BUS 100 Final Exam with Verified
Answers
Strategies for success - ✔✔network, plan ahead, take charge of learning, sharpen your skills,
get connected, know yourself
Bloom's Revised Taxonomy - ✔✔1.Create 2.Evaluate 3. Analyze 4.Apply 5.Understand
6.Remember
Cognitive Style/Strengths - ✔✔preferred/habitual pattern of mental functioning; how we
process information; how we form ideas/judgments
Noise - ✔✔anything that interrupts communication
Context - ✔✔an idea that relies on more than an image
Nonverbal communication - ✔✔eye contact, voice tone, facial expression, gestures & postures
Communication statistics - ✔✔7% of meaning comes from verbal, 38% comes from tone of
voice, 55% comes from body language
Visual Learners - ✔✔Learn by sight
Auditory Learners - ✔✔Learn by sound
Kinesthetic Learners - ✔✔Learn by tactile/touch. Physical senses of information. Difficulty with
traditional tests.
, Read/writing Learners - ✔✔learn with information displayed by words.
Business - ✔✔any organization/activity that provides goods and services in an effort to earn a
profit.
Profit - ✔✔financial reward that comes from starting and running a business. Mores
specifically, the money a business earns in sales minus the expenses such as cost of goods and
salaries.
Demand Curve - ✔✔relationship between price and quantity from a demand standpoint that
can be shown on a graph. Always negative, sloping downward.
Supply Curve - ✔✔relationship between price and quantity from a supplier standpoint that can
be shown on a graph. Price usually rises and quantity produced increases with it. Slopes upward
to the right.
Private enterprise system - ✔✔-Capitalistic/market econom
-Extravagant human services, like free health care and education have shrunk
• Government owned businesses convert to private ownership by privatization process.
• Profit is goal, even for things like that the government had once controlled
4 basic rights - private enterprise system - ✔✔1. Right to private property
2.Business owner's right to own, use, sell their property.
3.Freedom of choice in employment, purchases, and investment.
4.Right to fair competition. Allowing the public to set rules for competitive activity.
Business cycle - ✔✔•The periodic contractions and expansion that occurs overtime in virtually
every economy. Not a predictable pattern, however. The phases are different every time they
happen, cannot be for sure guessed how long the phases will last and occur.
Answers
Strategies for success - ✔✔network, plan ahead, take charge of learning, sharpen your skills,
get connected, know yourself
Bloom's Revised Taxonomy - ✔✔1.Create 2.Evaluate 3. Analyze 4.Apply 5.Understand
6.Remember
Cognitive Style/Strengths - ✔✔preferred/habitual pattern of mental functioning; how we
process information; how we form ideas/judgments
Noise - ✔✔anything that interrupts communication
Context - ✔✔an idea that relies on more than an image
Nonverbal communication - ✔✔eye contact, voice tone, facial expression, gestures & postures
Communication statistics - ✔✔7% of meaning comes from verbal, 38% comes from tone of
voice, 55% comes from body language
Visual Learners - ✔✔Learn by sight
Auditory Learners - ✔✔Learn by sound
Kinesthetic Learners - ✔✔Learn by tactile/touch. Physical senses of information. Difficulty with
traditional tests.
, Read/writing Learners - ✔✔learn with information displayed by words.
Business - ✔✔any organization/activity that provides goods and services in an effort to earn a
profit.
Profit - ✔✔financial reward that comes from starting and running a business. Mores
specifically, the money a business earns in sales minus the expenses such as cost of goods and
salaries.
Demand Curve - ✔✔relationship between price and quantity from a demand standpoint that
can be shown on a graph. Always negative, sloping downward.
Supply Curve - ✔✔relationship between price and quantity from a supplier standpoint that can
be shown on a graph. Price usually rises and quantity produced increases with it. Slopes upward
to the right.
Private enterprise system - ✔✔-Capitalistic/market econom
-Extravagant human services, like free health care and education have shrunk
• Government owned businesses convert to private ownership by privatization process.
• Profit is goal, even for things like that the government had once controlled
4 basic rights - private enterprise system - ✔✔1. Right to private property
2.Business owner's right to own, use, sell their property.
3.Freedom of choice in employment, purchases, and investment.
4.Right to fair competition. Allowing the public to set rules for competitive activity.
Business cycle - ✔✔•The periodic contractions and expansion that occurs overtime in virtually
every economy. Not a predictable pattern, however. The phases are different every time they
happen, cannot be for sure guessed how long the phases will last and occur.
