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Exam (elaborations)

BA 101 MIDTERM 1 UO QUESTIONS WITH CORRECT ANSWERS

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BA 101 MIDTERM 1 UO QUESTIONS WITH CORRECT ANSWERS










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Uploaded on
May 22, 2025
Number of pages
10
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

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Private enterprise system requires existence of these four conditions:


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Ownership of private property
Freedom of Choice
Right to keep profits
Environment allowing fair competition

, How do you use Fastrack to figure out what a company spent on manufacturing
sensors?


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Look at variable cost




Market Research is designed to


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help determine what is important to customers and how they want product
to perform




Accumulated depreciation represents


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the total depreciation over the life of the company's assets




In the fishing story, what best describes the concept of wealth?


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all of the material items in anyone's possession

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