BUSN115 final Questions

Subject: Business / General Business
Question
9. (TCO 2) The concerns in and around international ethics and social responsibility include _____. (Points : 5)

Revocation of government regulations tending to be weak

Fairness of requiring international suppliers to adhere to U.S. ethical standards being clear-cut

Ethical problems and issues of social responsibility that are unique to the United States

Working with organized labor on a set of common labor standards

U.S. businesses demanding socially responsible behavior from their international suppliers

Question 10. 10. (TCO 2) The change in U.S. business from manufacturing to knowledge-based technology has created new regulatory challenges for federal agencies. This means _____. (Points : 5)

The government’s resolve to pursue corporate income tax evasion cases has increased

Competition is a cornerstone of a knowledge-based economy.

Antitrust oversight has always been the rule.

The definition of competitive advantage has been limited

Antitrust issues will persist in the future.

Question 11. 11. (TCO 3) One advantage of offshore outsourcing is _____. (Points : 5)

Less strategic tasks can be sourced so that companies can focus on sales and marketing

Communication among company members, suppliers, and customers is problematic.

Outsourced work allows companies to create efficiencies that in fact let them fire more workers.

Consumers benefit from lower prices generated by effective use of global resources and developing nations.

Offshore outsourcing may reduce product quality and can therefore cause damage to a company’s reputation.

Question 12. 12. (TCO 3) Nations trade with other nations because _____. (Points : 5)

They can produce all the products their people want and need.

Buying and selling products is allowed by international treaty.

Sophisticated technology allows for the improved use of natural resources.

Buying and selling products is allowed by verbal contracts.

They are able to buy what is needed in a mutually beneficial exchange relationship.

Question 13. 13. (TCO 3) Currency valuation problems can be especially harsh on developing economies. At times, a nation’s government will intervene and readjust the value of its currency, often to increase the export potential of its products. What does this mean? (Points : 5)

Devaluation lowers the value of a nation’s currency relative to others.

Devaluation raises the value of a nation’s currency relative to others.

Due to a nation’s strong currency, the only way to trade is bartering.

Due to a nation’s strong economy, the only way to trade is through the International Monetary Fund

Countertrading is a simple form of bartering with good profit potential.

Question 14. 14. (TCO 4) In a general partnership all partners have… (Points : 5)

joint authority

individual authority

limited authority

limited liability

Question 15. 15. (TCO 4) Entrepreneurship has become the new way of doing business in our world. With economies in decline and organizations downsizing and the lack of opportunities that satisfy, entrepreneurship has been born. Entrepreneurship involves the following:

Brings in compelling ideas

Helps small businesses achieve more

Provides the platform for launching companies that grow to be quite large

All of the above contribute to entrepreneurship

1. (TCO 5) A process is used whereby the total market is divided into groups whose members have similar characteristics. The aim of this process is to break the market into smaller units. Sales generated from the Internet can provide an additional source of revenue to the firm using such a scenario. One dimension that should be considered given a case like this is: (Points : 5)
Dividing a market by cities, counties, states, or regions
Demographic aggregation
Ignoring a group’s values, attitudes, and interests
Employee segmentation
Employer segmentation
Question 2. 2. (TCO 4) Creative people are sometimes allowed to work within a corporation as entrepreneurs. The idea behind such an arrangement includes: (Points : 5)
Limiting a company’s financial liability
Downsizing recent new product lines
Limiting expenses within the division
Assisting with strategic planning
Using an organization’s existing resources
Question 3. 3. (TCO 5) Electronic wireless technology continues its move toward ubiquity. Such media inculcates: (Points : 5)
National market information
International market information
Client information
Company information
Competitor information
Question 4. 4. (TCO 5) Which one of the following is an advantage of using the Internet to market your state-licensed public accounting practice? (Points : 5)
Relatively expensive coverage
Coverage is global
Available only between certain hours
Highly interactive
Provide other information

Question 5. 5. (TCO 6) Which management function would consist of a manager focusing on developing strategies, forecasting future conditions and establishing goals and objectives for the company? (Points : 5)
Planning
Organizing
Leading
Controlling
Question 6. 6. (TCO 6) Imagine a world that is populated by 9 billion people. In order to maintain our current quality of life, such a world would require 2.3 planets worth of resources. In order to sustain the US way of life, businesses and the government must plan for 30-percent more people living across the globe. Most of those people will be in developing countries, and the demand will be great for energy, food, and health care. Your concern is that you and your production team have been asked by your leadership to create a scorecard to measure your firm’s efforts in sustainability. Your team’s scorecard would include: (Points : 5)
Electrical use
Non-Recyclables
Hazards
Greenhouse gases
Non-technology requirements
Question 7. 7. (TCO 6) The steps to Mining Group Gold include: (Points : 5)
Defining the behavioral parameters of a unique subset of cultures
Establishing a zone of proximal development
Setting expectations for reasonableness of the ideas presented
Establishing clear and concise expectations of factual information
Conducting a series of time-checks throughout the meeting
Question 8. 8. (TCO 7) One development that has changed production techniques is the integration of computers into the design and manufacturing of products. One process that this includes is: (Points : 5)
Process manufacturing
Intermittent process
Computer-aided design
Flexible manufacturing
Process flexible-aided design
Question 9. 9. (TCO 8) The Marketing Eras include: (Points : 5)
Customer relationship
Advertising
Aggregation
Disenfranchisement
Predestination

Question 10. 10. (TCO 9) Select a type of information that is available to businesses today: (Points : 5)
Psychological information
Consumer process information
Physical-world observations
Private information from the government
Exobiological information
Question 11. 11. (TCO 9) Businesses and individuals are bombarded on a minute-by-minute basis with alerts, information, messages and notifications. Sorting through this onslaught of information is challenging even under the best of circumstances. The usefulness of management information depends on: (Points : 5)
A manager’s ability to learn which questions to ask to get the answers they seek.
Sales and expense data that are a part of a pro-forma statement for the company.
E-Mail and texting as a secure mode of communicating to allow for enhanced order processing.
Sorting between the sources of information as to validity.
Using an e-mail program’s organizing tools to manage information efficiently.