Bu111 - Study guides, Class notes & Summaries

Technological Factors- example correct answers Totem Poles T - relation to other PEST factors correct answers P- online security laws E- increased productivity/GDP S- transportation has changed where we live 5 Industries Dramatically Changed by Tech correct answers MRPTT 1. Music 2. Retail 3. Publishing 4. Travel 5. Transportation Technology and the Automobile Industry correct answers Design and Testing -Used to have engineers, build parts, build prototypes and test the car -...

What are the elements of TECHNOLOGY? correct answers Internet, Information Technology (how they store, retrieve, send, receive, & analyze)... not limited to computers and information! How does technology impact the environment? correct answers Demands constant scanning, learning (Legacies/Compatibility are always a challenge) Give an example of an industry that has been influenced by shifts in technological factors correct answers Music, travel, transportation, publishing, retail, etc W...

what are the 6 critical success factors? FNQIEC correct answers achieving financial performance, meeting customer needs, building quality products and services, encouraging innovation and creativity, gaining employee commitment, creating a distinctive competitive advantage what are the porter's five forces? correct answers potential entrants, buyers, substitutes, suppliers, rivalry among existing firms what is the framework for diamond-e? correct answers management preferences, strategy, ...

What are the steps to record common stock?? Ans: Journal entry purchase long-term equipment What are the steps to record the payment of dividends? Ans: Bank deposit What are the steps to record the acquisition of the fixed asset for a note payable Ans: Journal entry process What are the steps to record acquisition of a fixed asset using a check? Ans: create fixed asset account equipment original cost accumulated depreciation what is an unadjusted trial balance Ans: before adj entries...

What are the three pillars of the Canadian Financial System? correct answers 1. Banks and Alternate Banks 2. Specialized Lending and Insurance Companies 3. Investment Dealers Why go with an investment dealer? correct answers Possible answer: If you are a larger corporation looking to go public to raise capital. i.e. Go on the stock exchange Why stick with a specialized lender? (2-3 reasons) correct answers 1. Don't want to release public information 2. Cant afford to lose your money...

What acronym can you use to evaluate the different factors you need to consider when deciding on a. form of ownership? correct answers CTRL S C: Control T: Taxes R: Risk Tolerance L : Liabilities S: Startup What acronym can you use to evaluate the different factors you need to consider on choosing a country to expand to? correct answers CARL PSD C: Competition A: Administrative Barriers R: Reachability of Customers L: Liability of Foreignness P: Population S: Spending D: Dista...

What are the rules for buying on margin? correct answers Qualify for margin account Hypothecation agreement (oledge collateral) Investors equity > minimum margin requirement How do you check if a margin call will occur? correct answers (CMV - loan) / CMV >= %Margin Requirement correct answers What is the riskiest strategy for entering a foreign market? correct answers Foreign subsidiary What is the priority of creditors? correct answers Debtholders (bond, banks, etc) Prefe...

Canadian Population correct answers 37.74 million life expectancy and median age correct answers life expectancy: 83 years; median age: 40.8 years average number of people per household correct answers 2.5 median household income correct answers 61400 Smartphone Penetration correct answers 86% people who did online shopping in canada correct answers 28.1 million people in Canada what percentage of canadians live in cities? correct answers 81% (in 6 cities) Toronto, Montreal, Ca...

List the 6 different entry strategies in Int'l business correct answers 1. Indirect Export 2. Sales Agent or Distributor 3. Licensing/Franchising 4. Alliances/Joint Ventures 5. Local Sales Office 6. Foreign Subsidiary What is the most costly entry strategy and why? correct answers Foreign subsidiary is the most costly because you have to setup a new plant in a different country What is Indirect Export? correct answers Indirect export is when you sell to an third party exporter, they ...

What are the elements of social factors? What do they affect? correct answers - Customs (halloween) - Habits (exercise, what we eat for breakfast) - Values/attitudes (education, elderly, climate change, govt. reflects these) - Demographic characteristics (income level of pop., # over 65, etc.) These factors affect customer preferences, worker attitudes and behaviour, standards of business conduct,and CSR (corporate social responsibility) What are standards of business conduct? correct a...