BUSN 201 EXAM 1 QUESTIONS WITH ACCURATE
ANSWERS
a good is a correct answer tangible
a is any activity that provides goods or services to consumers for the purpose of
making a profit correct answer business
a profit is correct answer difference between revenue that a company brings in
from selling goods and services and the costs of generating this revenue
a service is correct answer company for provided needs
An unwritten rule and school/workplace ethics is correct answer texting on
cellphones during class and during meetings
as a producer and seller of athletic shoes, apparel, and equipment, Nike sells
correct answer goods
as factors of production--equipment, buildings, vehicles, and cash are considered
correct answer capital
as part of their business plan, Martin Guitars identify their customers' needs,
design products to meet those needs, and manage customer relationships. in this
respect, they're engaged in correct answer marketing
, can a group be too high in cohesiveness? correct answer yes, members can get
too wrapped up in more immediate team goals, the team can lose sight of larger
organizational goals
capitalism is correct answer an economic system that consists of the lowest level
of government control over allocation/ distribution
communism is correct answer an economic system that consists of the highest
level of government control over allocation/ distribution
customer feedback in the customer survey incident can not be obtained through
correct answer cold calling customers
define accounting correct answer system for measure and summarizing business
activities, interpreting financial information, and communicating the results to
management and other decision makers
define assets correct answer inventory owned by a business
define equity correct answer personal contributions to a business
define liabilities correct answer amounts owed to a local bank, typically a loan
demand is correct answer the quantity of a product that buyers are willing to
purchase at various prices
ANSWERS
a good is a correct answer tangible
a is any activity that provides goods or services to consumers for the purpose of
making a profit correct answer business
a profit is correct answer difference between revenue that a company brings in
from selling goods and services and the costs of generating this revenue
a service is correct answer company for provided needs
An unwritten rule and school/workplace ethics is correct answer texting on
cellphones during class and during meetings
as a producer and seller of athletic shoes, apparel, and equipment, Nike sells
correct answer goods
as factors of production--equipment, buildings, vehicles, and cash are considered
correct answer capital
as part of their business plan, Martin Guitars identify their customers' needs,
design products to meet those needs, and manage customer relationships. in this
respect, they're engaged in correct answer marketing
, can a group be too high in cohesiveness? correct answer yes, members can get
too wrapped up in more immediate team goals, the team can lose sight of larger
organizational goals
capitalism is correct answer an economic system that consists of the lowest level
of government control over allocation/ distribution
communism is correct answer an economic system that consists of the highest
level of government control over allocation/ distribution
customer feedback in the customer survey incident can not be obtained through
correct answer cold calling customers
define accounting correct answer system for measure and summarizing business
activities, interpreting financial information, and communicating the results to
management and other decision makers
define assets correct answer inventory owned by a business
define equity correct answer personal contributions to a business
define liabilities correct answer amounts owed to a local bank, typically a loan
demand is correct answer the quantity of a product that buyers are willing to
purchase at various prices
