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BUS 301 - TEST 3 EXAM 2025 |240 QUESTIONS AND ANSWERS

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BUS 301 - TEST 3 EXAM 2025 |240 QUESTIONS AND ANSWERS

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1 of 240

Term



According to Hofstede, which of the following is an implication of
high collectivism?



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Hiring and promotion is based on
Hiring and promotion is random
seniority

, Hiring and promotion takes Hiring and promotion based solely
in-group into consideration on merit


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2 of 240

Term



Which of these is a general description of how the firm will try to
accomplish the firm's vision?



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Business plan Executive summary




Mission statement Marketing plan


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3 of 240

Term



A firm's internal environment contains elements that can impact the
firm but are generally beyond its direct control.



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, debt false




true threats


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4 of 240

Term



Businesses close down for many reasons. Which of the following is
NOT a typical reason for a business failure?



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The owner received too much The business had too many
investment. customers.




The business was too successful Expenses were lower than
and expanded too quickly. the owner expected.


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, 5 of 240

Term



According to Hofstede, which of the following is an implication of
high uncertainty avoidance?



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Rational championing Preference for larger companies




Innovation resisted Avoidance of taxes


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6 of 240

Term


Andy Yocom saw prime advertising space on the flags on the golf
course. He reasoned that any marketing messages would get
prominent attention if they were placed on the flags since golfers
focus on them when they take their shots. As a result, Yocom used
his own initiative and money to start Invision Golf Group Inc.
Yocom is an example of a(n):



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micropreneur venture capitalist

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