Busi 100 Exam Questions with Verified Correct
Answers
Thoreau notes that most of his townsmen have learned to read not only to keep accounts
and not be cheated in trade but also as a noble intellectual exercise
False
Brad has no personal connection to which (singstreet, sandlot, yo gabba gabba)
Sing street
Plato felt that the fundamental key in the development of an economy was
More things are produced and better and more easily when one man performs one task according
to nature at the right moment and at leisure from other occupations
(T/F) Adam smith believed that the individuals act in their own self-interest because they
know that this will lead to the greatest good for society as a whole
False
(T/F) during lecture, professor Hendricks noted some similarities between the logic
profession from an inquiry into the nature and causes of the wealth of nations by Adam
smith and the popular children's book "if you give a mouse a cookie"
False- Plato
During lecture we watched a brief video that Friedman narrated to illustrate basic free
market principles. In the video he indicated these pre in piles are quite simple and easily
understood when thinking about the production of____
,Pencils
(t/f)The key point in the Friedman doctrine is that in her capacity as a corporate exec, the
manager is the agent of the individuals who own the corporation, and her primary
responsibility is to conduct the business in accordance with their desires
True
Who would agree with this quote "I believe that with great wealth comes great
responsibility, a responsibility to give back to society and a responsibility to see that
resources are put to work in the best possible way to help the most in need
Carnegie
Without____, pavilions indicates that it is impossible for merchants "to conduct their
business for they would have no rest and their minds would always be troubled"
Systematically arranging all transactions
(t/F) Defoe indicates that if it is too tedious to keep books exact, partial book keeping still
provides many benefits to the merchant
False- all or nothing
What songs does Hendricks listen to the most
Stick season (Noah kahan)
To find cash
Add (borrowed + received cash from stock)- subtract( wages, equipment, rent)+ add(collected
money)
, Assets
Cash+amount left on rent+amount left of equipment+ (revenue-collected)
One plausible explanation for Du Bois observation that the value of farms in Dougherty
County, GA decreasing from 3 million in 1860 to 2 million in 1870 is that emancipation of
the slaves led the present value of cash flows for those farms to
Decrease because the cost of labor increased
(T/F)Ayn rand, in atlas shrugged, believed that the problem with society is the love of
money, not money itself
False- it's not money or love of money
Net present value
Write out the years given, put cash flows under each year, divide each by the discount
rate^(power of the year), add them up, take out the initial cash flow at beginning of problem
What name did professor Hendricks not get wrong
Tanja
(T/F)During lecture, professor Hendricks highlighted a recent report from the UN that
indicated there are fifty million people stuck in modern slavery, significant increase
True
Equity stake worth on date
How much he invested+other equity from investors. Sort the investment, get to the year, take out
the debt, then take the percent the person owns
Answers
Thoreau notes that most of his townsmen have learned to read not only to keep accounts
and not be cheated in trade but also as a noble intellectual exercise
False
Brad has no personal connection to which (singstreet, sandlot, yo gabba gabba)
Sing street
Plato felt that the fundamental key in the development of an economy was
More things are produced and better and more easily when one man performs one task according
to nature at the right moment and at leisure from other occupations
(T/F) Adam smith believed that the individuals act in their own self-interest because they
know that this will lead to the greatest good for society as a whole
False
(T/F) during lecture, professor Hendricks noted some similarities between the logic
profession from an inquiry into the nature and causes of the wealth of nations by Adam
smith and the popular children's book "if you give a mouse a cookie"
False- Plato
During lecture we watched a brief video that Friedman narrated to illustrate basic free
market principles. In the video he indicated these pre in piles are quite simple and easily
understood when thinking about the production of____
,Pencils
(t/f)The key point in the Friedman doctrine is that in her capacity as a corporate exec, the
manager is the agent of the individuals who own the corporation, and her primary
responsibility is to conduct the business in accordance with their desires
True
Who would agree with this quote "I believe that with great wealth comes great
responsibility, a responsibility to give back to society and a responsibility to see that
resources are put to work in the best possible way to help the most in need
Carnegie
Without____, pavilions indicates that it is impossible for merchants "to conduct their
business for they would have no rest and their minds would always be troubled"
Systematically arranging all transactions
(t/F) Defoe indicates that if it is too tedious to keep books exact, partial book keeping still
provides many benefits to the merchant
False- all or nothing
What songs does Hendricks listen to the most
Stick season (Noah kahan)
To find cash
Add (borrowed + received cash from stock)- subtract( wages, equipment, rent)+ add(collected
money)
, Assets
Cash+amount left on rent+amount left of equipment+ (revenue-collected)
One plausible explanation for Du Bois observation that the value of farms in Dougherty
County, GA decreasing from 3 million in 1860 to 2 million in 1870 is that emancipation of
the slaves led the present value of cash flows for those farms to
Decrease because the cost of labor increased
(T/F)Ayn rand, in atlas shrugged, believed that the problem with society is the love of
money, not money itself
False- it's not money or love of money
Net present value
Write out the years given, put cash flows under each year, divide each by the discount
rate^(power of the year), add them up, take out the initial cash flow at beginning of problem
What name did professor Hendricks not get wrong
Tanja
(T/F)During lecture, professor Hendricks highlighted a recent report from the UN that
indicated there are fifty million people stuck in modern slavery, significant increase
True
Equity stake worth on date
How much he invested+other equity from investors. Sort the investment, get to the year, take out
the debt, then take the percent the person owns
