BUS1010 - Intro to Business - Exam: Unit 2
questions and answers Graded A+
Michael Khoury, a college student majoring in business management, looks
forward to starting his own business after graduation. He knows there are all
kinds of ways to come up with a business idea. One day he is brainstorming for
ideas while watching his nieces and nephews play. He gets an idea for a new
product, a bicycle that converts into a child's stroller. Khoury's idea is an example
of - ✅✅combining two or more products.
In some geographic areas, an entrepreneur who locates in a(n) ________ can
receive lower taxes and other government support. - ✅✅enterprise zone
As a small-business owner, treating your employees with respect is one way to -
✅✅keep your small business healthy.
Business law is composed of four major types of laws: statutory, common,
________, and international. - ✅✅administrative.
Not only individuals but also businesses must pay ________ taxes on earnings
they receive. - ✅✅income
Emily Ito is preparing a business plan for her new company, No-Fuss Budgets, a
financial planning service for retirees. In which part of her business plan would
the following be found? "I intend to purchase mailing lists to reach retirees on a
budget. I will also buy Web ads offering first-time clients a 10% discount, and I will
work with other companies in a link exchange in which I link to other personal-
finance-related businesses on my website. These other businesses will then link to
my website in return." - ✅✅Marketing
, When you step into an existing well-run enterprise, you - ✅✅should be able to
earn profits fairly quickly.
In the United States, parties to a business dispute may resolve their differences
through arbitration or mediation, processes that involve accepting the judgment
of neutral third parties. Many parties agree to mediation or arbitration because -
✅✅these methods of resolving a dispute are much less expensive than going to
trial.
One of the disadvantages of owning a corporation is that - ✅✅you will likely
experience personality conflicts or other disagreements among partners.
La Cocina, a nonprofit organization, mentors low-income and immigrant women
entrepreneurs. It helps them launch and develop their food-related businesses by
offering them kitchen space and technical assistance. La Cocina is an example of
a(n) - ✅✅venture capitalist.
Customer dissatisfaction, employee turnover, cost overruns, and manufacturing
defects are some of the issues managers address through - ✅✅control
A manager should choose the ________ leadership style in a workplace where
employee expertise from multiple areas is needed. - ✅✅participatory
A sandwich shop plans to start an aggressive advertising campaign if a competing
sandwich shop opens nearby. This is an example of a(n) - ✅✅contingency plan.
questions and answers Graded A+
Michael Khoury, a college student majoring in business management, looks
forward to starting his own business after graduation. He knows there are all
kinds of ways to come up with a business idea. One day he is brainstorming for
ideas while watching his nieces and nephews play. He gets an idea for a new
product, a bicycle that converts into a child's stroller. Khoury's idea is an example
of - ✅✅combining two or more products.
In some geographic areas, an entrepreneur who locates in a(n) ________ can
receive lower taxes and other government support. - ✅✅enterprise zone
As a small-business owner, treating your employees with respect is one way to -
✅✅keep your small business healthy.
Business law is composed of four major types of laws: statutory, common,
________, and international. - ✅✅administrative.
Not only individuals but also businesses must pay ________ taxes on earnings
they receive. - ✅✅income
Emily Ito is preparing a business plan for her new company, No-Fuss Budgets, a
financial planning service for retirees. In which part of her business plan would
the following be found? "I intend to purchase mailing lists to reach retirees on a
budget. I will also buy Web ads offering first-time clients a 10% discount, and I will
work with other companies in a link exchange in which I link to other personal-
finance-related businesses on my website. These other businesses will then link to
my website in return." - ✅✅Marketing
, When you step into an existing well-run enterprise, you - ✅✅should be able to
earn profits fairly quickly.
In the United States, parties to a business dispute may resolve their differences
through arbitration or mediation, processes that involve accepting the judgment
of neutral third parties. Many parties agree to mediation or arbitration because -
✅✅these methods of resolving a dispute are much less expensive than going to
trial.
One of the disadvantages of owning a corporation is that - ✅✅you will likely
experience personality conflicts or other disagreements among partners.
La Cocina, a nonprofit organization, mentors low-income and immigrant women
entrepreneurs. It helps them launch and develop their food-related businesses by
offering them kitchen space and technical assistance. La Cocina is an example of
a(n) - ✅✅venture capitalist.
Customer dissatisfaction, employee turnover, cost overruns, and manufacturing
defects are some of the issues managers address through - ✅✅control
A manager should choose the ________ leadership style in a workplace where
employee expertise from multiple areas is needed. - ✅✅participatory
A sandwich shop plans to start an aggressive advertising campaign if a competing
sandwich shop opens nearby. This is an example of a(n) - ✅✅contingency plan.
