Busi 1301 Study guides, Study notes & Summaries
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Business Principles BUSI 1301 Exam 1 questions with correct answers
- Exam (elaborations) • 17 pages • 2023
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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...
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BUSI 1301 Study Guide Final Answered 100% Correct
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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....
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BUSI 1301 Final Exam Review Answers 2022- Houston Community College
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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 ...
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BUSI 1301 midterm Exam with Complete Solutions
- Exam (elaborations) • 16 pages • 2023
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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...
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Business Principles BUSI 1301 Exam 1
- Exam (elaborations) • 10 pages • 2023
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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...
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CHAP 2. BUSI 1301 WITH COMPLETE SOLUTIONS 100%
- Exam (elaborations) • 6 pages • 2023
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CHAP 2. BUSI 1301 WITH COMPLETE SOLUTIONS 100%CHAP 2. BUSI 1301 WITH COMPLETE SOLUTIONS 100%
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Business Principles BUSI 1301 Exam 1 questions with correct answers
- Exam (elaborations) • 17 pages • 2023
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Business Principles BUSI 1301 Exam 1 questions with correct answers
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BUSI 1301 Final Exam Solved 100% Correct
- Exam (elaborations) • 9 pages • 2023
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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...
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Busi 1301 Final Practice Exam Solved 100% Complete
- Exam (elaborations) • 9 pages • 2023
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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...
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BUSI 1301 Exam 1 with Complete Solutions
- Exam (elaborations) • 4 pages • 2023
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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...
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