Clemson BUS 1010 Final Exam with verified solutions 2024

syllabus what it contains: instructor/ contact information. ta contact information. required texts. grading policy. attendance policy. conduct policy. academic integrity. emergency procedures. ebook information. class schedule and point system "single most important document for each class" undergraduate announcement catalog most important document with respect to graduation requirements Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:00 Full screen TCEL shows what courses can transfer as clemson credit hours if a class was taken outside of the university itself. AAC academic advising center below sirrine ASC & what it offers academic success center ASC services: degree works- identifies needed coursework to graduate ( this is a very useful advising tool/ useful when wanting to change majors ) what it offers: 1. course support 2. tutoring 3. supplementary instruction (S.I) ing and studying skills 5. study behavior inventory 6. academic coaching 7. success skills & strategies what-if-reports used after freshman year study cycle review before class attend class review after class study asses your learning academic forgiveness must take the class you failed & forgave again & at clemson a course can't be forgiven if there was an academic integrity issues OSE works with underground majors & minors services and benefits: newsletter resources for major and career choices resume and linked in profile prep internship and job placement career prep mentorships (tiger ties) international programs economics is the study of how society chooses to employ resources to produce goods and services and distribute them for consumption macro v micro USA's economy as a whole v behavior of people and organizations in markets for particular products or services capitalism most of the factors of production and distribution are privately owned and operated for profit (free market economies) socialism some, if not most, basic businesses should be owned by the government so that profits can be more evenly distributed among people ( mixed economies ) communism government makes almost all economic decisions and owns almost all the major factors of production (command economies) ethics reflects people's proper relationship with one another legality refers to laws we have written to protect ourselves from fraud, theft, and violence the 3 thoughts when being in an ethical dilemma is your action legal? is it balanced/ am i acting fairly? how does it make you feel? six steps to improve corporate values 1. avoid government invention in the form of new laws and regulations 2. maintain a good reputation 3. keep costumers and attract new ones 4. avoid lawsuits 5. do the right thing 6. reduce employment turnover the two categories of ethics code 1. compliance based ethics code- preventing unlawful behavior by increasing control and penalizing wrong doers 2. integrity based ethics code- organizations guiding values, create an environment that supports ethically sound behavior and stress shared accountability. management process used to accomplish organizational goals through planning, organizing, leading, and controlling people/ resources 4 functions of management planning organizing leading controlling 4 types of planning egic planning- determines major goals of the organization and policies/ strategies for obtaining and using resources to achieve those goals cal planning- process of developing detailed short term statements about what's to be done, who does it, and how will it be done 3. operational planning- the process of setting work standards and schedule necessary to implement the company's tactical objectives 4. contingency planning- the process of preparing alternative course of actions that may be used if the primary plans dont achieve the organization's goals. decision making choosing among two or more alternatives (the heart of all management) top level of management develop strategic plans ex. CEO, CFO, CIO, etc middle level of management responsible for tactical planning and controlling ex. plant manager, division head, branch manager supervisory management supervise workers and evaluate their daily performance ex. supervisors, foremen, department heads, section leaders bottom level management non-suporvisory management leadership types autocratic, participative, free-rein autocratic leadership making decisions without consulting others participative (democratic) leadership managers and employees work together to make decisions free-rein involves managers setting objectives and employees being relatively free to do whatever it takes to complete the job marketing set of institutions and processes for creating, communicating, delivering, and exchanging offers that have value for customers, clients, partners, and society at large 3 parts of marketing customer orientation service orientation profit orientation 4 p's of marketing product, price, place, promotion marketing research process defining the question and determining the present situation - collect research data - analyzing the research data - choosing the best solution and analyzing it consumer market vs business to business market consumer- individuals or households that want goods/ services for personal consumption use b2b- individuals & organizations that want goods and services to use in producing other goods and services to sell, rent, or supply goods market segmentation geographic volume demographic (largest) psychographic benefit bookkeeping vs accounting bookkeeping involves recording of business transactions, whereas accountants classify and summarize financial data provided by bookkeepers