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BUS101 Saylor Exam with 100% Correct Answers Business contract theory - answera business is a community of participants organized around a common purpose. Contract theorists see the enterprise being run by employees and managers as a kind of representative democracy. Business as Property - answerThe owner can do whatever he wants Functional Authority - answerFor ex: The authority exerted by an HR manager as coordinator of personnel activities. where managers have formal power over a spec...

EGCC BUS101 Into to Business – Final UPDATED ACTUAL Exam Questions and CORRECT Answers t/f; Businesses engage in environmental protection activities to show their responsibility to their general public stakeholders. - CORRECT ANSWER- true t/f; The critical path method (CPM) is used to design, test, and modify new and existing products. - CORRECT ANSWER- false t/f; A tall organization structure has many managerial levels and a long chain of command. - CORRECT ANSWER- true

Management Information System (MIS) correct answers A computer system that provides managers with the information they need to perform their jobs as effectively as possible. Its objective is to distribute timely and useful information to the decision makers who need it. IT Officer or Chief Information Officer (CIO) correct answers A manager at the executive level who is responsible for ensuring that a firm has the equipment necessary to provide the information the firm's employees and manage...

Saylor Academy BUS101 Questions and Answers Graded A Social Benefit The total benefit to society from producing or consuming a good or service. Social benefit includes all the private benefits plus any external benefits of production / consumption. If a good has significant external benefits, then the social benefit will be greater than the private benefit. Contract Theory The belief that business is a community of participants organized around a common purpose. These participants have...

Saylor BUS103 2024 Exam Questions and Answers

The employees who are willing to step in where needed and perform new jobs are experiencing high self efficacy correct answer: true The employees who are blaming management for their problems are demonstrating an internal locus of control correct answer: false conducting a Myers-Briggs type indicator assessment would help identify whether employees have a high or low emotional intelligence correct answer: false The Myers-Briggs type indicator is divided into five assessment skills co...

Saylor Academy BUS101 UPDATED Exam Questions and CORRECT Answers Social Benefit - Correct ANSWER- The total benefit to society from producing or consuming a good or service. Social benefit includes all the private benefits plus any external benefits of production / consumption. If a good has significant external benefits, then the social benefit will be greater than the private benefit. Contract Theory - Correct ANSWER- The belief that business is a community of participants organize...

Saylor Academy BUS101 Questions and Answers Corporate Social Responsibility (CSR) The belief that sustainable financial returns are not possible without taking into account the aspirations and interests of other stakeholders such as customers, employees, society and the environment; highlights the fact that business, consumers and society are part of a shared ecosystem, and that the long-term health of this ecosystem must be maintained above all else. Innovation as a goal The belief ...

BUS101 Saylor Exam with correct Answers