Busn 201 exam - Study guides, Class notes & Summaries
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Busn 201 Exam 2 Questions With Revised Answers
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©THEBRIGHTSTARS 2024 
3) First-line manager - a manager who coordinates 
and supervises the activities of operating employees. First-line managers spend 
most of their time working with and motivating 
their employees, answering questions, and solving day-to-day problems. 
6. Key skills of successful managers - answer1) Conceptual skills - the ability to think in 
abstract terms 
2) Analytic skills - the ability to identify problems correctly, generate reasonable alternatives, 
and select the ...
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BUSN 201 Exam Study Guide.
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©THEBRIGHTSTARS 2024 
BUSN 201 Exam Study Guide. 
Sustainability - answerRelated to the triple bottom line; threatens the survival or current and 
future generations 
Responsibility - answerNature of relationships between stakeholders 
Ethics - answerDecision making in ethical dilemmas 
Milton Friedman - answerA corporation's sole obligation is to maximize wealth to its 
shareholders and has no responsibility or capability to address societies interests 
Sustainability - answerMeets the needs ...
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BUSN 201 Exam Questions With Revised Answers
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BUSN 201 Exam Questions With Revised 
Answers 
What makes Canada a competitive and resilient economy? - answer1. productivity gains 
2. Strong business investment 
3. Technological innovation 
4. Moderate wage increases 
5. Favorable currency exchange rate 
G7/8 - answerCanada, USA, UK, Italy, Japan, France, Germany 
Foreign Direct Investment (FDI) - answer· In 2022, FDI into Canada totaled $726 billion 
· Largest trading partner = USA 
· Both Asia/Oceania are active investors in Canada 
3 Fu...
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BUSN 201 Exam 1 Questions With Revised Answers
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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...
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BUSN 201 Exam 3 Questions With Revised Answers
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BUSN 201 Exam 3 Questions With Revised 
Answers 
Mission statement - answera formal summary of the aims and values of a company, 
organization, or individual 
Core Values - answera. are the fundamental beliefs of a person or organization 
b. also help companies to determine if they are on the right path and fulfilling their goals by 
creating an unwavering guide. 
Which of the following is not one of the four primary functions of management? - 
answerBudgeting 
_________ planning means identifyi...
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BUSN 201 MIDTERM EXAM PREP ALREADY
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BUSN 201 MIDTERM EXAM PREP 
ALREADY
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BUSN 201 Midterm Exam Questions With Revised Answers
- Exam (elaborations) • 9 pages • 2024
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BUSN 201 Midterm Exam Questions With 
Revised Answers 
Business Entity - answerCommercial endeavours 
Organizational culture and formalized decision-making structure 
Employee interaction 
Company-centric side - answer"the business system" which reflects the underlying 
mechanics as to how the business is structured. 
key partners (backward and forward relationships) 
key resources (assets, labour, capital, and management acumen) 
market-centric side - answerHow the business is connected to th...
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Busn 201 Final Exam Questions With Revised Answers
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Busn 201 Final Exam Questions With 
Revised Answers 
Responsible management (25) - answerassumes responsibility for the triple bottom line 
(sustainability), stakeholder value (responsibility), and moral dilemmas (ethics). 
Prime management (26) - answerrefers to superior management practice leading to 
performance that, at the same time, is socially, environmentally, and economically sustainable. 
Responsible business (27) - answerassumes responsibility for the triple bottom line, 
stakeholder ...
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BUSN 201 Midterm A Exam Questions With Correct Answers
- Exam (elaborations) • 4 pages • 2024
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BUSN 201 Midterm A Exam Questions With 
Correct Answers 
Are right or wrong. - answerBusiness ethics looks at whether business decisions 
F - answerIf the owners of a certain grade of wheat stored in a single silo hold title as tenants 
in common, a seller-owner can pass title to a buyer only by separating the goods. 
! F - answerTo the extent that it has not been modified by the UCC, the common law of 
contracts applies to sales contracts. 
phishing - answerPosing as eBank, Frank e-mails Grace,...
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BUSN 201 Midterm A Exam Questions With Revised Answers
- Exam (elaborations) • 4 pages • 2024
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BUSN 201 Midterm A Exam Questions With 
Revised Answers 
Business ethics looks at whether business decisions - answerare right or wrong. 
If the owners of a certain grade of wheat stored in a single silo hold title as tenants in common, a 
seller-owner can pass title to a buyer only by separating the goods. - answerF 
To the extent that it has not been modified by the UCC, the common law of contracts applies to 
sales contracts. - answer! F 
Posing as eBank, Frank e-mails Grace, asking her to up...
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