Busn 201 - Study guides, Class notes & Summaries

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...

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 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...

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,...

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...

BUSN 201 Ch. 2 Questions With Revised Answers An offer may not be revoked before it is accepted. - answerfalse Under the mailbox rule, an acceptance becomes valid when it is dispatched. - answertrue An illusory promise is a promise that is enforceable without consideration. - answerfalse Mallory promises to buy illegal digital copies of movies from Nick, who promises to deliver on October 31. These promises are most likely - answervoid A covenant not to sue is against public policy. - ans...

ethical☑️☑️ ability and willingness to distinguish right from wrong when you're practicing one or the other business ethics☑️☑️ application of ethical behavior in a business context stakeholders☑️☑️ parties who are interested in the activities of a business because they're affected by them how do you recognize an ethical organization?☑️☑️ - treating employees, customers, investors, and the public fairly - making fairness a top priority - holding ever mem...

Responsible management (25)☑️☑️ assumes responsibility for the triple bottom line (sustainability), stakeholder value (responsibility), and moral dilemmas (ethics). Prime management (26)☑️☑️ refers to superior management practice leading to performance that, at the same time, is socially, environmentally, and economically sustainable. Responsible business (27)☑️☑️ assumes responsibility for the triple bottom line, stakeholder values, and moral dilemmas. Prime busine...

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 /...

Chapter 1 Free EnterpriseThe system of business in which individuals are free to decide what to produce, how to produce, and at what price to sell it. EconomicsThe study of how wealth is created and distributed MicroeconomicsThe study of decisions made by individuals and businesses MacroeconomicsThe study of national economy and the global economy CapitalismIndividuals own and operate the majority of businesses Command EconomyEconomic system in which the government decides what goods and ...