BUSI 300 QUIZ 3 LIBERTY
UNIVERSITY ACTUAL EXAMPREP
2026 SOLVED QUESTIONS WITH
FULL SOLUTION
◉ False. Answer: Rules that all employees in the organization must fly
coach when they travel on commercial airlines or a rule that employees
can spend no more than $50 per person for a business-related company-
reimbursed dinner are examples of interpersonal controls
◉ False. Answer: The functional organizational structure has three main
advantages: It promotes economies of scale, promotes in-depth skill
development, and helps eliminate competition from the market.
◉ False. Answer: Trade barriers lead to decreased competition from
abroad, and raise prices and profits of domestic firms. Interestingly, such
protection over time will often lead to higher-quality domestic products
and services.
◉ shareholder. Answer: The _______ model of strategy formulation
operates from the premise that the key strategic purpose of a business is
to maximize financial returns for its owners.
◉ true. Answer: Walmart deciding to buy more apparel products from
lower-priced Chinese manufacturers (rather than from somewhat more
UNIVERSITY ACTUAL EXAMPREP
2026 SOLVED QUESTIONS WITH
FULL SOLUTION
◉ False. Answer: Rules that all employees in the organization must fly
coach when they travel on commercial airlines or a rule that employees
can spend no more than $50 per person for a business-related company-
reimbursed dinner are examples of interpersonal controls
◉ False. Answer: The functional organizational structure has three main
advantages: It promotes economies of scale, promotes in-depth skill
development, and helps eliminate competition from the market.
◉ False. Answer: Trade barriers lead to decreased competition from
abroad, and raise prices and profits of domestic firms. Interestingly, such
protection over time will often lead to higher-quality domestic products
and services.
◉ shareholder. Answer: The _______ model of strategy formulation
operates from the premise that the key strategic purpose of a business is
to maximize financial returns for its owners.
◉ true. Answer: Walmart deciding to buy more apparel products from
lower-priced Chinese manufacturers (rather than from somewhat more
