BUSI 1301 Study guides, Class notes & Summaries

The ultimate benefit that most businesses seek from marketing is _____. - Answer a. long-term profitability Which of the following marketing strategies can most likely help in pursuing personal goals such as seeking a new job or getting a university admission? - Answer d. People marketing The tourism board of Kurania, a small country with several beautiful landscapes, recently launched an advertisement campaign using stunning visuals of the country's landscapes. This advertisement campaig...

Business - Answer Any activity that seeks to provide goods and services to others while operating at a profit. Entrepreneur - Answer A person who risks time and money to start and manage a business. Revenue - Answer The total amount of money a business takes in during a given period by selling goods and services. Profit - Answer The amount of money a business earns above and beyond what it spends for salaries and other expenses. Loss - Answer Occurs when a business's expenses a...

Tone at the top - ANSWER-ethical tone set by top management; Sarah is a manager who supports ethics and compliance at her company by clearly communicating company expectations for ethical behavior to all employees. Which of the following statements is true regarding business ethics and social responsibility? - ANSWER-Companies can be both profitable and socially responsible. Which of the following is true of how the mass media reports on the ethical conduct of businesses? - ANSWER-The ma...

When Ruben wanted to start a new online news service, he was skeptical about investing in it because of the financial crisis in his country. However, he was put at ease after learning about the government's policy of levying low federal taxes on startup businesses. In this context, which dimension of the business environment is affected the most? - ANSWER-The economic environment Digital natives only spend when a business offers them value. T/F - ANSWER-True Ricord Books, a publication ho...

Common stock - ANSWER-Mark owns stock in Walgreens. He has the right to vote on company issues and examine corporate records, and he receives dividends from Walgreens' profits. What type of stock does Mark own? a. "A" class b. Preferred c. Proxy d. Dividend e. Common****** Closed corporation. - ANSWER-Shares of Burger House stock cannot be purchased on any stock exchange or by just any individual. This means that Burger House is a(n) a. partnership. b. open corporation....

BBusiness - ANSWER-Any activity that seeks to provide goods and services to others while operating at a profit. Entrepreneur - ANSWER-A person who risks time and money to start and manage a business. Revenue - ANSWER-The total amount of money a business takes in during a given period by selling goods and services. Profit - ANSWER-The amount of money a business earns above and beyond what it spends for salaries and other expenses. Loss - ANSWER-Occurs when a business's expenses are m...

The consumer price index (CPI) - ANSWER-e. is a monthly index that tracks the prices paid by consumers A system where the basic economic questions are determined, at least to some degree, through centralized government planning is referred to as a ____ economy. - ANSWER-a. command The business cycle has two phases; - ANSWER-c. recession and expansion. Growth in the standard of living measured by the increase in - ANSWER-d. real GDP per person Items bought by businesses to help produc...

Products have tangible attributes only - ANSWER-False The goal of business activities is profit - ANSWER-True Nonprofit organization such as habitat for humanity do not engage in management, marketing, or finance activities. - ANSWER-False Profit is what it cost to make and sell a product - ANSWER-False Businesses have the right to keep and use their profits as they choose, without limitations. - ANSWER-False Businesses differ from nonprofit organizations in that a business's foc...

FINAL EXAM REVIEW The principles and standards that determine acceptable conduct in business organizations are a. social responsibility. b. business strategies. c. business ethics. d. business stances. e. corporate citizenship. Which of the following statements is true regarding business ethics and social responsibility? a. All actions deemed unethical by society are also illegal. b. The concerns of what is legal and ethical do not change over time. c. The terms social responsibility ...