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Business 101 Midterm #3.
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Business 101 Midterm #3.
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Business 101 Midterm #350% of all corporations are incorporated in California. - ANS-False
A blank is is a hybrid of a quota and a tariff which imposes lower tariffs within the quota
and higher tariffs over the quota. - ANS-Tariff rate quota
A blank is is a regional group of countries with a common external tariff, no internal
tariffs, and coordinated laws to facilitate exchanges among members. - ANS-Common
Market
According to the Global Entrepreneurship Monitor (GEM), what percent of the U.S
population is actively involved in trying to start a new business? - ANS-10%
According to the survey from the video, what percent of adults in the U.S have
considered starting their own businesses? - ANS-72%
According to the video by Adam Ruins Everything, McDonalds coffee had burned how
many customers in the decade prior to the court case? - ANS-More than 700
According to the video, "How to Write a Business Plan", when writing a business plan,
how many different sections should there be to it? - ANS-6
According to the video, "The Ponzi Game", the Ponzi Schemes return Blank beats the
market's return. - ANS-always
All of the following are effects of the Dodd-Frank Wall Street Reform and Consumer
Protection Act, EXCEPT - ANS-Higher taxes on all Fortune 500 corporations
All of the following are Entrepreneurial Trends except - ANS-All of the above are
Entrepreneurial Trends
Technological Advancements
International opportunities
Entrepreneurs as Heroes
Independent Lifestyles
All of the following are examples of corporate initiatives we learned about, EXCEPT -
ANS-Facebook Recycling Program
, All of the following are examples of primary meaning of the genericized trademark
becoming the product or service itself, except - ANS-Gatorade
All of the following are included in the three levels of ethical standards, EXCEPT -
ANS-Doing unto others as you would want done unto you
All of the following are part of the Financial Feasibility Analysis except - ANS-Acid Test
Ratio
All of the following are ways to avoid the pitfalls of failure except - ANS-Copy exactly
other successful businesses
All of the following clothing companies came under scrutiny for an unethical supply
chain, EXCEPT - ANS-Patagonia
Blank corporations such as Patagonia aren't non-profit organizations but they focus on
addressing the triple bottom line or 3P - people, planet and profit. - ANS-B, Benefit, and
Social Purpose
Blank is a form of partnerships in which some partners may be subjected to limited
liability. - ANS-Limited Partnership
Blank is considered a disadvantage of a partnership because it exposes all other
partners to a risk of poor business decisions by a single partner. - ANS-Mutual agency
Blank is the belief that ethics are culturally determined and that firms should adopt the
ethics of the cultures in which they operate. - ANS-Cultural relativism
Blank is the notion that, blame for unethical behavior rests with a few unsavory
individuals. - ANS-Bad Apple
Blank is the process of influencing and inspiring others to work to achieve a common
goal and then giving them the power and the freedom to achieve it. - ANS-Leadership
Blank is when parties agree to resolve a dispute through a third party and the outcome
can be binding or non-binding. - ANS-Arbitration
Blank leaders make managerial decisions without consulting others. - ANS-Autocratic
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