GMS 200 Bundled Exam Questions and CORRECT Answers

Licensing Agreement Foreign firms pay a fee for rights to make or sell another company's products in a region Franchise Agreement an arrangement whereby someone with a good idea for a business sells the rights to use the business name and sell a product or service to others in a given terr...

Intellectual Capitalthe collective brain power or shared knowledge of a workforce Knowledge WorkersWorkers whose intelligence is a critical asset to employers Glass Ceiling Effectan invisible barrier limiting career advancement of minorities Globalizationthe world interdependence of resource flow...

GMS 200 Final UPDATED Exam Questions and CORRECT Answers social business innovation - Correct Answer- Using micro-credit lending to help create small enterprises and fight poverty. social entrepreneurship - Correct Answer- social entrepreneurs are individuals with innovative solutions to soc...

GMS 200 – Midterm UPDATED ACTUAL Questions and CORRECT Answers Ethics - CORRECT ANSWER- code of moral principles that set standards of conduct of what is good and right Organizations as open system - CORRECT ANSWER- composed or interrelated parts that function together Line Manager - CORR...

GMS 200 – Midterm ACTUAL Questions and CORRECT Answers Intellectual capital - CORRECT ANSWER- Collective brainpower of a workforce that can be used to create value Resource inputs - CORRECT ANSWER- People, money, materials, technology, information Transformation process - CORRECT ANSWER- ...

GMS 200 Final Exam UPDATED ACTUAL Questions and CORRECT Answers Intellectual Capital - CORRECT ANSWER- The shared knowledge of a workforce Globalization - CORRECT ANSWER- The tedency of businesses and technologies to spread throughout the world Shamrock 3 Leaves - CORRECT ANSWER- The 3 leaves...