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Exam (elaborations)

Bus 115 Exam Questions With Answers

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BUS 115 EXAM QUESTIONS WITH ANSWERS

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Who has been a very successful investor over the years?


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Peter Lynch




Which exchanges are reported in the stock report at the end of the day?

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The NASDAQ




What does the term 'Moral Hazard' refer to?


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A situation in which one party gets involved in a risky event knowing that
they are protected against the risk and the other party will incur the cost




Why are people moving out of New York city and relocating in states such as Florida
and Texas?


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All of the above (High taxes, Crime, Large number of homeless on the
street)




What is the function of a purchasing agent?


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"The function that searches for high quality materials and resources, finds
the best suppliers, and negotiates the best price for goods and services"

, What is the definition of Production Management?


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"A specialized area in Management that transforms or converts resources
into goods and services"




What company does Warren Buffet own?


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Berkshire Hathaway




What are the two types of Accounting?


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Managerial and Financial Accounting




Where would be the 'safest' investment for your money?


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Bank Savings Account

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