BUS1010 Exam 1 Review questions and
answers Graded A+
Saskia recently inherited a large amount of stock in the ThermCo Corporation.
What kind of stakeholder does Saskia represent? - ✅✅shareholder
China's One Child policy resulted in an imbalance of males to females in the
country. This is a ________ change that can affect business. - ✅✅demographic
Cluny realizes there are no automatic car washes in his town. He takes out a loan
and builds an automatic car wash later that year. Cluny is best described as a(n) -
✅✅entrepreneur
Armida is a lawyer with the American Civil Liberties Union (ACLU). She is regularly
in court working to ensure fair treatment of all individuals in the business world.
The ACLU can best be described as a(n) - ✅✅special interest group
Holidays Galore is a seasonal business, so in the off season when it is buying
inventory, it is often short of cash. The business usually borrows money from the
bank to tide it over until the busy season begins. The bank is Holidays Galore's -
✅✅lender
Ryder works for a technology firm that has designed a proprietary software that
tracks employee productivity by utilizing employees' heartrate. At this time, it is
the only company offering this software. Ryder's firm can best be described as
having a(n) ________ advantage. - ✅✅competitive
, After a hurricane in Florida, a beverage company delivered free bottles of water
to residents. How is this company helping society in this case? - ✅✅donating
goods to the community
Ozara is the plant manager for Estate Manufacturing. He is leading the efforts to
double plant capacity with a new building. Which of the five factors of production
is Ozara most impacting? - ✅✅capital
Time Keepers, Inc. wants to expand into a South American country, but the
necessity of the use of bribery to do business there has made it financially
unfeasible. Which of the five forces affecting the business environment is most
impacting Time Keepers' expansion decision? - ✅✅economic
Tamalika is the owner of a small company that provides hot meals to disaster
victims. She is hoping to make enough profit to pay her bills and expand the reach
of the organization next year. Tamalika most likely runs a ________ business. -
✅✅nonprofit
A large office supply company sells many of its consumer products over the
Internet. This is known as - ✅✅e-commerce
A large office supply company sells many of its consumer products over the
Internet. This is known as - ✅✅career choices and entrepreneurial activity
Anton grew up in the Soviet Union during the early 1980s and remembers waiting
in long lines with his father to get meat and bread. He also remembers his parents
talking about a waiting list for the larger apartment they had hoped to move into.
Which of the drawbacks of communism does this best represent? - ✅✅central
planning flaws
answers Graded A+
Saskia recently inherited a large amount of stock in the ThermCo Corporation.
What kind of stakeholder does Saskia represent? - ✅✅shareholder
China's One Child policy resulted in an imbalance of males to females in the
country. This is a ________ change that can affect business. - ✅✅demographic
Cluny realizes there are no automatic car washes in his town. He takes out a loan
and builds an automatic car wash later that year. Cluny is best described as a(n) -
✅✅entrepreneur
Armida is a lawyer with the American Civil Liberties Union (ACLU). She is regularly
in court working to ensure fair treatment of all individuals in the business world.
The ACLU can best be described as a(n) - ✅✅special interest group
Holidays Galore is a seasonal business, so in the off season when it is buying
inventory, it is often short of cash. The business usually borrows money from the
bank to tide it over until the busy season begins. The bank is Holidays Galore's -
✅✅lender
Ryder works for a technology firm that has designed a proprietary software that
tracks employee productivity by utilizing employees' heartrate. At this time, it is
the only company offering this software. Ryder's firm can best be described as
having a(n) ________ advantage. - ✅✅competitive
, After a hurricane in Florida, a beverage company delivered free bottles of water
to residents. How is this company helping society in this case? - ✅✅donating
goods to the community
Ozara is the plant manager for Estate Manufacturing. He is leading the efforts to
double plant capacity with a new building. Which of the five factors of production
is Ozara most impacting? - ✅✅capital
Time Keepers, Inc. wants to expand into a South American country, but the
necessity of the use of bribery to do business there has made it financially
unfeasible. Which of the five forces affecting the business environment is most
impacting Time Keepers' expansion decision? - ✅✅economic
Tamalika is the owner of a small company that provides hot meals to disaster
victims. She is hoping to make enough profit to pay her bills and expand the reach
of the organization next year. Tamalika most likely runs a ________ business. -
✅✅nonprofit
A large office supply company sells many of its consumer products over the
Internet. This is known as - ✅✅e-commerce
A large office supply company sells many of its consumer products over the
Internet. This is known as - ✅✅career choices and entrepreneurial activity
Anton grew up in the Soviet Union during the early 1980s and remembers waiting
in long lines with his father to get meat and bread. He also remembers his parents
talking about a waiting list for the larger apartment they had hoped to move into.
Which of the drawbacks of communism does this best represent? - ✅✅central
planning flaws
