BUS – Final Exam, 2025/2026 – Fully Answered Practice Exam
Characteristics of a good manager - correct answer ✔✔ 1. Good Communicators
-use parallel channels
2. Mature
3. Leadership Ability
4. Knowledge
5. Honest
review how changes in supply and demand correct temporary shortages and
surpluses. - correct answer ✔✔ understand the concept
-gas prices
-when gas is high they are doing a lot of fracking and their is going to be a big
supply and little demand
-(demand up supply more)
-when gas is low they are doing less fracking and their is going to be a high
demand for gas
-(demand down supply less)
Planning duties and various levels of management - correct answer ✔✔ Top
management
-broad goals
-3-5 years
*Strategical planning
, Middle management
-1 year
*Tactical management
Supervision management
-1 mo/week/day
*Operational Planning
how do changes in interest rates impact the value of bonds of the secondary
market - correct answer ✔✔ they move in opposite directions
Adam Smith and his beliefs? - correct answer ✔✔ Father of Capitalism
1. All have the right to own and protect property
2. All are materialistic
3. All will seek their own economic well-being
4. In a free market consumers will receive the beset products at the lowest prices
because, of competition
Where may profits from a corporation be distributed - correct answer ✔✔ 1.
dividends - profit to the owners
2. returned earnings - saving
3. both places
Types of Unemployment - correct answer ✔✔ 1. Seasonal - laid off due to a
change in the season
Characteristics of a good manager - correct answer ✔✔ 1. Good Communicators
-use parallel channels
2. Mature
3. Leadership Ability
4. Knowledge
5. Honest
review how changes in supply and demand correct temporary shortages and
surpluses. - correct answer ✔✔ understand the concept
-gas prices
-when gas is high they are doing a lot of fracking and their is going to be a big
supply and little demand
-(demand up supply more)
-when gas is low they are doing less fracking and their is going to be a high
demand for gas
-(demand down supply less)
Planning duties and various levels of management - correct answer ✔✔ Top
management
-broad goals
-3-5 years
*Strategical planning
, Middle management
-1 year
*Tactical management
Supervision management
-1 mo/week/day
*Operational Planning
how do changes in interest rates impact the value of bonds of the secondary
market - correct answer ✔✔ they move in opposite directions
Adam Smith and his beliefs? - correct answer ✔✔ Father of Capitalism
1. All have the right to own and protect property
2. All are materialistic
3. All will seek their own economic well-being
4. In a free market consumers will receive the beset products at the lowest prices
because, of competition
Where may profits from a corporation be distributed - correct answer ✔✔ 1.
dividends - profit to the owners
2. returned earnings - saving
3. both places
Types of Unemployment - correct answer ✔✔ 1. Seasonal - laid off due to a
change in the season
