Busn 201 midterm - Study guides, Class notes & Summaries

Define internal risk. Provide an example.Failure of the business. Ex: Bankruptcy Define external risk. Provide an example.The negative externalities when a business fails. Ex: employees or lenders not being paid, possibility of being sued. The four factors of production are:Natural rescources, labor, capital, and entrepreneurial ability. Define productivitythe quantity of goods and services produced from each unit of labor input. Often classified in (G/S) produced/ hour Define deflationPe...

Business ethics looks at whether business decisions☑️☑️ are 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.☑️☑️ F To the extent that it has not been modified by the UCC, the common law of contracts applies to sales contracts.☑️☑️ ! F Posing as eBank, Frank e-mails Grace, asking her to update her credit-card information through a l...

BUSN100 Midterm Exam (APUS) Question 1 of 10: In your own words explain, are entrepreneurs born or made? Question 2 of 10: In your own words, what is a venture capitalist? Question 3 of 10: In your own words, explain three of the nine building blocks for managers to use in developing an innovative...