BAM Exam Review (updated)
questions well answered
Whistle Blowers - correct answer ✔✔a person who informs on a person or organization
engaged in an illicit activity.
Outsourcing - correct answer ✔✔Having some other person/Firm do some activity which is part
of your business operation. Delivering product, arranging events, recruiting, developing
advertising.
Ethics - correct answer ✔✔Moral principles that govern a person's or group's behavior.
Social Responsibility - correct answer ✔✔the idea that businesses should balance profit-making
activities with activities that benefit society; it involves developing businesses with a positive
relationship to the society in which they operate.
Entrepreneur Intrepreneur - correct answer ✔✔An intrapreneur is an inside entrepreneur, or an
entrepreneur within a large firm, who uses entrepreneurial skills without incurring the risks
associated with those activities. Intrapreneurs are usually employees within a company who are
assigned to work on a special idea or project, and they are instructed to develop the project like
an entrepreneur would. Intrapreneurs usually have the resources and capabilities of the firm at
their disposal.
GNP GDP - correct answer ✔✔(Gross National Product) (Gross Domestic Product)
PDOC - correct answer ✔✔Planing, Directing, Organizing, Controlling
Oligopoly - correct answer ✔✔When on industry has only a handful of very large sellers,.
questions well answered
Whistle Blowers - correct answer ✔✔a person who informs on a person or organization
engaged in an illicit activity.
Outsourcing - correct answer ✔✔Having some other person/Firm do some activity which is part
of your business operation. Delivering product, arranging events, recruiting, developing
advertising.
Ethics - correct answer ✔✔Moral principles that govern a person's or group's behavior.
Social Responsibility - correct answer ✔✔the idea that businesses should balance profit-making
activities with activities that benefit society; it involves developing businesses with a positive
relationship to the society in which they operate.
Entrepreneur Intrepreneur - correct answer ✔✔An intrapreneur is an inside entrepreneur, or an
entrepreneur within a large firm, who uses entrepreneurial skills without incurring the risks
associated with those activities. Intrapreneurs are usually employees within a company who are
assigned to work on a special idea or project, and they are instructed to develop the project like
an entrepreneur would. Intrapreneurs usually have the resources and capabilities of the firm at
their disposal.
GNP GDP - correct answer ✔✔(Gross National Product) (Gross Domestic Product)
PDOC - correct answer ✔✔Planing, Directing, Organizing, Controlling
Oligopoly - correct answer ✔✔When on industry has only a handful of very large sellers,.
