Straighterline Business
BUS 101 Straighterline Intro to Business
Exam
Course Title and Number: BUS 101 Straighterline
Intro to Business Exam
Exam Title: BUS 101 Straighterline Intro to Business Exam
Exam Date: Exam 2024- 2025
Instructor: [Insert Instructor’s Name]
Student Name: [Insert Student’s Name]
Student ID: [Insert Student ID]
Examination
180 minutes
Instructions:
1. Read each question carefully.
2. Answer all questions.
3. Use the provided answer sheet to mark your responses.
4. Ensure all answers are final before submitting the exam.
5. Please answer each question below and click Submit when you
have completed the Exam.
6. This test has a time limit, The test will save and submit
automatically when the time expires
7. This is Exam which will assess your knowledge on the course
Learning Resources.
Good Luck!
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, Straighterline Business 2025-2025
Straighterline Business BUS 201 Exam 2 Review
Questions with Verified Solutions | 100% Pass
Guaranteed | Graded A+ |
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
Utilitarianism is centered around the idea that
Select one:
a. ethical ideas depend on kyosei and human dignity.
b. an ethical system should define acceptable behavior
as that which maximizes consequences for the
individual.
c. an ethical system with no rules will help bring out the
best in people.
d. ethical behavior should be based on the opinions and
behaviors of relevant other people.
e. the greatest good for the greatest number should be
the overriding concern of decision makers. - Answer>>
the greatest good for the greatest number should be
the overriding concern of decision makers
Advocates of corporate social responsibility argue that
Select one:
a. organizations ought to be profit seeking and that
when they concentrate on this motive, they will benefit
society.
b. organizations' only responsibilities are clearly
defined by the laws and regulations imposed upon
them.
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,c. organizations' responsibilities are to attempt to
satisfy all relevant stakeholders' interests.
d. it is unethical for unelected business leaders to
spend shareholders' money on projects unconnected to
key business interests.
e. organizations have a wider range of responsibilities
that extend beyond the production of goods and
services at a profit. - Answer>> organizations have a
wider range of responsibilities that extend beyond the
production of goods and services at a profit.
Scenario C: Aparna and Eli, managers from different
departments at Greater Midwest Credit Union, are
discussing the troubling behavior of a credit union
employee. Aparna says that it is the responsibility of
high-level managers to take steps to prevent legal
wrongdoing by punishing offenders. However, Eli
believes that every individual should take personal
responsibility for his or her own behavior and that
everyone needs to understand how to do the right
thing.
In Scenario C, each of the managers tends to be
responsible for creating a different _____ in their
respective departments.
Select one:
a. legal responsibility
b. ethical climate
c. sustainable growth
d. organizational structure
e. corporate culture - Answer>> ethical climate
the money a customer must pay for a product or
service - Answer>> price
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, the price paid by customers for the product - Answer>>
selling price
all the expenses of operating a business that are
associated with the products - Answer>> operating
expense
the costs to the manufacturer of producing the product
or price paid by other business to buy the product -
Answer>> product cost
the amount of money available to the business after all
costs and expenses have been paid - Answer>> profit
the difference between the selling price and the
product costs - Answer>> gross margin
the amount added to the cost of the product to set the
selling price - Answer>> Mark-up
a reduction from the original selling price - Answer>>
markdown
involves determining the best methods and procedures
to use so the customers can find, obtain, and use a
product or a service. The location and methods used to
make a product or service available to the arget market
.an element of the marketing mix - Answer>>
Distribution
the route a product follows and the businesses involved
in moving a product from the producer to the final
consumer - Answer>> channel of distribution
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