BA 100 WSU Kay Meyer ACTUAL COMPLETE EXAM |WITH
ACCURATE QUESTIONS AND VERIFIED ANSWERS|GRADED
A
Cost-Benefit Principle Ans✓✓✓ An individual (or a firm or a society)
should take an action if, and only if, the extra benefits from taking the
action are at least as great as the extra costs.
opportunity cost Ans✓✓✓ Cost of the next best alternative use of
money, time, or resources when one choice is made rather than another
Retail Ans✓✓✓ A business that sells products directly to consumers.
Example: A clothing store like H&M.
Services Ans✓✓✓ A business that provides services rather than
physical products. Example: A hair salon or a car repair shop.
Manufacturing Ans✓✓✓ A business that produces goods from raw
materials. Example: A factory that makes smartphones.
Franchising Ans✓✓✓ A business model where a company allows
individuals to operate under its brand for a fee. Example: McDonald's
franchises.
Distribution Ans✓✓✓ A business that moves goods from
manufacturers to retailers or consumers. Example: Amazon's logistics
network.
, Multilevel and Network Marketing Ans✓✓✓ A business that sells
products through a network of distributors who earn commissions on
sales. Example: Companies like Amway or Herbalife.
Recruitment Ans✓✓✓ The process of finding, attracting, and hiring
qualified candidates for job openings. Example: Posting job listings and
conducting interviews.
Onboarding Ans✓✓✓ The process of integrating new employees into
an organization. Example: Orientation sessions and training programs.
Employee Development Ans✓✓✓ Programs and initiatives aimed at
improving employees' skills and career growth. Example: Professional
training workshops.
Employee Benefits Ans✓✓✓ Non-wage compensation provided to
employees. Example: Health insurance, retirement plans, and paid time
off.
Employee Compensation Ans✓✓✓ The salary, wages, bonuses, and
incentives given to employees for their work. Example: Hourly wages or
performance-based bonuses.
ACCURATE QUESTIONS AND VERIFIED ANSWERS|GRADED
A
Cost-Benefit Principle Ans✓✓✓ An individual (or a firm or a society)
should take an action if, and only if, the extra benefits from taking the
action are at least as great as the extra costs.
opportunity cost Ans✓✓✓ Cost of the next best alternative use of
money, time, or resources when one choice is made rather than another
Retail Ans✓✓✓ A business that sells products directly to consumers.
Example: A clothing store like H&M.
Services Ans✓✓✓ A business that provides services rather than
physical products. Example: A hair salon or a car repair shop.
Manufacturing Ans✓✓✓ A business that produces goods from raw
materials. Example: A factory that makes smartphones.
Franchising Ans✓✓✓ A business model where a company allows
individuals to operate under its brand for a fee. Example: McDonald's
franchises.
Distribution Ans✓✓✓ A business that moves goods from
manufacturers to retailers or consumers. Example: Amazon's logistics
network.
, Multilevel and Network Marketing Ans✓✓✓ A business that sells
products through a network of distributors who earn commissions on
sales. Example: Companies like Amway or Herbalife.
Recruitment Ans✓✓✓ The process of finding, attracting, and hiring
qualified candidates for job openings. Example: Posting job listings and
conducting interviews.
Onboarding Ans✓✓✓ The process of integrating new employees into
an organization. Example: Orientation sessions and training programs.
Employee Development Ans✓✓✓ Programs and initiatives aimed at
improving employees' skills and career growth. Example: Professional
training workshops.
Employee Benefits Ans✓✓✓ Non-wage compensation provided to
employees. Example: Health insurance, retirement plans, and paid time
off.
Employee Compensation Ans✓✓✓ The salary, wages, bonuses, and
incentives given to employees for their work. Example: Hourly wages or
performance-based bonuses.
