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Exam (elaborations)
BGSO Final Exam 2023 with 100% correct answers
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---12October 20232023/2024A+
- What are the benefits of government regulation of business? - correct answer 1. Helps business act ethically 
2. without it, one or more companies would control all of market 
3. destructive competition 
4. negative externalities 
5. safe and ethical products made 
6. protectionist rules (jobs) 
 
what are the costs of government regulation on business? - correct answer 1. too much red tae, doesn't allow for companies to be innovative 
2. costly to follow regulations (esp. small businesses)...
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Exam (elaborations)
BGSU EXAM 2023 WITH 100% CORRECT ANSWERS
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---5October 20232023/2024A+
- In working with downstream processes, internal operations managers typically work closely with: - correct answerMarketing and sales managers 
 
Jones Manufacturing sells a part to Lear Corporation. Lear puts this part into a radio, which Lear then sells to Ford. From Ford's point of view, Jones Manufacturing is a(n) __________ supplier. - correct answerTier 2 
 
An example of strategic planning is - correct answerDeciding where to locate a new manufacturing plant. 
 
Every organization opera...
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