Sevi 2053 Study guides, Class notes & Summaries

SEVI 2053 Final Exam Review UPDATED Exam Questions and CORRECT Answers Diego's is a Mexican restaurant that has a booth at the local farmer's market each Saturday selling Mexican food to customers. The owner runs the booth because he enjoys interacting with customers. When a customer asks for items not on the menu and he does not have them in his booth, the owner takes the order for the following Saturday and has it available for the customer at that time. Diego's is creating a mod...

SEVI 2053 Final Exam Review (2023/2024) Already Graded A A compensation system under which employees are paid a certain amount for each unit of output they produce is known as: a. the Hawthorne effect. b. Theory Y. c. piece-rate system. d. motivation-hygiene theory. e. Theory Z. c Which statement best describes Elton Mayo's conclusions from the Hawthorne Studies? a. Some middle ground between type A and type J practices is best for American business. b. Employees dislike work and will f...

SEVI 2053 FINAL UPDATED Exam Questions and CORRECT Answers Marketing - Correct Answer- the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large Utility - Correct Answer- The ability of a good or service to satisfy a human need Form Utility (making inputs into products) Place Utility ( making product available at location buyer wishes to purchase it) Time Ut...

SEVI 2053 UPDATED Exam Questions and CORRECT Answers Which of the following is not one of the fundamental assumptions of Adam Smith's capitalism? a. Individuals must own private property and the resources used to create wealth. b. The role of government should be limited to providing defense against foreign enemies, ensuring internal order, and furnishing public works and education. c. Economic freedom ensures the existence of competitive markets that allow both sellers and buyers t...

SEVI 2053 Final Exam 2023 Questions and Answers;these are all possible quizzes with complete solution

SEVI 2053 EXAM 1 QUESTIONS AND ANSWERS 100% SOLVED 1.1 What must a business do to be successful in todays world HR, Informational, material financial 1. 2 Business definition the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs 1.3 economics definition study of how wealth is created and distributed 1.2 Business risks and rewards Profit! Different customers, different needs 1. 3 Capitalism economy Economic system where ind...

SEVI 2053 Final Exam Review 2023 Questions and Answers 100% Verified

SEVI 2053 Exam 2023 Questions and Answers with complete solution

Top managers spend most of their time performing which of the following management functions? a. Controlling b. Directing c. Staffing d. Planning e. Organizing correct answers d This deals with establishing organizational goals and deciding how to accomplish them; it is sometimes referred to as the "first" management function because all other management functions depend upon it. a. Mission b. Planning c. Leading d. Human resources e. Dore competencies correct answers b Jak...

Final Exam SEVI 2053 UPDATED Exam Questions and CORRECT Answers Utility - Correct Answer- The ability of a good or service to satisfy a human need From utility - Correct Answer- Utility created by converting production inputs into finished products place utility - Correct Answer- Utility created by making a product available at a location where customers wish to purchase it