BUS 201 MACEWAN - RESPONSIBLE MANAGEMENT 1-12
QUESTIONS WITH ACCURATE ANSWERS
1 planning, 2 Building(Strategizing), 3 Directing and Influencing, 4 Controlling
correct answer What are the four steps of the management process?
1: Competition in the industry,
2: Potential of new entrants into industry,
3: Power of suppliers,
4: Power of customers,
5: Threat of substitute products correct answer What are porters 5 forces of
competition?
1. Responsible Trade, 2. Sustainable Trade, 3. Ethical Trade, 4. Fair Trade correct
answer Four main concepts related to Global Trade
Accounting correct answer Term used to describe recording and administrating
financial transactions
Actors correct answer People relevant to a current parallel situation
Actors Responsibilities correct answer These terms Micro, Meso, Macro in
relation to Government, Civil Society, and Business can be referred to as _______
responsibilities
Adam Smith Problem correct answer Natural Selfishness, "The invisible hand".
Business people will seek profit which will advance society inevitably
, Asset correct answer Property owned by a person or company, regarded as
having value and available to meet debts, commitments, or legacies.
Assets, Liabilities, and Equity correct answer A balance sheet can contain these
three terms
BOP Sourcing correct answer A type of sourcing that involves Small to Medium
Enterprises with the objective of increasing fair practice at lower levels of
business
Break even point, Variable cost, Fixed cost, Total cost, Total revenue and Price
correct answer BEP, VC, FC, TC, TR, and P respectively stand for what?
Business Responsibility correct answer _____________ Responsibility: Assuming
accountability for all "S-E-E" factors in a company order to increase stake holder
value
Complementation correct answer Three sustainability components
complimenting each other using "S-E-E" analysis. Opposite of Substitution
Contra Trade correct answer A type of trade that can be flawed and un balanced
for certain local area. Relates to global trade
Corporate Social Performance correct answer Refers to how a business interacts
with institutions, communities, societies, and the earth, and how much
responsibility it assumes.
QUESTIONS WITH ACCURATE ANSWERS
1 planning, 2 Building(Strategizing), 3 Directing and Influencing, 4 Controlling
correct answer What are the four steps of the management process?
1: Competition in the industry,
2: Potential of new entrants into industry,
3: Power of suppliers,
4: Power of customers,
5: Threat of substitute products correct answer What are porters 5 forces of
competition?
1. Responsible Trade, 2. Sustainable Trade, 3. Ethical Trade, 4. Fair Trade correct
answer Four main concepts related to Global Trade
Accounting correct answer Term used to describe recording and administrating
financial transactions
Actors correct answer People relevant to a current parallel situation
Actors Responsibilities correct answer These terms Micro, Meso, Macro in
relation to Government, Civil Society, and Business can be referred to as _______
responsibilities
Adam Smith Problem correct answer Natural Selfishness, "The invisible hand".
Business people will seek profit which will advance society inevitably
, Asset correct answer Property owned by a person or company, regarded as
having value and available to meet debts, commitments, or legacies.
Assets, Liabilities, and Equity correct answer A balance sheet can contain these
three terms
BOP Sourcing correct answer A type of sourcing that involves Small to Medium
Enterprises with the objective of increasing fair practice at lower levels of
business
Break even point, Variable cost, Fixed cost, Total cost, Total revenue and Price
correct answer BEP, VC, FC, TC, TR, and P respectively stand for what?
Business Responsibility correct answer _____________ Responsibility: Assuming
accountability for all "S-E-E" factors in a company order to increase stake holder
value
Complementation correct answer Three sustainability components
complimenting each other using "S-E-E" analysis. Opposite of Substitution
Contra Trade correct answer A type of trade that can be flawed and un balanced
for certain local area. Relates to global trade
Corporate Social Performance correct answer Refers to how a business interacts
with institutions, communities, societies, and the earth, and how much
responsibility it assumes.
