BUSN 100 Final Exam Review | Actual
study set | Questions and verified study
solutions
The "classic" purpose of a business is to: - ANSW-Build shareholder value
Senior management, in particular CEO/Presidents act as ________ for shareholders. - ANSW-Agents
Shareholders include:
a) People who specifically purchased/own shares of company stock
b) Investors in a start-up who have equity or own part of the business
c) People with money in Money-market or IRA accounts with stock investments
d) All of the above - ANSW-d) All of the above
An entrepreneur is a person that:
a) Starts a new business
b) Runs a business alone, or with a small number of partners
c) Can run a small or large business
d) All of the above - ANSW-d) All of the above
Which of the following are NOT stakeholders for a business:
a) Employees
b) Partners
c) Competitors
d) All of the above are stakeholders - ANSW-d) All of the above are stakeholders
An example of a natural force in the business macro-environment is:
a) Global Warming
b) Tornado that wipes out a manufacturing plant
c) Both a & b
d) None of the above - ANSW-c) Both a & b
*A decision by the FDA to approve a new type of pharmaceutical is an example of a:
a) Economic Force
b) Political Force
c) Technological Force
d) None of the above - ANSW-c) Technological Force
The macro-business environment impacts: - ANSW-All companies
A disadvantage of Sole Proprietorship is: - ANSW-Unlimited Liability
Sole proprietorships represent the: - ANSW-Majority of all U.S. Businesses
General Partnerships have the advantage of: - ANSW-More talent and resources from partners
General partnership disadvantages include:
study set | Questions and verified study
solutions
The "classic" purpose of a business is to: - ANSW-Build shareholder value
Senior management, in particular CEO/Presidents act as ________ for shareholders. - ANSW-Agents
Shareholders include:
a) People who specifically purchased/own shares of company stock
b) Investors in a start-up who have equity or own part of the business
c) People with money in Money-market or IRA accounts with stock investments
d) All of the above - ANSW-d) All of the above
An entrepreneur is a person that:
a) Starts a new business
b) Runs a business alone, or with a small number of partners
c) Can run a small or large business
d) All of the above - ANSW-d) All of the above
Which of the following are NOT stakeholders for a business:
a) Employees
b) Partners
c) Competitors
d) All of the above are stakeholders - ANSW-d) All of the above are stakeholders
An example of a natural force in the business macro-environment is:
a) Global Warming
b) Tornado that wipes out a manufacturing plant
c) Both a & b
d) None of the above - ANSW-c) Both a & b
*A decision by the FDA to approve a new type of pharmaceutical is an example of a:
a) Economic Force
b) Political Force
c) Technological Force
d) None of the above - ANSW-c) Technological Force
The macro-business environment impacts: - ANSW-All companies
A disadvantage of Sole Proprietorship is: - ANSW-Unlimited Liability
Sole proprietorships represent the: - ANSW-Majority of all U.S. Businesses
General Partnerships have the advantage of: - ANSW-More talent and resources from partners
General partnership disadvantages include:
