BUSN 201 - FINAL EXAM STUDY GUIDE QUESTIONS
WITH ACCURATE ANSWERS
Accounting correct answer Practice of systematically recording, measuring,
analyzing, and communicating information.
Accounting Process correct answer Phase 0: Gather all groups of sustainability
info (triple bottom line,
stakeholders, ethics)
■ Phase1: measure social and environmental benefits and costs
■ Phase 2: Report/disseminate info to stakeholders
■ Phase 3: use accounting info to make decisions
■ Goal: stakeholder accountability - provides info to stakeholders to enable
them to keep the company accountable
Accounting Process: Data Evaluation correct answer Measure social and
environmental benefits and costs and consider impacts on both the company and
society, both current and future.
Accounting Process: Data Gathering correct answer Identify all the broad groups
of sustainability informatino required and prioritize them.
Accounting Process: Goal: Stakeholder Accountability correct answer Give an
explanation and justification to relevant stakeholders for organization's
judgements, intentions, acts, and ommisions.
, Accounting Process: Management Control correct answer Use the accounting
information to measure and control activities and to assist with data the decision-
making processes.
Accounting Process: Reporting correct answer Dissemination of information to
internal and external users.
Advancing diversity correct answer PM processes can be leveraged to create an
inclusive culture where the entire workforce can contribute to greater innovation,
improved customer relationships, reduced workplace conflict and enjoy higher
motivation, productivity and workplace loyalty.
Analyze Process: Phase 1 correct answer Phase 1 would identify the process of
how this would occur (for example, cashier hands the customer a cup and the
customer pays for it before heading to the dispenser where the customer can get
ice, his or her own choice of available beverages, and a lid).
Analyze Process: Phase 2 correct answer Phase 2 (be efficient) would address
whether this change improves efficiency.
Analyze Process: Phase 3 correct answer Phase 3 (be effective) would address
whether these changes improve effectiveness.
Circular Economy correct answer Production-consumption system that creates
circular flow of materials and energy where the by-product of one process is used
as the raw material for the next.
Controlling correct answer Controlling is the attempt to complete the
management circle, providing feedback to help monitor performance, and make
WITH ACCURATE ANSWERS
Accounting correct answer Practice of systematically recording, measuring,
analyzing, and communicating information.
Accounting Process correct answer Phase 0: Gather all groups of sustainability
info (triple bottom line,
stakeholders, ethics)
■ Phase1: measure social and environmental benefits and costs
■ Phase 2: Report/disseminate info to stakeholders
■ Phase 3: use accounting info to make decisions
■ Goal: stakeholder accountability - provides info to stakeholders to enable
them to keep the company accountable
Accounting Process: Data Evaluation correct answer Measure social and
environmental benefits and costs and consider impacts on both the company and
society, both current and future.
Accounting Process: Data Gathering correct answer Identify all the broad groups
of sustainability informatino required and prioritize them.
Accounting Process: Goal: Stakeholder Accountability correct answer Give an
explanation and justification to relevant stakeholders for organization's
judgements, intentions, acts, and ommisions.
, Accounting Process: Management Control correct answer Use the accounting
information to measure and control activities and to assist with data the decision-
making processes.
Accounting Process: Reporting correct answer Dissemination of information to
internal and external users.
Advancing diversity correct answer PM processes can be leveraged to create an
inclusive culture where the entire workforce can contribute to greater innovation,
improved customer relationships, reduced workplace conflict and enjoy higher
motivation, productivity and workplace loyalty.
Analyze Process: Phase 1 correct answer Phase 1 would identify the process of
how this would occur (for example, cashier hands the customer a cup and the
customer pays for it before heading to the dispenser where the customer can get
ice, his or her own choice of available beverages, and a lid).
Analyze Process: Phase 2 correct answer Phase 2 (be efficient) would address
whether this change improves efficiency.
Analyze Process: Phase 3 correct answer Phase 3 (be effective) would address
whether these changes improve effectiveness.
Circular Economy correct answer Production-consumption system that creates
circular flow of materials and energy where the by-product of one process is used
as the raw material for the next.
Controlling correct answer Controlling is the attempt to complete the
management circle, providing feedback to help monitor performance, and make
