BADM 101 FINAL EXAM UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
Question:
1. Profitability Ratios
Answer:
measures how much net income organization is able to generate relative to its
assets, owners equity and sales
Question:
2. Revenue
Answer:
Sales
Question:
3. What is the most flexible element of the marketing mix?
Answer:
Price
Question:
4. Raw Materials
Answer:
It is the basic material from which a product is made and is used in the primary
production of a good
Question:
5. Just in Time Management
Answer:
inventory strategy companies employ to increase efficiency and decrease waste
by receiving goods only as they are needed in the production process which
reduces inventory costs
Question:
6. Task Force
Answer:
a group of people formed to carry out a specific mission or project, or to solve a
problem that requires a multi-disaplinary approach
, Question:
7. Improper Delegation of Authority
Answer:
is when someone gives authority to someone below them
Question:
8. Why is it hard to sell your interest in a partnership?
Answer:
because you don't know how much each share is worth and who gets what
Question:
9. What is the least used business organization in the US?
Answer:
partnerships
Question:
10. What are the functions of management?
Answer:
planning,organizing,staffing,directing,controlling
Question:
11. Planning
Answer:
activities to achieve the organizations objectives
Question:
12. Organizing
Answer:
resources and activities to achieve the organizations objectives
Question:
13. Staffing
Answer:
the organization with qualified people
Question:
14. Directing
Answer:
employees activities toward achievement of objectives
QUESTIONS AND CORRECT ANSWERS
Question:
1. Profitability Ratios
Answer:
measures how much net income organization is able to generate relative to its
assets, owners equity and sales
Question:
2. Revenue
Answer:
Sales
Question:
3. What is the most flexible element of the marketing mix?
Answer:
Price
Question:
4. Raw Materials
Answer:
It is the basic material from which a product is made and is used in the primary
production of a good
Question:
5. Just in Time Management
Answer:
inventory strategy companies employ to increase efficiency and decrease waste
by receiving goods only as they are needed in the production process which
reduces inventory costs
Question:
6. Task Force
Answer:
a group of people formed to carry out a specific mission or project, or to solve a
problem that requires a multi-disaplinary approach
, Question:
7. Improper Delegation of Authority
Answer:
is when someone gives authority to someone below them
Question:
8. Why is it hard to sell your interest in a partnership?
Answer:
because you don't know how much each share is worth and who gets what
Question:
9. What is the least used business organization in the US?
Answer:
partnerships
Question:
10. What are the functions of management?
Answer:
planning,organizing,staffing,directing,controlling
Question:
11. Planning
Answer:
activities to achieve the organizations objectives
Question:
12. Organizing
Answer:
resources and activities to achieve the organizations objectives
Question:
13. Staffing
Answer:
the organization with qualified people
Question:
14. Directing
Answer:
employees activities toward achievement of objectives
