Bus101 - Study guides, Class notes & Summaries

Saylor Academy BUS101 UPDATED Exam Questions and CORRECT Answers Social Benefit - Correct ANSWER- The total benefit to society from producing or consuming a good or service. Social benefit includes all the private benefits plus any external benefits of production / consumption. If a good has significant external benefits, then the social benefit will be greater than the private benefit. Contract Theory - Correct ANSWER- The belief that business is a community of participants organize...

BUS101 Saylor Exam with 100% Correct Answers Business contract theory - answera business is a community of participants organized around a common purpose. Contract theorists see the enterprise being run by employees and managers as a kind of representative democracy. Business as Property - answerThe owner can do whatever he wants Functional Authority - answerFor ex: The authority exerted by an HR manager as coordinator of personnel activities. where managers have formal power over a spec...

Saylor Academy BUS101 Final 2024 Study GuideSaylor Academy BUS101 Final 2024 Study Guide

BUS101 Saylor Exam with 100% Correct Answers Business contract theory - answera business is a community of participants organized around a common purpose. Contract theorists see the enterprise being run by employees and managers as a kind of representative democracy. Business as Property - answerThe owner can do whatever he wants Functional Authority - answerFor ex: The authority exerted by an HR manager as coordinator of personnel activities. where managers have formal power over a spec...

BUS101 Saylor Exam with correct Answers

BUS101 Saylor Exam with correct Answers

Saylor Academy BUS101 Exam

Saylor Academy BUS101 Questions and Answers Corporate Social Responsibility (CSR) The belief that sustainable financial returns are not possible without taking into account the aspirations and interests of other stakeholders such as customers, employees, society and the environment; highlights the fact that business, consumers and society are part of a shared ecosystem, and that the long-term health of this ecosystem must be maintained above all else. Innovation as a goal The belief ...

EGCC - BUS101 Intro to Business - Ch. 7-8 – Quiz well answered already passed

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