UO BA101 324 Midterm End Of Sem Exam Questions Perfectly Answered|2024
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Course
UO BA101
Institution
UO BA101
What are examples of companies that monitor their international suppliers socially responsible behavior? - ️️-Sears
-PVH (Calvin Klein/Tommy Hilfiger)
-Dow Chemical
-McDonald's
What are examples of torts? (5) - ️️1. Assault
2. Slander
3. Libel
4. Product Liability
5. Fraud
What are...
What are examples of companies that monitor their international suppliers socially responsible
behavior? - ✔ ✔ -Sears
-PVH (Calvin Klein/Tommy Hilfiger)
-Dow Chemical
-McDonald's
What are examples of torts? (5) - ✔ ✔ 1. Assault
2. Slander
3. Libel
4. Product Liability
5. Fraud
What are some examples of trademarks? - ✔ ✔ -Aflac duck
-Disney's Mickey Mouse
-the Nike swoosh
-the Golden Arches of McDonald's
What are the 4 business entity options? - ✔ ✔ 1. Sole proprietorship
2. Partnership
3. Corporation
4. Limited Liability Company
What are the 4 functions of management? - ✔ ✔ 1. Planning
2. Organizing
3. Leading
4. Controlling
,What are the 4 P's included in the marketing mix? - ✔ ✔ 1. Product
2. Price
3. Promotion
4. Place
What are the 4 rights of capitalism? - ✔ ✔ 1. Right to own private property
2. Right to own a business and keep all that business's profits
3. Right to freedom of competition
4. Right to freedom of choice
A business that has a philanthropy program engages in this activity because - ✔ ✔ it wants to in
order to give back
A businesses concern for the welfare of society is called .... - ✔ ✔ corporate social responsibility
A contract is legally binding if what happens? - ✔ ✔ both parties give consideration
A disadvantage of an IPO is: - ✔ ✔ potential loss of control
A few examples of entrepreneurs: - ✔ ✔ -Kodak (Eastman)
-Avon (McConnell)
-Procter&Gamble
-Ford Motor Company (Ford)
-Facebook (Zuckerberg)
-Dell Inc. (Dell)
-Microsoft (Gates)
-Starbucks (Schultz)
-Twitter (Dorsey)
-YouTube (Hurley and Chen)
-Amazon (Bezo)
A potential negative impact of outsourcing would include: - ✔ ✔ a reduction of domestic jobs
, A purposeful unlawful act to deceive/ manipulate in order to damage another is specifically called - ✔
✔ fraud
A small bus. is considered "small" only in relationship to other businesses in its _________ - ✔ ✔
industry
A society gets into trouble when people consider only what is ______ and not what is _______. - ✔ ✔
illegal and not what is unethical
_________ ________ can make a huge difference to a companies profits. - ✔ ✔ mutual respect
___________ and ___________ are critical for entrepreneurs. - ✔ ✔ Location & capital
___________ is a technique of problem solving - ✔ ✔ brainstorming
___________ is the specific tool of entrepreneurs where they exploit change as an opportunity for a
different business or a different service - ✔ ✔ innovation
____________ & ____________ are helpful with businesses because they are quicker and less
expensive. - ✔ ✔ mediation and arbitration
_________/________-____ businesses are often better prepared to leap into the global market and
react quickly to opportunities better than large businesses - ✔ ✔ small/medium-sized
________/_____________ forces affect a companies ability to conduct global business - ✔ ✔
Physical/environmental forces
3 of the largest global logistics and transportation companies (Agility, UPS, and Maersk) working
together to support humanitarian efforts during large-scale natural disasters is an example of what
social performance in a company? - ✔ ✔ corporate social initiative
60% of home-based bus. are ______ - ✔ ✔ men
A ______ ____ forces potential small business owners to be specific about the products/services they
intend to offer - ✔ ✔ business plan
A business plan consists of: - ✔ ✔ -25-50 pgs long & takes 6 months to write
-cover letter: summarizes most attractive points of the project in as few words as possible (IMPT:
address letter to potential investor by name)
-Section 1- Executive Summary: 2-3 pg management summary of proposed venture, short description of
the business, and discusses major goals
-Section 2- Company Background: describes the company opportunities to date, potential legal
considerations, & areas of risk/opportunity
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