INTRO TO BUSINESS
EXAM 1 QUESTIONS
AND VERIFIED
ANSWERS
, INTRO TO BUSINESS EXAM 1 QUESTIONS AND VERIFIED
ANSWERS
corporate culture - - Answer --company's shared values and norms
download - - Answer --to communicate all known information on a given project or topic.
drill down - - Answer --to inquire rigorously esp. to discover root causes and effects
ego wall - - Answer --wall in executive's office displaying self-congratulatory material as in
degrees, certifications, awards, and plaques.
externalities - - Answer --secondary or unintended consequence of business activities which
impacts unassociated entities.
face time - - Answer --in-person communication, especially in contrast to remote discourse via
electronic interface
future proof - - Answer --characterizing a product or service that will not be rendered obsolete by
subsequent technological or social advancements.
geek gap - - Answer --disparity in technical knowledge between those who create or implement
computer systems and those who acquire them.
globalization - - Answer --development of an increasingly interdependent multinational economy
resulting from free flow om capital goods and services.
golden handcuffs - - Answer --benefits preferred to keep employees in otherwise unsatisfying or
problematic jobs.
How should someone determine the best way to handle an ethical decision? - - Answer --Look
through the viewpoint of stakeholders
knowledge management - - Answer --company's approach to capturing, organizing, and
disseminating internal or proprietary information.
milker - - Answer --consultant who intentionally stalls a project in order to keep getting paid.
mind share - - Answer --proportion of a target demographic familiar with a company's products
or services.
Studies indicate that organizations that are profitable also practice ________. - - Answer --
Social Responsibility
What are business ethics? - - Answer --principles and standards that determine acceptable
conduct in business
What are the arguments against Social Responsibility? - - Answer --Sidetracks managers from
the primary goal of business. Participation give businesses greater power, perhaps at the
expense of particular segments of society. People question whether business has expertise
needed to assess and make decisions about social problems. People believe that social
EXAM 1 QUESTIONS
AND VERIFIED
ANSWERS
, INTRO TO BUSINESS EXAM 1 QUESTIONS AND VERIFIED
ANSWERS
corporate culture - - Answer --company's shared values and norms
download - - Answer --to communicate all known information on a given project or topic.
drill down - - Answer --to inquire rigorously esp. to discover root causes and effects
ego wall - - Answer --wall in executive's office displaying self-congratulatory material as in
degrees, certifications, awards, and plaques.
externalities - - Answer --secondary or unintended consequence of business activities which
impacts unassociated entities.
face time - - Answer --in-person communication, especially in contrast to remote discourse via
electronic interface
future proof - - Answer --characterizing a product or service that will not be rendered obsolete by
subsequent technological or social advancements.
geek gap - - Answer --disparity in technical knowledge between those who create or implement
computer systems and those who acquire them.
globalization - - Answer --development of an increasingly interdependent multinational economy
resulting from free flow om capital goods and services.
golden handcuffs - - Answer --benefits preferred to keep employees in otherwise unsatisfying or
problematic jobs.
How should someone determine the best way to handle an ethical decision? - - Answer --Look
through the viewpoint of stakeholders
knowledge management - - Answer --company's approach to capturing, organizing, and
disseminating internal or proprietary information.
milker - - Answer --consultant who intentionally stalls a project in order to keep getting paid.
mind share - - Answer --proportion of a target demographic familiar with a company's products
or services.
Studies indicate that organizations that are profitable also practice ________. - - Answer --
Social Responsibility
What are business ethics? - - Answer --principles and standards that determine acceptable
conduct in business
What are the arguments against Social Responsibility? - - Answer --Sidetracks managers from
the primary goal of business. Participation give businesses greater power, perhaps at the
expense of particular segments of society. People question whether business has expertise
needed to assess and make decisions about social problems. People believe that social
