Busn 201 exam 1 - Study guides, Class notes & Summaries

BUSN 201 Exam 1 Questions and Answers All Correct What is a 360 degree feedback? - Answer-purpose is to ensure that employees (mostly managers) get feedback from all directions—from supervisors, reporting subordinates, coworkers, and even customers. What is upward feedback? - Answer-requires only the manager's subordinates to provide feedback. What is a labor union? - Answer-an organized group of workers that bargains with employers to improve its members' pay, job security, and work...

BUSN 201 Exam 1 Questions With Revised Answers As factors of production--equipment, buildings, vehicles, and cash are considered - answercapital a is any activity that provides goods or services to consumers for the purpose of making a profit - answerbusiness as a producer and seller of athletic shoes, apparel, and equipment, Nike sells - answergoods An unwritten rule and school/workplace ethics is - answertexting on cellphones during class and during meetings the primary value of a pro...

BUSN 201 Exam 3 Questions With Revised Answers As mentioned in the textbook, Jonathan Swift likened _____ to "cobwebs" because they seem to stretch in every direction to catch innocent flies while failing utterly to stop wasps and other creatures responsible for much greater crimes against human comfort. businesses laws- lawmakers bureaucracy - answerLaws In court, the _____ is the party filing the complaint, while the _____ is the party charged in the complaint. district attorney /...

BUSN 201 VCU Exam 1 Chapter 1 Study Guide Solutions business - ANSWER-the organized effort of individuals to produce and sell for a profit the goods and services that satisfy society's needs. free enterprise - ANSWER-the system of business in which individuals are free to decide what to produce how to produce it and at what price to sell it Interpersonal Skills - ANSWER-the ability to deal effectively with individual employess other managers within the firm and people outside the firm ...

BUSN 201 Exam 3 Questions and Answers As mentioned in the textbook, Jonathan Swift likened _____ to "cobwebs" because they seem to stretch in every direction to catch innocent flies while failing utterly to stop wasps and other creatures responsible for much greater crimes against human comfort. businesses laws- lawmakers bureaucracy☑️☑️ Laws In court, the _____ is the party filing the complaint, while the _____ is the party charged in the complaint. district attorney / crim...

business the organized effort of individuals to produce and sell for a profit the goods and services that satisfy society's needs. free enterprise the system of business in which individuals are free to decide what to produce how to produce it and at what price to sell it Interpersonal Skills the ability to deal effectively with individual employess other managers within the firm and people outside the firm Analystic Skills the ability to identify problems correctly generate ...

BUSN 201 Exam Questions With Revised Answers Chapter 1 Free Enterprise - answerThe system of business in which individuals are free to decide what to produce, how to produce, and at what price to sell it. Economics - answerThe study of how wealth is created and distributed Microeconomics - answerThe study of decisions made by individuals and businesses Macroeconomics - answerThe study of national economy and the global economy Capitalism - answerIndividuals own and operate the majority o...