Study guides, Class notes & Summaries

BUS 201 FINAL EXAM QUESTIONS AND ANSWERS

BUS201 Final Exam - Prof. Dean Hines- These are all correct!

Benchmarks correct answer: constitution treaties constitution as a benchmark (source of the law) correct answer: divine document, all laws must comply with the Constitution. Our rights are protected through it. Establishes the checks and balances of the government(limits it). 3 branches of government correct answer: legislative: makes laws executive: president judicial: courts treaties as a benchmark (source of the law) correct answer: laws passed between countries executive o...

Describe what stressors are as well as the outcomes of stress. correct answer: events or contexts that cause a stress reaction by elevating levels of adrenaline and forcing a physical or mental response Physiological: nervousness, headaches, anger Psychological: Depression and anxiety Work outcomes: worse job attitudes, decrease in performance Describe individual differences in experienced stress. correct answer: Type A: unchecked stress can lead to illness over time, tend to have ...

Benefits of a corporation include easier to transfer ownership, raise funds, and no personal liability. Stockholders' equity is comprised of common stock and retained earnings the definition of accounting the info system that identifies records, and communicates economic events of an organization to interested users. Borrowing money is an example of a financing activity The essential point of the double entry system of accounting is that every transaction affects two or more ledger ...

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...