Bus 101 - Study guides, Class notes & Summaries

BUS 101 Final Exam - Questions and Answers An example of nonstore retailing is the vending machine from which you purchased a soda. True Enlightened firms are realizing that empowerment puts too much stress on employees and are eliminating empowerment programs. False Verna Knight is doing observation research when he asks people to describe how to fold sheets, towels, and pillowcases. False Venture capitalists provide a source of debt financing and usually charge high interest for loans becaus...

bus 101 exam 1 questions & answers 2024/2025 Business - ANSWERSorganizations that provide goods or services that are then sold to earn profits Profits - ANSWERSthe different between a business a business revenues and its expenses external environment - ANSWERSconsist of everything outside an organization's boundaries that might affect it economic environment - ANSWERSrefers to relevant conditions that exist in the economic system in which a company operates Economic system - AN...

BUS 101 Exam #1 - Chapters 1-5 -Solved 100% Correct

BUS 1101 Quiz 1 Questions and Answers 100% Correct; University of the People BUS 1101 Graded Quiz (1)

BUS 101 Chapter 1 Questions And Answers Latest Update

The difference between a business's revenues and its expenses is known as _______. correct answersprofit or loss A business is usually defined as an organization that produces and sells goods and services in order to make a profit for the owners. Profit represents __________. correct answersthe reward for risking money and time Government regulations are part of the __________. correct answerspolitical-legal environment The ________ environment of a company includes the various ways it...

Bus 101 Exam 1 Questions And Answers Latest Update

BUS 101 Quiz 5 - Questions and Answers _____ is the gap between what is and what is desired, and _____ is the gap between what is and what is required. A want; A need Process layout is almost always designed as a continuous, assembly-line layout. False Operations management refers to the role that computers play in the production process. False Elton Mayo, America's first industrial psychologist, was responsible for formulating: the explanation of the Hawthorne effect The original Hawthorne s...

BUS 101 Quiz 2 - Questions and Answers According to the principle of absolute advantage, each country should specialize in the products that it can produce most readily and cheaply and trade those products for products that foreign countries can produce most readily and cheaply. False Canadian logging companies sell timber in the United States. To the U.S., the timber is a(n)_____, and for Canadians, the timber is a(n) _____. Import; Export The sole proprietorship is considered a legal entity;...

BUS 101 Quiz 1 - Questions and Answers Summer Dean was walking through the mall and found a gym bag lying on the ground. The decision Dean must make as to whether to keep the gym bag and its contents for herself or turn it into the mall's lost and found department involves: Ethics The most basic responsibility of all businesses is its economic responsibility True A business is an organization that strives for a profit by providing goods and services desired by its customers. True Social respo...