BUS 100 EXAM QUESTIONS ANSWERED COTRRECTLY LATEST UPDATE 2026

BUS 100 EXAM QUESTIONS ANSWERED COTRRECTLY LATEST UPDATE 2026 Accounting: - Answers The functional area of business that monitors where money is spent. Acquisition: - Answers When a company buys all or part of another company. Assets: - Answers Resources owned by a firm. Balance Sheet: - Answers A financial statement that lists the assets, liabilities, and owners' equity. Blockchain: - Answers A digital list of transactions managed by the individual computers of a network. Board of Directors: - Answers Those elected by stockholders to represent their interests. Bond: - Answers A loan to a corporation or government. Brand: - Answers A product's identity that sets it apart from the competition. Budget: - Answers Estimates how resources will be acquired and used. Business Environment: - Answers The setting in which business operates. Business Plan: - Answers An outline of a business's future objectives and strategies for achieving them. Business: - Answers Providing goods and services to others while operating at a profit. Chain of Command: - Answers A hierarchy of authority dictating who oversees whom. Channel of Distribution: - Answers A chain of intermediaries involved in getting a product from the producer to the customer. Collective Bargaining: - Answers Negotiating the terms of employment between labor unions and employers. Controlling: - Answers When managers monitor performance and makes adjustments. Corporate Social Responsibility: - Answers The obligation to contribute to society. Cryptocurrency: - Answers A digital currency on a blockchain network. Culture: - Answers People's values, customs, and way of life. Data Analytics: - Answers Using data to solve problems. Data: - Answers Raw, unprocessed facts and figures. Database: - Answers An organized collection of data that is easily accessible. Debt Financing: - Answers Funds provided in exchange for repayment with interest. Demand: - Answers The willingness to buy goods at various prices during a specified time. Distribution: - Answers Delivering the right product to the right person in the right place at the right time. Dividend: - Answers Money paid to shareholders. Economics: - Answers The study of the choices made to allocate scarce resources. Economies of Scale: - Answers Production costs fall when operations expand in size, due to an improvement in efficiency. Effectiveness: - Answers Producing an accurate result. Efficiency: - Answers Producing in an optimal way, with minimum waste. Entrepreneur: - Answers People who start a business risking their time and money. Equity Financing: - Answers Funds provided in exchange for ownership. Equity Theory: - Answers A motivation theory stating employees will work harder if they believe they are being treated fairly. Ethical Dilemma: - Answers A decision that involves a conflict of values. Ethics: - Answers Beliefs about right and wrong, good and bad. Expectancy Theory: - Answers A motivation theory stating employees will work harder if they believe their efforts will result in a desirable reward. Expenses: - Answers Money spent to conduct business. Exporting: - Answers Selling products to foreign nations. FDIC: - Answers A federal agency that insures bank deposits in the event of a bank failure. Finance: - Answers The functional area of business that determines the best sources and uses of financial capital. Financial Accounting: - Answers The branch of accounting that prepares reports for external stakeholders. Financial Statements: - Answers A summary of all financial activities. Goods: - Answers Tangible products Gross Domestic Product (GDP): - Answers An economic indicator showing the total value of everything a country produces within a year. Hawthorne Effect: - Answers People behave differently when they are being observed. Hierarchy: - Answers A arrangement of people ranked one above another. Human Resource Management: - Answers The functional area of business that maximizes the effectiveness of its workforce. Importing: - Answers Buying products produced in foreign nations. Income Statement: - Answers A financial statement that lists revenues, expenses, and profit or loss. Inflation: - Answers An economic indicator showing the rise in prices over time. Information Systems (IS): - Answers The functional area of business that uses technology to solve problems and make decisions. Information: - Answers Data that is processed to make it useful. Job Analysis: - Answers Examining the tasks performed in a job to fully understand the nature of that job. Job Description: - Answers The responsibilities for a specific position. Job Specifications: - Answers The qualifications necessary to hold a particular position. Leading: - Answers When managers inspire people to be successful. Liabilities: - Answers Claims against a company's assets by external stakeholders. Licensing: - Answers Purchasing the right to use another company's brand on your products. Limited Liability: - Answers Not personally responsible for debts accrued by a business. Logistics: - Answers A subset of supply chain management focusing on the tactics involved in moving products along the supply chain. Macroeconomics: - Answers The economics of countries focusing on the overall economy. Management: - Answers The functional area of business that coordinates the activities of a business to achieve its goals. Managerial Accounting: - Answers The branch of accounting that prepares reports for management. Market Segmentation: - Answers Dividing customers into groups of similar people. Market: - Answers A meeting place for buyers and sellers. Marketing Environment: - Answers External factors that affect a business and are beyond its control. Marketing Intermediaries: - Answers "Middlemen" that distribute a product from manufacturer to consumer. Marketing Mix: - Answers Coordinated marketing strategies for product, price, place, and promotion. Marketing: - Answers The functional area of business focused on every touchpoint with customers. Maslow's Hierarchy of Needs: - Answers A motivation theory stating employees will work harder to satisfy their current needs. Merger: - Answers When two companies combine to form a single organization. Microeconomics: - Answers The economics of individuals focusing on supply and demand. Money Supply: - Answers The amount of money in circulation, as decided by the Federal Reserve Bank. Mortgage: - Answers A loan for a home. Mutual Fund: - Answers A collection of investments funded by a large group of people. Nonprofit: - Answers A form of business ownership serving the public good rather than generating financial gain.