BUS 101 Exam 2 (Ch 6-9) questions with verified
answers
360-Degree Performance Appraisal Ans✓✓✓include the ratings from
two or more raters
more legally defensible than traditional top-down ratings because they
are less likely to exhibit bias and offer a more comprehensive
perspective of the job candidate
absolute advantage Ans✓✓✓when a country can produce a product
more efficiently than others (less inputs/cheaply) - raw productivity
accounting Ans✓✓✓GOAR - gathering, organizing, analyzing,
reporting
acquisition Ans✓✓✓one company acquires another company, usually
by purchasing it from its owners
balance of trade Ans✓✓✓the difference between a country's total
exports and total imports
= exports - imports
balance sheet/ accounting equation Ans✓✓✓Assets = Liabilities +
Owner's Equity
, C Corporation Ans✓✓✓US business organization structure that
provides several non-tax benefits (such as limited liability for the
owners) and is popular as a staging base for raising large amount of
investment capital by going public.
double taxation and dividend
allow foreign members
comparative advantage Ans✓✓✓the idea that countries and businesses
should specialize in the production of goods in which they have a lower
opportunity cost
conglomerates Ans✓✓✓Mergers or acquisitions where the companies
are not in the same industry or do not provide access to customers or
supplies.
contract manufacturing Ans✓✓✓allows for more control in accessing
international markets by simply allowing a foreign company the ability
to produce their product
corporation Ans✓✓✓a legal entity created and recognized by state law
with assets and liabilities separate from those of its owners
dividend Ans✓✓✓a percentage of the profits that is distributed to each
shareholder and once received, they too must pay an income tax on
amount of the dividend received
answers
360-Degree Performance Appraisal Ans✓✓✓include the ratings from
two or more raters
more legally defensible than traditional top-down ratings because they
are less likely to exhibit bias and offer a more comprehensive
perspective of the job candidate
absolute advantage Ans✓✓✓when a country can produce a product
more efficiently than others (less inputs/cheaply) - raw productivity
accounting Ans✓✓✓GOAR - gathering, organizing, analyzing,
reporting
acquisition Ans✓✓✓one company acquires another company, usually
by purchasing it from its owners
balance of trade Ans✓✓✓the difference between a country's total
exports and total imports
= exports - imports
balance sheet/ accounting equation Ans✓✓✓Assets = Liabilities +
Owner's Equity
, C Corporation Ans✓✓✓US business organization structure that
provides several non-tax benefits (such as limited liability for the
owners) and is popular as a staging base for raising large amount of
investment capital by going public.
double taxation and dividend
allow foreign members
comparative advantage Ans✓✓✓the idea that countries and businesses
should specialize in the production of goods in which they have a lower
opportunity cost
conglomerates Ans✓✓✓Mergers or acquisitions where the companies
are not in the same industry or do not provide access to customers or
supplies.
contract manufacturing Ans✓✓✓allows for more control in accessing
international markets by simply allowing a foreign company the ability
to produce their product
corporation Ans✓✓✓a legal entity created and recognized by state law
with assets and liabilities separate from those of its owners
dividend Ans✓✓✓a percentage of the profits that is distributed to each
shareholder and once received, they too must pay an income tax on
amount of the dividend received
