simon fraser university (SFU )

BUS 201 Quizzes Questions And Answers With Complete Solutions

BUS 201 Exam Questions And Answers With Complete Solutions

UCC correct answer: modifies terms of a contract that are silent Sale correct answer: Passing title from seller to buyer for a price. Price may be in cash or in other goods or services Article 2 correct answer: Modifies the common law of contracts in certain areas, especially if one of the parties is a merchant Goods correct answer: must be tangible and movable (not land, services or intangibles) Merchant correct answer: A merchant is one who deals in goods of the kind sold, and...

descriptive statistics correct answer: methods of organizing, summarizing, and presenting data in an informative way inferential statistics correct answer: A decision, estimate, prediction, or generalization about a population, based on a sample. Population correct answer: a collection of all possible individuals, objects or measurements of interest sample correct answer: a portion/part of the population of interest 1. prohibitive cost of census 2. destruction of item being stud...

Sustainability correct answer: meeting the needs of the present without compromising the ability of future generations to meet their own needs Triple Bottom Line correct answer: considering business from economic, environmental and social perspectives and measures business performances enlightened self interest correct answer: the realization that by helping others we are really helping ourselves in the end private market transaction correct answer: a loan that only involves the two...

T/F: Crimes are prosecuted by the government. correct answer: True T/F: The ethical responsibility of business if formed only by expectations employees have of employers. correct answer: False T/F: A court must have different types of jurisdiction to decide any particular case. correct answer: True T/F: In rem jurisdiction references jurisdiction over a person subject to an order of guardianship. correct answer: False T/F: In some cases, the U.S. Supreme Court functions as a...

Economic System correct answer: The way in which a nation allocates its resources among its citizens. Factors of Production correct answer: Resources used to produce goods and services. 4 factors: labour, capital, entrepreneurs and natural resources Command Economy correct answer: An economic system in which government controls all or most factors of production (eg. socialism) Market Economy correct answer: An economic system in which individuals control all or most factors of prod...

This document describes the prospective customers thoughts about an innovation from Translink, and includes an interview guide with questions that are important to answer before releasing a new innovation.

This is a project proposal for an innovation for Translink. It goes into depth in why this project should be pursued, and is linked to the course content about whats makes innovations successful.

This document describes how innovation affects your life, and why it is important.