Busi - Study guides, Class notes & Summaries

BUSI 301 Liberty University -BUSI 301 Exam 2 correctly answered_____ is typically accomplished by attaching some event, known as a(n) ______ that must occur before a particular performance obligation is triggered. - correct answer Risk Allocation; Condition A(n) ______ means that an event that must occur before performance under a contract is due. - correct answer Condition Precedent If the elements of contract formation are satisfied, the contract must still:______. - correct answer be i...

BUSI 22 Chapter 13&14 QuizBUSI 22 Chapter 14 Quiz TV programs that are devoted exclusively to promoting a product or service are known as _________. A. product placements B. sales promotions C. testimonials D. infomercials E. public relations - correct answer D. infomercials Laura works for a large pharmaceutical company. She regularly calls on physicians to discuss her company's products with them, leave product samples, and encourage the physicians to prescribe the medicati...

Liberty University-BUSI 301-BUSI LAW- FINAL Ch. 14-17 fully solvedPrincipals - correct answer Owners Busi Entity When choosing a business entity, what 5 things should be considered? What starts a business - correct answer Formation Liability Cap Tax Mangagment/ Operation Sole Proprietorship - correct answer Easy formation Minimal fee No annual fillings straight forward filing CAP- loan secured by personal assets trade name vs. individual names con- lack of protection What i...

BUSI 490 IntensiveWhat is the current ratio? - correct answer current assets/current liabilities What is the quick (acid test) ratio? - correct answer current assets - inventory/current liabilities What is the total debt ratio? - correct answer (total assets - total equity)/total assets What is the times interest earned ratio? - correct answer EBIT/interest expense What is the inventory turnover ratio? - correct answer cost of goods sold/average inventory What is day's sales in i...

BUSI 300 - TEST 1. QUESTIONS & ANSWERS.

BUSI 490 CAPSTONE FINAL EXAM ANNUAL OBJECTIVES - correct answer Short-term milestones, usually one year, that organizations must achieve to reach long-term targets/goals. COMPETITIVE ADVANTAGE - correct answer Anything a firm does especially well, compared to rival firms. For example, when a firm can do something that rival firms cannot do, or owns something that rival firms desire, that can represent a competitive advantage. EMPOWERMENT - correct answer The act of strengthening employees...

Busi 301 Week 3Agency is a legal relationship in which the parties agree, in some form, that one party will act as an ----- for another party, called the -----, subject to the control of the principal - correct answer agent principal Agents can be classified into any of the following broad categories except: ______. - correct answer principal-agents The nonagent employee relationship is referred to as the ----- - correct answer master-servant relationship. In most employer-employee age...

Liberty University-BUSI 301-BUSI LAW- FINAL Ch. 14-17 fully solved graded A+Principals - correct answer Owners Busi Entity When choosing a business entity, what 5 things should be considered? What starts a business - correct answer Formation Liability Cap Tax Mangagment/ Operation Sole Proprietorship - correct answer Easy formation Minimal fee No annual fillings straight forward filing CAP- loan secured by personal assets trade name vs. individual names con- lack of protection...

BUSI 22 Chapter 1-8 Test, chapter 22 business test

BUSI 490: Capstone Liberty UniversityStrategic Management - correct answer The art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives strategy formulation - correct answer -developing a vision and mission -identifying an organization's external opportunities and threats -determining internal strengths and weaknesses -establishing long-term objectives -generating alternative strategies -choosing partic...