BUS 100 Final Exam with Verified
Answers
Accounting: - ✔✔The functional area of business that monitors where money is spent.
Acquisition: - ✔✔When a company buys all or part of another company.
Assets: - ✔✔Resources owned by a firm.
Balance Sheet: - ✔✔A financial statement that lists the assets, liabilities, and owners' equity.
Blockchain: - ✔✔A digital list of transactions managed by the individual computers of a
network.
Board of Directors: - ✔✔Those elected by stockholders to represent their interests.
Bond: - ✔✔A loan to a corporation or government.
Brand: - ✔✔A product's identity that sets it apart from the competition.
Budget: - ✔✔Estimates how resources will be acquired and used.
Business Environment: - ✔✔The setting in which business operates.
Business Plan: - ✔✔An outline of a business's future objectives and strategies for achieving
them.
, Business: - ✔✔Providing goods and services to others while operating at a profit.
Chain of Command: - ✔✔A hierarchy of authority dictating who oversees whom.
Channel of Distribution: - ✔✔A chain of intermediaries involved in getting a product from the
producer to the customer.
Collective Bargaining: - ✔✔Negotiating the terms of employment between labor unions and
employers.
Controlling: - ✔✔When managers monitor performance and makes adjustments.
Corporate Social Responsibility: - ✔✔The obligation to contribute to society.
Cryptocurrency: - ✔✔A digital currency on a blockchain network.
Culture: - ✔✔People's values, customs, and way of life.
Data Analytics: - ✔✔Using data to solve problems.
Data: - ✔✔Raw, unprocessed facts and figures.
Database: - ✔✔An organized collection of data that is easily accessible.
Debt Financing: - ✔✔Funds provided in exchange for repayment with interest.
Demand: - ✔✔The willingness to buy goods at various prices during a specified time.
Answers
Accounting: - ✔✔The functional area of business that monitors where money is spent.
Acquisition: - ✔✔When a company buys all or part of another company.
Assets: - ✔✔Resources owned by a firm.
Balance Sheet: - ✔✔A financial statement that lists the assets, liabilities, and owners' equity.
Blockchain: - ✔✔A digital list of transactions managed by the individual computers of a
network.
Board of Directors: - ✔✔Those elected by stockholders to represent their interests.
Bond: - ✔✔A loan to a corporation or government.
Brand: - ✔✔A product's identity that sets it apart from the competition.
Budget: - ✔✔Estimates how resources will be acquired and used.
Business Environment: - ✔✔The setting in which business operates.
Business Plan: - ✔✔An outline of a business's future objectives and strategies for achieving
them.
, Business: - ✔✔Providing goods and services to others while operating at a profit.
Chain of Command: - ✔✔A hierarchy of authority dictating who oversees whom.
Channel of Distribution: - ✔✔A chain of intermediaries involved in getting a product from the
producer to the customer.
Collective Bargaining: - ✔✔Negotiating the terms of employment between labor unions and
employers.
Controlling: - ✔✔When managers monitor performance and makes adjustments.
Corporate Social Responsibility: - ✔✔The obligation to contribute to society.
Cryptocurrency: - ✔✔A digital currency on a blockchain network.
Culture: - ✔✔People's values, customs, and way of life.
Data Analytics: - ✔✔Using data to solve problems.
Data: - ✔✔Raw, unprocessed facts and figures.
Database: - ✔✔An organized collection of data that is easily accessible.
Debt Financing: - ✔✔Funds provided in exchange for repayment with interest.
Demand: - ✔✔The willingness to buy goods at various prices during a specified time.
