BCOR 1015 COMPREHENSIVE EXAM 2025 QUESTIONS WITH
ANSWERS RATED A+
✔✔Trade offs for capital structure - ✔✔-control
-risk
-cost/profit
✔✔crowd-funding - ✔✔Organized web sites where individuals can ask for direct
financial contributions from family, friends, and others to help fund some type of ventur
✔✔What are strategic considerations for managing risk? - ✔✔-exposure
-diversification
-asset allocation
✔✔Diversity - ✔✔-all the characteristics and experiences that define each one of us as
individuals
-includes: age, race, military experience, parental status, thinking style
✔✔SHRM's definition of inclusion - ✔✔-the achievement of a work environment in which
all individuals are treated fairly and respectfully, have equal access to opportunities and
resources, and can contribute fully to the organizations success
✔✔System - ✔✔-an interconnected and coordinated set of elements and processes that
converts inputs to desired output
✔✔Supply Chain - ✔✔-a set of connected systems that coordinates the flow of goods
and materials from suppliers all the way through the final customer
✔✔Start to finish of a supply chain - ✔✔-supplier, manufacturer, distributer, retailer,
customer
✔✔Outsourcing - ✔✔-A decision by a corporation to turn over much of the responsibility
for production to independent suppliers.
✔✔Offshoring - ✔✔-transferring a part of all of a business function to a facility in another
country
✔✔Supply chain management - ✔✔-the business procedures, policies, and computer
systems that integrate the various elements of the supply chain into a cohesive system
✔✔Production and operation management responsibilities - ✔✔-facilities location and
design
-forecasting and capacity planning
-scheduling
, ✔✔Quality - ✔✔-the degree to which a product or process meets expectations
✔✔Quality control - ✔✔-measuring quality to the standards the product is supposed to
be
✔✔Statistical Process Control - ✔✔-the use of random sampling and tolls such as
control charts to monitor production process
✔✔Six Sigma - ✔✔-a rigorous quality management program that strives to eliminate
deviations between the actual and desired performance of a business system
✔✔What are the primary forms of ownership - ✔✔-sole proprietorships
-partnerships
-corporations
✔✔small business - ✔✔-a company that is independently owned and operated, is not
dominated in its field and employees fewer than 500 people
✔✔What are the characteristics of a small business? - ✔✔-narrow focus, providing
specialized goods and services
-get by with limited resources
-more freedom to innovate, might take more risks
-easier to make decisions quickly and react to changed in the market place
✔✔How many small businesses are their compared to firms? - ✔✔-more small
businesses
-27.9 million small businesses
18500 firms
✔✔What are the factors contributing to the increase in small businesses? - ✔✔-e-
commerce
-social media
-technological advances
-growing diversity in entrepreneurship
-corporate downsizing
✔✔Sole proprietorship - ✔✔-is a business owned and operated by one individual
✔✔What are the advantages of sole proprietorships? - ✔✔-taxation
-control of the business
-ease and cost formation
-secrecy
-distribution and use of profits
-government regulations
ANSWERS RATED A+
✔✔Trade offs for capital structure - ✔✔-control
-risk
-cost/profit
✔✔crowd-funding - ✔✔Organized web sites where individuals can ask for direct
financial contributions from family, friends, and others to help fund some type of ventur
✔✔What are strategic considerations for managing risk? - ✔✔-exposure
-diversification
-asset allocation
✔✔Diversity - ✔✔-all the characteristics and experiences that define each one of us as
individuals
-includes: age, race, military experience, parental status, thinking style
✔✔SHRM's definition of inclusion - ✔✔-the achievement of a work environment in which
all individuals are treated fairly and respectfully, have equal access to opportunities and
resources, and can contribute fully to the organizations success
✔✔System - ✔✔-an interconnected and coordinated set of elements and processes that
converts inputs to desired output
✔✔Supply Chain - ✔✔-a set of connected systems that coordinates the flow of goods
and materials from suppliers all the way through the final customer
✔✔Start to finish of a supply chain - ✔✔-supplier, manufacturer, distributer, retailer,
customer
✔✔Outsourcing - ✔✔-A decision by a corporation to turn over much of the responsibility
for production to independent suppliers.
✔✔Offshoring - ✔✔-transferring a part of all of a business function to a facility in another
country
✔✔Supply chain management - ✔✔-the business procedures, policies, and computer
systems that integrate the various elements of the supply chain into a cohesive system
✔✔Production and operation management responsibilities - ✔✔-facilities location and
design
-forecasting and capacity planning
-scheduling
, ✔✔Quality - ✔✔-the degree to which a product or process meets expectations
✔✔Quality control - ✔✔-measuring quality to the standards the product is supposed to
be
✔✔Statistical Process Control - ✔✔-the use of random sampling and tolls such as
control charts to monitor production process
✔✔Six Sigma - ✔✔-a rigorous quality management program that strives to eliminate
deviations between the actual and desired performance of a business system
✔✔What are the primary forms of ownership - ✔✔-sole proprietorships
-partnerships
-corporations
✔✔small business - ✔✔-a company that is independently owned and operated, is not
dominated in its field and employees fewer than 500 people
✔✔What are the characteristics of a small business? - ✔✔-narrow focus, providing
specialized goods and services
-get by with limited resources
-more freedom to innovate, might take more risks
-easier to make decisions quickly and react to changed in the market place
✔✔How many small businesses are their compared to firms? - ✔✔-more small
businesses
-27.9 million small businesses
18500 firms
✔✔What are the factors contributing to the increase in small businesses? - ✔✔-e-
commerce
-social media
-technological advances
-growing diversity in entrepreneurship
-corporate downsizing
✔✔Sole proprietorship - ✔✔-is a business owned and operated by one individual
✔✔What are the advantages of sole proprietorships? - ✔✔-taxation
-control of the business
-ease and cost formation
-secrecy
-distribution and use of profits
-government regulations
