairly - making fairness a...

BUSN 201 MIDTERM EXAM QUESTIONS AND ANSWERS ALL CORRECT Why is celebrity marketing effective? - Answer-Due to the subconscious association to the celebrity when purchasing said product. Define the use of locations/places within the scope of marketing. - Answer-Cities, states, or countries often compete for tourists, and therefore marketing said places attracts tourists. Ex: "what happens in Vegas stays in Vegas"=> marketing Vegas as an adult playground. Why is information on trend...

BUSN 201 Exam Questions With Revised Answers The majority of product ideas come from *Marketing consultants *small sized organizations and entrepreneurs *large organizations *medium-sized organizations - answerSmall sized organizations and entrepreneurs By making Christmas decorations available the day after Thanksgiving, Holly's Holiday Shop is offering customers what kind of utility? *place utility *Time utility *ownership utility *form utility - answerTime Utility When a Domino...

BUSN 201 Exam 3 Questions With Revised Answers As mentioned in the textbook, Jonathan Swift likened _____ to "cobwebs" because they seem to stretch in every direction to catch innocent flies while failing utterly to stop wasps and other creatures responsible for much greater crimes against human comfort. businesses laws- lawmakers bureaucracy - answerLaws In court, the _____ is the party filing the complaint, while the _____ is the party charged in the complaint. district attorney /...