Admn 400 - Study guides, Class notes & Summaries

What is a Business? - correct answer-an organization that provides goods and services to earn a profit What is a nonprofit? - correct answer-any profits generally put back into the organization, instead of going to owners/shareholders Examples of non-profit goals: - correct answer-- environmental preservation - Mental health - decreasing homelessness Roles of Business in Society (5) - correct answer-- employment -production of goods/services we want/need - innovation of new goods/servic...

ich of the following?3 - answerFocus group Management of Alright Airlines wanted to know why passengers were not selecting their flights, so they hired a company to make phone calls to former customers to find out why they switched to a different airline. What type of research did Alright Airlines conduct? - answerSurvey What is the BEST way for a company to gather information that it needs quickly? - answerSecondary data A retail store increases its hours of operation so that it is open f...

ADMN 400 - Final Exam questions and correct detailed answers |already graded a+

nternational Financial Reporting Standards (IFRS)A set of worldwide accounting rules and guidelines used by companies to prepare financial statements that can be compared with those of other countries. Sarbanes-Oxley Act (SOX)A federal law enacted to encourage ethical corporate behavior and discourage fraud and other wrongdoing. Account PayableRecord of cash owed to sellers from whom a business has purchased products on credit. Account ReceivableRecord of cash that will be received fr...

UNH ADMN 400 exam 1 questions and correct detailed answers |already graded a+

What are the 4 major categories included on the Income Statement? Revenues, Cost of Goods Sold (also, Cost of Revenues), Operating Expenses, Net Income From "The Case of Starbucks", describe how they failed to penetrate the foreign market according to two (2) of the four (4) components of the marketing mix. Product: Too big and sugary for local tastes Pricing: Too expensive Place: Too "available" Promotion: Impersonal distributio

What is a cultural reason why most employee incentives in the U.S. are based on performance? - correct answer-Americans tend to be individualistic. Why might it be a bad idea to play it safe and deposit money in a bank on a regular basis instead of investing? - correct answer-You can actually lose money with bank savings due to inflation and taxes. A portion of the ownership of a corporation is known as - correct answer-Stock To find a firm's profit or loss, one must - correct answer-subt...