BUS 100 Final Exam – Introduction to Business – 2026 – Study and
Practice Guide
____________ are the sources of funds? - ANS✔✔ credits
Credits are always recorded on which side of a t-account? - ANS✔✔ right
Dividends, expenses, and assets are all _______ accounts - ANS✔✔ debit
Debit accounts ______ when debited. - ANS✔✔ increase
Which of the following best defines Evaluation?
- building ideas together to form a whole.
- making judgments about ideas.
- breaking ideas apart and determining how the parts are related.
- applying ideas to solve new problems. - ANS✔✔ making judgments about ideas
Nonprofits organizations....
- have limited liability
- are businesses that do not earn a profit
- have volunteers instead of employees
- are not corporations - ANS✔✔ have limited liability.
When it comes to the economy, the Federal Government is responsible for controlling...
- Inflation
- GDP
, - unemployment
- Stock Market - ANS✔✔ GDP
The labor force includes..
- only people 18 years and older.
- people looking for jobs.
- people working part-time who want to work full-time
- people who are retired. - ANS✔✔ people looking for jobs.
When expanding into a foreign market, which strategy offers the most control?
- Franchise
- License
- Direct Investment
- Joint Venture - ANS✔✔ direct investment
When expanding into a foreign market, which strategy involve the least amount of risk?
- License
- Export
- Franchise
- Contract Manufacturing - ANS✔✔ License
Nike uses a contract manufacturer in another country to make it's shoes. This is an example of...
- ANS✔✔ outsourcing and offshoring
If you visited Mexico for dental surgery, the U.S. would consider it....
- importing
Practice Guide
____________ are the sources of funds? - ANS✔✔ credits
Credits are always recorded on which side of a t-account? - ANS✔✔ right
Dividends, expenses, and assets are all _______ accounts - ANS✔✔ debit
Debit accounts ______ when debited. - ANS✔✔ increase
Which of the following best defines Evaluation?
- building ideas together to form a whole.
- making judgments about ideas.
- breaking ideas apart and determining how the parts are related.
- applying ideas to solve new problems. - ANS✔✔ making judgments about ideas
Nonprofits organizations....
- have limited liability
- are businesses that do not earn a profit
- have volunteers instead of employees
- are not corporations - ANS✔✔ have limited liability.
When it comes to the economy, the Federal Government is responsible for controlling...
- Inflation
- GDP
, - unemployment
- Stock Market - ANS✔✔ GDP
The labor force includes..
- only people 18 years and older.
- people looking for jobs.
- people working part-time who want to work full-time
- people who are retired. - ANS✔✔ people looking for jobs.
When expanding into a foreign market, which strategy offers the most control?
- Franchise
- License
- Direct Investment
- Joint Venture - ANS✔✔ direct investment
When expanding into a foreign market, which strategy involve the least amount of risk?
- License
- Export
- Franchise
- Contract Manufacturing - ANS✔✔ License
Nike uses a contract manufacturer in another country to make it's shoes. This is an example of...
- ANS✔✔ outsourcing and offshoring
If you visited Mexico for dental surgery, the U.S. would consider it....
- importing
