BADM Final Exam Questions with
Complete Answers
____________ _____________ is the administration of business practices to create
the highest level of efficiency possible within an organization. It is concerned with
converting materials and labor into goods and services as efficiently as possible to
maximize the profit of an organization. - ANSWER-Operations management
In the BADM120 you learned of a particular source you could use to discover facts
about the nations of the world--facts ranging from population to economic to cultural.
In particular we observed figures from _________ ___________ (two words)
regarding the per capita GDP of China compared to that of the United States. -
ANSWER-World Factbook
_______ (7 letters) is a term for matters regarding the acquisition and use of funds
especially by corporations and individuals. It includes the management, creation, and
study of money and investments. - ANSWER-Finance
A central focus of corporate social responsibility demands on business is the
environment. To incentivize businesses to be good environmental stewards, ______
_______ (two c words) were devised as a market-oriented mechanism to reduce
greenhouse gas emissions. A company will be fined for exceeding an emission
standard but can earn "kudos" to sell (or keep) if it pollutes at a level lower than the
standard. - ANSWER-carbon credits
Part of the overall management task is _____ ________ (HR) management--the
division of a business that is charged with finding, screening, recruiting, and training
job applicants, as well as administering employee-benefit programs. HR plays a key
role in helping companies deal with a fast-changing business environment and a
greater demand for quality employees in the 21st centur - ANSWER-human resource
Perhaps you can develop a product that is better than the SoapStandle, which
entrepreneur Mr. Gould sold for around _____. - ANSWER-$5
The U.S. _________________________ (SEC four words) is an independent federal
government regulatory agency responsible for protecting investors, maintaining fair
and orderly functioning of the securities markets, and facilitating capital formation. It
was created by Congress in 1934 as the first federal regulator of the securities
markets. The SEC promotes full public disclosure, protects investors against
fraudulent and manipulative practices in the market, and monitors corporate takeover
actions in the United States. - ANSWER-Securities and Exchange Commission
A corporation's top management is ultimately responsible for __________
___________ (SM in our topics). That means helping their company find ways to be
, more competitive by crafting a plan and putting it into practice. - ANSWER-strategy
management
Name the shortest (number of letters) and the longest of the 4 P's of marketing. (no
punctuation one space between) - ANSWER-place promotion
The employment doctrine in the United States is __ _____ (two words hyphenated)
employment--meaning that either the employer or employee can end the
employment relationship for almost any reason without breaking any law.p -
ANSWER-at-will
The process of ________ (one of our ten topics) is that of bringing a product to
market, which includes these steps: researching customer needs and wants,
targeting a product or service to a particular demographic or socioeconomic group,
determining distribution, pricing and promotion strategies, and developing a
communications strategy; - ANSWER-marketing
In order which countries have the largest and second largest populations in the
world? - ANSWER-China India
The PMI __________________________ (three words in PMI) is a measure of the
prevailing direction of economic trends in the manufacturing and service sectors. It
summarizes whether market conditions are expanding, staying the same, or
contracting. The purpose of the PMI is to provide information about current and
future business conditions to company decision makers, analysts, and investors. -
ANSWER-purchasing manager's index
What is the stock symbol for either Dollar General or Dollar Tree? Only one please. -
ANSWER-DG
Inevitably, humans are faced with limited resources and unlimited needs and wants.
We have to make choices. __________ is the study of how humans make choices
under conditions of scarcity. These decisions can be made by governments,
individuals, families, businesses, or societies and involve supply of and demand for
those resources. - ANSWER-Economics
Factors of production is an economic term that describes the inputs used in the
production of goods or services in order to make an economic profit. These include
any resource needed for the creation of a good or service. Name the factors of
production ____ _____ _______ ___________ (four words l l c e no punctuation one
space between). - ANSWER-land labor capital entrepreneurship
Following an ice cream making correspondence course, Jerry Greenfield and Ben
Cohen paired $8,000 in savings with a $4,000 loan, leased a Burlington, Vt., gas
station and purchased equipment to create uniquely flavored ice cream for the local
market. Twenty years later, Ben & Jerry's hauls in millions in annual revenue.
Ben and Jerry are good examples of ________________ (e word ends with p) in
action--taking the risk to start a business. - ANSWER-entrepreneurship
Use one D word to name this big four accounting firm. - ANSWER-Deloitte
Complete Answers
____________ _____________ is the administration of business practices to create
the highest level of efficiency possible within an organization. It is concerned with
converting materials and labor into goods and services as efficiently as possible to
maximize the profit of an organization. - ANSWER-Operations management
In the BADM120 you learned of a particular source you could use to discover facts
about the nations of the world--facts ranging from population to economic to cultural.
In particular we observed figures from _________ ___________ (two words)
regarding the per capita GDP of China compared to that of the United States. -
ANSWER-World Factbook
_______ (7 letters) is a term for matters regarding the acquisition and use of funds
especially by corporations and individuals. It includes the management, creation, and
study of money and investments. - ANSWER-Finance
A central focus of corporate social responsibility demands on business is the
environment. To incentivize businesses to be good environmental stewards, ______
_______ (two c words) were devised as a market-oriented mechanism to reduce
greenhouse gas emissions. A company will be fined for exceeding an emission
standard but can earn "kudos" to sell (or keep) if it pollutes at a level lower than the
standard. - ANSWER-carbon credits
Part of the overall management task is _____ ________ (HR) management--the
division of a business that is charged with finding, screening, recruiting, and training
job applicants, as well as administering employee-benefit programs. HR plays a key
role in helping companies deal with a fast-changing business environment and a
greater demand for quality employees in the 21st centur - ANSWER-human resource
Perhaps you can develop a product that is better than the SoapStandle, which
entrepreneur Mr. Gould sold for around _____. - ANSWER-$5
The U.S. _________________________ (SEC four words) is an independent federal
government regulatory agency responsible for protecting investors, maintaining fair
and orderly functioning of the securities markets, and facilitating capital formation. It
was created by Congress in 1934 as the first federal regulator of the securities
markets. The SEC promotes full public disclosure, protects investors against
fraudulent and manipulative practices in the market, and monitors corporate takeover
actions in the United States. - ANSWER-Securities and Exchange Commission
A corporation's top management is ultimately responsible for __________
___________ (SM in our topics). That means helping their company find ways to be
, more competitive by crafting a plan and putting it into practice. - ANSWER-strategy
management
Name the shortest (number of letters) and the longest of the 4 P's of marketing. (no
punctuation one space between) - ANSWER-place promotion
The employment doctrine in the United States is __ _____ (two words hyphenated)
employment--meaning that either the employer or employee can end the
employment relationship for almost any reason without breaking any law.p -
ANSWER-at-will
The process of ________ (one of our ten topics) is that of bringing a product to
market, which includes these steps: researching customer needs and wants,
targeting a product or service to a particular demographic or socioeconomic group,
determining distribution, pricing and promotion strategies, and developing a
communications strategy; - ANSWER-marketing
In order which countries have the largest and second largest populations in the
world? - ANSWER-China India
The PMI __________________________ (three words in PMI) is a measure of the
prevailing direction of economic trends in the manufacturing and service sectors. It
summarizes whether market conditions are expanding, staying the same, or
contracting. The purpose of the PMI is to provide information about current and
future business conditions to company decision makers, analysts, and investors. -
ANSWER-purchasing manager's index
What is the stock symbol for either Dollar General or Dollar Tree? Only one please. -
ANSWER-DG
Inevitably, humans are faced with limited resources and unlimited needs and wants.
We have to make choices. __________ is the study of how humans make choices
under conditions of scarcity. These decisions can be made by governments,
individuals, families, businesses, or societies and involve supply of and demand for
those resources. - ANSWER-Economics
Factors of production is an economic term that describes the inputs used in the
production of goods or services in order to make an economic profit. These include
any resource needed for the creation of a good or service. Name the factors of
production ____ _____ _______ ___________ (four words l l c e no punctuation one
space between). - ANSWER-land labor capital entrepreneurship
Following an ice cream making correspondence course, Jerry Greenfield and Ben
Cohen paired $8,000 in savings with a $4,000 loan, leased a Burlington, Vt., gas
station and purchased equipment to create uniquely flavored ice cream for the local
market. Twenty years later, Ben & Jerry's hauls in millions in annual revenue.
Ben and Jerry are good examples of ________________ (e word ends with p) in
action--taking the risk to start a business. - ANSWER-entrepreneurship
Use one D word to name this big four accounting firm. - ANSWER-Deloitte
