BA 1310 Final Exam Questions With
Verified Answers
Compounding - ANSWER This process of accumulation, as interest is paid on interest
that has already been earned, is called____
Interest Rate - ANSWER The opportunity cost to the bank of lending you money is
represented by the_______
Compounding - ANSWER This process of accumulation, as interest is paid on interest
that has already been earned, is called
Interest Rate - ANSWER charges you on the loan-the price of borrowing money for a
specified period of time, expressed as a percentage per dollar borrow and per unit of
time.
Present Value - ANSWER how much a certain amount of money that will be obtained in
the future is worth today is____
Risk - ANSWER _______exists when the cost or benefits of an event or choice are
uncertain
That figure is called expected value
Expected Value - ANSWER ______is the average of each possible
outcome of a future event, weighted by its probability of occurring
Risk Adverse - ANSWER Those who generally have low willingness to take on risk are
said to be______
Risk Pooling - ANSWER ____occurs when people organize themselves in a group to
collectively absorb the cost of the risk faced by each individual.
risk diversification - ANSWER _____refers to the process by which risk are shared
across many different assets of people.
Adverse Selection - ANSWER The first problem insurance companies face is____
Adverse Selection - ANSWER This concept
describes a state that occurs when buyers and sellers have different information about
the quality of a good or the riskiness of a situation
Moral Hazard - ANSWER the tendency for
, people to behave in a riskier way or to renege on contracts when they do not face the
full consequences of their actions.
Business Ethics - ANSWER the principle and standards that determine acceptable
conduct in business organizations.
Social Responsibility - ANSWER maximize positive impact and minimize its negative
impact on society.
Ethical Issue - ANSWER is an identifiable problem, situation, or opportunity that requires
a person to choose from among several actions that may be evaluated as right or wrong,
ethical, or unethical.
bribes - ANSWER it is considered improper to give or accept ________, which are
payments, gifts, or special favors intended to influence the outcome of a decision.
plagirism - ANSWER taking someone else's work and presenting it as your own without
mentioning
Codes Of Ethics - ANSWER are formalized rules and standards that describe what the
company expects of its employees.
Whistleblowing - ANSWER ccurs when an employee exposes an employer's
wrongdoings to outsiders, such as the media or government regulatory agencies
Consumerism - ANSWER The activities that independent individuals, groups, and
organizations undertake to protect their rights as consumers are know as________
Sustanability - ANSWER we define __________ as conduction activities in such a way as
to provide for the long-term well-being of the natural environment, including all
biological entities
Marketing - ANSWER ________is a group of activities designed to expedite transactions
by creating, distributing, pricing, and promoting goods, services, and ideas.
Exchange - ANSWER the act of giving up one thing (money, credit, labor, goods) in
return for something else (goods, services, or ideas)
value - ANSWER We view ______ as a customer's subjective assessment of benefits
relative to costs in determining the worth of a product (customer value = customer
benefits - customer costs)
Marketing Concept - ANSWER the idea that an organization should try to satisfy
customers' needs through coordinated activities that also allow it to achieve its own
goals.
A Market - ANSWER is a group of people who have a need, purchasing power, and the
desire and authority to spend money on goods, services, and ideas.
Verified Answers
Compounding - ANSWER This process of accumulation, as interest is paid on interest
that has already been earned, is called____
Interest Rate - ANSWER The opportunity cost to the bank of lending you money is
represented by the_______
Compounding - ANSWER This process of accumulation, as interest is paid on interest
that has already been earned, is called
Interest Rate - ANSWER charges you on the loan-the price of borrowing money for a
specified period of time, expressed as a percentage per dollar borrow and per unit of
time.
Present Value - ANSWER how much a certain amount of money that will be obtained in
the future is worth today is____
Risk - ANSWER _______exists when the cost or benefits of an event or choice are
uncertain
That figure is called expected value
Expected Value - ANSWER ______is the average of each possible
outcome of a future event, weighted by its probability of occurring
Risk Adverse - ANSWER Those who generally have low willingness to take on risk are
said to be______
Risk Pooling - ANSWER ____occurs when people organize themselves in a group to
collectively absorb the cost of the risk faced by each individual.
risk diversification - ANSWER _____refers to the process by which risk are shared
across many different assets of people.
Adverse Selection - ANSWER The first problem insurance companies face is____
Adverse Selection - ANSWER This concept
describes a state that occurs when buyers and sellers have different information about
the quality of a good or the riskiness of a situation
Moral Hazard - ANSWER the tendency for
, people to behave in a riskier way or to renege on contracts when they do not face the
full consequences of their actions.
Business Ethics - ANSWER the principle and standards that determine acceptable
conduct in business organizations.
Social Responsibility - ANSWER maximize positive impact and minimize its negative
impact on society.
Ethical Issue - ANSWER is an identifiable problem, situation, or opportunity that requires
a person to choose from among several actions that may be evaluated as right or wrong,
ethical, or unethical.
bribes - ANSWER it is considered improper to give or accept ________, which are
payments, gifts, or special favors intended to influence the outcome of a decision.
plagirism - ANSWER taking someone else's work and presenting it as your own without
mentioning
Codes Of Ethics - ANSWER are formalized rules and standards that describe what the
company expects of its employees.
Whistleblowing - ANSWER ccurs when an employee exposes an employer's
wrongdoings to outsiders, such as the media or government regulatory agencies
Consumerism - ANSWER The activities that independent individuals, groups, and
organizations undertake to protect their rights as consumers are know as________
Sustanability - ANSWER we define __________ as conduction activities in such a way as
to provide for the long-term well-being of the natural environment, including all
biological entities
Marketing - ANSWER ________is a group of activities designed to expedite transactions
by creating, distributing, pricing, and promoting goods, services, and ideas.
Exchange - ANSWER the act of giving up one thing (money, credit, labor, goods) in
return for something else (goods, services, or ideas)
value - ANSWER We view ______ as a customer's subjective assessment of benefits
relative to costs in determining the worth of a product (customer value = customer
benefits - customer costs)
Marketing Concept - ANSWER the idea that an organization should try to satisfy
customers' needs through coordinated activities that also allow it to achieve its own
goals.
A Market - ANSWER is a group of people who have a need, purchasing power, and the
desire and authority to spend money on goods, services, and ideas.
