BADM FINAL EXAM QUESTIONS WITH
COMPLETE SOLUTIONS
We observed in class, and studies of successful entrepreneurs have shown, that they
possess certain characteristics that differentiate them from the average Joe like me.
Which of the following is characteristic of successful entrepreneurs? - Correct Answers -
They have a higher level of risk tolerance than most people.
One popular measure of a corporation's size is market ___________, often referred to
in its shorter form as "market cap". It is the aggregate market value of a company
represented in dollar amount. Since it represents the "market" value of a company, it is
computed based on the current market price of a share multiplied by the total number of
outstanding shares. - Correct Answers -capitalization
The _____________ _____________ (two words), an influential group of some 200
corporate CEOs headed by Chase's Jamie Dimon, met in August of 2019 to "redefine"
the purpose of a corporation to emphasize a commitment to all stakeholders, not just to
stockholders. Critics think the meeting and resulting statement of purpose were mostly
for show and publicity. - Correct Answers -Business Roundtable
____________ _____________ is the administration of business practices to create the
highest level of efficiency possible within an organization. It is concerned with
converting materials and labor into goods and services as efficiently as possible to
maximize the profit of an organization. - Correct Answers -Operations management
In the BADM120 you learned of a particular source you could use to discover facts
about the nations of the world--facts ranging from population to economic to cultural. In
particular we observed figures from _________ ___________ (two words) regarding the
per capita GDP of China compared to that of the United States. - Correct Answers -
World Factbook
_______ (7 letters) is a term for matters regarding the acquisition and use of funds
especially by corporations and individuals. It includes the management, creation, and
study of money and investments. - Correct Answers -Finance
A central focus of corporate social responsibility demands on business is the
environment. To incentivize businesses to be good environmental stewards, ______
_______ (two c words) were devised as a market-oriented mechanism to reduce
greenhouse gas emissions. A company will be fined for exceeding an emission
, standard but can earn "kudos" to sell (or keep) if it pollutes at a level lower than the
standard. - Correct Answers -carbon credits
Part of the overall management task is _____ ________ (HR) management--the
division of a business that is charged with finding, screening, recruiting, and training job
applicants, as well as administering employee-benefit programs. HR plays a key role in
helping companies deal with a fast-changing business environment and a greater
demand for quality employees in the 21st centur - Correct Answers -human resource
Perhaps you can develop a product that is better than the SoapStandle, which
entrepreneur Mr. Gould sold for around _____. - Correct Answers -$5
The U.S. _________________________ (SEC four words) is an independent federal
government regulatory agency responsible for protecting investors, maintaining fair and
orderly functioning of the securities markets, and facilitating capital formation. It was
created by Congress in 1934 as the first federal regulator of the securities markets. The
SEC promotes full public disclosure, protects investors against fraudulent and
manipulative practices in the market, and monitors corporate takeover actions in the
United States. - Correct Answers -Securities and Exchange Commission
A corporation's top management is ultimately responsible for __________
___________ (SM in our topics). That means helping their company find ways to be
more competitive by crafting a plan and putting it into practice. - Correct Answers -
strategy management
Name the shortest (number of letters) and the longest of the 4 P's of marketing. (no
punctuation one space between) - Correct Answers -place promotion
The employment doctrine in the United States is __ _____ (two words hyphenated)
employment--meaning that either the employer or employee can end the employment
relationship for almost any reason without breaking any law.p - Correct Answers -at-will
The process of ________ (one of our ten topics) is that of bringing a product to market,
which includes these steps: researching customer needs and wants, targeting a product
or service to a particular demographic or socioeconomic group, determining distribution,
pricing and promotion strategies, and developing a communications strategy; - Correct
Answers -marketing
In order which countries have the largest and second largest populations in the world? -
Correct Answers -China India
Which of the following is not an item in BBB's code of conduct? - Correct Answers -
nurture the human spirit
The Small Business Administration has begun asking some PPP
___________________ borrowers to document why they need the loans, drawing
COMPLETE SOLUTIONS
We observed in class, and studies of successful entrepreneurs have shown, that they
possess certain characteristics that differentiate them from the average Joe like me.
Which of the following is characteristic of successful entrepreneurs? - Correct Answers -
They have a higher level of risk tolerance than most people.
One popular measure of a corporation's size is market ___________, often referred to
in its shorter form as "market cap". It is the aggregate market value of a company
represented in dollar amount. Since it represents the "market" value of a company, it is
computed based on the current market price of a share multiplied by the total number of
outstanding shares. - Correct Answers -capitalization
The _____________ _____________ (two words), an influential group of some 200
corporate CEOs headed by Chase's Jamie Dimon, met in August of 2019 to "redefine"
the purpose of a corporation to emphasize a commitment to all stakeholders, not just to
stockholders. Critics think the meeting and resulting statement of purpose were mostly
for show and publicity. - Correct Answers -Business Roundtable
____________ _____________ is the administration of business practices to create the
highest level of efficiency possible within an organization. It is concerned with
converting materials and labor into goods and services as efficiently as possible to
maximize the profit of an organization. - Correct Answers -Operations management
In the BADM120 you learned of a particular source you could use to discover facts
about the nations of the world--facts ranging from population to economic to cultural. In
particular we observed figures from _________ ___________ (two words) regarding the
per capita GDP of China compared to that of the United States. - Correct Answers -
World Factbook
_______ (7 letters) is a term for matters regarding the acquisition and use of funds
especially by corporations and individuals. It includes the management, creation, and
study of money and investments. - Correct Answers -Finance
A central focus of corporate social responsibility demands on business is the
environment. To incentivize businesses to be good environmental stewards, ______
_______ (two c words) were devised as a market-oriented mechanism to reduce
greenhouse gas emissions. A company will be fined for exceeding an emission
, standard but can earn "kudos" to sell (or keep) if it pollutes at a level lower than the
standard. - Correct Answers -carbon credits
Part of the overall management task is _____ ________ (HR) management--the
division of a business that is charged with finding, screening, recruiting, and training job
applicants, as well as administering employee-benefit programs. HR plays a key role in
helping companies deal with a fast-changing business environment and a greater
demand for quality employees in the 21st centur - Correct Answers -human resource
Perhaps you can develop a product that is better than the SoapStandle, which
entrepreneur Mr. Gould sold for around _____. - Correct Answers -$5
The U.S. _________________________ (SEC four words) is an independent federal
government regulatory agency responsible for protecting investors, maintaining fair and
orderly functioning of the securities markets, and facilitating capital formation. It was
created by Congress in 1934 as the first federal regulator of the securities markets. The
SEC promotes full public disclosure, protects investors against fraudulent and
manipulative practices in the market, and monitors corporate takeover actions in the
United States. - Correct Answers -Securities and Exchange Commission
A corporation's top management is ultimately responsible for __________
___________ (SM in our topics). That means helping their company find ways to be
more competitive by crafting a plan and putting it into practice. - Correct Answers -
strategy management
Name the shortest (number of letters) and the longest of the 4 P's of marketing. (no
punctuation one space between) - Correct Answers -place promotion
The employment doctrine in the United States is __ _____ (two words hyphenated)
employment--meaning that either the employer or employee can end the employment
relationship for almost any reason without breaking any law.p - Correct Answers -at-will
The process of ________ (one of our ten topics) is that of bringing a product to market,
which includes these steps: researching customer needs and wants, targeting a product
or service to a particular demographic or socioeconomic group, determining distribution,
pricing and promotion strategies, and developing a communications strategy; - Correct
Answers -marketing
In order which countries have the largest and second largest populations in the world? -
Correct Answers -China India
Which of the following is not an item in BBB's code of conduct? - Correct Answers -
nurture the human spirit
The Small Business Administration has begun asking some PPP
___________________ borrowers to document why they need the loans, drawing
