Bus101 - Study guides, Class notes & Summaries
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Saylor Academy BUS101 Exam with 100% correct Answers
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Saylor Academy BUS101 Exam
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BUS101 Saylor Exam with correct Answers -Graded A
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BUS101 Saylor Exam with correct Answers
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Saylor Academy BUS101 Verified answers latest update
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Saylor Academy BUS101 Verified answers latest update
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BUS101-TEST QUESTIONS AND ANSWERS
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What is the difference between revenue and profit? - Answer- Revenue is total amount of money the business brings in during set period of time, while profit is (revenue - expenses) and the amount of money a business really made, not just brought in. 
 
What is risk? How does it relate to profit? - Answer- Risk is the dedicated time and money put towards a business where the profits are not secured, or the time and money an entrepreneur puts towards a business that may not be profitable. This rel...
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Saylor Academy BUS101 Final 2024 Study Guide
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Saylor Academy BUS101 Final 2024 Study GuideSaylor Academy BUS101 Final 2024 Study Guide
And that's how you make extra money
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BUS101 Saylor Exam with 100% Correct Answers
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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...
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Saylor Academy BUS101 UPDATED Exam Questions and CORRECT Answers
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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...
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Saylor Academy BUS101 Questions and Answers Graded A
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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...
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EGCC BUS101 Into to Business - Final Exam | 2024/25 | Graded at 100%
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EGCC BUS101 Into to Business - Final Exam | 2024/25 | Graded at 100%
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BUS100- chapter 6, Chapter 6, MGMT 1: Chapter 4, MGMT - Chapter 5 and 6, Understanding business 8th edition, Chapter 6, Chapter 6, BIO 101 MIDTERM, Study for Business 101 Midterm Exam
- Exam (elaborations) • 81 pages • 2023
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BUS100- chapter 6, Chapter 6, MGMT 1: Chapter 4, MGMT - Chapter 5 and 6, Understanding business 8th edition, Chapter 6, Chapter 6, BIO 101 MIDTERM, Study for Business 101 Midterm Exam
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