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Busn 115 Final Exam Answers

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    She considered forming a C corporation , but wants to have more flexibility about how the new business will be taxed. She also wants to offer investors limited liability. This type of trade restriction is called a n TCO 9 Technology can provide...

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    It is a timed exam worth points that you may enter only once. You have 3 hours, 30 minutes to complete the exam. It consists of 30 multiple choice questions worth 5 points each. There is one essay question worth 10 points and six essay questions...

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    The exam reflects the following course objectives and possible topics. TCO 1: Given a description of a typical business, demonstrate how that business acts within our economic system to achieve its goals as well as those of society, along with an understanding of how the future may impact these goals. TCO 2: Given the importance of ethics in business, be able to understand and address ethical dilemmas that may occur in workplace activities and offer suggestions to prevent their recurrence. Explain what illegal means. TCO 3: Given the need to increase profits through cost reductions, describe the use of globalization strategies to accomplish this initiative, along with a discussion of the pros and cons of this approach. TCO 4: Given understanding of entrepreneurship, be able to describe the major elements necessary for success, along with an understanding of the potential risks associated with starting a business venture.

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    TCO 6 Given the need to improve human resource performance, describe a managerial approach to teamwork, empowerment, and effective communication to accomplish this objective. TCO 7 Given a need to understand how products are produced, describe the work performed by various departments in the production of a good to a final customer. TCO 8 Given a need to understand the power of consumers, describe the role that Marketing can play to identify customer needs and desires that can be translated into better products. TCO 9 Given a need for timely and accurate data for decision-making, discuss the use of technology and ways in which the management of information can facilitate this goal. Describe and explain the changing role of businesses and business technology. A few general suggestions for taking the exam are as follows. Please save and save often as you complete your exam. Make sure your answer remains selected after you save as sometimes those dots do not fill in and stay selected.

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    Do not submit your exam until you are satisfied with your results. Make sure you have a clock close by to judge your time. The exam should indicate your remaining time left, and every 15 minutes, you will be prompted to save. Have your textbook, course assignments, quizzes, and notes readily in front of you before you enter the exam. The exam is comprehensive, so all the chapters we covered from the course are included. The multiple answer questions are similar to those you experienced in the quiz in Week 6.

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    TCO 7 Some of the characteristics of lean systems include which of the following? Which is the least expensive way to get water from places of abundance to places of need? TCO 8 If there is one thing that advertisers agree upon, it is the growing importance of social media in product promotion. Given this information TCO 1 You own a hardware store in the small town where you live. A big-box, multiline competitor has just opened. You see the following as your advantages of maintaining your market share and continued sales revenue. TCO 1 A technique that combines all the promotional tools into one comprehensive, unified promotional strategy includes which? TCO 4 Which of the following statements about the operation of a corporation is correct? TCO 2 A conscious plan that represents and encourages a unique set of values includes which?

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  • International Business Final Exam Questions And Answers

    TCO 2 Some regulation of business seems necessary to ensure fair and honest dealings with the public. The impact of this statement can best be explained by which of the following? TCO 4 One reason franchises have become so popular is that this arrangement provides the franchisee with: TCO 4 An examination of the reasons given by people willing to accept the risks of entrepreneurship indicates that: TCO 3 Strategies for reaching global markets include which? TCO 3 Nations rely on a number of key indicators to measure global trade. These include which? TCO 4 A limited liability company has which of the following advantages? TCO 5 In this digital age, setting up shop online is vital for most retail businesses. Now consumers have an array of smartphones and digital tablets that can get them online from anywhere. For social networks and retailers alike, the mobile market has already enjoyed tremendous growth.

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    TCO 5 Electronic wireless technology continues its move toward ubiquity. Such media inculcates which of the following? TCO 6 Which does a mission statement address? TCO 4 Sally Toone wants to start a new business, and hopes to attract several hundred investors to help finance its growth. She considered forming a C corporation, but wants to have more flexibility about how the new business will be taxed. She also wants to offer investors limited liability. This type of trade restriction is called a n TCO 9 Technology can provide significant increases in productivity and efficiency. However, less than stable technology-based systems can significantly impact businesses at the most inopportune times. Issues that are inadvertently and unexpectedly created in such instances include which?

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    TCO 9 Collaboration software allows multiple users to work on the same document at the same time. It also facilitates videoconferencing so that participants can see and hear each other regardless of where they are. The advantage of using such software is which? Select all that apply. TCO 3 Discuss the positive aspects of globalization, and contrast these with the negative aspects of globalization from the perspective of a small business. Be sure to address the pros and cons of outsourcing in your response TCO 2 Identify and discuss the social responsibilities of Home Depot to three different stakeholder groups.

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    The Midterm Exam is "open book, open notes. If you have not clicked the Submit For Grade button by then, you will be automatically exited from the exam. In the Midterm Exam environment, the Windows clipboard is disabled, so you will not be able to copy exam questions or answers to or from other applications. It is a timed exam worth points that you may enter only once. You have 3. It consists of 30 multiple choice questions worth 5 points each. There are 5 essay questions worth 20 points each. Be sure to save and save often while you are working on the exam, and submit the exam when you are finished. Since China and Canada have different economic systems, China is developing on a diversified ownership economy, while Canada is running its economy by pure capitalism. It is obvious two different education systems run in those two countries respectively. In practice, the market portfolio is often represented by: A.

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  • International Supply Chain Management (Post-Baccalaureate Diploma)

    Question TCO 9 Technology can provide significant increases in productivity and efficiency. However, less than stable technology-based systems can significantly impact businesses at the most inopportune times. Issues that are inadvertently and unexpectedly created in such instances include which? Overly complex software Loss of client and customer confidence Decrease in sales revenue Interruption of shipments Overly complex networking equipment Question TCO 9 Collaboration software allows multiple users to work on the same document at the same time. It also facilitates videoconferencing so that participants can see and hear each other regardless of where they are. The advantage of using such software is which? A single location for the information being edited and saved Multiple copies of the information so backups are not necessary The software being considered shareware and therefore not copyrighted The software being considered public domain software and free for the taking Multiple locations where the information is stored providing quick access Question TCO 9 Web 3.

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    It is known as the semantic web. It is known as the virtual world. It is known as the mobile web. It is known as the static web. It is known as the immersive Internet. TCO 10 The role of information technology has changed since the days when it was known as data processing. You have been hired as the new manager of the IT department for Megalopolis Corporation. Megalopolis Corporation manufactures and sells barbecue grills to the middle-upper end of the market.

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    Demand continues to be strong for all products. However, providing service both warranty and nonwarranty continues to be a challenge. In essence, having the right parts at the right place at the right time is not an easy task. Given this information, your set of must-do-first priorities includes which? Reviewing current operations in the IT department to determine processes that can be made more efficient. Exploring the possibilities of providing real-time manufacturing and shipping data to the expediters in the factory via handheld wireless devices. Reviewing the information that is gathered by the customer relations staff that might assist in improving existing customer relationships. Reviewing the ordering process both warranty and nonwarranty to streamline ordering and improve communications with suppliers and customers.

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    Exploring new markets through an improved online presence of the company. TCO 10 An accounting system includes which? Tax return information.

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