Busn 201 exam 3 - Study guides, Class notes & Summaries

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 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 /...

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 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 With Revised Answers Business Entity - answerCommercial endeavours Organizational culture and formalized decision-making structure Employee interaction Company-centric side - answer"the business system" which reflects the underlying mechanics as to how the business is structured. key partners (backward and forward relationships) key resources (assets, labour, capital, and management acumen) market-centric side - answerHow the business is connected to th...

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 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 Exam 3 Questions and 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☑️☑️ Laws In court, the _____ is the party filing the complaint, while the _____ is the party charged in the complaint. district attorney / crim...

Mission statement☑️☑️ a formal summary of the aims and values of a company, organization, or individual Core Values☑️☑️ a. 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?☑️☑️ Budgeting _________ planning means identifying those aspects of a business that ar...